model 8 two article sold in different rates Section-Wise Topic Notes With Detailed Explanation And Example Questions

Question : 1

A car and a jeep were sold for Rs.121000 each. The car was sold at a loss of 20% while the jeep at a gain of 20%. The entire transaction resulted in

a) gain of Rs.500

b) loss of Rs.10000

c) gain of Rs.1000

d) neither loss nor gain

Question : 2

Kewal sells two tape recorders at the same price. On one, he gains 10% and on the other he loses 10%. The total gain or loss in the transaction is

a) 2% loss

b) No loss or gain

c) 1% loss

d) 1% gain

Question : 3

Two bicycles were sold for Rs.3990 each, gaining 5% on one and losing 5% on other. The gain or loss per cent on the whole transaction is :

a) 0.25% loss

b) 2.5% loss

c) 2.5% gain

d) neither gain nor loss

Question : 4

A trader bought two horses for Rs.19,500. He sold one at a loss of 20% and the other at a profit of 15%. If the selling price of each horse is the same, then their cost price are respectively.

a) Rs.10,500 and Rs.9,000

b) Rs.12,000 and Rs.7,500

c) Rs.11,500 and Rs.8,000

d) Rs.10,000 and Rs.9,500