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

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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. 10

B. 16

C. 15

D. 12

Answer: Option D

Solution (By JKSSB Mock Tests)

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.

This question belongs to: Maths Profit And Loss

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Question #1

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A person sells an item for Rs. 540, gaining 12.5%. Find the cost price.

A. Rs. 460

B. Rs. 480

C. Rs. 520

D. Rs. 500

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Correct Answer: Option B

Explanation:
CP = 540 / 1.125 = 480.

This question belongs to: Maths Profit And Loss

Question #2

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A man sells an article at a profit of 12%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 290

B. Rs. 285

C. Rs. 275

D. Rs. 280

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Correct Answer: Option D

Explanation:
SP = 250*1.12 = 280.

This question belongs to: Maths Profit And Loss

Question #3

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A trader mixes 26 kg of wheat at Rs. 20/kg with 30 kg of wheat at Rs. 36/kg and sells the mixture at Rs. 30/kg. What is his profit percentage?

A. 5.6%

B. 6.25%

C. 5%

D. 4%

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Correct Answer: Option C

Explanation:
Total Cost Price = (26 * 20) + (30 * 36) = 520 + 1080 = 1600. Total quantity = 56 kg. Total Selling Price = 56 * 30 = 1680. Profit = 80. Profit percentage = (80 / 1600) * 100 = 5%.

This question belongs to: Maths Profit And Loss

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