The loss incurred on selling an article for Rs. 270 is as much as the profit mad

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Question
The loss incurred on selling an article for Rs. 270 is as much as the profit made after selling it at 10% profit. The C.P. of the article is?
Options
A. Rs. 90
B. Rs. 110
C. Rs. 363
D. Rs. 300

Correct Answer

Rs. 300

Explanation

Let C.P.be Rs. x then, x - 270 = 10% of x = x / 10
? x = 300

Profit and Loss problems

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1.
The cost of 2 T.V. sets and a radio is Rs. 7000, while 2 radios and one T.V. set together cost Rs. 4250. The cost of a T.V. set is?
Options
A. Rs. 3000
B. Rs. 3160
C. Rs. 3240
D. None of these

2.
A buys oranges at Rs. 2 for 3 oranges and sells them at a rupee each. To make a profit of Rs. 10, he must sell?
Options
A. 10 oranges
B. 20 oranges
C. 30 oranges
D. 40 oranges

3.
Alok bought 25 kg of rice at the rate of Rs. 6.00 per kg and 35 kg of rice at the rate of Rs. 7.00 per kg. He mixed the two and sold the mixture at the rate of Rs. 6.75 per kg . What was his gain or loss in this transaction?
Options
A. Rs. 16.00 gain
B. Rs. 16.00 loss
C. Rs. 20.00 gain
D. None of these

4.
What per cent of selling price would be 34% of cost price if gross profit is 26% of the selling price?
Options
A. 17.16
B. 74.00
C. 25.16
D. 88.40

5.
A man sold a radio for Rs. 1980 and gained 10%. The radio was bought for?
Options
A. Rs. 1782
B. Rs. 1800
C. Rs. 2178
D. None of these

6.
A discount series of 10%, 20% and 40% is equal to single discount of?
Options
A. 50%
B. 56.80%
C. 70%
D. 70.28%

7.
The C.P. of an article is 40% of the S.P. The per cent that the S.P. is of C.P. is?
Options
A. 40
B. 60
C. 240
D. 250

8.
Toffees are bought at the rate of 8 for a rupee. To gain 60% they must be sold at?
Options
A. 6 for a rupee
B. 5 for a rupee
C. 9 for Rs. 2
D. 24 for Rs. 5

9.
Jimmy bought paper sheets for Rs. 7200 and spent Rs. 200 on transport paying Rs. 600 he had 330 boxes made, which he sold at Rs. 28 each. What is his profit percentage?
Options
A. 15.5
B. 40
C. 60
D. None of these

10.
When the price of a toy was increased by 20%, the number of toys sold was decreased by 15%. What was the effect on the sales of the shop?
Options
A. 4% increased
B. 4% increased
C. 2% increased
D. 2% decreased

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