**1.The cash difference between the selling price of an article at a profit of 8% and 4% is Rs 3 the ratio of the two selling price is**

A. 51 : 52

B. 27 : 26

C. 51 : 53

D. 52 : 55

Answer

Option (b) is correct

Explanation – Let the C.P of the article be Rs. x

Then required ratio = 108% of x / 104% of x = 108/104= 27:26

**2. A man sells two flats at the rate of Rs. 2 lakhs each. On one he gains 3% and on the other, he loses 3%. His gain or loss % in the whole transaction is**

A. 9% loss

B. 2% loss

C. 3% loss

D. 25% loss

Answer

Option (a) is correct

Explanation – Loss% = X^2/100=(3)^2/100 % =0.09%

**3.** **A man sells two flats for Rs. 8000 each. neither loosing nor gaining in the deal. If he sold one at a gain of 25%, the other commodity sold at a loss of:**

A. 50/3 %

B. 18 /3%

C. 25%

D. 32%

Answer

Option (a) is correct

Explanation – Total S.P = 16000 Rs. and Total C.P = 16000 Rs.

S.P. of Ist = Rs. 8000. Gain on it = 25%

C.P of Ist = Rs. (100/125 x 8000) = Rs.6400

C.P of 2nd = Rs, (16000 – 6400) = Rs. 9600.

S.P of 2nd = 8000.

∴loss on 2nd commodity = (1600/9600 x 100)% = 50/3%

**4.** **A house and shop were sold for Rs. 1 lakh each. In this transaction the house sell resulted into 20% loss whereas the shop sell resulted into 20% of profit. The entire transaction resulted in:**

A. no loss no gain

B. loss of Rs 1/12 lakh

C. loss of Rs 4lakh

D. gain of Rs 6lakh

Answer

Option (b) is correct

Explanation – Total S.P = Rs. 2 lakh.

C.P of house = Rs. (100/80 x 1)lakh = Rs 5/4 lakh

C.P of shop = Rs. (100/120 x 1)lakh = Rs. 5/6 lakh

Total C.P = Rs. (5/4 + 5/6)lakh = Rs. 25/12 lakh

∴ loss = Rs.(25/12 – 2)lakh = Rs. 1/12 lakh.

**5. Reshma purchased 120 chairs at price of Rs. 110 per chair. He sold 30 chairsat a profit of Rs. 12 per chair and 75 chairs at profit of Rs. 14 per chairs. The remaining chairs were sold at a loss of Rs. 7 per chairs. What is the average profit per table?**

A. Rs 10.56

B. Rs 10.87

C. Rs 12.123

D. Rs 12.67

Answer

Option (b) is correct

Explanation – Total C.P = Rs. (120 x 110) =Rs. 13200.

Total S.P = Rs.[(30 x 110 + 30 x 12) + (75 x 110 + 75 x 14) + (15 x 110 – 15 x 7) =Rs..14505

Average profit = Rs. (14505 – 13200) /120 = Rs. 1305/120= 10.875

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