Question : Ramesh sells an article at a loss of 20%. If he buys it for 30% less price and sells it for INR 36 less price, then his profit will be 10%. What is the cost price of the article?
Option 1: 1000
Option 2: 1200
Option 3: 900
Option 4: 1500
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Correct Answer: 1200
Solution : Let the cost price of an article be $100x$. Loss = 20% of cost price = $20x$ Selling price = cost price – loss = $100x-20x = 80x$ New cost price = $100x - 30\%$ of $100x = 100x-30x = 70x$ Profit = 10% of cost price = $\frac{10}{100}×70x = 7x$ New selling price = cost price + profit $=70x+7x=77x$ $77x = 80x - 36$ $⇒3x = 36$ $⇒x = \frac{36}{3} = 12$ $\therefore$ Cost price = 12 × 100 = INR 1200 Hence, the correct answer is 1200.
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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 : A trader sells an article at 20% profit. If he buys it at half of the cost price and sells at the same selling price as before, then what will be the profit percentage?
Option 1: 50%
Option 2: 150%
Option 3: 100%
Option 4: 140%
Question : A shopkeeper sells an article at 20 percent profit. If he had bought it at a 10 percent less price and sold it for Rs. 48 less, then he would have earned a profit of 20 percent. What is the cost price of the article?
Option 1: Rs. 460
Option 2: Rs. 520
Option 3: Rs. 340
Option 4: Rs. 400
Question : While selling an article for INR 8,442, a person suffered a loss of 30%. At what price he should have sold the article to earn a profit of 20%?
Option 1: INR 15,686
Option 2: INR 14,472
Option 3: INR 12,806
Option 4: INR 13,885
Question : A shopkeeper buys pencils from a wholesaler at Rs. 20 for 40 pencils. He sells those pencils at Rs. 20 for 20 pencils. What was his profit or loss percentage?
Option 1: 50% Profit
Option 2: 80% Loss
Option 3: 100% Profit
Option 4: 20% loss
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