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Mathematics

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251

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Discount/Rebate

easy
Mathematics

A cloth merchant has announced a 25% rebate on prices. If one wants to have a rebate of Rs. 40, how many shirts each costing Rs. 32 should he purchase?

A
6
B
5
C
10
D
7
Explanation and memory cue

A 25% rebate on a shirt costing Rs. 32 means a rebate of Rs. 8 per shirt (25% of 32). To get a total rebate of Rs. 40, one must buy 40 ÷ 8 = 5 shirts. However, the options and calculation show 5 as option B, but the correct answer is 5, so the original correct_answer was B, which is correct. Rechecking: 25% of 32 = 8; 40 ÷ 8 = 5. So the correct answer is B, not C. The initial correction was wrong. The original correct_answer B is correct.

252

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Profit & Loss

easy
Mathematics

If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is:

A
20% loss
B
20% gain
C
25% loss
D
25% gain
Explanation and memory cue

Given that the selling price of 50 articles equals the cost price of 40 articles, the selling price per article is (cost price of 40 articles) / 50 = (40/50) times the cost price per article = 0.8 times the cost price. This means the selling price is 80% of the cost price, resulting in a loss. The loss percentage is calculated as ((cost price - selling price) / cost price) × 100 = ((1 - 0.8) × 100) = 20%. Therefore, there is a 20% loss, which corresponds to option A.

253

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Profit & Loss (Discount)

medium
Mathematics

A dealer marks his goods 20% above cost price. He then allows some discount on it and makes a profit of 8%. The rate of discount is:

A
12%
B
10%
C
6%
D
4%
Explanation and memory cue

The dealer marks goods 20% above cost price, so marked price = 120% of cost. He makes an 8% profit after discount, so selling price = 108% of cost. The discount is the difference between marked price and selling price, which is 120% - 108% = 12%. Hence, the discount rate is 12%.

254

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Net Profit/Loss

Easy
Mathematics

A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on the second article. Find the net profit or loss percent.

A
neither profit nor loss
B
1%
C
2%
D
3%
Explanation and memory cue

The shopkeeper buys two articles for Rs. 1000 each, so total cost price = Rs. 2000. He sells the first article at 20% profit, so selling price of first article = 1000 + 20% of 1000 = Rs. 1200. He sells the second article at 20% loss, so selling price of second article = 1000 - 20% of 1000 = Rs. 800. Total selling price = 1200 + 800 = Rs. 2000, which is equal to the total cost price. Therefore, there is no net profit or loss, and the net profit or loss percent is 0%. Hence, the correct answer is 'neither profit nor loss' (Option A).

255

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Profit % (Cp:Sp)

easy
Mathematics

The ratio of the cost price to the selling price is 4:5. The profit percent is: ________?

A
10%
B
20%
C
25%
D
30%
Explanation and memory cue

Given the ratio of cost price (CP) to selling price (SP) is 4:5, the profit is SP - CP = 5x - 4x = x. Profit percent = (Profit/CP) * 100 = (x/4x)*100 = 25%.

256

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Marked Price & Discount

medium
Mathematics

By selling an umbrella for Rs. 300, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is: ______?

A
7
B
7.5
C
8
D
9
Explanation and memory cue

The cost price (CP) is Rs. 250 (since selling at Rs. 300 gives 20% gain). The marked price (MP) is Rs. 300. During the sale, a 10% discount on MP means selling price (SP) = 300 - 10% of 300 = Rs. 270. Gain = SP - CP = 270 - 250 = Rs. 20. Gain percent = (20/250)*100 = 8%. However, the options given are 7, 7.5, 8, and 9, and the correct gain percent is 8%. So the correct answer should be C, not B. Rechecking calculations: CP = SP / (1 + gain%) = 300 / 1.2 = 250; SP during sale = 300 * 0.9 = 270; Gain = 270 - 250 = 20; Gain% = (20/250)*100 = 8%. Therefore, the original correct answer C is correct. The explanation was missing and has been added. Difficulty is medium due to percentage calculations and discount concepts. Tags added accordingly.

257

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Discount (Difference)

medium
Mathematics

Tarun bought a TV with a 20% discount on the labelled price. Had he bought it with a 25% discount, he would have saved Rs. 500. At what price did he buy the TV?

A
Rs. 5000
B
Rs. 10000
C
Rs. 12000
D
Rs. 16000
Explanation and memory cue

Let the labelled price be Rs. x. With 20% discount, Tarun pays 0.8x. With 25% discount, he would pay 0.75x. The difference in price is 0.8x - 0.75x = 0.05x, which equals Rs. 500. So, 0.05x = 500, giving x = 10000. The price Tarun paid is 80% of 10000 = Rs. 8000, but this is not an option. The question asks for the price he bought the TV, so the labelled price is Rs. 10000, and the price he paid is Rs. 8000. Since Rs. 8000 is not an option, the closest correct labelled price is Rs. 10000 (option B). However, the question asks for the price he bought the TV, so the correct answer should be Rs. 8000, which is missing. Among the options, Rs. 16000 (option D) is incorrect. Therefore, the question and options are inconsistent. Given this, the labelled price is Rs. 10000, and the price he paid is Rs. 8000. Since Rs. 8000 is not an option, the best answer is Rs. 10000 (option B) as the labelled price. The question should be rephrased or options corrected.

258

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Profit With/Without Discount

medium
Mathematics

A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%. What would have been the percentage of profit earned if no discount was offered?

A
24.5%
B
28.5%
C
30%
D
Data inadequate
Explanation and memory cue

Let the marked price be 100 units. The shopkeeper offers a 5% discount, so the selling price is 95 units. Given a profit of 23.5%, the cost price (CP) can be calculated as CP = Selling Price / (1 + Profit%) = 95 / 1.235 ≈ 76.9 units. If no discount was offered, the selling price would be the full marked price of 100 units. The profit percentage without discount would then be ((100 - 76.9) / 76.9) × 100 ≈ 30%. Therefore, the correct answer is 30%, option C.

259

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Profit & Loss (Equal % Profit/Loss)

medium
Mathematics

The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

A
Rs. 2000
B
Rs. 2200
C
Rs. 2400
D
None of these
Explanation and memory cue

Let the cost price be Rs. x. The percentage profit equals the percentage loss, so (1920 - x)/x = (x - 1280)/x. Solving gives x = Rs.1600. To make 25% profit, selling price = 1600 + 25% of 1600 = Rs. 2000. However, option A is Rs. 2000, which matches this calculation, so the correct answer is A, not C. Rechecking the calculation: (1920 - x)/x = (x - 1280)/x implies 1920 - x = x - 1280, so 2x = 3200, x = 1600. Selling price for 25% profit = 1600 * 1.25 = Rs. 2000. Therefore, correct answer is A.

260

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Range/Bounds

medium
Mathematics

If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling 8 books?

A
Rs. 400
B
Rs. 600
C
Cannot be determined
D
None of these
Explanation and memory cue

The greatest possible profit per book is when the book is bought at the lowest price (Rs. 200) and sold at the highest price (Rs. 425), giving a profit of Rs. 225 per book. For 8 books, the greatest possible profit is 8 × Rs. 225 = Rs. 1800. Since Rs. 1800 is not among the given options, the correct choice is 'None of these' (Option D). The previously given answer (Rs. 600) is incorrect because it does not represent the maximum possible profit based on the given price ranges.