By selling a product for Rs. 425, a man loses 15%. To gain 5%, at what price should he sell? MCQ with Answer and Explanation

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By selling a product for Rs. 425, a man loses 15%. To gain 5%, at what price should he sell?

A. Rs. 500

B. Rs. 475

C. Rs. 525

D. Rs. 550

Answer: Option C

Solution (By JKSSB Mock Tests)

Cost Price = 425 / 0.85 = 500. Selling Price for 5% gain = 500 * 1.05 = 525.

This question belongs to: Maths Profit And Loss

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Question #1

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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. 50.5%

B. 56.25%

C. 40%

D. 45%

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Correct Answer: Option B

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

Question #2

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A man sells an item for Rs. 450, gaining 12.5%. What is the cost price?

A. Rs. 400

B. Rs. 380

C. Rs. 410

D. Rs. 420

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Correct Answer: Option A

Explanation:
CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #3

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The marked price of an article is Rs. 1200. If the discount given is 15%, what is the selling price?

A. Rs. 1020

B. Rs. 1000

C. Rs. 1050

D. Rs. 1080

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Correct Answer: Option A

Explanation:
SP = 1200*0.85 = 1020.

This question belongs to: Maths Profit And Loss

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