If a product is sold at Rs. 450, there is a loss of 10%. At what price should it be sold to gain 10%? MCQ with Answer and Explanation

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If a product is sold at Rs. 450, there is a loss of 10%. At what price should it be sold to gain 10%?

A. Rs. 550

B. Rs. 530

C. Rs. 500

D. Rs. 520

Answer: Option A

Solution (By JKSSB Mock Tests)

CP = 450/0.9 = 500. To gain 10%, SP = 500*1.1 = 550.

This question belongs to: Maths Profit And Loss

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Question #1

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A person buys 10 oranges for Rs. 20 and sells 8 oranges for Rs. 20. What is the profit or loss percentage?

A. Profit 20%

B. No profit no loss

C. Profit 25%

D. Loss 25%

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Correct Answer: Option C

Explanation:
CP per orange = 20/10 = 2. SP per orange = 20/8 = 2.5. Profit = 0.5, profit% = (0.5/2)*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #2

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A man purchased 40 apples for Rs. 320. He sells 15 at a 20% profit and 15 at a 10% loss. At what profit percentage should he sell the remaining 10 apples to achieve an overall profit of 15%?

A. 40%

B. 35%

C. 45%

D. 50%

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Correct Answer: Option C

Explanation:
Total Cost Price = 320. Desired profit = 15% of 320 = 48. Cost Price of 15 apples = 120. Profit on 15 apples = 24. Loss on 15 apples = 12. Net profit so far = 12. Profit needed on remaining 10 apples = 48 - 12 = 36. Cost Price of remaining 10 apples = 80. Profit percentage = (36 / 80) * 100 = 45%.

This question belongs to: Maths Profit And Loss