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Profit and Loss Practice Test 9
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© examsnet.com
Question : 39
Total: 40
A man purchased 150 pens at the rate of Rs 12 per pen. He sold 50 pens at a gain of 10%.The percentage gain at which he must sell the remaining pens so as to gain 15% on the whole outlay is:
21
1
2
%
20%
17%
17
1
2
%
Validate
Solution:
Cost price of 150 pens = 150 × 12 = 1,800
Sale price of 150 pens =
1
,
800
+
15
100
×
1
,
800
= Rs 2,070
Cost price of 50 pens = 50 × 12 = Rs 600
Sale price of 60 pens =
600
+
10
100
×
600
= Rs 660
Sale price of 100 pens = 2,070 - 660 = Rs 1,410
Percentage gain on 100 pens
=
1410
−
1200
1200
×
100
=
17
1
2
%
© examsnet.com
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