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291

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Profit % (Change In S.p)

easy
Mathematics

A man gains 20% by selling an article for a certain price. If he sells it at double that price, what will be the percentage of profit?

A
40
B
100
C
120
D
140
Explanation and memory cue

If the man gains 20% by selling at price P, then the cost price (C) is P/1.2. Selling at double the price (2P) results in profit = 2P - C = 2P - P/1.2 = 2P - 0.8333P = 1.1667P. The profit percentage = (Profit / Cost Price) × 100 = (1.1667P / (P/1.2)) × 100 = 1.1667 × 1.2 × 100 = 140%. Therefore, the profit percentage when selling at double the original price is 140%.

292

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Profit & Loss

medium
Mathematics

There would be a 10% loss if rice is sold at Rs. 5.40 per kg. At what price per kg should it be sold to earn a profit of 20%?

A
Rs. 6
B
Rs. 6.48
C
Rs. 7.02
D
Rs. 7.20
Explanation and memory cue

If selling at Rs. 5.40 per kg results in a 10% loss, the cost price (CP) is Rs. 6.00 (since 5.40 = 90% of CP). To earn a 20% profit, the selling price should be 120% of CP, which is Rs. 7.20. However, option D is Rs. 7.20, but the calculation shows Rs. 7.20, so option D is correct. Rechecking: CP = 5.40 / 0.9 = 6.00; required SP = 6.00 * 1.20 = 7.20. So option D is correct. The initial correct_answer was D, which matches the calculation. Explanation was missing and has been added. Difficulty set to medium as it involves percentage profit and loss calculations.

293

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Profit/Loss In Unit Terms

medium
Mathematics

By selling 12 oranges for one rupee, a man loses 20%. How many oranges should he sell for one rupee to gain 20%?

A
5
B
8
C
10
D
15
Explanation and memory cue

Given that selling 12 oranges for one rupee results in a 20% loss, the cost price (CP) of 12 oranges can be calculated as follows: Since selling price (SP) is 1 rupee for 12 oranges and this is 80% of CP (because of 20% loss), CP = 1 / 0.8 = 1.25 rupees for 12 oranges. To gain 20%, the selling price should be 120% of CP, i.e., SP = 1.25 × 1.2 = 1.5 rupees for 12 oranges. Now, to find how many oranges should be sold for 1 rupee to gain 20%, we calculate the number of oranges per rupee as (12 oranges) / (1.5 rupees) = 8 oranges per rupee. Therefore, the man should sell 8 oranges for one rupee to gain 20%. The original answer (15 oranges) and explanation were incorrect and inconsistent with the calculations.

294

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Profit & Loss

easy
Mathematics

Profit after selling a commodity for Rs. 425 is the same as the loss after selling it for Rs. 355. The cost of the commodity is: ______?

A
Rs. 385
B
Rs. 390
C
Rs. 395
D
Rs. 400
Explanation and memory cue

Let the cost price be Rs. x. Profit when selling at Rs. 425 is (425 - x), and loss when selling at Rs. 355 is (x - 355). Given they are equal, 425 - x = x - 355, solving gives x = Rs. 390. However, checking options, Rs. 390 is option B, so the correct answer is B, not A. Rechecking: 425 - 390 = 35 profit, 390 - 355 = 35 loss, equal indeed. So correct answer is B.

295

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Marked Price & Discount

medium
Mathematics

A trader marked the price of the TV 30% above the cost price and gave the purchaser a 10% discount on the marked price, thereby gaining Rs.340. Find the cost price of the TV.

A
Rs.2250
B
Rs.2000
C
Rs.2150
D
Rs.2200
Explanation and memory cue

The trader marks the price 30% above cost price, so Marked Price = 1.3 × Cost Price. A 10% discount on the marked price means the selling price = 0.9 × Marked Price = 0.9 × 1.3 × Cost Price = 1.17 × Cost Price. Given gain = Rs.340, so Selling Price - Cost Price = 340, which gives 1.17 × Cost Price - Cost Price = 340, or 0.17 × Cost Price = 340. Solving, Cost Price = 340 / 0.17 = Rs.2000.

296

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Ratio & Proportion

easy
Mathematics

The ratio of the prices of three different types of cars is 4:5:7. If the difference between the costliest and the cheapest cars is Rs. 60000, what is the price of the car with the modest price?

A
Rs. 80000
B
Rs. 100000
C
Rs. 140000
D
Rs. 120000
Explanation and memory cue

Given the ratio 4:5:7, let the common multiplier be x. The difference between the costliest and cheapest cars is 7x - 4x = 3x = 60000, so x = 20000. The modest price corresponds to 5x = 5 * 20000 = Rs. 100000.

297

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Profit Percentage (Combined Items)

easy
Mathematics

A person purchased a TV set for Rs. 16,000 and a DVD player for Rs. 6,250. He sold both items together for Rs. 31,150. What percentage of profit did he make?

A
30%
B
35%
C
40%
D
45%
Explanation and memory cue

The total cost price is Rs. 16000 + Rs. 6250 = Rs. 22250. The selling price is Rs. 31150. Profit = 31150 - 22250 = Rs. 8900. Profit percentage = (8900 / 22250) × 100 ≈ 40%. Hence, option C is correct.

298

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Profit & Loss (Ratios)

medium
Mathematics

A shopkeeper earns a profit of 12% by selling a book at a 10% discount on the printed price. The ratio of the cost price to the printed price of the book is:

A
45:56
B
50:61
C
99:125
D
None of these
Explanation and memory cue

Let the printed price be P and the cost price be C. The selling price (SP) is 10% discount on printed price, so SP = 0.9 × P. The shopkeeper earns 12% profit on cost price, so SP = 1.12 × C. Equating, 1.12 × C = 0.9 × P, which gives C/P = 0.9/1.12 = 45/56. Therefore, the ratio of cost price to printed price is 45:56, which corresponds to option A.

299

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Profit & Loss (Net Outcome)

medium
Mathematics

A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20% and the cow at a gain of 20%. The entire transaction resulted in _________?

A
No loss or gain
B
Loss of Rs. 1000
C
Gain of Rs. 1000
D
Gain of Rs. 2000
Explanation and memory cue

The horse sold at a 20% loss means its cost price was Rs. 15000 (since 80% of 15000 = 12000). The cow sold at a 20% gain means its cost price was Rs. 10000 (since 120% of 10000 = 12000). Total cost price = 15000 + 10000 = 25000; total selling price = 12000 + 12000 = 24000. Hence, there is a loss of Rs. 1000 in the entire transaction.

300

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Mixtures & Allegations (Weighted Avg)

medium
Mathematics

Ramees bought 4 dozen apples at Rs. 12 per dozen and 2 dozen apples at Rs. 16 per dozen. He sold all of them to earn 20%. At what price per dozen did he sell the apples?

A
Rs. 14.40
B
Rs. 16.00
C
Rs. 16.80
D
Rs. 19.20
Explanation and memory cue

Ramees bought 4 dozen apples at Rs. 12 per dozen (cost = 4 × 12 = Rs. 48) and 2 dozen apples at Rs. 16 per dozen (cost = 2 × 16 = Rs. 32). Total cost = Rs. 80 for 6 dozen apples. To earn 20%, selling price = 80 × 1.2 = Rs. 96. Price per dozen = 96 ÷ 6 = Rs. 16.80.