GK Expert Team Solutions for Exercise 1: OBJECTIVE TYPE QUESTIONS

A grocer bought $48 kg$ of wheat for $Rs. 80$, and was obliged to sell it at a loss of as much money as he received for $2 kg$. Find the sale price per $kg$.

A manufacturer sells an article at a profit of $25\%$ to a wholesale dealer, who sells it to a retailer at a profit of $5\%$. The retailer sells it for $Rs. 756$ and makes a profit of $20\%$. The cost of the article to the manufacturer is:

$A$ sells a horse to $B$ for $Rs. 4860$, thereby losing $19$ per cent, $B$ sells it to $C$ at a price which would have given $17$ per cent profit. Find $B$'s gain.

A man sells a machine at$10\%$ below cost price. Had he received $Rs. 1494$ more than he did, he would have made a profit of $12\frac{1}{2}\%$. What did the machine cost?

A man sells an article at a gain of $15\%$. If he had bought it at $10\%$ less and sold it for $Rs. 4$ less, he would have gained $25\%$. Find the cost price.

A reduction of $40$ percent in the price of bananas would enable a purchaser to obtain $60$ more $Rs. 45$. What is the reduced price?

Six horses and $8$ cows cost me $Rs. 37500$. I sell them for $Rs. 44625$ making a profit of $25$ per cent on the horses and $10$ per cent on the cows. What is the average cost of horse and of each cow?

A man who makes a profit of $25\%$ by selling sugar at $Rs. 4.25$ per $kg$, lowers his price so as to gain only $17 P$ per $kg$. In what ratio must his sales increase so that his total profit may be the same as before?