Question : By selling a tape recorder for Rs. 1040, a man gains 4%. If he sells it for Rs. 950, his loss will be:
Option 1: 5%
Option 2: 4%
Option 3: 4.5%
Option 4: 9%
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Correct Answer: 5%
Solution : Let the cost price (CP) be Rs. $x$. The selling price of the tape recorder is Rs. 1040. The selling price is equal to 104% of $x$. Selling price = $\frac{104x}{100}$ = Rs. 1040 Cost price ($x$) = $\frac{1040\times 100}{104}=1000$ If it is sold for Rs. 950, there is a loss of Rs. 50. So, loss % $=\frac{\text{Loss}}{\text{CP}}× 100 = \frac{50}{1000} ×100 =5\%$ Hence, the correct answer is 5%.
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Question : A man sells two articles at Rs. 9,975 each. He gains 5% on one article and loses 5% on the other. Find his overall gain or loss.
Option 1: Loss Rs. 60
Option 2: Profit Rs. 50
Option 3: Profit Rs. 60
Option 4: Loss Rs. 50
Question : A man lost 15% by selling a mobile for Rs. 4,675. What will be his gain percentage by selling it for Rs. 6,050?
Option 1: 10.5%
Option 2: 9.5%
Option 3: 9%
Option 4: 10%
Question : A man purchased some oranges at the rate of 3 for Rs. 40 and the same quantity at 5 for Rs. 60. If he sells all the oranges at the rate of 3 for Rs. 50, find his gain or loss percentage (to the nearest integer).
Option 1: 32% profit
Option 2: 31% loss
Option 3: 34% loss
Option 4: 31% profit
Question : By selling an article for Rs. 33,000 a man gains 10%. To get a profit of 20%, he has to sell it for:
Option 1: Rs. 30,000
Option 2: Rs. 35,000
Option 3: Rs. 36,000
Option 4: Rs. 36,600
Question : A girl purchases 9 mangoes for Rs. 90 and sells 10 mangoes for Rs. 95. Find the gain or loss percentage.
Option 1: 2.5% loss
Option 2: 5% loss
Option 3: 2.5% gain
Option 4: 5% gain
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