Question : A trader buys 500 kg of cotton for INR 9,000. 10% of his cotton is spoiled due to rain. At what rate (INR/kg) should he sell the rest to earn 10% profit?
Option 1: 25
Option 2: 30
Option 3: 22
Option 4: 20
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Correct Answer: 22
Solution : The cost price of 500 kg of cotton = INR 9,000 Total profit = 10% of cost price = 10% of 9000 = INR 900 Total selling price = cost price + total profit = 9000 + 900 = INR 9,900 Remaining cotton = 500 – 10% of 500 = 90% of 500 = 450 kg Selling price per kg = $\frac{9900}{450}$ = INR 22 Hence, the correct answer is 22.
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Question : A rice trader buys 16 quintals of rice for INR 5,632. 20% of rice is lost in transportation. At what rate should he sell to earn a 25% profit?
Option 1: INR 225.2 per quintal
Option 2: INR 550 per quintal
Option 3: INR 440 per quintal
Option 4: INR 563.2 per quintal
Question : A shopkeeper purchases six small cold drink bottles for INR 100. For how much should he sell one such bottle to get a profit of 20%?
Option 1: INR 22
Option 2: INR 20
Option 3: INR 21
Option 4: INR 23
Question : A man bought 25 crates of oranges for INR 10,000. He lost five crates. In order to earn a total profit of 25% of the total cost, he would have to sell each of the remaining crates at:
Option 1: INR 650
Option 2: INR 625
Option 3: INR 600
Option 4: INR 575
Question : A shopkeeper bought a cycle for INR 1,200 and sold it for INR 1,500. Find his profit/loss percentage.
Option 1: 3% profit
Option 2: 15% profit
Option 3: 30% loss
Option 4: 25% profit
Question : The price of rice is decreased by 25% and therefore a person can purchase 30 kg more rice in the same expenditure. If the expenditure is INR 5,400, then what was the original price of rice per kg?
Option 1: INR 90 per kg
Option 2: INR 60 per kg
Option 3: INR 75 per kg
Option 4: INR 50 per kg
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