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A shopkeeper marks his goods at such a price that he can deduct 20% for cash and yet make 20% profit. The marked price of an item which cost him 180 is? |

A) 270
B) 240
C) 245
D) 260
Correct Answer : 270 Explanation :CP = 180,Gain = 20% Let the Marked Price be x. Thus, Marked Price is 270 |

A dealer buys an article marked at 40000 with 20% and 10% off. He spends 1200 on its repairs and sells it for 30000. What is his gain or loss per cent? |

A) 10% gain
B) 10% loss
C) no profit no loss
D) None of the above
Correct Answer : no profit no loss Explanation :CP = (80% of 90% of 40000) + (1200) |

Gourav bought a scooter for 45000 rupees. If the shopkeeper has given him a discount of 10%, what was the marked price of the scooter? |

A) 50000
B) 55000
C) 65000
D) 60000
Correct Answer : 50000 Explanation :Let marked price was X. then |

A cycle dealer sells a bicycle at a gain of 8%. Had he sold it for Rs. 75 less, he would have lost 2%. What is the cost price of the bicycle? |

A) Rs. 850
B) Rs. 350
C) Rs. 750
D) Rs. 450
Correct Answer : Rs. 750 Explanation :Let x be the cost price if he had sold it at Rs 75 less, he would have lost 2% i.e. Cost price X= Rs 750 |

By selling 90 ball pens for Rs. 160, a person loses 20%. How many ball pens should be sold at Rs. 96 so as to have 20% profit? |

A) 36
B) 37
C) 46
D) 47
Correct Answer : 36 Explanation :sp of 90 ball pens = rs 160 =20% loss let X ball pens are sold to earn20% profit hence X*(20/9)=96*100 / (100+20) = 80 So, 36 ball pens should be sold for rs 96 to earn profit of 20% |

A dealer buys a wrist watch of rs 225 and spends rs 15 on its repairs. if he sells it for Rs 300,then find his profit percent? |

A) 15%
B) 20%
C) 25%
D) 30%
Correct Answer : 25% Explanation :cost price of wrist watch = 225 + 15 = 240 Profit % = (profit/cost price) * 100% = (60/240) * 100 = 25% |

Dinesh bought two radios for Rs 1920. He sold a radio for a 20% profit and another 20/3 % losses. If the selling price of both radios are same, then find the cost price of both radios? |

A) 800 and 1120
B) 840 and 1080
C) 860 and 1060
D) 900 and 1020
Correct Answer : 840 and 1080 Explanation :Let first radio cp is X second radio cp is 1920-X Hence,second radio cp is 1920-X = 1920-840 =1080 |

If the profit on selling an article for Rs 425 is the same as the loss on selling it for Rs 355, then the cost price of the article is? |

A) 370
B) 380
C) 390
D) 400
Correct Answer : 390 Explanation :Let the cp of article is X |

If the cost price of 18 items is equal to the selling price of 16 items, the profit or loss percent is? |

A) 25% profit
B) 25% loss
C) 25/2% profit
D) 25/2% loss
Correct Answer : 25/2% profit Explanation :Gain percentage=(18–16 / 16)*100 = (2/16)*100 = 25/2 % |

By selling an item for Rs 960, a person loses 4%. whtat is the cost price? |

A) 1000
B) 784
C) 498.4
D) 300
Correct Answer : 1000 Explanation :Cost price =960*100 / (100-4) = 960*100 / 96 = 1000 |

A milkman bought 70 liters of milk for Rs 630 and added 5 litres of water. If he sold it at Rs 9 per liter, then his profit percentage is? |

A) 41/5 %
B) 7 %
C) 42/5 %
D) 50/7 %
Correct Answer : 50/7 % Explanation :cp of 70 liters of milk = 630 sp of 1 liter milk = 9 profit % =(675-630 / 630)*100 = (45/630)*100 =50/7 % |

A shopkeeper sold two mobiles in Rs 2400 each.In this sell he gets 20% profit on one but 20% loss on second mobile. What is his net profit or net loss? |

A) Profit of Rs 200
B) Loss of Rs 200
C) No profit No loss
D) None of these
Correct Answer : Loss of Rs 200 Explanation :SP of first mobile= 2400 , Profit = 20% SP of Second mobile= Rs.1000 ,Loss = 20% So, Total SP = 4800; Total CP = 5000 So, Loss Percent = Loss* 100/CP = 200* 100/5000 = 4% |

Cost price of two beds are equal. One bed is sold at a profit of 30% and the other one for 5504 Rs less than the first one. If the overall profit earned after selling both the beds is 14%, what is the cost price of each bed? |

A) 17000 B) 16800 C) 17600 D) 17200 Correct Answer : 17200 Explanation :Let cost price of each bed = Rs x Acoording to question, |

The total cost of a washing machine with an electric chimney was 57750. The electric chimney was sold at a profit of 34% and the washing machine at a loss of 24%. If the sale price was the same in both the items, then the cost price of the cheaper item was? |

A) 26850 B) 20900 C) 28875 D) 25850 Correct Answer : 20900 Explanation :Let, the CP of washing machine be x, and the CP of the chimney will be (57750 - x) SP of washing machine = SP of Chimney CP of washing machine, x = 36850 |

What percent profit is made by selling an article at a certain price if by selling at 2/3rd of that price, there would be a loss of 30%? |

A) 4% B) 5% C) 6% D) 7% Correct Answer : 5% Explanation :Let cost price = 100, Loss = 30% So, Original SP = 70 * 3/2 = 105 |

If the Cost Price is Rs. 10/- and the Selling Price is Rs. 12, What is the Profit or Loss? |

A) 1
B) 2
C) 4
D) 8
Correct Answer : 2 Explanation :Profit = SP - CP (if SP > CP) |