Mahesh bought 100 kg of rice for Rs. 1040 and sold it at a loss of as much money

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Question
Mahesh bought 100 kg of rice for Rs. 1040 and sold it at a loss of as much money as he received for 30 kg rice. At what price did he sell the rice?
Options
A. Rs. 7.46/kg
B. Rs. 8/kg
C. Rs. 8.74/kg
D. Rs. 8.56/kg

Correct Answer

Rs. 8/kg

Explanation

Let the selling price of the rice = Rs.P/kg

Now, according to the question,

1040 - 100p = 30p

=> p = 8/kg

Hence, the selling price of the rice = Rs. 8/kg

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Profit and Loss problems

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1. Manisha went to shop with certain amount, with which she can buy 50 Chacobar or 40 Fivestar. She uses 10% amount for petrol and out of the remaining balance, she purchases 20 Fivestar and some Chacobar. Find the number of Chacobar she can buy?
Options
A. 20
B. 24
C. 26
D. 28

2. A shopkeeper expects a gain of 45/2 % on his C.P. If his sale was Rs. 392, then find his profit.
Options
A. Rs. 70
B. Rs. 72
C. Rs. 74
D. Rs. 76

3. Selling an article at a profit of 20%, Aman gets Rs. 400 more than selling at a loss of 20%. The cost price of the article is ?
Options
A. Rs.1000
B. Rs. 1020
C. Rs.1210
D. Rs.1140

4. A man purchases two articles, on selling one at loss of 20% while the other at a profit of 25%, he gains the overall profit of 5% than find the ratio of their selling price ?
Options
A. 8 : 62.5
B. 55 : 8
C. 8 : 65
D. 64.4 : 9

5. A man saves 20% of his monthly salary. If an account of dearness of things he is to increase his monthly expenses by 15%, he is only able to save Rs. 400 per month. What is his monthly salary ?
Options
A. Rs. 6000
B. Rs. 4500
C. Rs. 5000
D. Rs. 6500

6. A retailer buys product from a shopkeeper at discount of 40% on the list price (marked price) and sells them to the customer at a discount of 25% on the list price.What is his profit percentage ?
Options
A. 10%
B. 15%
C. 20%
D. 25%

7. Sreya bought a plot for Rs. 6,00,000, then sold half of the plot at 10 % profit and rest at 15% profit. What is the total profit % that Sreya gain?
Options
A. 13.8 %
B. 11.4 %
C. 12.5 %
D. 14.5 %

8. A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?
Options
A. 260/11%
B. 18.4%
C. 22.5%
D. 100/7%

9. If the cost price of a certain object doubles, then the loss gets tripled of what it was initially. The initial loss % was ?
Options
A. 0 %
B. 25 %
C. 75 %
D. 50 %

10. Arun purchased 30 kg of wheat at the rate of Rs. 11.50 per kg and 20 kg of wheat at the rate of 14.25 per kg. He mixed the two and sold the mixture. Approximately what price per kg should be sell the mixture to make 30% profit ?
Options
A. Rs. 17.80
B. Rs. 16.30
C. Rs. 14
D. Rs. 15.40

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