Question : If 60 chairs are bought for Rs. 24,560, then how many chairs must be sold for Rs. 24,560 to earn a profit of 20 percent?
Option 1: 50
Option 2: 30
Option 3: 60
Option 4: 40
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Correct Answer: 50
Solution : Cost price of 60 chairs = Rs. 24,560 Cost price of a chair = Rs. $\frac{24560}{60}$ Selling price of a chair after 20% profit = $\frac{24560}{60}\times \frac{120}{100} = \frac{24560}{50}$ Number of chairs sold in Rs. 24,560 =$\frac{24560}{\frac{24560}{50}}=50$ Hence, the correct answer is 50.
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Question : Vinay sells an article at a profit of 20%. If both the cost price and selling price are reduced by Rs. 20, then the profit becomes 40%. What is the initial cost price?
Option 1: Rs. 80
Option 2: Rs. 60
Option 3: Rs. 50
Option 4: Rs. 40
Question : An article was sold at a profit of 12%. If the cost price is 10% less and the selling price would be Rs. 5.75 more, there would be a profit of 30%. Then at what price it should be sold to make a profit of 20%?
Option 1: Rs. 115
Option 2: Rs. 120
Option 3: Rs. 138
Option 4: Rs. 215
Question : A milk merchant buys 30 litres of milk at the rate of Rs. 50 per litre and mixes 20 litres of water in it (water is free of cost). If he sells this mixture at the rate of Rs. 48 per litre, then what is the profit percentage?
Option 1: 50 percent
Option 2: 60 percent
Option 3: 40 percent
Option 4: 66.66 percent
Question : A table is sold at Rs 1800 at a loss of 10%. At what price should it be sold to earn a profit of 15%?
Option 1: Rs. 2070
Option 2: Rs. 1890
Option 3: Rs. 2000
Option 4: Rs. 2300
Question : A shopkeeper sells a table at a discount of 20% and earns a profit of 60%. If he sells the same table at a 40% discount, then what will be his new profit percentage?
Option 1: 20
Option 3: 35
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