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. 20

B. 18

C. 22

D. 16

Answer: Option B

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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A merchant marks his goods up by 50% and offers a discount of 20%. In addition, he gives 1 article free with every 4 articles bought. What is his net profit percentage?

A. No profit no loss

B. 4% profit

C. 4% loss

D. 5% profit

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Correct Answer: Option C

Explanation:
Let Cost Price of 1 article = 100. Cost Price of 5 articles = 500. Marked Price of 1 article = 150. Customer takes 5 articles but pays for 4. Selling Price of 4 articles = 4 * 150 * 0.80 = 480. Net Selling Price = 480. Net Cost Price = 500. Loss = 20. Loss percentage = (20 / 500) * 100 = 4%.

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Question #2

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Find the single discount equivalent to two successive discounts of 20% and 30%.

A. 46%

B. 56%

C. 44%

D. 50%

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Correct Answer: Option C

Explanation:
Equivalent discount = 20 + 30 - (20 * 30 / 100) = 50 - 6 = 44%.

This question belongs to: Maths Profit And Loss

Question #3

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The profit earned by selling an article for Rs. 900 is double the loss incurred when the same article is sold for Rs. 450. At what price should it be sold to make a 25% profit?

A. Rs. 800

B. Rs. 750

C. Rs. 900

D. Rs. 600

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Correct Answer: Option B

Explanation:
Let the cost price be CP. Profit = 900 - CP. Loss = CP - 450. Given: 900 - CP = 2 * (CP - 450). 900 - CP = 2CP - 900. 3CP = 1800, so CP = 600. For a 25% profit, Selling price = 1.25 * 600 = Rs. 750.

This question belongs to: Maths Profit And Loss

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