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- Question
Bhajan Singh purchased 120 reams of paper at Rs 80 per ream. He spent Rs 280 on transportation, paid octroi at the rate of 40 paise per ream and paid Rs 72 to the coolie. If he wants to have a gain of 8 %, what must be the selling price per ream?
Options- A. 90
- B. 89
- C. 87.48
- D. 86
- Correct Answer
- 90
ExplanationTotal investment = Rs. (120 * 80 + 280 + (40/100) * 120 + 72).
= Rs. (9600 + 280+48 + 72) = Rs, 10000.
Sell price of 120 reams = 108% of Rs. 10000 = Rs. 10800.
Sell Price per ream = Rs. [10800/120] = Rs. 90. - 1. A milk man has 20 liters of milk. If he mixes 5 liters of water, which is freely available, in 20 liters of pure milk.If the cost of pure milk is Rs.18 per liter,then the profit of the milkman, when he sells all the mixture at cost price is:
Options- A. 20%
- B. 25%
- C. 33.33%
- D. 18% Discuss
- 2. The sale price of an article including the sales tax is Rs. 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then the cost price of the article is :
Options- A. Rs. 560
- B. Rs. 530
- C. Rs. 500
- D. Rs. 514 Discuss
- 3. By mixing two qualities of pulses in the ratio 2: 3 and selling the mixture at the rate of Rs 22 per kilogram, a shopkeeper makes a profit of 10 %. If the cost of the smaller quantity be Rs 14 per kg, the cost per kg of the larger quantity is:
Options- A. Rs 23
- B. Rs 25
- C. Rs 24
- D. Nonof these Discuss
- 4. In what ratio should water and wine be mixed so that after selling the mixture at the cost price a profit of 33.33% is made?
Options- A. 1:4
- B. 1:3
- C. 2:3
- D. 3:4 Discuss
- 5. A Shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net Profit or loss that he makes?
Options- A. 4%
- B. 5%
- C. 6%
- D. 8% Discuss
- 6. A dealer sold two of his cattle for Rs. 500 each. On one of them he lost 10% on the other, he gained 10%. His gain or loss percent in the entire transaction was:
Options- A. 10% loss
- B. 1% loss
- C. 1% gain
- D. Neither loss nor profit Discuss
- 7. In a scheme, a pack of three soaps with MRP Rs.45 is available for Rs.42. If it still gives a profit of 5% to the shopkeeper, then the cost price of the pack is ?
Options- A. 38
- B. 39
- C. 40
- D. 41 Discuss
- 8. Rahul went to purchase a Nokia mobile handset, the shopkeeper told him to pay 20% tax if he asked the bill. Rahul manages to get the discount of 5% on the actual saleprice of the mobile and he paid the shopkeeper Rs. 3325 without tax. Besides he manages to avoid to pay 20% tax on the already discounted price, what is the amount of discount that he has gotten?
Options- A. 750
- B. 375
- C. 875
- D. 525 Discuss
- 9. A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. He sellis the radio for Rs 300. The profit percent of the retailer is
Options- A. 10%
- B. 50%
- C. 25%
- D. 52% Discuss
- 10. A milkman has 20 liters of milk. If he mixes 5 liters of water, which is freely available, in 20 liters of pure milk. If the cost of pure milk is Rs. 18 per litre, then the profit of the milkman, when he sells all the mixture at cost price, is:
Options- A. 20%
- B. 25%
- C. 33.33%
- D. 18% Discuss
Profit and Loss problems
Search Results
Correct Answer: 25%
Explanation:
when the water is freely available and all the water is sold at the price of the milk, then the water gives the profit on the cost of 20 liters of milk.
Therefore, profit percentage = (5/20) x 100 =25 % [ Profit %= (Profit/C.P)*100]
Correct Answer: Rs. 500
Explanation:
110% of S.P. = Rs. 616
S.P. = (616 x 100)/110 = Rs. 560
C.P = (110 x 560)/112 = Rs. 500
Correct Answer: Rs 24
Explanation:
Cost Price of 5 kg = Rs.(14*2 + x*3) = (28 + 3x).
Sell price of 5 kg = Rs. (22x5) = Rs. 110.
[{110 - (28 + 3x)}/(28 + 3x) ]* 100 =10
[82-3x/28 + 3x]= 1 / 10
820 - 30x = 28 +3x
33x = 792
x = 24
Correct Answer: 1:3
Explanation:
33.33% profit means there is one part water and 3 part is pure wine. so the required ratio of water and wine in the mixture is 1:3
Correct Answer: 4%
Explanation:
SP of first article = Rs.1000
Profit = 20%
SP of Second Article = Rs.1000
Loss = 20%
So, Total SP = Rs.2000; Total CP = Rs.6250/3
As the CP is more than SP, he makes a loss.
Loss = CP - SP = (6250/3) - 2000 = Rs.(250/3)
So, Loss Percent = Lossx100/CP = 4%
Correct Answer: 1% loss
Explanation:
Loss%= (common gain or loss % / 10)2 = (10/10)² % = 1%.
Correct Answer: 40
Explanation:
Given M.P=45,S.P=42, Profit = 0.05
Let C.P=x , Then
Profit = (42-x)/x = 0.05
=> x = 40.
Correct Answer: 875
Explanation:
CP = 100, SP (with tax) =120
New SP = 100 - 5 = 95
Effective discount = 120 - 95 = 25
So, at SP of 95 ----> discount = 25
and at SP of 3325 -----> discount =
Correct Answer: 25%
Explanation:
cost price = (225 + 15) = 240 sell price = 300
gain = (60/240)*100 = 25%
Correct Answer: 25%
Explanation:
When the water is freely available and all the water is sold at the price of the milk, then the water gives the profit on the cost of 20 litres of milk.
Since, the profit % =
Therefore, profit percentage = = 25%
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