Video Explanation

Q1. A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%

1. Rs 8.81

2. Rs 9.81

3. Rs 10.81

4. Rs 11.81

5. None of these

Answer & Explanation

Answer:- 4

Explanation :-

SP= 9 ( i.e. 80% of CP)

New SP (Having profit of 5%) = (9/80) * 105

=> Rs. 11.81

Q2. A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400

1. 4%

2. 5%

3. 6%

4. 7%

5. None of these

Answer & Explanation

Answer:- 4

Explanation :-

Profit = SP – CP = 2564.36 – 2400=164.36

Profit %age = (164.36*100/2400) = 6.84 % = 7% approx

Q3. A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be.

1. 130%

2. 140%

3. 150%

4. 160%

5. None of these

Answer & Explanation

Answer:- 2

Explanation :-

Let’s suppose CP=100 ,

Therefore , SP=120

New SP after Doubling the price=120*2=240

Profit =240 – 100= 140

Q4. If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?

1. 12%

2. 30%

3. 50%

4. 60%

5. None of these

Answer & Explanation

Answer:- 3

Explanation :-

Lets suppose CP of 1 pen =Rupee 1

Therefore,

CP of 8 pens = Re 8 & CP of 12 pens = Re12

Selling price of 8 pens = 12

Profit = SP(8 pens) – CP(8 pens)=12-8=4

Profir %age = (4/8)*100 = 50%

Q5. A fruit seller had some apples. He sells 40% apples and still has 420 apples. Originally, he had:

1. 588 apples

2. 600 apples

3. 672 apples

4. 700 apples

5. None of These

Answer:- 4

Explanation :-

Sold Apples = 40% o total apples

Remaining Apples = 60% of total Apples

60% of total apples = 420

Total apples = (420/60)*100=700 Apples

Video Explanation