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- Question
Anmol soldtwo items for Rs 1000 each. On one, he gained 10% and on other, he lost 10%. How much did he gain or lose in the whole transaction?
Options- A. profit,0.95%
- B. loss,1%
- C. profit,10%
- D. loss,10%
- Correct Answer
- loss,1%
ExplanationLet the two item be A and B.
Cost price of A be x and cost price of B be y.
A sold for Rs 1000 on 10 % gain = 1.1x =1000
x= 1000/1.1 = 909.09
B sold for Rs. 1000 on 10% loss = 0.9y =1000y= 1000/0.9 = 1111.11
Total cost price of A and B = 2020.20
Selling price of A and B = 2000
Loss % = (2020.20 ?2000)/2000 X 100
= 1.01 % loss
- 1. Mr. Rajesh buys a toy for Rs. 27.50 and sells it for Rs. 28.60. Find the gain %.
Options- A. 5%
- B. 4%
- C. 6%
- D. 3% Discuss
- 2. By selling a used phone for Rs.7260 Sanjan got 34% less than what it cost him to buy it a few years ago.At what price should Sanjan have sold the phone to gain a profit of 5%?
Options- A. ? 11,460
- B. ? 11,480
- C. ? 11,440
- D. None Discuss
- 3. The marked price of an article is 10/7 of the cost price and the selling price of that article is 4/5 of the marked price. What is the profit percentage?
Options- A. 17.24
- B. 16.66
- C. 14.28
- D. 15.42 Discuss
- 4. A trader had 2000 kgs of rice. He sold a part of it at 10% profit and the rest at 16% profit, so that he made a total profit of 14.2%. How much rice (in kg) did he sell at 10% profit?
Options- A. 1400
- B. 600
- C. 800
- D. 1000 Discuss
- 5. A wholesaler sells a watch to a retailer at a profit of 8% and the retailer sells it to a customer at a profit of 12%. If the customer pays Rs. 8,448 what had it cost (approximately) to the wholesaler (in Rs)?
Options- A. 6984
- B. 6082
- C. 7120
- D. 7022 Discuss
- 6. If the selling price is doubled, the profit triples. The profit percent is
Options- A. 66.6%
- B. 150%
- C. 100%
- D. 190% Discuss
- 7. A shopkeeper by selling 20 Timex watches, earns a profit equal to the selling price of 4 Timex watches. His profit percentage is
Options- A. 20 percent
- B. 25 percent
- C. 30 percent
- D. 50 percent Discuss
- 8. Ravi sold a smartphone for Rs. 30,000. Had he offered a discount of 10% on the selling price(SP), he would have earned a profit of 35%. What is the cost price?
Options- A. Rs. 20,000
- B. Rs. 22,000
- C. Rs. 24,000
- D. Rs. 26,000 Discuss
- 9. The annual salary of Arun is 7.68 lac. If he spends Rs. 12000 on his children, 1/13th of rest of the salary on food and Rs. 8000 in mutual funds, then find the monthly saving he is left with?
Options- A. Rs. 38000/-
- B. Rs. 39500/-
- C. Rs. 40000/-
- D. Rs. 41250/- Discuss
- 10. I gain 19% if I sell an article for Rs. 595. What would be my gain or loss percentage if I sell it for Rs. 475?
Options- A. Gain 5%
- B. Loss 5%
- C. Loss 10%
- D. Gain 10% Discuss
Profit and Loss problems
Search Results
Correct Answer: 4%
Correct Answer: None
Correct Answer: 14.28
Correct Answer: 600
Correct Answer: 6984
Correct Answer: 100%
Explanation:
Let CP be x and SP be y.
3(y ?x) = (2y ?x)y = 2x
Profit = y ?x = 2x ?x = x
Profit% = x/x X 100 = 100%
Correct Answer: 25 percent
Correct Answer: Rs. 20,000
Explanation:
Correct Answer: Rs. 40000/-
Explanation:
Annual salary of Arun = 7,68,000 Rs.
Monthly salary = 7,68,000/12 = Rs. 64,000
Spending on children = Rs. 12,000
Rest = 52,000
1/13th of the rest = 52,000/13 = Rs. 4,000 is spent on food.
Rs. 8,000 is spent in mutual funds.
Monthly savings = 64,000 - (12,000+4,000+8,000) = Rs. 40,000.
Correct Answer: Loss 5%
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