Question : The cost price of a notebook is INR 120. It is sold at a profit of 40%. What is the nominal profit made on the sale of each notebook?
Option 1: INR 36
Option 2: INR 48
Option 3: INR 24
Option 4: INR 40
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Correct Answer: INR 48
Solution : Cost price of a notebook = INR 120 Profit percentage = 40% Selling price = $\frac{100 + \text{Profit percentage}}{100}\times$ Cost price = $\frac{100+40}{100}\times120$ = $\frac{140}{100}\times120$ = INR 168 Nominal profit made on the sale of each notebook = Selling Price – Cost Price So, the nominal profit = 168 – 120 = INR 48 Hence, the correct answer is INR 48.
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Question : A shopkeeper sold 24 shirts, each at a profit of 20% and 16 shirts, each at a profit of 10%. If he had sold all 40 shirts, each at a profit of 15%, then his overall profit would have been reduced by INR 36. What is the cost price of each shirt?
Option 1: INR 100
Option 2: INR 220
Option 3: INR 90
Option 4: INR 150
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 : Rahul sold a box for INR 1,440 at a loss of 40%. What should the selling price of the box be to enable Rahul to earn a profit of 40%?
Option 1: INR 2,592
Option 2: INR 3,480
Option 3: INR 3,120
Option 4: INR 3,360
Question : A helmet is sold for INR 1,650 at a profit of 10%. If the selling price is INR 2,100, then what will be the profit percentage?
Option 1: 30%
Option 2: 25%
Option 3: 40%
Option 4: 60%
Question : If an article is sold at a 6% profit instead of a 6% loss, the seller gets INR 60.72 more. Find the Cost price of the article.
Option 1: INR 506
Option 2: INR 606
Option 3: INR 572
Option 4: INR 672
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