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- Question
Arun is a cashew merchant in Telangana. He has cashews in sealed wooden boxes of 10kg each. The price of the cashew increases by Rs.20 per kg for every year, but at the same time, 10% of the cashews are eaten by rodents every year. If the price of a 1 kg of fresh cashew is Rs.120, what is the change in his profits if he sells a sealed box after one year of storage, rather than selling it fresh ? (In Rs.)
Options- A. Rs. 60
- B. Rs. 54
- C. Rs. 80
- D. Rs. 75
- Correct Answer
- Rs. 60
ExplanationPrice of 1kg fresh cashew = Rs.120
Therefore, price of 10kg = Rs.120 x 10 = Rs.120010% of 10kg which eaten by rodents = 10 x 10/100 = 1kg.
So, End of Year he had 10kg - 1kg = 9kg
So, he sells that 9kg with Rs.20 per kg profit = 9 x 140 = 1260.
He buy 10kg wooden box with cashew for Rs.1200 and sell that for Rs. 1260
So, profit = 1260 - 1200 = Rs.60 more money he get.
- 1. A shopkeeper wants to earn 33% profit on an article after offering 30% discount. By how much percentage more he should mark the price of his article above cost price?
Options- A. 90
- B. 63
- C. 69
- D. 72 Discuss
- 2. A trader buys 500 kgs of cotton for Rs 9,000. 10% of this cotton is spoiled due to rain. At what rate (Rs/Kg) should he sell the rest to earn 10% profit?
Options- A. 25
- B. 30
- C. 22
- D. 20 Discuss
- 3. A shopkeeper by selling 5 items, earns a profit equal to the selling price of 1 item. What is his profit percentage?
Options- A. 20%
- B. 25%
- C. 16%
- D. 22.5% Discuss
- 4. The marked price of a chair is 40% more than its cost price. If the chair is sold for Rs 520 after a discount of Rs 40, then what will be the profit percentage?
Options- A. 33
- B. 40
- C. 25
- D. 30 Discuss
- 5. A shopkeeper marks up his wares by 80% and offers 20% discount. What will be the selling price (in Rs) if the cost price is Rs 450?
Options- A. 548
- B. 748
- C. 848
- D. 648 Discuss
- 6. A person sold two cows each for Rs.9900. If he gained 10% on one and lost 20% on the other, then which of the following is true ?
Options- A. He lost Rs. 200
- B. He gained Rs. 200
- C. Neither he gained nor lost
- D. None of the above Discuss
- 7. A bottle is sold at a loss of 9%. Had it sold for Rs. 15 more, a profit of 25/2% would have gained. What is the cost price of the bottle (approx)?
Options- A. Rs. 32
- B. Rs. 35
- C. Rs. 36
- D. Rs. 33 Discuss
- 8. While selling an article for Rs 18450, a person suffered a loss of 50%. At what price he should have sold the article (in Rs) to earn a profit of 50%?
Options- A. 13837
- B. 52000
- C. 55350
- D. 56775 Discuss
- 9. If a shop keeper marks his goods for a certain amount so as to get 25% gain after allowing a discount of 20%, then his marked price is
Options- A. Rs.156.25
- B. Rs.146.25
- C. Rs.166.25
- D. Rs.150.25 Discuss
- 10. To make a profit of 20% the selling price of the good is Rs. 240. The cost price of the good is,
Options- A. Rs. 200
- B. Rs. 210
- C. Rs. 220
- D. Rs. 230 Discuss
Profit and Loss problems
Search Results
Correct Answer: 90
Correct Answer: 22
Correct Answer: 25%
Correct Answer: 30
Correct Answer: 648
Correct Answer: None of the above
Explanation:
In first he got Rs. 990
But in second he lost Rs. 1980
So he lost Rs. 990.
Correct Answer: Rs. 35
Explanation:
Let the cost price of the bottle = Rs. 100
Selling price of the bottle = Rs. 100 - Rs. 9 = Rs. 91
Then, from the given data,
=> 112 (1/2) - 91 = 15
=> 21 (1/2) = 15
=> 43 = 15
Then 100 = ?
1500/43 = 34.885 =~ 35
Hence, the cost price of the bottle = Rs. 35
Correct Answer: 55350
Correct Answer: Rs.156.25
Correct Answer: Rs. 200
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