Question : Ramesh incurred a loss of 10% after selling a phone. If he had sold the phone for INR 1,260 more, then he would have made a profit of 5%. What is the cost price of the phone?
Option 1: INR 8,600
Option 2: INR 8,000
Option 3: INR 9,000
Option 4: INR 8,400
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Correct Answer: INR 8,400
Solution : Given: Ramesh incurred a loss of 10% after selling a phone. Let the cost price of the phone be INR $x$. Selling price = Cost price + Profit The selling price of the phone = $x$ – 10% of $x$. ⇒ $x-0.1x=0.9x$ If he had sold the phone for INR 1,260 more, then he would have made a profit of 5%. ⇒ Profit = 5% of $x$ = $0.05x$ The selling price of the phone = $0.9x+ 1260$ So, $x+0.05x=0.9x+1260$ ⇒ $0.15x=1260$ ⇒ $x=\frac{1260}{0.15}$ ⇒ $x=$ INR 8,400 Hence, the correct answer is INR 8,400.
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Question : A person bought an article and sold it at a loss of 10%. If he had bought it for 30% less price and sold it for INR 90 more, then he would have earned a profit of 35%. What is the cost price of the article?
Option 1: INR 2400
Option 2: INR 2000
Option 3: INR 2100
Option 4: INR 2200
Question : The profit earned when a painting is sold for INR 1,200 is 15 times the loss incurred when it is sold for INR 240. At what price should the painting be sold to make a profit of 40%?
Option 1: INR 300
Option 2: INR 480
Option 3: INR 420
Option 4: INR 360
Question : Anusha purchased a television and a camera for INR 12,000 and INR 8,000, respectively. She sold the television at a loss of 10 percent, and the camera at a profit of 12 percent. What was her overall loss/profit?
Option 1: INR 240 profit
Option 2: INR 450 loss
Option 3: INR 240 loss
Option 4: INR 450 profit
Question : X sold a toy to Y at a profit of 50% and Y sold it to Z at a loss of 50%. If X purchased this toy for INR 12,000, then at what price did Z purchase this toy from Y?
Option 1: INR 7,580
Option 2: INR 8,500
Option 3: INR 8,000
Option 4: INR 9,000
Question : The selling price of a book is INR 855. If the loss incurred through the sale is 10%, then what is the nominal amount of loss incurred?
Option 1: INR 85
Option 2: INR 90.5
Option 3: INR 85.5
Option 4: INR 95
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