A house and shop were sold for Rs. 1 lakh each. In this transaction the house sell resulted into 20% loss whereas the shop sell resulted into 20% of profit. The entire transaction resulted in: A. no loss no gain B. loss of Rs 1/12 lakh C. loss of Rs 4lakh D. gain of Rs 6lakh

A house and shop were sold for Rs. 1 lakh each. In this transaction the house sell resulted into 20% loss whereas the shop sell resulted into 20% of profit. The entire transaction resulted in: A. no loss no gain B. loss of Rs 1/12 lakh C. loss of Rs 4lakh D. gain of Rs 6lakh
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1 Answer

Answer :

Answer – B (loss of Rs. 1/12 lakh)

Explanation – Total S.P = Rs. 2 lakh.

C.P of house = Rs. (100/80 x 1)lakh = Rs 5/4 lakh

C.P of shop = Rs. (100/120 x 1)lakh = Rs. 5/6 lakh

Total C.P = Rs. (5/4 + 5/6)lakh = Rs. 25/12 lakh

∴ loss = Rs.(25/12 – 2)lakh = Rs. 1/12 lakh.
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Last Answer : 25

The ratio of the cost price of product A to that of B is 5:7. product A was sold at a profit of 80% and product B was sold at a profit of 20%. If the total profit earned after selling both the (products A and B is Rs 296) what is the difference between the cost prices of product A and B?

Description : The ratio of the cost price of product A to that of B is 5:7. product A was sold at a profit of 80% and product B was sold at a profit of 20%. If the total profit earned after selling both the (products A and B is Rs 296) what is the difference between the cost prices of product A and B?

Last Answer : CP of product A= 5X CP of product B=7x Total price = (5x*0.8)+(7x*0.2) =296 4X+1.4X=296 5.4X=296 x=54.81=55(approx.) difference of the CP= 7x-5x=2x=2*55  = Rs. 110

A seller sold a cloth for Rs. 720 after giving 20% discount on the labelled price. Had he not given the discount, he would have earned a profit of 40% on the CP. what was the Cp of the cloth?

Description : A seller sold a cloth for Rs. 720 after giving 20% discount on the labelled price. Had he not given the discount, he would have earned a profit of 40% on the CP. what was the Cp of the cloth?

Last Answer : Let CP= x Sp of each cloth =80/100*x =720 x= 720*100/80 =900 CP= 900* 100/140 =Rs 643.

An product is sold at a loss of 10%. Had it been sold for Rs. 9 more, there would have been a gain of 12 1/2% on it. The cost price of the product is

Description : An product is sold at a loss of 10%. Had it been sold for Rs. 9 more, there would have been a gain of 12 1/2% on it. The cost price of the product is

Last Answer : Let the cost price of the product = Rs. x S.P. at 10% loss = x×90/100= Rs. 9x/10 S.P. at 12 1/2 % gain x × (100+12 1/2)/100 = Rs. 225x/200 9x/10 + 9 = 225x/200 180x + 1800 = 225x x = Rs. 40

kalyan bought 16 types of rava of certain rupees. After a week, he sold 6 types of rava at 20%profit, 6types of rava with neither profit nor loss and 4 types at 10%loss. In this transaction, what is the profit %?

Description : kalyan bought 16 types of rava of certain rupees. After a week, he sold 6 types of rava at 20%profit, 6types of rava with neither profit nor loss and 4 types at 10%loss. In this transaction, what is the profit %?

Last Answer : Let CP of 16 types =x CP of 1 type= x/16 Sp of rice 20%=6x/16+6x/16*20/100=9x/20 Spof rice without profir or loss=6x/16=3x/8 Sp of rice at 10% loss= 4x/16-4x/16*10/100=9x/40 Total seling price=9x/20+3x/8+9x/40 = 42x/40 now profit%= [42x/40-x]/x *100 =5%

By selling 90 oranges for Rs 80, a man loses 40 %. How many oranges should he sell approximately for Rs 48 to gain 40 % in the transaction?

Description : By selling 90 oranges for Rs 80, a man loses 40 %. How many oranges should he sell approximately for Rs 48 to gain 40 % in the transaction?

Last Answer : Let S.P. of 90 oranges be Rs. x. Then, 60 : 80 = 140 : x  x = 80*140/60= 186.66 For Rs.186.66, oranges sold = 90 For Rs.48, oranges sold = 90/186.66* 48 = 23(approx.)