Mr. Kapur purchased two toy cycles for Rs 750 each. He sold these cycles, gainin

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Question
Mr. Kapur purchased two toy cycles for Rs 750 each. He sold these cycles, gaining 6% on one and losing 4% on the other. The gain or loss percent in the whole transaction is
Options
A. 1% loss
B. 1% gain
C. 1.5% loss
D. 1.5 gain

Correct Answer

1% gain

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Profit and Loss problems

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1. A shopkeeper buys a product of Rs 150 per Kg. 15% of product was damaged. At what price (per Kg) should he sell the remaining so as to earn a profit of 20%?
Options
A. Rs. 207
B. Rs. 207 11/180
C. Rs. 211 13/17
D. Rs. 204 7/13

3. A man buys 3 type-I cakes and 6 type-II cakes for Rs. 900. He sells type-I cakes at a profit of 15% and type-II cakes at a loss of 10%. If his overall profit is Rs.30, the cost price (in Rs.) of a type-I and of a type-II cakes is
Options
A. 100, 100
B. 160, 70
C. 180, 60
D. 120, 90

4. A shopkeeper purchased 510 eggs at the rate of Rs. 20 per dozen. 30 eggs were broken on the way. In order to make a gain of 20%, he must sell the remaining eggs at the rate of
Options
A. Rs. 22.50 per dozen
B. Rs. 25.50 per dozen
C. Rs. 26 per dozen
D. Rs. 26.50 per dozen

6. A man bought 500 metres of electronic wire at 50 paise per metre. He sold 50% of it at a profit of 5%. At what percent should he sell the remainder so as to gain 10% on the whole transaction?
Options
A. 13%
B. 12.5%
C. 15%
D. 20%

7. A used two-wheeler dealer sells a scooter for Rs 46,000 and makes some loss. If he had sold it for Rs 58,000 his profit would have been double his loss. What was the cost price (in Rs) of the scooter?
Options
A. 52000
B. 54000
C. 48000
D. 50000

8. A dishonest milkman buys milk at Rs 24 per litre and adds 1/3 of water to it and sells the mixture at Rs 32 per litre. What is his gain?
Options
A. 33.33 percent
B. 50 Percent
C. 77.78 percent
D. 66.67 percent

9. A used car dealer sells a car for Rs 7.6 lakhs and makes some loss. If he had sold it for Rs 9.2 lakhs his profit would have been thrice his loss. What was the cost price of the car (in Rs lakhs)?
Options
A. 8.5
B. 8.75
C. 8.25
D. 8

10. A trader had 12 quintals of wheat. He sold a part of it at 13% profit and the rest at 23% profit, so that he made a total profit of 17 %. How much wheat did he sell at 23% profit?
Options
A. 720 kg
B. 240 kg
C. 480 kg
D. 960 kg

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