Lakshya Education MCQs

Question:

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:

Options:
A.no loss no gain
B.loss of Rs. 1/12 lakh
C.loss of Rs. 1/18 lakh
D.gain of Rs.1/24 lakh
E.None of these
Answer: Option B
 -    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.

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More Questions on This Topic :

Question 1.

A man sells two commodities for Rs. 4000 each. neither loosing nor gaining in the deal. If he sold one commodity at a gain of 25%, the other commodity sold at a loss of:

Options:
  1.    16 2/3 %
  2.    18 2/3%
  3.    25%
  4.    32%
  5.    None of these
Answer: Option A
 -    Total S.P = 8000 Rs. and Total C.P = 8000 Rs.

  S.P. of Ist commodity = Rs. 4000. Gain on it = 25%

  C.P of Ist commodity = Rs. (100/125 x 4000) = Rs.3200

  C.P of 2nd commodity = Rs, (8000 – 3200) = Rs. 4800.

  S.P of 2nd commodity = 4000.

  ∴loss on 2nd commodity = (800/4800 x 100)% = 16 2/3%
Question 2.

A man sells two flats at the rate of Rs. 1.995 lakhs each. On one he gains 5% and on the other, he loses 5%. His gain or loss % in the whole transaction is:

Options:
  1.    0.25% loss
  2.    0.25% gain
  3.    2.5% loss
  4.    25% loss
  5.    None of these
Answer: Option A
 -    Loss% = (5/10)² % = (0.5)²% =0.25%
Question 3.

The cash difference between the selling price of an article at a profit of 4% and 6% is Rs 3 the ratio of the two selling price is:

Options:
  1.    51 : 52
  2.    52 : 53
  3.    51 : 53
  4.    52 : 55
  5.    None of these
Answer: Option B
 -    Let the C.P of the article be Rs. x

  Then required ratio = 104% of / 106% of x

  = 104/106

  = 52/ 53
Question 4.

Ranjan purchased 120 tables at price of Rs. 110 per table. He sold 30 tables at a profit of Rs. 12 per table and 75 tables at profit of Rs. 14 per tables. The remaining tables were sold at a loss of Rs. 7 per table. What is the average profit per table?

Options:
  1.    Rs 10.04
  2.    Rs 10.875
  3.    Rs 12.80
  4.    Rs 12.875
  5.    None of these
Answer: Option B
 -    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
Question 5.

Hemant sold 10 sarees for a total profit of Rs. 460 and 12 sarees for a total profit of Rs. 144. At what profit per saree should he sell the remaining 20 sarees so that he gets an average profit of Rs. 18 per sarees?

Options:
  1.    Rs 7.40
  2.    Rs 7.60
  3.    Rs 7.80
  4.    Rs 8.00
  5.    None of these
Answer: Option B
 -    Total profit required = Rs.(42 x 18) = Rs.756

  Profit on 22 sarees = Rs. (460 + 144) = Rs. 604

  Profit on 20 sarees = Rs. (756 – 604) = Rs. 152
 
  Average profit on these sarees = Rs.(152/20) = Rs. 7.60
Question 6.

Sanket purchased 20 dozen notebook at Rs. 48 per dozen. He sold 8 dozen at 10% profit and remaining 12 dozen with 20% profit. What is his profit percentage in the transaction?

Options:
  1.    7.68
  2.    15
  3.    16
  4.    19.2
  5.    None of these
Answer: Option C
 -    C.P of 20 dozen = Rs.(48 x 20) = Rs.960

  C.P of 8 dozen = Rs. (48 x8) = Rs. 384.

  C.P of 12 dozen =Rs. (960 – 384) = Rs. 576

  Total S.P = Rs. (110/100 x 384 +120/100 x 576) = Rs.1113.60

      ∴ Profit % = (153.60/960 x 100)% =16%