Question : A rice trader buys 16 quintals of rice for INR 5,632. 20% of rice is lost in transportation. At what rate should he sell to earn a 25% profit?
Option 1: INR 225.2 per quintal
Option 2: INR 550 per quintal
Option 3: INR 440 per quintal
Option 4: INR 563.2 per quintal
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Correct Answer: INR 550 per quintal
Solution : The cost price of 16 quintals of rice = INR 5,632 Total Profit = 25% of cost price = $\frac{25}{100} × 5632$ = INR 1408 Total selling price = cost price + total profit = INR 5,632 + INR 1,408 = INR 7,040 Quantity of rice left = $\frac{100–20}{100} ×16$ = $\frac{4}{5}×16$ = $12.8$ quintals The selling price per quintal = $\frac{7040}{12.8}$ = INR 550 Hence, the correct answer is INR 550 per quintal.
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Question : A trader buys 500 kg of cotton for INR 9,000. 10% of his cotton is spoiled due to rain. At what rate (INR/kg) should he sell the rest to earn 10% profit?
Option 1: 25
Option 2: 30
Option 3: 22
Option 4: 20
Question : A man bought 25 crates of oranges for INR 10,000. He lost five crates. In order to earn a total profit of 25% of the total cost, he would have to sell each of the remaining crates at:
Option 1: INR 650
Option 2: INR 625
Option 3: INR 600
Option 4: INR 575
Question : The price of rice is decreased by 25% and therefore a person can purchase 30 kg more rice in the same expenditure. If the expenditure is INR 5,400, then what was the original price of rice per kg?
Option 1: INR 90 per kg
Option 2: INR 60 per kg
Option 3: INR 75 per kg
Option 4: INR 50 per kg
Question : A dealer buys an article listed at INR 3,000 and gets successive discounts of 15% and 15%. He spends INR 250 on transportation and sells it at a profit of 20%. Find the selling price of the article.
Option 1: INR 3,300
Option 2: INR 2,901
Option 3: INR 3,250
Option 4: INR 3,200
Question : A merchant buys 25 litres of milk daily at the rate of Rs. 12 per litre. He mixes 5 litres of water in it and sells it at the rate of Rs. 10.40 per litre. His profit percentage is:
Option 1: 8% profit
Option 2: 2% profit
Option 3: 4% profit
Option 4: 6% profit
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