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- Question
- When the price of a toy was increased by 20%, the number of toys sold was decreased by 15%. What was the effect on the sales of the shop?
Options- A. 4% increased
- B. 4% increased
- C. 2% increased
- D. 2% decreased
- Correct Answer
- 2% increased
ExplanationLet original of each toy be Rs. 100 and number originally sold be 100.
? originaly sale proceeds = Rs. (100 x 100) = Rs. 10000
New sale proceeds = Rs. (120 x 85) = Rs. 10200
? Increase% = (200 x 100 / 10000)% = 2% - 1. Jimmy bought paper sheets for Rs. 7200 and spent Rs. 200 on transport paying Rs. 600 he had 330 boxes made, which he sold at Rs. 28 each. What is his profit percentage?
Options- A. 15.5
- B. 40
- C. 60
- D. None of these Discuss
- 2. Toffees are bought at the rate of 8 for a rupee. To gain 60% they must be sold at?
Options- A. 6 for a rupee
- B. 5 for a rupee
- C. 9 for Rs. 2
- D. 24 for Rs. 5 Discuss
- 3. The C.P. of an article is 40% of the S.P. The per cent that the S.P. is of C.P. is?
Options- A. 40
- B. 60
- C. 240
- D. 250 Discuss
- 4. A discount series of 10%, 20% and 40% is equal to single discount of?
Options- A. 50%
- B. 56.80%
- C. 70%
- D. 70.28% Discuss
- 5. The loss incurred on selling an article for Rs. 270 is as much as the profit made after selling it at 10% profit. The C.P. of the article is?
Options- A. Rs. 90
- B. Rs. 110
- C. Rs. 363
- D. Rs. 300 Discuss
- 6. A dealer professing to sell at cost price uses a 900 gms weight for a kilogram. His gain percent is?
Options- A. 9
- B. 10
- C. 11
- D. 111/9 Discuss
- 7. A dealer sold two T.V. sets for Rs. 3700 each. on one he gained 10% and one other he lost 10%. The dealer's loss or gain per cent is?
Options- A. 0%
- B. 0.1%
- C. 1% gain
- D. 1% loss Discuss
- 8. A man sold two houses for Rs. 7.81 lakhs each. On one he gained 5% and on the other he lost 5%. What percent is the effect of the sale on the whole?
Options- A. 0.25% loss
- B. 0.25 % gain
- C. 25 % loss
- D. 25 % gain Discuss
- 9. Pofit after selling commodity for Rs. 425 is same as loss after selling it for Rs. 355. The cost of the commodity is?
Options- A. Rs. 385
- B. Rs. 390
- C. Rs. 395
- D. Rs. 400 Discuss
- 10. If two mixers and one T.V. cost Rs. 7000, while two T.V.s and one mixer cost Rs. 9800. The value of one T.V. is?
Options- A. Rs. 2800
- B. Rs. 2100
- C. Rs. 4200
- D. Rs. 8400 Discuss
Profit and Loss problems
Search Results
Correct Answer: 15.5
Explanation:
C.P. of 330 boxes = Rs. (7200 + 200 + 600) = Rs.8000
S.P. of 330 boxes = Rs. (330 x 28) = Rs. 9240
? Gain % = (1240 / 8000) x 100 % = 15.5%
Correct Answer: 5 for a rupee
Explanation:
Suppose he buys 8 toffees
Then, C.P. = Re. 1
Gain = 60%
? S.P. = Rs. (160 / 100 x 1) = Rs. 8 / 5
For Rs. 8 / 5, toffees sold = 8
For Re. 1 toffees sold = (8 x 5) / 8 = 5
So, he must sell them at 5 for a rupee
Correct Answer: 250
Explanation:
Let S.P. = Rs. 100
Then C.P. = Rs. 40
? Required percent = (100/40) x 100% = 250%
Correct Answer: 56.80%
Explanation:
Let original price = Rs. 100
Price after 1 st discount = Rs. 90
Price after 2 nd discount = Rs. (80/100) x 90 = Rs. 72
Price after 3 rd discount = Rs. (60/100) x 72 = Rs. 43.20
? Single equivalent discount = (100 - 43.20) = 56.8%
Correct Answer: Rs. 300
Explanation:
Let C.P.be Rs. x then, x - 270 = 10% of x = x / 10
? x = 300
Correct Answer: 111/9
Explanation:
Gain% = {Error / (True value - Error)} x 100 %
= (100/900) x 100) %
= 111/9%
Correct Answer: 1% loss
Explanation:
Loss% = (Common gain or loss% / 10)2
= (10 / 10)2 = 1%
Correct Answer: 0.25% loss
Explanation:
Loss% ( common gain or loss % / 10)2
= ( 5/10 )2 = 1/4 % = 0.25%
Correct Answer: Rs. 390
Explanation:
Let C.P. = Rs. x then, 425 - x = x - 355
? 2x = 780
? x = 390
Correct Answer: Rs. 4200
Explanation:
2 x + y = 7000 ....(i)
x + 2 y = 9800 .....(ii)
Solving (i) and (ii), we get,
y = 4200
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