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Profit Abd Loss

# Profit Abd Loss

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11/08/2014

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1.
3 Marks
The price of diesel has increased by 20%. By what percent should Mr. Kulkarnireduce the consumption of diesel so that his monthly budget is not affected?1)25%2)20%3)16.66%4)12.25%5)10.22%
Solution:
The price of diesel increases by 20%. Hence, option 3.2.
3 Marks
If the price of rice falls down by 25%, by how much percent should a family increaseits consumption, so as not to decrease expenditure.1)25%2)16.66%3)33.33%4)36%5)20.25%
Solution:
The price of rice falls down by 25%. Hence, option 3.3.
3 Marks
Ganesh sells his goods 30% cheaper than Himesh and 20% dearer than Shiva. Howmuch percentage are Shiva’s goods cheaper than Himesh’s?1)50.33%2)41.67%
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Section I

3)50%4)28.14%5)25%
Solution:
Let Ganesh sells his goods at Rs. 100 Hence, option 2.4.
3 Marks
Shekhar’s salary is 33.33% more than Abhijeet’s salary. By what percentage isAbhijeet’s salary less than Shekhar’s salary?1)25%2)30%3)22.22%4)20%5)16.66%
Solution:
Let Abhijeet’s salary be Rs. 100
Shekhar’s salary = Rs. 133.33 Hence, option 1.5.
3 Marks
Vijay spends 45% of his salary on his brother’s education, 20% of the rest on rentand 14% of the total salary on travelling. After his expenditure, he is left with Rs.4500. What is Vijay’s salary?1)Rs. 21428.572)Rs. 18546.523)Rs. 12000

4)Rs. 10005)Rs. 15000
Solution:
Let Vijay’s salary be Rs.
x
He spends Rs. 0.45
x
on his brother’s education.He spends 20% of the rest i.e. 0.2 × (
x
− 0.45
x
) = Rs. 0.11
x
on rent.Finally, he spends Rs. 0.14
x
on travelling.

x
– 0.45
x
– 0.11
x
– 0.14
x
= 4500
0.3
x
= 4500

x
= Rs. 15,000
Vijay’s salary is Rs. 15,000.Hence, option 5.6.
3 Marks
In a school, 70% of the students are boys and the rest are girls. Further 20% of theboys and 30% of the girls are getting a fee waiver. If this number is 230, find the totalnumber of students getting 33% concession if it is a rule that 40% of those not gettinga fee waiver are eligible to get one-third fee concession?1)1702)3083)2104)2405)320
Solution:
Let the total number of students in the school be
x
.
Number of boys is 0.7
x
and number of girls is 0.3
x
.From the given data,(0.2 × 0.7
x
) + (0.3 × 0.3
x
) = 230

x
= 1000Number of students who do not get a waiver = 1000 − 230 = 770
Number of students eligible for one-third fee concession = 0.4 × 770 = 308Hence, option 2.7.
3 Marks
Laxmi goes to a shop to buy a toy kitchen set costing Rs. 3500. The rate of sales tax