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- Question
- If an article is sold at a gain of 6% instead of at loss of 6%, then the seller gets ? 6 more. The cost price of the article is
Options- A. ? 106
- B. ? 50
- C. ? 94
- D. ? 100
- Correct Answer
- ? 50
ExplanationLet CP of the article be ? N,
Then 106% of N - 94% of N = 6
? 12% of N = 6
? N = (6 x 100)/12 = ? 50 - 1. A furniture seller sells two tables ? 1500 each. He earned a profit of 20% on one table and suffered a loss of 20% on the another table. Net profit or loss in this deal is
Options- A. 4% loss
- B. 4% profit
- C. Neither profit nor loss
- D. 10% loss Discuss
- 2. If the cost price of 20 articles is equal to the selling price of 15 articles, find the profit per cent.
Options- A. 331/2 %
- B. 331/3 %
- C. 331/5 %
- D. 331/7 % Discuss
- 3. A dealer sells goods at 4% loss on cost price but he uses 28 g instead of 32 g. What is his per cent profit or loss?
Options- A. 95/7 % gain
- B. 143/7 % loss
- C. 163/7 % gain
- D. 163/7 % loss Discuss
- 4. A dishonest dealer professes to sell his goods at cost price but he uses a weight of 920 g for 1 kg weight. Find his gain per cent
Options- A. 716/23 %
- B. 816/23 %
- C. 516/23 %
- D. 316/23 % Discuss
- 5. A dishonest dealer sells his goods at 10% loss on cost price and uses 30% less weight. What is his profit or loss per cent?
Options- A. 284/7 % loss
- B. 283/7 % gain
- C. 283/7 % loss
- D. 284/7 % gain Discuss
- 6. A man sold two houses for ? 96000 each. In the sale of the first house, he incurred 20% profit and in the sale of the second, he incurred 20% loss. what is the gain or loss percentage in total?
Options- A. 6% gain
- B. 6% loss
- C. 4% gain
- D. 4% loss Discuss
- 7. A sold a watch to B at 40% gain and B sold it to C at a loss of 20%. if C bought the watch for ? 432, at what price did A purchase it?
Options- A. ? 385.71
- B. ? 216
- C. ? 250
- D. ? 550 Discuss
- 8. A man sold an article at loss of 20%. If he sells the article for ? 12 more, he would have gained 10%. The cost of price of the article is?
Options- A. ? 60
- B. ? 40
- C. ? 30
- D. ? 22 Discuss
- 9. By selling an umbrella for ? 30, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% of the marked price. His gain percentage during the sale season is
Options- A. 7
- B. 7.5
- C. 8
- D. 9 Discuss
- 10. On selling an article at ? 530, the gain is 20% more than the loss incurred on selling it at ? 475. In order to gain 20% the selling price will be
Options- A. ? 900
- B. ? 600
- C. ? 700
- D. ? 500 Discuss
Profit and Loss problems
Search Results
Correct Answer: 4% loss
Explanation:
Required loss = (a/10)2%
= (20/10)2% = 4%
Thus, seller gets 4% loss in the deal.
Correct Answer: 331/3 %
Explanation:
Given that, a = 20 and b = 15
According to the formula,
Profit %= [(a - b) / b] x 100 %
= (5/15) x 100% = 100/3 %
= 331/3%
Correct Answer: 95/7 % gain
Explanation:
Given that, a = 4%, b = 28 g and c = 32 g
Required profit = [(100 - a) x (c/b) -100] %
=[(100 - 4) x (32/28) - 100] %
= [96 x (32/28) - 100]%
= [(96 x 8)/7 - 100]%
= (768 - 700)/7 %
= 68/7 %
= 95/7 % gain
+ ve sign shows that profit is earned here.
Correct Answer: 816/23 %
Explanation:
According to the formula,
Gain% = [Error / (True value - Error)] x 100%
= [80/(100 - 80)] x 100%
= (80/920) x 100%
= 816/23 %
Correct Answer: 284/7 % gain
Explanation:
Given that, a = 10% and b = 30%
According to the formula,
Required per cent = [(b - a)/(100 - b)] x 100
= [(30 - 10)/(100 - 30)] x 100
= (20/70) x 100 = 200/7%
= 284/7% profit
Correct Answer: 4% loss
Explanation:
Here, a = 20%
? Total loss percentage = a2/100 %
= (20 x 20)/100
= 4%
Correct Answer: ? 385.71
Explanation:
Let A purchased the watch for ? N
A x [(1+ r1) /100] x [(1+ r2) /100] = CP of article given by C
? N x (140/100) x (80/100) = 432
? N = (432 x 100)/(14 x 8) = ? 385.71
Correct Answer: ? 40
Explanation:
Let the CP = N
According to the question, (110N/100) - (80N/100) = 12
? (11N/10) - (4N/5) = 12
? 11N - 8N = 120
? N = 120/3 = 40
? CP = ? 40
Correct Answer: 8
Explanation:
Given, selling price of an umbrella = ? 30
Profit percentage = 20%
? Cost price of an umbrella = (30 x 100)/120 = ? 25
During the clearance sale, selling price of an umbrella = (30 x 90)/100 = ? 27
? Required profit percentage = [(27 - 25)/25] x 100% = 8%
Correct Answer: ? 600
Explanation:
Let CP = N
Then, according to the question,
(120/100) x (N - 475) = (530 - N)
? (6/5) x (N - 475) = (530 - N)
? (6N - 2850) = (2650 - 5N)
? 11N = 5500
? N = ? 500
? Required SP = (500 x 120)/100 = ? 600
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