Question : Raheem sells a machine for Rs. 48 lakhs at a loss. Had he sold it for Rs. 60 lakhs, his gain would have been 5 times the former loss. Find the cost price of the machine.
Option 1: Rs. 58 lakhs
Option 2: Rs. 69.6 lakhs
Option 3: Rs. 42 lakhs
Option 4: Rs. 50 lakhs
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Correct Answer: Rs. 50 lakhs
Solution : Given, Raheem sells a machine for Rs. 48 lakhs at a loss Had he sold it for Rs 60 lakhs, his gain would have been 5 times the former loss. Let the cost price be CP According to the question, 60 – CP = 5(CP – 48) ⇒ 6CP = 300 ⇒ CP = 50 Hence, the correct answer is Rs. 50 lakhs.
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Question : Raman sells a machine for Rs 39 lakhs at a loss. Had he sold it for Rs 49 lakhs, his gain would have been three times the loss. What is the cost price of the machine?
Option 1: Rs. 46.5 lakhs
Option 2: Rs. 62 lakhs
Option 3: Rs. 36.50 lakhs
Option 4: Rs. 41.50 lakhs
Question : The marked price of a school bag was INR 550. This price was 10% above the cost price. It was sold at a discount of 10% on the marked price. Find the gain or loss percentage.
Option 1: Loss 1%
Option 2: Loss 0.1%
Option 3: Gain 0.1%
Option 4: Gain 1%
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 is sold at a gain of 15%. Had it been sold for Rs. 27 more, the profit would have been 20%. The cost price of the article is:
Option 1: Rs. 500
Option 2: Rs. 700
Option 3: Rs. 540
Option 4: Rs. 545
Question : Manoj bought two TVs for Rs. 2280. He sold one at a loss of 20% and the other at a profit of 10%. If each TV was sold for the same price, then what is the cost price of the TV that was sold at a loss?
Option 1: Rs. 1380
Option 2: Rs. 1320
Option 3: Rs. 1050
Option 4: Rs. 1440
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