Question : A person sold an article at a loss of 16%. Had he sold it for INR 660 more, he would have gained 8%. What should be the selling price (in INR) to gain a profit of 12%?
Option 1: 2,970
Option 2: 3,200
Option 3: 2,750
Option 4: 3,080
Correct Answer: 3,080
Solution : Let $x$ be the cost price. Loss = 16% of $x$ = $0.16x$ Selling price = cost price – loss = $x-0.16x$ = $0.84x$ New selling price = $0.84x+660$ Profit = 8% of $x$ = $0.08x$ Selling price – cost price = $0.08x$ $0.84x+660-x$ = $0.08x$ $⇒0.24x$ = 660 $\therefore x$ = $\frac{660}{0.24}$ = INR 2750 Profit = 12% of 2750 = INR 330 Selling price = cost price + profit = 2,750 + 330 = INR 3,080 Hence, the correct answer is INR 3,080.
Application | Eligibility | Selection Process | Result | Cutoff | Admit Card | Preparation Tips
Question : A person sold an article at a loss of 16%. Had he sold it for Rs. 660 more, he would have gained 8%. If the article is sold at Rs. 3,080, then how much profit percentage is gained?
Option 1: 10%
Option 2: 15%
Option 3: 20%
Option 4: 12%
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 INR 1,000 more, he would have made a profit of 40%. The cost price of the article (in INR) is:
Option 1: 50,000
Option 2: 60,000
Option 3: 40,000
Option 4: 25,000
Question : A person sold two cars for INR 60,000 each. On one, he gained 20% while on the other he lost 20%. Find the percentage of his gain or loss.
Option 1: Gain 4%
Option 2: Loss 4%
Option 3: Loss 2%
Option 4: No profit and no loss
Question : A person sold a chair at a profit of 13%. Had he sold it for INR 607.50 more, he would have gained $x$%. If the cost price of the chair is INR 3750, then the value of $x$ is:
Option 1: 30
Option 2: 32
Option 3: 28.4
Option 4: 29.2
Question : An article was sold at a loss of 13.5%. If it was sold for INR 1,104 more, then there would have been a profit of 9.5%. The cost price of the article was:
Option 1: INR 4,600
Option 2: INR 4,800
Option 3: INR 4,400
Option 4: INR 4,200
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile