### Exercise :: Profit and Loss - General Questions

1. | Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is: |
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Answer: Option B Explanation: Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500. Selling Price (S.P.) = Rs. 5800. Gain = (S.P.) - (C.P.) = Rs.(5800 - 5500) = Rs. 300.
Video Explanation: https://youtu.be/St2gUTc94hw |

2. | The cost price of 20 articles is the same as the selling price of |
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Answer: Option B Explanation: Let C.P. of each article be Re. 1 C.P. of S.P. of Profit = Rs. (20 -
2000 - 100 125 Video Explanation: https://youtu.be/sidqvjUoZxY |

3. | If selling price is doubled, the profit triples. Find the profit percent. |
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Answer: Option B Explanation: Let C.P. be Rs. Then, 3( Profit = Rs. (
Video Explanation: https://youtu.be/dPzF10mGsWE |

4. | In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit? |
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Answer: Option B Explanation: Let C.P.= Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420. New C.P. = 125% of Rs. 100 = Rs. 125 New S.P. = Rs. 420. Profit = Rs. (420 - 125) = Rs. 295.
Video Explanation: https://youtu.be/bQA8SB8ycbw |

5. | A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%? |
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Answer: Option C Explanation: C.P. of 6 toffees = Re. 1
Video Explanation: https://youtu.be/7wKrnZ0LKA8 |