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- Question
A guy walks into a store and steals Rs. 100 from the store without the owner's knowledge. He then buys Rs. 60 worth of goods using that Rs. 100 and the owner gies Rs. 40 in change. How much money did the owner lose?
Options- A. RS. 200
- B. Rs. 160
- C. Rs. 100
- D. Rs. 40
- Correct Answer
- Rs. 100
ExplanationThe first lost Rs. 100, but after the thief bought Rs. 60 goods, he get that Rs. 100 back but he lost Rs. 60 value of goods and Rs. 40 in change.
So, a total of 60 + 40 = 100 Rs. the owner lose.
- 1. Watson bought a book for Rs. 240 and sold to Johny at a profit of 50%. Johny wants to sell this book to Shekar so that he earns a profit of 25%. But Shekar is adamant at buying this book at a discount of 10%. What marked price should Johny quote to Shekar so as to achieve desired profit ?
Options- A. Rs. 450
- B. Rs. 360
- C. Rs. 415
- D. Rs. 500 Discuss
- 2. A shopkeeper sells two articles at Rs.1000 each, making a profit of 30% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes ?
Options- A. 0.85 %
- B. 0.95 %
- C. 1.0 %
- D. 1.3 % Discuss
- 3. A wholesale dealer allows a discount of 20 % on the marked price to the retailer. The retailer sells at 5% below the marked price. If the customer pays Rs.19 for an article, what profit is made by the retailer on it ?
Options- A. Rs. 4
- B. Rs. 3
- C. Rs. 5
- D. Rs. 1 Discuss
- 4. The cost price of 40 Magazines is the same as the selling price of 'P' articles. If the profit is 25%, then the value of 'P' is:
Options- A. 32
- B. 40
- C. 16
- D. 30 Discuss
- 5. Rishi bought 30 kg of sugar at the rate of Rs. 9 per kg and 45 kg of sugar at the rate of Rs. 10 per kg. He mixed both type of sugar and sold the mixture at the rate of Rs. 9.75 per kg. What was his gain or loss in the selling of whole sugar?
Options- A. Rs. 10.75
- B. Rs. 11.25
- C. Rs. 12
- D. Rs. 13.50 Discuss
- 6. A man buys a trouser in Rs.1250. By reduction of 20% in the price of trouser, he can purchase a t-shirt also in the same amount that was initially paid for the trouser. Find the price of the t-shirt?
Options- A. Rs. 250
- B. Rs. 125
- C. Rs. 225
- D. Rs. 200 Discuss
- 7. By selling 90 pens for Rs 80 a man loses 20%. What should be the selling price (in Rs) of 90 pens for 20% profit?
Options- A. 90
- B. 100
- C. 110
- D. 120 Discuss
- 8. A trader mixes 36 kg of rice at Rs. 20 per kg with 14 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:
Options- A. 25%
- B. 21.14%
- C. 22.54%
- D. 27.32% Discuss
- 9. If watches bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425. What is the greatest possible profit that might be made in selling nine watches ?
Options- A. Rs. 1800
- B. Rs. 2000
- C. Rs. 2025
- D. Rs. 1750 Discuss
- 10. A shopkeeper who deals in books sold a book at 16% loss. Had she charged an additional Rs.60 while selling it , her profit would have been 14%. Find the cost price, in rupees, of the book ?
Options- A. Rs. 185
- B. Rs. 154
- C. Rs. 200
- D. Rs. 177 Discuss
Profit and Loss problems
Search Results
Correct Answer: Rs. 500
Explanation:
Watson bought the book for Rs. 240 and sold to Johny at a profit of 50%.
S.P = C.P(1 + P%/100)
=> S.P for Watson = C.P for Johny = 240(1 + 50/100) = 240 x 1.5 = Rs. 360
Let Johny quoted the marked price of the book as Rs. M
We know, SP = M.P(1 - Discount(%)/100)
Here discount = 10% to Shekar,
S.P for Johny = M(1 - 10/100) = 0.9M
But Johny want to earn 25% profit,
=> S.P = C.P(1 + P%/100)
=> 0.9M = 360(1 + 25/100)
=> M = (360x1.25)/0.9
=> M = Rs. 500
Therefore, Johny should quote Rs. 500 as the marked price of the book to get 25% profit and allowing 10% discount to Shekar.
Correct Answer: 0.95 %
Explanation:
SP of first article = 1000
Profit = 30%
CP = (SP)x[100/(100+P)] = 10000/13
SP of second article = 1000
Loss = 20%
CP = (SP)x[100/(100-L)] = 5000/4 = 1250
Total SP = 2000
Total CP = 10000/13 + 1250 = 2019.23
CP is more than SP, he makes a loss.
Loss = CP-SP = 2019.23 - 2000 = 19.23
Loss Percent = [(19.23)/(2019.23)]x100 = 0.95 %.
Correct Answer: Rs. 3
Explanation:
Let wholesaler dealers marked price = 100%, Retailer's C.P = 80%
And the retailer sells at 5% less than the marked price => S.P = 95%
If S.P of 95% of the retailer costs Rs.19 to customer,so its C.P of 80% will cost 80 x 19/95 = 16
Profit made by the retailer = 19-16 = Rs.3
Correct Answer: 32
Explanation:
Let C.P. of each Magazine be Rs. 1
C.P. of P articles = Rs. P.
S.P. of P articles = Rs. 40.
Profit = Rs. (40 - P)
Now, Gain% = =
Here = 25
-->P = 32.
Correct Answer: Rs. 11.25
Explanation:
Total quantity of sugar = 45 + 30 = 75
Gain or loss can be calculated as
9.75 x 75 - (30 x 9 + 45 x 10)
= 731.25 - 720
= 11.25
Hence, in the overall transaction, Rishi got Rs. 11.25 gain.
Correct Answer: Rs. 250
Explanation:
Initial amount spent on trouser by the man = Rs. 1250
Now, by the reduction of 20% in 1250, he can buy t-shirt too.
=> t-shirt cost = 20% of 1250 = 20 x 1250/100 = 250
Therefore, the price of the t-shirt = Rs. 250.
Correct Answer: 120
Correct Answer: 22.54%
Explanation:
C.P. of 50 kg rice = Rs. (36 x 20 + 14 x 36) = Rs. (720 + 504) = Rs.1224.
S.P. of 56 kg rice = Rs. (50 x 30) = Rs.1500.
Profit = 1500 - 1224 = Rs.276
Profit % = = = 22.54%.
Correct Answer: Rs. 2025
Explanation:
Profit would be maximum if watches are brought for Rs. 200 and sold for Rs. 425
Profit = Rs. (425 - 200) = Rs. 225
Profit of 9 watches = Rs. 225 x 9 = Rs.2,025.
Correct Answer: Rs. 200
Explanation:
Let the C.P be 'x'
Then, the selling price S.P = x - 16x/100
= 84x/100 = 21x/25
Now, if the S.P is 60 more, then the profit is 14%
=> 21x/25 + 60 = x + 14x/100
=> 114x/100 - 21x/25 = 60
=> (57 - 42)x/50 = 60
=> 15x/50 = 60
x = 3000/15 = 200
Therefore, the Cost price C.P = x = Rs. 200
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