Question : A man buys a machine for Rs. 5,000. After one year, he sells it for Rs. 6000. After two years, again he buys the same machine at Rs. 8,000 and sells it for Rs. 10,000. Find his overall profit percentage for both transactions.
Option 1: 20.23%
Option 2: 23.08%
Option 3: 18.75%
Option 4: 15.23%
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Correct Answer: 23.08%
Solution : For the first time the cost price (CP) = Rs. 5000 Profit = (6000 – 5000) = Rs. 1000 For the second time the CP = Rs. 8000 The profit = (10000 – 8000) = Rs. 2000 Now, the total CP = (5000 + 8000) = Rs. 13000 And, the total profit = (1000 + 2000) = Rs. 3000 So, the overall profit = $\frac{\text{total profit}}{\text{total cost price}}×100=\frac{3000}{13000}×100= 23.08\%$ Hence, the correct answer is 23.08%.
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Question : A man buys a watch for Rs. 1,950 in cash and sells it for Rs. 2,200 at a credit of 1 year. If the rate of interest is 10% per annum, then how much profit or loss will he have?
Option 1: Rs. 55 profit
Option 2: Rs. 30 profit
Option 3: Rs. 30 loss
Option 4: Rs. 35 profit
Question : A man sells two articles at Rs. 9,975 each. He gains 5% on one article and loses 5% on the other. Find his overall gain or loss.
Option 1: Loss Rs. 60
Option 2: Profit Rs. 50
Option 3: Profit Rs. 60
Option 4: Loss Rs. 50
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
Question : A manufacturer sells an article to a wholesale dealer at a profit of 10%. The wholesale dealer sells it to a shopkeeper at 20% profit. The shopkeeper sells it to a customer for Rs. 56,100 at a loss of 15%. Then the cost price of the article to the manufacturer is:
Option 1: Rs. 25,000
Option 2: Rs. 10,000
Option 3: Rs. 50,000
Option 4: Rs. 55,000
Question : A sells an article to B making a profit of $\frac{1}{5}$th of his outlay. B sells it to C, gaining 20%. If C sells it for Rs. 600 and incurs a loss of $\frac{1}{6}$th of his outlay, the cost price of the article for A is:
Option 1: Rs. 600
Option 2: Rs. 500
Option 3: Rs. 720
Option 4: Rs. 800
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