Question : By selling an article at Rs. 425, a shopkeeper had a loss of 15%. At what price should be sell the article to make a profit of 20%?
Option 1: Rs. 800
Option 2: Rs. 1000
Option 3: Rs. 400
Option 4: Rs. 600
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Correct Answer: Rs. 600
Solution : If the shopkeeper sold the article for Rs. 425 and incurred a loss of 15%, it means that Rs. 425 represents 85% (100% – 15%) of the cost price. Let the cost price as C. ⇒ 425 = 0.85 × C To make a profit of 20%, the shopkeeper should sell the article at 120% of the cost price. The selling price for a 20% profit = 1.20 × C = $\frac{1.20 × 425}{0.85}$ = Rs. 600 Hence, the correct answer is Rs. 600.
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Question : A shopkeeper sells an article at 20 percent profit. If he had bought it at a 10 percent less price and sold it for Rs. 48 less, then he would have earned a profit of 20 percent. What is the cost price of the article?
Option 1: Rs. 460
Option 2: Rs. 520
Option 3: Rs. 340
Option 4: Rs. 400
Question : The profit obtained on selling an article for Rs. 600 is equal to the loss incurred on selling the same article for Rs. 400. If the selling price is Rs. 750, then what is the profit percentage?
Option 1: 80%
Option 2: 50%
Option 3: 70%
Option 4: 60%
Question : By selling a fan for Rs. 600, a man loses 10%. To make a gain of 20%, the selling price of the fan should be:
Option 1: Rs. 900
Option 3: Rs. 700
Option 4: Rs. 800
Question : An article is sold at a 5 percent loss. If its cost price is decreased by Rs. 20 and the selling price is increased by Rs. 13, then a profit of 10 percent is earned on it. What is the original selling price of the article?
Option 1: Rs 266.66
Option 2: Rs 221.66
Option 3: Rs 283.33
Option 4: Rs 250
Question : A shopkeeper sells a book at a loss of 60 percent. Had he sold the book for Rs. 150 more, then he would have suffered a loss of 30 percent. To earn a profit of 20 percent, what should be the selling price of the book?
Option 1: Rs. 650
Option 2: Rs. 600
Option 4: Rs. 550
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