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- Question
- By selling a wrist watch of Rs.405 the shopkeeper incurs a loss of 10%. What is the gain or loss percentage if he sells the same watch at Rs. 465?
Options- A. profit of 10%
- B. less of 6 %
- C. profit of 3.33 %
- D. no profit no loss
- Correct Answer
- profit of 3.33 %
ExplanationCP = 405 / 0.9 = 450
New SP = Rs. 465
Profit (%) = [465-450 / 450] X 100 = 3.33% - 1. The cost price of 24 apples is same as the selling price of 18 apples. The percentage of gain is
Options- A. 121/2%
- B. 142/3%
- C. 162/3%
- D. 331/3% Discuss
- 2. A man sells calculator at the rate of ? 250 each which includes a profit of 14%. What amount of profit while he earn in 19 days, if he sells 7 calculator per day?
Options- A. ? 4665
- B. ? 4565
- C. ? 4545
- D. ? 4655 Discuss
- 3. If the difference between the selling prices of an article at profit of 6% and 4% ? 3, then the cost price of the article should be?
Options- A. ? 100
- B. ? 150
- C. ? 175
- D. ? 200 Discuss
- 4. The profit earned after selling an article for ? 625 is same as the loss incurred after selling the article for ? 435. The cost price of the article is
Options- A. ? 520
- B. ? 530
- C. ? 540
- D. ? 550 Discuss
- 5. Some apples are bought at 5 for ? 10 and sold at 6 for ? 15. What is the gain percent?
Options- A. 35%
- B. 45%
- C. 20%
- D. 25% Discuss
- 6. A dealer buys a washing machine. listed at Rs. 10000 and gets 10% and 20% successive discounts. He spends 10% of his CP on transport.At what price (in rupees) should he sell the washing machine to earn a profit of 10%?
Options- A. 8722
- B. 7892
- C. 8712
- D. 8840 Discuss
- 7. A person loses Rs. 20 by selling some bananas at the rate of Rs. 3 per banana and gains Rs.30, if he sells them at Rs. 3.25 per banana. The number of bananas sold by him?
Options- A. 100
- B. 200
- C. 120
- D. 2400 Discuss
- 8. A fruit seller declares that he sells fruits at the cost price However, He use a weight of 450 g instead of 500 g. His percentage profit is
Options- A. 10 %
- B. 11 1/9 %
- C. 12 %
- D. 12 2/9 % Discuss
- 9. Two third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs. 400, the value of the consignment (in rupees) was :
Options- A. 15000
- B. 20000
- C. 10000
- D. 12000 Discuss
- 10. A trader use a weighing balance that shows 1250 g for a kilogram. He further marks- up his cost price by 20%. what is the profit percentage?
Options- A. 5 %
- B. 45 %
- C. 50 %
- D. 30 % Discuss
Profit and Loss problems
Search Results
Correct Answer: 331/3%
Explanation:
Here, 6 apples are gained over 18 apple.
? Gain percent = (6/18) x 100 %
= 331/3%
Correct Answer:
Explanation:
Profit on one calculator
= 250[1- (100/114)] = ? 30.70
? Total amount of the profit
= 19 x 7 x 30.70
= ? 4083.10
Correct Answer: ? 150
Explanation:
Let CP = N
According to the question
(106N/100) - (104N/100) = 3
? 2N/100 = 3
? N = 300/2
= ? 150
Correct Answer: ? 530
Explanation:
Let CP = x
According to the question,
625 - x = x - 435
? 2x = 1060
? x = 1060/2 = ? 530
Correct Answer: 25%
Explanation:
Let number of apples bought = 5 x 6 = 30 [LCM of 5 and 6]
CP = (10/5) x 30 = ? 60
SP = (15/6) x 30 = ? 75
? Gain = SP - CP = 75 - 60 = ? 15
? Gain % = (15/60) x 100 % = 25%
Correct Answer: 8712
Explanation:
Price after 10% discount = 10000 - 10 % of 10000 = 10000 - 0.1 x 10000 = 9000
Price after another 20% discount = 9000 - 20 % of 9000 = 7200
Price after 10% of transportation charges = 7200 + 7200 x 0.1 = 7920
Price after 10% of profit = 7920 + 7920 x 0.1 = 8712
? Selling price = 8712
Correct Answer: 200
Explanation:
Go through options. Consider option (b)
200 x 3.25 - 200 x 3 = Rs. 50 = ( 30+20 )
Hence option, (b) is correct
Alternatively: Rs. 0.25 is the difference on 1 banana
Rs. 1 is the difference on 1/0.25 = 4 bananas
Rs. 50 is the difference on 4 x 50 = 200 bananas
Correct Answer: 11 1/9 %
Explanation:
Profit (%) = goods lefts / goods sold X 100 = ( 50 / 450 ) X 100 = 111/9 %
Alternatively : Suppose CP of 1g is Rs.1 then he sells goods worth Rs.450 only and charges Rs.500. So the profit is Rs.50 over the sale price of Rs. 450.
Correct Answer: 15000
Explanation:
The best way is to go through option. Consider option (a)
Total profit = 15000 x ( 2 / 3 ) x 5 %
= 15000 x ( 2 / 3 ) x ( 5 / 100) = 500
Total loss = 15000 x ( 1 / 3 ) x 2 %
= 5000 x ( 1 / 3 ) x ( 2 / 100) = 100
Net gain = ( 500 - 100 ) = Rs. 400
Hence: option (a) is correct.
Alternatively : [( 1.05 X 2x/3 + 0.98 x/3) - x] = 400
? x=15000
Correct Answer: 50 %
Explanation:
Let the cost price of one gram be Rs. 1, then the mark up price be Rs. 1.2 per g.
Now he sells 1000 g which seems to be 1250 g so he charges to a customer 1250 X 1.2 = Rs. 1500 for 1000 g (or Rs. 1000)
Thus his profit % 1500 -1000 / 1000 X 100 = 50 %
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