A man buys 100 oranges for Rs. 400. 20 oranges are rotten and thrown away. At what rate per dozen should he sell the remaining oranges to gain 20% on the whole transaction? MCQ with Answer and Explanation

A man buys 100 oranges for Rs. 400. 20 oranges are rotten and thrown away. At what rate per dozen should he sell the remaining oranges to gain 20% on the whole transaction?
A. Rs. 60
B. Rs. 80
C. Rs. 72
D. Rs. 64
Answer: Option C
Solution (By JKSSB Mock Tests)
Total Cost Price = 400. Desired Total Selling Price = 400 * 1.20 = 480. Remaining oranges = 80. Selling Price per orange = 480 / 80 = 6. Selling Price per dozen = 6 * 12 = 72.

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Practice More Profit And Loss Questions

Question #1
If the cost price of 5 articles is equal to the selling price of 4 articles, find the gain percent.
A. 25%
B. 15%
C. 20%
D. 30%

Correct Answer: Option A


Explanation:
Let CP of 1 = 1, CP of 5 = 5, SP of 4 = 5 => SP of 1 = 5/4 = 1.25, gain = 25%.

This question belongs to: Maths Profit And Loss
Question #2
A person sells an article at a loss of 8%. If the selling price is Rs. 460, find the cost price.
A. Rs. 480
B. Rs. 520
C. Rs. 490
D. Rs. 500

Correct Answer: Option D


Explanation:
SP = 92% of CP => CP = 460 / 0.92 = 500.

This question belongs to: Maths Profit And Loss
Question #3
A person bought a chair for Rs. 800 and sold it for Rs. 640. What is the loss percentage?
A. 20%
B. 15%
C. 30%
D. 25%

Correct Answer: Option A


Explanation:
Loss = 160, loss% = 160/800*100 = 20%.

This question belongs to: Maths Profit And Loss