Question : A person sold 28 articles for Rs, 2800 and incurred a loss of 20%. How many articles should he sell for Rs. 4400 to make a profit of 10%?
Option 1: 16
Option 2: 40
Option 3: 32
Option 4: 24
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Correct Answer: 32
Solution : Selling price of one article = $\frac{2800}{28}=100$ Cost price of one article = $100 \times \frac{100}{80}$ = Rs. 125 Now, to get Rs. 4400 making a profit of 10%, the selling price is 110% of the cost price. Selling price of 1 article = Cost price of 1 article $\times \frac{100 + \text{Profit percentage}}{100}$ = $125 \times \frac{110}{100}$ = Rs. 137.5 Number of articles to be sold = $\frac{\text{Total Selling Price}}{\text{Selling price of 1 article}}$ = $\frac{4400}{137.5} =32$ Hence, the correct answer is 32.
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Question : A person bought 8 articles for Rs. 2. Find at what price should he be able to sell 120 articles to get a profit of 10%.
Option 1: Rs. 22
Option 2: Rs. 33
Option 3: Rs. 20
Option 4: Rs. 44
Question : If 80% of total articles are sold at a loss of 25% and the remaining articles are sold at a profit of 20%, what will be the overall loss percentage?
Option 1: 20%
Option 2: 18%
Option 3: 16%
Option 4: 22%
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
Question : A man sold an item for Rs. 33,750 and incurred a loss of 25%. At what price should he sell the item to have a profit of 25%?
Option 1: Rs. 45,000
Option 2: Rs. 52,450
Option 3: Rs. 40,850
Option 4: Rs. 56,250
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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