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Profit and Loss Practice Test 7
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© examsnet.com
Question : 7
Total: 40
By selling 32 oranges for Rs 30, a man loses 25%. How many oranges should be sold for Rs 24 so as to gain 20% in the transaction?
16
24
32
40
Validate
Solution:
Q
SP
Loss
∕
gain
CP
32
30
Loss
25
%
x
−
x
×
25
100
=
30
x
=
40
x
24
Gain
20
%
x
+
20
×
x
100
=
24
x
=
20
Number of oranges sold when CP is Rs 40 = 32
Number of oranges sold when CP is Rs 1 =
32
40
Number of oranges sold when CP is Rs 20
=
32
40
×
20
=
16
© examsnet.com
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