Question : If a craftsman were to sell a table at INR 1,300, he would lose 35%. To gain 30%, he would sell it for:
Option 1: INR 2,600
Option 2: INR 2,500
Option 3: INR 2,300
Option 4: INR 2,400
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Correct Answer: INR 2,600
Solution : Given: If the craftsman sells the table for INR 1,300 and incurs a loss of 35%, it means that 65% (100% - 35%) of the cost price is INR 1,300. Let the cost price be CP. 65% of CP = INR 1,300 Now, to gain 30%, the craftsman should sell the table for 130% of the cost price. The selling price (SP) to gain 30%. SP = 130% of CP = 2 × 1300 = INR 2,600 Hence, the correct answer is INR 2,600.
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Question : A person purchased ten boxes of grapes for INR 2,000 per box. Each box contained 20 kgs of grapes. He sold each box at the rate of INR 2,500 per box. But on the whole, 10 kgs of grapes were damaged. Further, he paid INR 1,000 as transport charges. Find his gain or loss.
Option 1: Gain INR 2,050
Option 2: Loss INR 1,000
Option 3: Gain INR 2,750
Option 4: Loss INR 1,500
Question : What is the present value of the sum if the interest compounded at the rate of 18% per annum for two years is 981?
Option 1: INR 2,800
Option 3: INR 3,600
Question : A certain sum was to be divided between A and B in the ratio 8 : 5. However, by mistake, it was divided in the ratio 5 : 8. Thus, A gets INR 300 less than his original share. Find the sum.
Option 2: INR 1,500
Option 3: INR 1,300
Option 4: INR 600
Question : A sells a television to B for INR 4,860, thereby losing 19%. B sells it to C at a price which would have given A a 17% profit. Find the gain of B.
Option 1: INR 4,160
Option 2: INR 2,160
Option 3: INR 3,160
Option 4: INR 1,160
Question : Sourabh purchased an article for INR 48,000 and sold it at a loss of 12%. With that amount, she purchased another item and sold it at a gain of 20%. What is the overall gain or loss in INR?
Option 1: INR 2,688 loss
Option 2: INR 14,208 loss
Option 3: INR 2,688 gain
Option 4: INR 14,208 gain
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