Question : A man lost 15% by selling a mobile for Rs. 4,675. What will be his gain percentage by selling it for Rs. 6,050?
Option 1: 10.5%
Option 2: 9.5%
Option 3: 9%
Option 4: 10%
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Correct Answer: 10%
Solution : The selling price of the mobile = Rs. 4,675 Loss percentage = 15% New selling price = Rs. 6,050 According to the question, 85% of CP = 4,675 ⇒ CP = $\frac{4675}{0.85}$ ⇒ CP = Rs. 5,500 If he sold it for Rs. 6,050, then, Profit% = $\frac{(\text{SP}-\text{CP})}{\text{CP}}\times{100}$ Profit% = $(6,050 - 5,500)\times{\frac{100}{5,500}}$ = $550 \times{\frac{100}{5500}}$ = 10% The required Profit% = 10%. Hence, the correct answer is 10%.
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Question : By selling a tape recorder for Rs. 1040, a man gains 4%. If he sells it for Rs. 950, his loss will be:
Option 1: 5%
Option 2: 4%
Option 3: 4.5%
Option 4: 9%
Question : A man sells two cows for Rs. 15,640 each, gaining 15% on one and losing 15% on the other. Find his total gain or loss.
Option 1: Rs. 720 loss
Option 2: Rs. 360 loss
Option 3: Rs. 720 gain
Option 4: Rs. 360 gain
Question : A man spends 75% of his income. His income increases by 20% and his expenditure also increases by 10%. Find the percentage increase in his savings.
Option 1: 25%
Option 2: 50%
Option 3: 15%
Question : A T.V. is sold at 8% gain. Had it been sold for Rs. 714 more, the gain would have been 15%. To gain 18%, the selling price of the T.V. should be:
Option 1: Rs. 12,036
Option 2: Rs. 12,138
Option 3: Rs. 11,934
Option 4: Rs. 12,240
Question : By selling a watch for INR 2,000, a shopkeeper loses 20%. How much would he gain or lose by selling it for INR 3,000?
Option 1: 20% gain
Option 2: 25% gain
Option 3: 15% loss
Option 4: 25% loss
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