Question : A man bought two bicycles for Rs. 3,000 each. If he sells one bicycle at a profit of 10%, then for how much percentage of profit should he sell the other bicycle so that he makes a profit of 20% on the whole?
Option 1: 15 percent
Option 2: 25 percent
Option 3: 30 percent
Option 4: 10 percent
Correct Answer: 30 percent
Solution : A man bought two bicycles for Rs. 3,000 each. Total cost price = 3000 + 3000 = 6000 He wants a profit of 20% on the whole. So, total selling price should be $6000×\frac{100+20}{100}=7200$ He sells one bicycle at a profit of 10%. $\therefore$ Selling price of that cycle = $\frac{100+10}{100}×3000=3300$ So, the selling price of the other cycle = 7200 – 3300 = 3900 We know the profit percentage $=\frac{\text{Selling price – Cost price}}{\text{Cost price}}×100$ $=\frac{3900-3000}{3000}×100$ $=30\%$ Hence, the correct answer is 30 percent.
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Question : If a shop-keeper purchases cashew nuts at Rs. 250 per kg and sells them at Rs. 10 per 50 gm, then he makes a:
Option 1: 25% loss
Option 2: 25% profit
Option 3: 20% profit
Option 4: 20% loss
Question : A man bought 20 dozen eggs for Rs. 720. What should be the selling price of each egg if he wants to make a profit of 20%?
Option 1: Rs. 3.25
Option 2: Rs. 3.30
Option 3: Rs. 3.50
Option 4: Rs. 3.60
Question : Arun buys one kilogram of apples for Rs. 120 and sells it to Swati gaining 25%. Swati sells it to Divya who again sells it for Rs. 198, making a profit of 10%. What is the profit percentage made by Swati?
Option 1: 25%
Option 2: 20%
Option 3: 16.67%
Option 4: 15%
Question : A retailer buys a sewing machine at a discount of 15% and sells it for Rs. 1955. Thus, he makes a profit of 15%. The discount is:
Option 1: Rs. 270
Option 2: Rs. 290
Option 3: Rs. 300
Option 4: Rs. 310
Question : A man bought an article and sold it at a gain of 10%. If he had bought the article at 20% less and sold it for Rs. 1,000 more, he would have made a profit of 40%. The earlier selling price of the article (in Rs.) is:
Option 1: 55,000
Option 2: 60,000
Option 3: 50,000
Option 4: 40,000
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