Question : A man buys a machine for Rs. 5,000. After one year, he sells it for Rs. 6000. After two years, again he buys the same machine at Rs. 8,000 and sells it for Rs. 10,000. Find his overall profit percentage for both transactions.
Option 1: 20.23%
Option 2: 23.08%
Option 3: 18.75%
Option 4: 15.23%
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Correct Answer: 23.08%
Solution : For the first time the cost price (CP) = Rs. 5000 Profit = (6000 – 5000) = Rs. 1000 For the second time the CP = Rs. 8000 The profit = (10000 – 8000) = Rs. 2000 Now, the total CP = (5000 + 8000) = Rs. 13000 And, the total profit = (1000 + 2000) = Rs. 3000 So, the overall profit = $\frac{\text{total profit}}{\text{total cost price}}×100=\frac{3000}{13000}×100= 23.08\%$ Hence, the correct answer is 23.08%.
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Question : A man buys a watch for Rs. 1,950 in cash and sells it for Rs. 2,200 at a credit of 1 year. If the rate of interest is 10% per annum, then how much profit or loss will he have?
Option 1: Rs. 55 profit
Option 2: Rs. 30 profit
Option 3: Rs. 30 loss
Option 4: Rs. 35 profit
Question : A man sells two articles at Rs. 9,975 each. He gains 5% on one article and loses 5% on the other. Find his overall gain or loss.
Option 1: Loss Rs. 60
Option 2: Profit Rs. 50
Option 3: Profit Rs. 60
Option 4: Loss Rs. 50
Question : A merchant buys 25 litres of milk daily at the rate of Rs. 12 per litre. He mixes 5 litres of water in it and sells it at the rate of Rs. 10.40 per litre. His profit percentage is:
Option 1: 8% profit
Option 2: 2% profit
Option 3: 4% profit
Option 4: 6% profit
Question : A vendor buys bananas at 9 for Rs. 8 and sells them at 8 for Rs. 9. What will be the profit or loss (in %)?
Option 1: 13.28% profit
Option 2: 26.56% loss
Option 3: 26.56% profit
Option 4: 13.28 % loss
Question : Rahim bought a TV at 20% discount on the list price. Had he bought it on a 25% discount, he would have saved Rs. 500. At what price did he buy the TV?
Option 1: Rs. 16,000
Option 2: Rs. 12,000
Option 3: Rs. 10,000
Option 4: Rs. 8,000
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