Question : A man sells his bike for Rs. 1,32,000 earning a profit of 10%. If he had sold it for Rs. 1,26,000, then what is his profit or loss percent?
Option 1: 10% profit
Option 2: 5% loss
Option 3: 10% loss
Option 4: 5% profit
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Correct Answer: 5% profit
Solution : Given: Selling price including 10% profit: Let the cost price be CP. $\frac{110}{100} \times CP=132000$ Cost price = 120000 If it is sold at Rs 126000 Profit = 126000 – 120000 = 6000 Profit percentage = $\frac{\text{Profit}}{\text{Cost price}}\times 100$ = $\frac{6000}{120000}\times 100$ = 5% Hence, the correct answer is 5% profit.
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Question : A shopkeeper sells a book at a loss of 60 percent. Had he sold the book for Rs. 150 more, then he would have suffered a loss of 30 percent. To earn a profit of 20 percent, what should be the selling price of the book?
Option 1: Rs. 650
Option 2: Rs. 600
Option 3: Rs. 700
Option 4: Rs. 550
Question : A shopkeeper sells an article at 20 percent profit. If he had bought it at a 10 percent less price and sold it for Rs. 48 less, then he would have earned a profit of 20 percent. What is the cost price of the article?
Option 1: Rs. 460
Option 2: Rs. 520
Option 3: Rs. 340
Option 4: Rs. 400
Question : A man sold his bike for INR 18,600 at 55% profit. At what price would he have sold to incur a loss of 10%?
Option 1: INR 10,800
Option 2: INR 15,000
Option 3: INR 11,200
Option 4: INR 16,600
Question : Shivam purchased two watches, the first for Rs. 12000 and the second for Rs. 10000. He sold both watches, the first one at a profit of 10 percent and the second at a loss of 10 percent. What is the overall profit or loss?
Option 1: 2.25% profit
Option 2: 2.25% loss
Option 3: 0.909% profit
Option 4: 0.909% loss
Question : Shivam purchased two watches, the first for Rs. 12000 and the second for Rs. 16000. He sold both watches, the first one at a profit of 10% and the second at a loss of 10%. What is the overall profit or loss?
Option 1: Profit = Rs. 600
Option 2: Profit = Rs. 200
Option 3: Loss = Rs. 800
Option 4: Loss = Rs. 400
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