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 : The percentage profit earned by selling an article for Rs. 2,000 is the same as the percentage loss incurred by selling the same article for Rs. 1,200. At what price should that article be sold to make a profit of 20%?
Option 1: 2,000
Option 2: 1,800
Option 3: 1,920
Option 4: 1,840
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