A vendor buys lemons at 5 for Rs. 14 and sells them at 3 for Rs. 12. Find the profit percentage. MCQ with Answer and Explanation

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A vendor buys lemons at 5 for Rs. 14 and sells them at 3 for Rs. 12. Find the profit percentage.

A. 60%

B. 33.33%

C. 42.85%

D. 50%

Answer: Option C

Solution (By JKSSB Mock Tests)

CP of 15 lemons = 14 * 3 = 42. SP of 15 lemons = 12 * 5 = 60. Profit = 18. Profit % = (18 / 42) * 100 = (3/7) * 100 = 42.85%.

This question belongs to: Maths Profit And Loss

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Question #1

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If the cost price of an article is Rs. 560 and it is sold at a profit of 12.5%, what is the selling price?

A. Rs. 640

B. Rs. 620

C. Rs. 630

D. Rs. 650

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Correct Answer: Option C

Explanation:
SP = 560 * 1.125 = 630.

This question belongs to: Maths Profit And Loss

Question #2

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By selling 12 items for Rs. 60, a man loses 25%. How many items must he sell for Rs. 100 to gain 25%?

A. 15

B. 16

C. 12

D. 10

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Correct Answer: Option C

Explanation:
Selling Price of 12 items = 60. Selling Price of 1 item = 5. Cost Price of 1 item = 5 / 0.75 = 20 / 3. Desired Selling Price for 25% profit = (20 / 3) * 1.25 = 25 / 3. Number of items for Rs. 100 = 100 / (25 / 3) = 12 items.

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Question #3

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A fruit vendor buys 5 apples for Rs. 4 and sells 4 apples for Rs. 5. What is his profit percentage?

A. 40%

B. 50.5%

C. 56.25%

D. 45%

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Correct Answer: Option C

Explanation:
Buy 20 apples for 16. Sell 20 apples for 25. Profit = 25 - 16 = 9. Profit percentage = (9 / 16) * 100 = 56.25%.

This question belongs to: Maths Profit And Loss

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