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 : By selling cloth at INR 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold to earn a profit of 15%.
Option 1: INR 11.20
Option 2: INR 11.30
Option 3: INR 11.40
Option 4: INR 11.50
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 man bought a watch for a 12% discount. If he had bought it for a 24% discount, he would have got the watch for INR 2400 less. The marked price of the watch is:
Option 1: INR 30,000
Option 2: INR 22,500
Option 3: INR 20,000
Option 4: INR 25,000
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