PROFIT AND LOSS 1. Mathi purchased a walkman from her friend. She then sold it for Rs.90.Had it been sold for Rs.105. The gain would have been 1/4 of the former loss. What is the cost price of the walkman? a. 82 b. 102 c. 114 d. 126 Correct Option is: b 2. A man sells 12 candies for Rs.12 & loses Rs.2.40. If he sells 12 candies for Rs.16, how much does he gain or lose? a. Gains Rs.4 b. Loses Rs.6 c. Gains Rs.6.40 d. Loses Rs.1.60 e. Gains Rs.1.60 Correct Option is: e 3. The book 40% is sold for Rs.480.What is the original price?

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