Question : A fruit seller buys oranges at the rate of Rs. 10 per dozen and sells at the rate of Rs. 12 per dozen. Calculate his percentage gain.
Option 1: $20\%$
Option 2: $15\%$
Option 3: $12\%$
Option 4: $8\frac{1}{3}\%$
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Correct Answer: $20\%$
Solution : Given: Cost price (CP) of 12 oranges = Rs. 10 Selling price (SP) of 12 oranges = Rs. 12 Profit = SP – CP = 12 – 10 = Rs. 2 Profit % = $\frac{\text{Profit}}{\text{CP}} × 100=\frac{2}{10} × 100= 20\%$ Hence, the correct answer is 20%.
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Question : The cost price of two dozen bananas is Rs. 30. After selling 15 bananas at Rs. 12 per dozen, the shopkeeper sells the remaining bananas at Rs. 5 per dozen. What is the loss percentage?
Option 1: 22.5%
Option 2: 25%
Option 3: 40%
Option 4: 30%
Question : A rice trader buys 8 quintals of rice for Rs 3600. 10% of rice is lost in transportation. At what rate should he sell to earn a 15% profit?
Option 1: Rs. 352.1 per quintal
Option 2: Rs. 517.5 per quintal
Option 3: Rs. 575 per quintal
Option 4: Rs. 582.3 per quintal
Question : A milk merchant buys 30 litres of milk at the rate of Rs. 50 per litre and mixes 20 litres of water in it (water is free of cost). If he sells this mixture at the rate of Rs. 48 per litre, then what is the profit percentage?
Option 1: 50 percent
Option 2: 60 percent
Option 3: 40 percent
Option 4: 66.66 percent
Question : A person borrows Rs. 20000 at the rate of 6% per annum on simple interest for 3 years. He immediately lends it to another person at the rate of 8.5% per annum on simple interest for 3 years. What is the value of gain per year?
Option 1: Rs. 1500
Option 2: Rs. 500
Option 3: Rs. 800
Option 4: Rs. 200
Question : A shopkeeper blends two varieties of tea costing Rs. 18 and Rs. 13 per 100 gm in a ratio of 7 : 3. He sells the blended variety at the rate of Rs. 18.15 per 100 gm. His percentage gain in the transaction is:
Option 1: 10%
Option 2:
12%
Option 3:
14%
Option 4:
8%
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