Question : If the selling price of 40 articles is equal to the cost price of 50 articles, the loss or gain percent is:
Option 1: 25% gain
Option 2: 20% gain
Option 3: 25% loss
Option 4: 20% loss
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Correct Answer: 25% gain
Solution : Let the cost price of each article be Re. 1. Selling price (SP) of 40 articles = cost price (CP) of 50 articles = Rs. 50 CP of 40 articles = Rs. 40 Profit on 40 articles = SP of 40 articles – CP of 40 articles = 50 – 40 = 10 Profit % =$\frac{\text {Profit}}{\text {Cost price}}\times 100 =\frac {10}{40}\times 100=25\%$ Hence, the correct answer is 25% gain.
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Question : In a medical transaction, 17 times the cost price is equal to 8 times the sum of the cost price and the selling price. What is the gain or loss percentage?
Option 1: Loss 15%
Option 2: Gain 17.5%
Option 3: Gain 12.5%
Option 4: Loss 30%
Question : If the cost price of 20 books is the same as the selling price of 25 books, then the loss percentage is:
Option 1: 20%
Option 2: 25%
Option 3: 22%
Option 4: 24%
Question : A dealer marks his goods at 20% above the cost price and allows a discount of 15% on the marked price. What is his gain or loss percentage?
Option 1: 4% gain
Option 2: 2% loss
Option 3: 2% gain
Option 4: 4% loss
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
Question : On selling 38 balls at INR 2,240, there is a loss equal to the cost price of 6 balls. The cost price of a ball is equal to:
Option 1: INR 80
Option 2: INR 70
Option 3: INR 60
Option 4: INR 50
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