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Answer: Explanation

Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on repairs. He then sells it for Rs. 5800. His gain percentage is calculated as 5.5%.

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Somendra Pratap Singh
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50 views3 pages

Answer: Explanation

Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on repairs. He then sells it for Rs. 5800. His gain percentage is calculated as 5.5%.

Uploaded by

Somendra Pratap Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs.

If he sells the scooter for


Rs. 5800, his gain percent is:

A.
C.

10%

D.

B.

11

12%

Answer: Option B
Explanation:
Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.
Selling Price (S.P.) = Rs. 5800.
Gain = (S.P.) - (C.P.) = Rs.(5800 - 5500) = Rs. 300.
300

Gain % =

5500

x 100

=5

5
11

2.
The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then
the value of x is:

A.

15

B.

16

C.

18

D.

25

Answer: Option B
Explanation:
Let C.P. of each article be Re. 1 C.P. of x articles = Rs. x.
S.P. of x articles = Rs. 20
Profit = Rs. (20 - x).
20 - x
x
2000 - 100x = 25x

x 100 = 25

125x = 2000
x = 16.

3.
If selling price is doubled, the profit triples. Find the profit percent.
2

66

A.

3
1

105

C.

B.

100

D.

120

Answer & Explanation

Answer: Option B
Explanation:
Let C.P. be Rs. x and S.P. be Rs. y.
Then, 3(y - x) = (2y - x)

y = 2x.

Profit = Rs. (y - x) = Rs. (2x - x) = Rs. x.

Profit % =

x 100

% = 100%

4.
In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price
remains constant, approximately what percentage of the selling price is the profit?

A.

30%

B.

70%

C.

100%

D.

250%

Answer & Explanation

Answer: Option B
Explanation:
Let C.P.= Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420.

New C.P. = 125% of Rs. 100 = Rs. 125


New S.P. = Rs. 420.
Profit = Rs. (420 - 125) = Rs. 295.

Required percentage =

295
420

x 100

1475

21

% = 70% (approximately).

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5.
A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A.

B.

C.

D.

Answer & Explanation

Answer: Option C
Explanation:
C.P. of 6 toffees = Re. 1
6

S.P. of 6 toffees = 120% of Re. 1 = Rs.


For Rs.

6
5
For Re. 1, toffees sold =

, toffees sold = 6.
6x

5
6

= 5.

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