A man sold two flats for Rs. 4.15 lakhs each. On one he gained 2% and on the oth

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Question
A man sold two flats for Rs. 4.15 lakhs each. On one he gained 2% and on the other he lost 2%. What percent is the effect of the sale on the whole ?
Options
A. 0.25 %
B. 0.04 %
C. 0.5 %
D. 0 %

Correct Answer

0.04 %

Explanation

In this type cases we always have loss only.

Loss% = ${(\frac{C o m m o n G a i n o r L o s s}{10})}^{2}$ = ${(\frac{2}{10})}^{2}$ = 1/25 = 0.04 %

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Profit and Loss problems

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1. Raghu earns 25% on an investment but loses 10% on another investment. If the ratio of the two investment is 3:5. What is the gain or loss on two investments taken together ?
Options
A. 1.251 %
B. 3.125 %
C. 7.21 %
D. 9.451 %

2. Shamma lends Rs.40,000 to two of her friends. She gives Rs.24,000 to the first at 8% p.a. simple interest. Shamma wants to make a profit of 10% on the whole. The simple interest rate at which she should lend the remaining sum of money to the second friend is:
Options
A. 13%
B. 8.5%
C. 9.5%
D. 11.25%

3. Selling price of a cellphone is increased by 20%. For this sale is decreased by 30%. Find the effect of total sales?
Options
A. 16%
B. 14.5%
C. 12%
D. 10.5%

4. A quantity of tea is sold at Rs. 5.75 per kilogram. The total gain by selling the tea at this rate is Rs. 60. Find the quantity of tea being sold if a profit of 15% is made on the deal ?
Options
A. 72 kgs
B. 80 kgs
C. 76 kgs
D. 84 kgs

5. A merchant buys two items for Rs. 7500. One item he sells at a profit of 16% and the other item at 14% loss. In the deal, the merchant makes neither any profit nor any loss. What is the difference between the selling price of both the items?
Options
A. Rs. 620
B. Rs. 654
C. Rs. 725
D. Rs. 747

6. Cost Price of 22 articles is same as the Selling Price of 18 articles, find the profit percentage?
Options
A. 33.33%
B. 22.22%
C. 11.11%
D. 1%

7. Mr. X sold two properties P1 and P2 for Rs 1,00,000 each. He sold property P1 for 20% less than what he paid for it. What is the percentage of profit of property P2, so that he is not in gain or loss on the sale of two properties?
Options
A. 33.33%
B. 29.97%
C. 25%
D. 22.22%

8. A trader marked the price of the T.V. 30% above the cost price of the T.V. and gave the purchaser 10% discount on the marked price, thereby gaining Rs.340. Find the cost price of the T.V ?
Options
A. Rs. 2000
B. Rs. 1600
C. Rs. 2200
D. Rs. 2100

9. A shop keeper sells an article at a loss of 8%, but when he increases the selling price of the article by Rs. 164 he earns a profit of 2.25% on the cost price. If he sells the same article at Rs. 1760, what is his profit percentage?
Options
A. 2.5%
B. 5%
C. 10%
D. 7.5%

10. If books bought at prices ranging from Rs 200 to Rs 350 are sold at prices ranging from Rs 300 to Rs 425, what is the greatest possibleprofit that might be made in selling eight books.
Options
A. 800
B. 1200
C. 1600
D. 1800

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