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341

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Profit and Loss

easy
Mathematics

The cost price of 10 pens is equal to the selling price of 12 pens. Find his gain % or loss %.

A
16 2/3% profit
B
50/6% profit
C
16 2/3% loss
D
100/3% loss
Explanation and memory cue

Given that the cost price (C.P) of 10 pens is equal to the selling price (S.P) of 12 pens, the selling price of one pen is less than its cost price, indicating a loss. Calculation: Let the cost price of one pen be C.P = x. Then, cost price of 10 pens = 10x. Selling price of 12 pens = 10x (given equal to cost price of 10 pens). So, selling price of one pen = (10x) / 12 = (5x) / 6. Loss per pen = C.P - S.P = x - (5x/6) = x/6. Loss percentage = (Loss / C.P) * 100 = (x/6) / x * 100 = 100/6 = 16 2/3 % loss. Therefore, the correct answer is option C: 16 2/3% loss.

342

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Profit and Loss

medium
Mathematics

A trader marked the price of a car 20% above the cost price and allowed the purchaser a 5% discount on the marked price, thereby gaining Rs.8400. Find the cost price of the car.

A
Rs.60000
B
Rs.75000
C
Rs.68400
D
Rs.78400
Explanation and memory cue

The trader marks the price 20% above cost price, so Marked Price = 1.2 × Cost Price. A 5% discount on the marked price means Selling Price = 0.95 × Marked Price = 0.95 × 1.2 × Cost Price = 1.14 × Cost Price. The gain is Rs.8400, so Gain = Selling Price - Cost Price = 0.14 × Cost Price = 8400. Therefore, Cost Price = 8400 / 0.14 = Rs.75000.

343

Read Mode

Profit and Loss

medium
Mathematics

The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent?

A
15 5/15%
B
18 2/11%
C
16 2/3%
D
30%
Explanation and memory cue

Given that the cost price of 13 articles equals the selling price of 11 articles, the selling price of one article is (cost price of 13 articles) / 11 = (13/11) times the cost price of one article. The profit per article is therefore (13/11 - 1) = 2/11 of the cost price. The profit percentage is (2/11) × 100 = 18 2/11%. Hence, the correct answer is option B.

344

Read Mode

Profit and Loss

easy
Mathematics

The cost price of a radio is Rs.1500 and it was sold for Rs.1230. Find the loss percentage.

A
18%
B
9%
C
15%
D
6%
Explanation and memory cue

Loss = Cost Price - Selling Price = 1500 - 1230 = 270. Loss % = (Loss / Cost Price) × 100 = (270 / 1500) × 100 = 18%. However, option A is 18%, so correct answer is A, not C. Rechecking calculation: 270/1500=0.18=18%. So correct answer is A.

345

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Discount

medium
Mathematics

The list price of an article is Rs. 65. A customer pays Rs. 56.16 for it. He was given two successive discounts, one of them being 10%. The other discount is _______.

A
3%
B
4%
C
5%
D
6%
Explanation and memory cue

The list price is Rs. 65. After the first discount of 10%, the price becomes 65 × 0.90 = Rs. 58.5. The customer pays Rs. 56.16 after the second discount. Let the second discount be x%. Then, 58.5 × (1 - x/100) = 56.16. Solving for x gives (1 - x/100) = 56.16 / 58.5 ≈ 0.96, so x ≈ 4%. Therefore, the other discount is 4%, which corresponds to option B.

346

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Profit and Loss

easy
Mathematics

If Mobeen, while selling two goats at the same price, makes a profit of 10% on one goat and suffers a loss of 10% on the other, he

A
Makes no profit and no loss
B
Makes a profit of 1%
C
Suffers a loss of 1%
D
Suffers a loss of 2%
Explanation and memory cue

When selling two goats at the same price, one with a 10% profit and the other with a 10% loss, the overall effect is a loss. This is because the cost prices differ, and the combined transaction results in a net loss of approximately 1%.

347

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Percentage & Elections

medium
Mathematics

10% of the electorate did not cast their votes in an election between two candidates. 10% of the votes polled were found invalid. The successful candidate got 54% of the valid votes and won by a majority of 1620 votes. The number of voters enrolled on the voter’s list was _______.

A
25000
B
33000
C
35000
D
40000
Explanation and memory cue

Let the total number of voters be N. 10% did not vote, so votes cast = 0.9N. Of these, 10% were invalid, so valid votes = 0.9N × 0.9 = 0.81N. The winning candidate got 54% of valid votes = 0.54 × 0.81N = 0.4374N. The other candidate got 46% of valid votes = 0.46 × 0.81N = 0.3726N. The majority is the difference: 0.4374N - 0.3726N = 0.0648N = 1620. Solving for N gives N = 1620 / 0.0648 = 25000. However, this contradicts the options. Rechecking calculations: 10% did not vote → votes cast = 0.9N; 10% of votes polled invalid → valid votes = 0.9N × 0.9 = 0.81N; majority = (54% - 46%) × 0.81N = 8% × 0.81N = 0.0648N = 1620; N = 1620 / 0.0648 = 25000. Since 25000 is option A, correct answer is A, not B. Therefore, correct answer is A (25000).

348

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Percentage & Data Interpretation

medium
Mathematics

Candidates in a competitive examination consisted of 60% men and 40% women. 70% of men and 75% of women cleared the qualifying test and entered the final test, where 80% of men and 70% of women were successful. Which of the following statements is correct?

A
Success rate is higher for women
B
Overall success rate is below 50%
C
More men cleared the examination than women
D
Both ‘A’ and ‘B’
Explanation and memory cue

Calculating the number of men and women who cleared the final test shows more men succeeded overall. Although women's success rates at each stage are higher, the larger initial number of men results in more men clearing the examination.

349

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Profit and Loss

medium
Mathematics

Ramees sold two bicycles, each for Rs.990. If he made 10% profit on the first and 10% loss on the second, what is the total cost of both bicycles?

A
Rs.2000
B
Rs.1980
C
Rs.1891
D
Rs.1750
Explanation and memory cue

The selling price of each bicycle is Rs.990. For the first bicycle, with a 10% profit, cost price = 990 / 1.1 = Rs.900. For the second bicycle, with a 10% loss, cost price = 990 / 0.9 = Rs.1100. Total cost = 900 + 1100 = Rs.2000. However, this contradicts the options, so rechecking: 10% profit means SP = 110% of CP, so CP = SP / 1.1 = 900; 10% loss means SP = 90% of CP, so CP = SP / 0.9 = 1100; total cost = 900 + 1100 = Rs.2000. Option A is Rs.2000, so correct answer is A, not B. Correction made accordingly.

350

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Profit and Loss

medium
Mathematics

A man purchases 8 pens for Rs.9 and sells 9 pens for Rs.8. How much profit or loss does he make?

A
20.98% profit
B
20.98% loss
C
20.89% profit
D
20.89% loss
Explanation and memory cue

The cost price of one pen is Rs.9/8 = Rs.1.125. The selling price of one pen is Rs.8/9 ≈ Rs.0.8889. Since the selling price is less than the cost price, there is a loss. The loss percentage = ((1.125 - 0.8889)/1.125) × 100 ≈ 20.98%.