Question : By selling a bag for Rs. 230, a profit of 15% is made. The selling price of the bag, when sold at 20% profit, would be:
Option 1: Rs. 250
Option 2: Rs. 205
Option 3: Rs. 240
Option 4: Rs. 200
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Correct Answer: Rs. 240
Solution : Let the Cost price (CP) be Rs. $x$. Selling price (SP) of the bag = Rs. 230 and profit = 15% SP = $\frac{100 +\text{Profit %}}{100}$ × CP = 230 ⇒ $\frac{115x}{100}$ = 230 ⇒ $x$ = $\frac{230}{115}$ × 100 ⇒ $x$ = 200 For a profit of 20%, The new selling price of the bag = $\frac{100+20}{100}$ × 200 = $\frac{120}{100}$ × 200 = Rs. 240 Hence, the correct answer is Rs. 240.
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Question : Sita sold a whiteboard marker set at 10% profit. On selling it for Rs. 20 more, she would have earned a profit of 15%. What is the cost price of the whiteboard marker set?
Option 1: Rs. 300
Option 2: Rs. 350
Option 3: Rs. 450
Option 4: Rs. 400
Question : Ramesh sold a book at a loss of 30%. If he had sold it for Rs. 140 more, he would have made a profit of 40%. The cost price of the book is:
Option 1: Rs. 280
Option 2: Rs. 200
Option 3: Rs. 260
Option 4: Rs. 300
Question : A watch is sold at a profit of 25%. Had it been sold for Rs.120 less then, there would have been a loss of 15%. What is the cost price in rupees?
Option 1: Rs. 400
Option 3: Rs. 200
Question : A trader sold a cycle at a loss of 10%. If the selling price had been increased by Rs. 200, there would have been a gain of 6%. The cost price of the cycle is:
Option 1: Rs. 1200
Option 2: Rs. 1205
Option 3: Rs. 1250
Option 4: Rs. 1275
Question : A horse was sold for Rs. 60,000 at a profit of 20%. For what price should he have sold to gain a 30% profit?
Option 1: Rs. 64,000
Option 2: Rs. 65,000
Option 3: Rs. 50,000
Option 4: Rs. 55,000
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