Question : A shopkeeper blends two varieties of tea costing Rs. 18 and Rs. 13 per 100 gm in a ratio of 7 : 3. He sells the blended variety at the rate of Rs. 18.15 per 100 gm. His percentage gain in the transaction is:
Option 1: 10%
Option 2:
12%
Option 3:
14%
Option 4:
8%
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Correct Answer: 10%
Solution : The cost price of Rs. 18 and Rs. 13 tea is $\frac{7}{7+3}×18+\frac{3}{7+3}×13=\frac{165}{10}=16.5$ He sells the blended variety at the rate of Rs.18.15 per 100 gm. Profit = 18.15 – 16.5 = Rs. 1.65 Profit percentage $=\frac{1.65}{16.5}×100=10$% Hence, the correct answer is 10%.
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Question : A blended tea in a barrel contains Assam, Darjeeling, and Nilgiri Hills in a ratio of 2 : 3 : 1. Another barrel contains Darjeeling, Nilgiri Hills and Kangra Valley in a ratio 5 : 4 : 3. If equal weights of both blended teas are mixed together to make a new brand, then the weight of Kangra Valley tea per kilogram in the new brand is:
Option 1: 500 gm
Option 2: 100 gm
Option 3: 250 gm
Option 4: 125 gm
Question : 70% of the cost price of an article is equal to 40% of its selling price. What is the profit or loss percent?
Option 1: 63% loss
70% loss
75% profit
80% profit
Question : The cost of manufacturing a tape recorder is Rs. 1500. The manufacturer fixes the marked price 20% above the cost of manufacture and allows a discount in such a way as to get a profit of 8%. The rate of discount is:
Option 1: 12%
20%
10%
Question : A shopkeeper sells dried apricots at the rate of Rs. 1210 per kg and bears a loss of 12%. Now if he decides to sell it at Rs. 1331 per kg, what will be the result?
Option 1: 6.4 percent loss
Option 2: 3.2 percent gain
Option 3: 6.4 percent gain
Option 4: 3.2 percent loss
Question : Mohan purchased a bag with a 20% discount on the labelled price. He sold it at a 40% profit on the price he bought. The percentage of profit on the labelled price is:
Option 1: 20%
18%
24%
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