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6.
Due to stiff competition and slump in demand a man sells an article at a loss of 5% for Rs 38. If he increases the selling price to Rs 44, what is his percentage of gain?
  • A.
    9%
  • C.
    10%
  • B.
    18%
  • D.
    13%
  • Answer & Explanation
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Answer : [A]
Explanation :
Selling Price = Rs. 12,500; Loss = Rs. 2,500
Hence, CP = Sp + loss = 15000
So, loss per cent =  
2500
15000
  x 100 = 16.66 per cent  
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7.
Mr. Nikil sells his new music system for Rs. 12,500 incurring a loss of Rs. 2,500, because he was going abroad. What is the loss percentage?
  • A.
    16.66
  • C.
    18.88
  • B.
    14.16
  • D.
    12.36
  • Answer & Explanation
  • Report
Answer : [A]
Explanation :
Selling Price = Rs. 12,500; Loss = Rs. 2,500
Hence, CP = Sp + loss = 15000
So, loss per cent =  
2500
15000
  x 100 = 16.66 per cent  
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8.
An off-season discount of x percent is being offered at the discount store. An additional 12.5 per cent discount is given if the value of purchase is more than Rs. 500. After the discount, a person pays Rs. 525 for a jeans whose list price is Rs 750. What is x?
  • A.
    20
  • C.
    24
  • B.
    30
  • D.
    22
  • Answer & Explanation
  • Report
Answer : [A]
Explanation :
We can solve the problem by applying the formula a = b +
ab
100
 
The net discount = 30 per cent. (List price = Rs. 750; selling Price = Rs. 525)
So, x + 12.5 -
12.5x
100
 = 30. Solving for x , we get x = 20
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9.
A cloth dealer professes to sell cotton at cost price, but uses a metre having a length of 80 cm only and charges for the metre. Find his gain per cent.
  • A.
    25%
  • C.
    40%
  • B.
    30%
  • D.
    None of these
  • Answer & Explanation
  • Report
Answer : [A]
Explanation :
True measure = 100 cm.
False measure = 80 cm. Also, x = 0.
 
  Overall gain % is given by  
 
100 + g
100 + x
=
True measure
False measure
   
 
 
100 + g
100
=
100
80
   
 
100 + g = 
100 x 100
80
   
 
g = 
1000
8
 - 100 = 25%  
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10.
A man bought a number of bananas at 5 for a rupee and an equal number at 8 for a rupee. At what price per dozen should he sell them together to make a profit of 25% (approximately)?
  • A.
    2.45
  • C.
    2.99
  • B.
    2.56
  • D.
    2.18
  • Answer & Explanation
  • Report
Answer : [A]
Explanation :
The CP of first variety of bananas = 5 for Re 1
 
  CP of 1 dozen =
12
5
 
The CP of second variety of  bananas = 8 for Re 1
 
  CP of 1 dozen =
12
8
 
CP of two dozens =
12
5
+
12
8
 = Rs
156
40
 
SP of 2 dozens =
156
40
x
125
100
=
39
8
 
SP of 1 dozen =
39
8 x 2
 = Rs 2.45  
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