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Mr. Mittal purchased a car for ₹ 3,00,00...

Mr. Mittal purchased a car for ₹ 3,00,000 and a bike for his son for₹ 1,00,000. He sold the car at a profit of `10%` and bike at a loss of `20%`. What is the net gain or loss?

A

2% gain

B

1.5% loss

C

2.5%loss

D

2.5% gain

Text Solution

Verified by Experts

The correct Answer is:
D
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ARIHANT SSC-PROFIT, LOSS AND DISCOUNT-EXERCISE (LEVEL 1)
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  2. A shopkeeper sold 12 cameras at a profit of 20% and 8 cameras at a pro...

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  3. Mr. Mittal purchased a car for ₹ 3,00,000 and a bike for his son for₹ ...

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  4. A trader sells 20 kg of sugar at Rs.400 . A customer asks 20% discount...

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  5. The profit percentage on the three articles A, B and C is 10%, 20% and...

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  6. The marked price of an article is increased by 25% and the selling pri...

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  7. A shopkeeper calculate his profit per cent on the selling price which ...

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  8. An item was sold after giving two successive discount of 20% and 10% r...

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  9. The cost price of an article ‘A’ is Rs. 160 and selling price of anoth...

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  10. A single discount equivalent to three successive discount of 5%, 10%, ...

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  11. Ragini purchases oranges at ₹ 10 per dozen and sells them at ₹ 12 for ...

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  12. A trader uses a weighing balance that shows 1250 g fora kilogram. He f...

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  13. On selling an article for Rs. 240, a trader loses 4%. In order to gain...

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  14. A merchant marks his goods at Rs. 300 and allows a discount of 25%. If...

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  15. An item costing Rs. 200 is being sold at 10% loss. If the price is fur...

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  16. A person sold two cows each for Rs. 9900. If he gained 10% on one and ...

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  17. Two third of a consignment was sold at a profit of 5% and the remainde...

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  18. A fruit seller declares that he sells fruits at the cost price. Howeve...

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  19. A person loses Rs. 20 by selling some banana at the rate of Rs. 3 per ...

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  20. Due to an increase of 30% in the price of eggs, 3 eggs less are availa...

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