By selling 45 lemons for Rs. 40, a man loses 20%. How many should he sell for Rs. 24 to gain 20%? MCQ with Answer and Explanation

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By selling 45 lemons for Rs. 40, a man loses 20%. How many should he sell for Rs. 24 to gain 20%?

A. 18

B. 16

C. 22

D. 20

Answer: Option A

Solution (By JKSSB Mock Tests)

Selling Price of 45 lemons = 40. Cost Price of 45 lemons = 40 / 0.80 = 50. Desired Selling Price for 45 lemons for 20% profit = 50 * 1.20 = 60. To get Rs. 60, he sells 45 lemons. To get Rs. 24, he must sell (45 / 60) * 24 = 18 lemons.

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. 420 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 500

B. Rs. 490

C. Rs. 470

D. Rs. 483

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Correct Answer: Option D

Explanation:
SP = 420 * 1.15 = 483.

This question belongs to: Maths Profit And Loss

Question #2

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A trader marked his goods at 20% above the cost price and sold them. In weighing, he gave 900g for 1kg. What is his total gain percentage?

A. 40%

B. 33.33%

C. 25%

D. 30%

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Correct Answer: Option B

Explanation:
Cost Price of 900g = 900. Selling Price charged for 1000g + 20% markup = 1200. Profit = 1200 - 900 = 300. Profit percentage = (300 / 900) * 100 = 33.33%.

This question belongs to: Maths Profit And Loss