Question : A watch is purchased for INR 3,200 and sold for INR 2,700. Calculate the percentage loss up to two places of decimal.
Option 1: 15.18%
Option 2: 15.62%
Option 3: 16.12%
Option 4: 16.50%
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Correct Answer: 15.62%
Solution : Cost Price = INR 3,200 Selling Price = INR 2,700 Loss = Cost Price – Selling Price = 3,200 – 2,700 = INR 500 Loss % = $\frac{\text{Loss}}{\text{Cost Price}}×100$ = $\frac{500}{3200}×100$ = 15.625% Hence, the correct answer is 15.62%.
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Question : A table was bought for INR 3,000 and sold for INR 3,200. Find the gain or loss in terms of money.
Option 1: Gain INR 200
Option 2: Loss INR 200
Option 3: Gain INR 100
Option 4: Loss INR 150
Question : A cap having a marked price of INR 90 is sold for INR 68. What is the percentage rate of discount (correct up to two decimal places)?
Option 1: 24.44%
Option 2: 25.37%
Option 3: 22.00%
Option 4: 23.22%
Question : Mona purchased two sets of jewellery for INR 4,000 each. She sold these sets of jewellery, gaining 8% on one and losing 6% on the other. Calculate her total loss or gain in this whole transaction.
Option 1: INR 120 gain
Option 2: INR 80 gain
Option 3: INR 80 loss
Option 4: INR 120 loss
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 : A dealer sold an article at a loss of 2%. Had he sold it for INR 44 more, he would have gained 20%. Find the cost price of the article.
Option 1: INR 250
Option 2: INR 300
Option 3: INR 400
Option 4: INR 200
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