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01. If apples are bought at 11 for Rs. 10 and sold at 10 for Rs. 11, find the profit percentage.
A. 19% B. 20%
C. 22% D. 21%

Answer and Explanation

Answer: 21%

Explanation:
Cost Price of 1 item = Rs. 10/11 and Selling Price of 1 item = Rs. 11/10
Profit = 11/10 – 10/11 = 121 – 100 / 110 = Rs. 21/110
Profit Percentage = (21/110) / (10/11) × 100 = 21/110 × 11/10 × 100 = 21%

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02. A certain number of eggs are bought at 4 for Rs. 5 and an equal number are bought at 9 for Rs. 10. If 15% of the eggs were broken in transportation and the remaining were sold at 2 for Rs. 3, find the profit percentage for the trader.
A. 9% B. 8% 
C. 8.5% D. 8.25%

Answer and Explanation

Answer: 8% 

Explanation:
Let x eggs be bought at 4 for Rs 5
CP of x eggs = 5x / 4
Let another x eggs be bought at 9 for Rs. 10
CP of x eggs = 10x/9
Total CP of 2x eggs = 5x/4 + 10x / 9 = 85 / 36x = 2.3611x
Number of broken eggs = 0.15(2x) = 0.3x
Balance eggs = 2x – 0.3x = 1.70x
SP of 2 eggs = Rs. 3
SP of 1.7x eggs = (3 × 1.7x)/2×2.55x
Profit = (2.55 – 2.3611)x = 0.189x
Profit Percentage = 0.189x / 2.311x × 100 = 8% 

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03. A shopkeeper marks the price of an article at Rs. 80. Find the selling price if he allows a discount of 10%.
A. Rs. 72 B. Rs. 68
C. Rs. 76 D. Rs. 74

Answer and Explanation

Answer: Rs. 72

Explanation:
Marked price = 80
Discount = 10 / 100 × 80 = Rs. 8
Selling Price = 80 – 8 = Rs. 72

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04. A man sells a pen at a profit of 20%. Had he bought it at 20% less and sold it for Rs. 5 less, he would have gained 25%. What is the cost price of the pen?
A. Rs. 25 B. Rs. 30
C. Rs. 40 D. Rs. 20

Answer and Explanation

Answer: Rs. 25

Explanation:
 Let the Cost Price = Rs x.
Profit = 20%
SP = CP(100 + gain% / 100) = x(12/100) = 12x/10
If CP = 0.8x and SP = 12x / 10 – 5
Then gain percentage = 25, i.e 25 = (12x/10 -5 -8x/10) / 8/10x × 100
2x = 4x – 50
i.e. 2x = 50
Cost price of the pen = Rs 25

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05. The price of an article becomes rs 260, after it increases by 30%. Find the original price in rs.
A. 100 B. 200
C. 180 D. 338

Answer and Explanation

Answer: 200

Explanation:
Let the original price be rs x
Increase = rs 0.3x
x+0.3x = 260x = 200

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06. The price of fan a is twice that of another fan b. The price of a is increased by 10% and that of b is decreased by 20%. Find the percentage decrease in the sum of the prices of fans.
A. 10% B. 0%
C. 15% D. 5%

Answer and Explanation

Answer: 0%

Explanation:
Let the price of fan b initially be rs x
Price of fan a initially is rs 2x
Increase in the price of a = 10/200 * (2x) = rs 0.2x
Decrease in the price of b = 20/100 *(x) = rs 0.2x
As the increase equals the decrease, the sum of the prices does not change.
There fore the required change is 0%

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07. The cost price of an article and its selling price are rs 600 and rs 900 respectively. Find the profit percentage.
A. 50% B. 33 1/3%
C. 100% D. 16 2/3%

Answer and Explanation

Answer: 50%

Explanation:
Profit = rs 300
Profit percentage = (300/600)(100%) = 50%

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08. A shopkeeper sells an item for rs 60 at profit of 20%. At what price should he sell it to gain 30%?
A. Rs 63 B. Rs 65
C. Rs 68 D. Rs 70

Answer and Explanation

Answer: Rs 65

Explanation:
Let the cost price of the item be rs x
Profit = 0.2x
X + 0.2x = 60
X = 50
To gain 30% profit must be rs 0.3x
Hence, selling price must be rs 1.3x
= rs 65

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09. 2 articles are bought at the same price. One is sold at 20% profit and the other is sold at 10%. Find the overall profit / loss percentage.
A. 10% profit B. 10% loss
C. 5% loss D. 5% profit

Answer and Explanation

Answer: 5% profit

Explanation:
Suppose 2 articles have the same cost price and one is sold at x% profit and the other is sold at y % loss. The overall profit/loss percentage is given by ½(difference of x and y)%
X=20
Y = 10
Overall profit/loss % = 5% profit

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10. The cost of production of a motorbike which is sold at 20% profit went up by 40%. What should be the percentage increase in the selling price to maintain the profit percentage the same even at the new cost of production?
A. 40% B. 20%
C. 68% D. 60%
E. 50%

Answer and Explanation

Answer: 40%

Explanation:
Let the initial cost be rs 100
It went up by 40% i.e new cost price = rs 140
Initial selling price = rs 120
Present selling price = 140 (1.2) = rs 168
Percentage increase in selling price = (168-120) / 120 * 100
= 40%

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