Arithmatical - Profit and Loss

DIRECTIONS : Problems based on Profit and Loss.
13. By selling a pen for Rs.15, a man loses one sixteenth of what it costs him.The cost price of the pen is
  A.  Rs.16
  B.  Rs.18
  C.  Rs.20
  D.  Rs.21
Solution
Let the C.P be Rs.x.Then,
x-15=x/16
‹=›x-x/16 = 15
15x/16=15
x = 16.
Therefore, C.P= Rs.16.
14. A shopkeeper professes to sell his goods at cost price but uses a weight of 800 gm instead of kilogram weight.Thus, he makes a profit of
  A.  20%
  B.  22%
  C.  25%
  D.  None of these
Solution
Therefore,Profit=(200/800×100)%
= 25%.

15. A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%?
  A.  Rs.11.81
  B.  Rs.12
  C.  Rs.12.25
  D.  Rs.12.31
Solution
85 : 9 = 105 : x
x= (9×105/80)
= Rs.11.81
Hence, S.p per Kg= Rs.11.81
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