Question : Ram sold two horses at the same price. On one, he makes a profit of 10% and on the other, incurs a loss of 10%. Then Ram gets:
Option 1: 2% loss
Option 2: No loss or profit
Option 3: 1% loss
Option 4: 1% profit
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Correct Answer: 1% loss
Solution : Given: a = 10% Selling prices are the same and the profit-loss percentages are the same. In such transactions, there is always loss. Loss percentage = $\frac{a^2}{100}$= $\frac{10×10}{100}$= 1% Hence, the correct answer is 1% loss.
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Question : Ram bought a cell phone and paid 30% less than its original price. He sold it at 50% profit on the price he had paid. The percentage of profit earned by Ram on the original price was:
Option 1: 25%
Option 2: 50%
Option 3: 15%
Option 4: 5%
Question : Anil bought two articles A and B at a total cost of INR 10,000. He sold Article A at a 15% profit and Article B at a 10% loss. In the whole deal, he made no profit or loss. Find the selling price of the article A.
Option 1: INR 4,500
Option 2: INR 5,400
Option 3: INR 4,600
Option 4: INR 4,200
Question : A dealer sold two types of goods for Rs. 10000 each. On one of them, he lost 20% and on the other, he gained 20%. His gain or loss per cent in the entire transaction was:
Option 2: 2% gain
Option 3: 4% gain
Option 4: 4% loss
Question : A tradesman marks his goods 20% above his cost price. If he allows his customer a 20% discount on the marked price, how much profit or loss does he make, if any:
Option 2: 4% loss
Option 3: 1% profit
Option 4: 3% profit
Question : A trader bought 640 kg of rice. He sold a part of the rice at a 20% profit and the rest at a 5% loss. He earned a profit of 15% in the entire transaction. What is the ratio of the quantity of rice that he sold at a loss of 5% to that of the quantity that he sold at a profit of 20%?
Option 1: 1 : 3
Option 2: 4 : 1
Option 3: 1 : 4
Option 4: 3 : 1
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