Question : By selling 90 pens for INR 80, a man loses 20%. What should be the selling price (in INR) of 90 pens for 20% profit?
Option 1: 90
Option 2: 100
Option 3: 110
Option 4: 120
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Correct Answer: 120
Solution : Loss = 20% of cost price when the selling price of 90 pens is INR 80 Selling price = Cost price – Loss ⇒ INR 80 = cost price – 20% of cost price ⇒ INR 80 = 80% of cost price ⇒ Cost price = INR 100 Now, profit = 20% of cost price = INR 20 So, new selling price = cost price + profit = INR 100 + INR 20 = INR 120 Hence, the correct answer is 120.
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Question : A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be:
Option 1: 40%
Option 2: 100%
Option 3: 120%
Option 4: 140%
Question : The cost price of an article is INR 2,800. Profit as a percentage of the selling price is 20%. What is the actual profit (in INR)?
Option 1: INR 616
Option 2: INR 504
Option 3: INR 700
Option 4: INR 560
Question : A person sells an article for a loss of 18%. If he increases the selling price by INR 144 and decreases the cost price by 30%, then there is a profit of 20%. What is the original selling price?
Option 1: INR 5,068
Option 2: INR 6,036
Option 3: INR 5,904
Option 4: INR 6,124
Question : By selling a watch for INR 2,000, a shopkeeper loses 20%. How much would he gain or lose by selling it for INR 3,000?
Option 1: 20% gain
Option 2: 25% gain
Option 3: 15% loss
Option 4: 25% loss
Question : An article is sold at a 25% loss. If its cost price is doubled and the selling price is increased by INR 660, then there is a profit of 20%. What is the original cost price of the article?
Option 1: INR 480
Option 2: INR 500
Option 3: INR 400
Option 4: INR 360
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