Question : Mihir buys a book for INR 625. However, because of a certain urgency, he sells it for INR 550. Find his loss percentage.
Option 1: 12%
Option 2: 14%
Option 3: 10%
Option 4: 15%
Correct Answer: 12%
Solution : We know, Loss percentage = $\frac{\text{Cost price−Selling price}}{\text{Cost price}}×100$ Given, Cost price = INR 625 and selling price = INR 550 $\therefore$ Loss percentage = $\frac{625−550}{625}×100=\frac{75}{625}×100=12\%$ Hence, the correct answer is 12%.
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Question : Ajay buys 18 oranges for INR 90 and sells 15 oranges for INR 105. Find the percentage of his gain.
Option 1: 35%
Option 2: 30%
Option 3: 25%
Option 4: 40%
Question : A trader buys an article at 80% of its marked price and sells it at a 10% discount on its marked price. His percentage profit is:
Option 1: $10 \frac{1}{2}$
Option 2: $10$
Option 3: $12 \frac{1}{2}$
Option 4: $15$
Question : A person sold two cars for INR 60,000 each. On one, he gained 20% while on the other he lost 20%. Find the percentage of his gain or loss.
Option 1: Gain 4%
Option 2: Loss 4%
Option 3: Loss 2%
Option 4: No profit and no loss
Question : A dealer sells his goods at a 10% loss on the cost price but uses 25% less weight. What is his profit percentage?
Option 2: 20%
Question : A shopkeeper sells his items using a faulty balance which measures 25% less. He then marks up his items 15% above the cost price. If he also gives a discount of 10%, then find his net profit percentage on 1 kg items.
Option 1: 32%
Option 2: 41%
Option 3: 44%
Option 4: 38%
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