Question : 11 oranges are bought for Rs 10 and 10 oranges are sold for Rs. 11. What is the gain or loss percentage?
Option 1: Gain = 11%
Option 2: Loss = 11%
Option 3: Loss = 21%
Option 4: Gain = 21%
New: SSC CHSL Tier 2 answer key released | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: Gain = 21%
Solution : Cost price of 11 oranges = Rs. 10 ⇒ Cost price of 1 orange = Rs. $(\frac{10}{11})$ Also, the Selling price of 10 oranges = Rs. 11 ⇒ Selling price of 1 orange = Rs. $(\frac{11}{10})$ Now, profit = Selling price – Cost price = $\frac{11}{10}$ − $\frac{10}{11}$ = Rs. $(\frac{121-100}{110})$ = Rs. $(\frac{21}{110})$ ⇒ Profit % = $\frac{\frac{21}{110}}{\frac{10}{11}}×100$ = 21% Hence, the correct answer is 'Gain = 21%'.
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Question : The marked price of a school bag was INR 550. This price was 10% above the cost price. It was sold at a discount of 10% on the marked price. Find the gain or loss percentage.
Question : Manoj bought two TVs for Rs. 2280. He sold one at a loss of 20% and the other at a profit of 10%. If each TV was sold for the same price, then what is the cost price of the TV that was sold at a loss?
Question : A vendor earns 10% on an investment but loses 10% on another investment. What will be the combined loss or gain if the two investments are in the ratio of 1 : 3?
Question : Sourabh purchased an article for INR 48,000 and sold it at a loss of 12%. With that amount, she purchased another item and sold it at a gain of 20%. What is the overall gain or loss in INR?
Question : A man buys an article for INR 80 and marks it at INR 125. He then allows a discount of 40%. What is his percentage of loss or gain?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile