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Best Mock Quiz for GRE Students
Tarun Saneja got a 30% concession, from a wholesaler, on the labeled price of an article and sold it for Rs. 8,750 with a 25% profit on the price he had bought. Find the labeled price (Rs).
(a) 10,000
(b) 12,000
(c) 13,000
(d) 14,000
(e) None of these
Option a – 10,000
(a) 30
(b) 40
(c) 50
(d) 60
(e) None of these
Option c – 50
Roor Chand, a famous trader of Suchan Kotli, used to cheat to the extent of 10% both times – while buying and while selling, by using false weights. His total gain%?
(a) 20
(b) 21
(c) 22
(d) 23
(e) None of these
Option c – 22
The cost price of 25 articles is the same as the selling price of ‘K’ articles. If the profit is to the extent of One-third lot, then the value of K is :
(a) 15
(b) 20
(c) 50
(d) 25
(e) None of these
Option a – 15
The percentage profit earned by Mr. Bania in selling an article for Rs. 1,920 is equal to the percentage loss incurred by selling the same article for Rs. 1,280. At what price should the article be sold to make a 25% profit?
(a) 2000
(b) 2200
(c) 2400
(d) Data inadequate
(e) None of these
Option a – 2000
Books of Simplified Series were bought at prices ranging from Rs. 400 to Rs. 650 and these were sold at prices ranging from Rs. 500 to Rs. 725, Find the greatest possible profit that might be made in selling eight books by M/s Sanjay Book Depot?
(a) 3,600
(b) 1,200
(c) 2,600
(d) 2,900
(e) None of these
Option c – 2,600
If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is?
(a) 12
(b) 30
(c) 50
(d) 60
(e) None of these
Option c – 50
Bittu Kataria claims that he sells his goods at cost price but is a cheater and uses a false weight of 800 gm instead of a complete kilogram in weight. What is his profit percentage?
(a) 18
(b) 40
(c) 25
(d) 20
(e) None of these
Option c – 25
Prashant bought a car at a discount. So he paid 10% less than the original price. He sold it at 30% profit on the price he had paid. What% profit did he make on the original price?
(a) 17
(b) 16
(c) 18
(d) 14
(e) None of these
Option a – 17
If Ramesh Kumar reduces the selling price of an item from Rs. 400 to Rs. 380, his loss increases by 2%. What is the cost price of the item?
(a) 1700
(b) 1600
(c) 1800
(d) 1000
(e) None of these
Option d – 1000
Abhishek marked price of an item 35% above its cost price. To stay with market trend, he announced trade discounts. Maximum discount% he may allow so as to still gain 8% is?
(a) 30
(b) 25
(c) 20
(d) 27
(e) None of these
Option c – 20
Achla bought a computer with 15% discount on the labelled price. She sold the computer for Rs. 2880 with 20% profit on the labelled price. At what price did she buy the computer?
(a) 3000
(b) 2080
(c) 2040
(d) 2000
(e) None of these
Option c – 2040
An item was sold for Rs. 27.50 with a profit of 10%. Had it been sold for Rs. 25.75, what would have been the percentage of profit or loss?
(a) 3
(b) 2
(c) 4
(d) 5
(e) None of these
Option a – 3
If selling price of an article is Rs. 250, profit percentage is 25%. Find the ratio of the cost price and the selling price.
(a) 5 : 3
(b) 3 : 5
(c) 4 : 5
(d) 5 : 4
(e) None of these
Option c – 4 : 5
M/s Amritdharis sold two houses at the rate of Rs. 19.95 lakhs each. On one they gained 5% and on the other lost 5%. How much did they gain or lose in the whole transaction?
(a) 25,000
(b) 30,000
(c) (-) 40,000
(d) (-) 25,000
(e) None of these
Option a – 25,000
Makhan Singh purchased a machine for Rs. 80,000. He spent Rs. 5000 repairs and Rs. 1000 on transport. He sold it gaining 25%. What price did he sell the machine?
(a) 1,07,000
(b) 1,07,500
(c) 1,08,500
(d) 1,06,000
(e) None of these
Option b – 1,07,500
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