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. 15

B. 12

C. 10

D. 16

Answer: Option B

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 shopkeeper marks his goods at 20% above the cost price and allows a discount of 10%. What is his net profit percentage?

A. 15%

B. 8%

C. 12%

D. 10%

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Correct Answer: Option B

Explanation:
Let Cost Price = 100. Marked Price = 120. Selling Price after 10% discount = 120 * 0.90 = 108. Profit = 108 - 100 = 8. Net profit percentage = 8%.

This question belongs to: Maths Profit And Loss