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- Question
- A man sold two watches, each for ? 495. If he gained 10% on one watch and suffered a loss of 10% on the other, then what is the loss of gain percentage in the transaction?
Options- A. 1 % gain
- B. 1% loss
- C. 100/99% loss
- D. Neither gain nor loss
- Correct Answer
- 1% loss
ExplanationLoss % = (a/10)2%
= (10/10)2%
= 1% - 1. A person sold a watch at a profit of 10%. If he had sold it for ? 2000 more, he would have gained 20%. Find the CP of watch?
Options- A. ? 15000
- B. ? 10000
- C. ? 20000
- D. ? 25000 Discuss
- 2. The price of a land passing through three hands, rises on the whole by 65%. If the first and second sellers earned 20% and 25% profit, respectively. Find the profit earned by the third seller?
Options- A. 20%
- B. 55%
- C. 10%
- D. 25% Discuss
- 3. A dealer bought 80 cricket bats for ? 50 each. He sells 20 of them at a gain of 5%. What must be the gain percentage of the remaining bats, so as to get 10% gain on the whole?
Options- A. 32/11%
- B. 121/2%
- C. 112/3%
- D. ? 3350 Discuss
- 4. 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
- 5. 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
- 6. A person sold an article for ? 136 and got 15% loss, had he sold it for ? N, he would have got a profit of 15%. Which one of the following is correct?
Options- A. 190 < N < 200
- B. 180 < N < 190
- C. 170 < N < 180
- D. 160 < N < 170 Discuss
- 7. A Shopkeeper purchased some books from a publication worth ? 750. Because of some reasons, he had to sell two-fifth part of the book at a loss of 15%. On which gain he should sell his rest of the books, so that he gets neither nor loss
Options- A. 10%
- B. 9%
- C. 12%
- D. 15% Discuss
- 8. A dishonest dealer sells articles at 10% loss on cost price but uses the weight of 16g instead of 18g. What is his profit or loss per cent?
Options- A. 11/4% gain
- B. 11/4% loss
- C. 31/4% loss
- D. 51/4% gain Discuss
- 9. A Seller uses 920g in place of one kg to sell his goods. When he sells his article at 15% gain on cost price, the actual percentage of profit is?
Options- A. 20%
- B. 15%
- C. 25%
- D. 30% Discuss
- 10. A man sells rice at 10%profit and uses weight 30% less then the actual measure. His gain percent is?
Options- A. 572/8%
- B. 571/7%
- C. 572/5%
- D. 573/7% Discuss
Profit and Loss problems
Search Results
Correct Answer: ? 20000
Explanation:
Here, a = 10% , b = 20% , r = 2000
According to the formula
CP of watch = [r/(b - a)] x 100 = [2000/(20 - 10)] x 100
= (2000 x 100)/10
= ? 20000
Correct Answer: 10%
Explanation:
Required profit = (100 + 65) x (100/120) x (100/125) - 100
= 110 - 100 = 10%
Correct Answer: 112/3%
Explanation:
Let required percentage profit = N%
According to the question,
10% of (80 x 50) = 5% of (20 x 50) + N% of (60 x 50)
? (80 x 50 x 10)/100 = [(20 x 50 x 5)/100] + (60 x 50 x N)/100
? 80 = 10 + 6N
? N = 70/6 = 112/3%
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
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: 180 < N < 190
Explanation:
Cost price = (selling price x 100)/(100 - loss%)
= (136 x 100)/(100 - 15)
= (136 x 100)/85
= ? 160
Selling price (N) = 160 x (100 + 15)/100 = (160 x 115)/100
= ? 184
? Option (b) is correct because
[180 < N < 190].
Correct Answer: 10%
Explanation:
Here, A = 2/5, R = 15%
According to the formula
Gain % = AR/(1 - A)%
= [(2/5) x 15]/[1 - (2/5)]%
= (6 x 5)/3%
= 10%
Correct Answer: 11/4% gain
Explanation:
Given that a = 10% , b = 16g and c = 18g
= [(100 - a)c /b - 100)]%
= [(100 - 10) x 18/16 - 100]%
= [90 x 18/16 - 100]%
= [90 x 9/8 - 100]%
= 810/8 - 100 %
= (810 - 800) / 8 %
= 10/8 % = 5/4 %
=11/4% gain
Correct Answer: 25%
Explanation:
Let cost price = ? 1000
? Actual cost price = ? 920
Selling price = (1000 x 115)/100 = ?1150
? Actual profit percentage = (1150 - 920)/(920 x 100) = 25%
Correct Answer: 571/7%
Explanation:
Let the marked weight = 1 kg = 1000g
Real weight = 70% of 1000 = 700g
Let CP of 1g = ? 1
? CP of 700g = ? 700
CP of 1000g = ? 1000
SP = 110% of 1000
= 110/100 x 1000 = ? 1100
Gain = 1100 - 700 = ? 400
? Gain % = (400/700) x 100%
= 571/7%
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