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
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Correct Answer: 20% gain
Solution : Selling Price = INR 2,000 Loss = 20% of Cost Price Selling Price = 80% of Cost Price 2,000 = $\frac{80}{100}$ × Cost Price Cost Price = $\frac{2000}{0.8}$ = 2500 Selling Price = INR 3,000 Here SP > CP So, it's a profit. Profit = 3000 – 2500 = INR 500 Profit% = $\frac{500}{2500}×100$ = 20% Hence, the correct answer is 20% gain.
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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 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 : 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
Question : A shopkeeper gains 20% in place of a 16% loss if the selling price of an article is increased by INR 324. The cost price of the article is:
Option 1: INR 900
Option 2: INR 750
Option 3: INR 1,350
Option 4: INR 60
Question : A shopkeeper purchases six small cold drink bottles for INR 100. For how much should he sell one such bottle to get a profit of 20%?
Option 1: INR 22
Option 2: INR 20
Option 3: INR 21
Option 4: INR 23
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