A dealer sold two of his cattle for Rs. 500 each. On one of them he lost 10% on

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Question
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

Correct Answer

1% loss

Explanation

Loss%= (common gain or loss % / 10)² = (10/10)� % = 1%.

Profit and Loss problems

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1. 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

2. 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%

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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%

9. 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%

10. The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit ?
Options
A. Rs. 660
B. Rs. 560
C. Rs. 1060
D. Rs. 960

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