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- Question
- Jhun Jhunwala makes 1000 toys and incurs a cost of Rs. 1.2 for each toy. He marks-up the price in such a way that if he sells only 70% of manufactured toys he will realize 16.66% overall profit. He sells only 750 articles at the marked price since rest of the toys are found to be defective so can't be sold. What is the net profit or loss of Jhun Jhunwala?
Options- A. 14.44% loss
- B. 25% profit
- C. 33.33% profit
- D. none of these
- Correct Answer
- 25% profit
ExplanationTotal cost price = 1000 x 1.2 = Rs. 1200
Expected selling price = 700 x selling price per toys = 1200 X 1.1666 = 1400
? Selling price per toys = Rs. 2 per toy
Now the real selling price = 750 x 2 = Rs.1500
? Profit = Rs. 300 = (1500 - 1200)
? Profit % = ( 300 / 1200 ) x 100 = 25% - 1. In the Bargain Bazar everyone purchase with a fair bargaining, so the traders markup the prices too much. A trader marked up an article at Rs. M expected huge profit if it is sold on the marked price. But a customer purchased it at M/2 with his fine bargaining skills, so the expected profit of the trader diminished by 66.66%. What is the percentage discount fetched by the customer through bargaining?
Options- A. 33.33 %
- B. 50%
- C. 66.66%
- D. none of these Discuss
- 2. Teenagers shoe company sells the shoes whose prices i.e.,cost price and selling price are the multiples of either 13,14,15,16,17,18 or 19, starting from Rs. 399 to Rs.699 (i.e, 399 <_ CP/SP <_ 699). What can be the maximum profit of the company?
Options- A. Rs. 292
- B. Rs. 398
- C. Rs. 298
- D. Rs. 300 Discuss
- 3. Jagran group launched a new magazine in January 2004. The group printed 10000 copies initially for Rs. 50000. It distributed 20% of its stock freely as specimen copy and 25% of the rest magazine are sold at 25% discount and rest at 16.66% discount whose printing price was Rs.12 per copy. What is the overall gain or loss in the first month's issue of magazine, if the magazine could not realize the income from advertisements or other resources?
Options- A. 56% profit
- B. 27% loss
- C. 16.66% profit
- D. 38% profit Discuss
- 4. Pankaj and Sushil invested some amount of money in the ratio of 3 : 5 for the same period in the business.They decided that at the end of the year 20% profit was to be given to AIDS Control Society of india as a donation. Out of the remaining, 75% was to be reinvested and the rest of the profit was to be divided as interest on their capitals.If the difference in there share is Rs. 1200. Find the total profit?
Options- A. 18000
- B. 24000
- C. 20000
- D. none of these Discuss
- 5. Akram Miya has two types of grapes. One is the fresh grapes containing 80% water and dry grapes containing 25% water. He sells 20 kg dry grapes, by adding water to the dry grapes, at cost price. What is the total profit percentage when after adding water the weight of 20 kg dry grapes increase in the proportion of water in fresh grapes?
Options- A. 275%
- B. 200%
- C. 80%
- D. 125% Discuss
- 6. Anupam sells a painting to Bhargava at 4/5 th the rate of profit at which Bhargava sells it to Chaudhary. Further Chaudhary sells it to Dara Singh at half the rate of profit at which Anupam sold it to Bhargava. If Chaudhary earns a profit of 10% by selling it to Dara Singh for Rs. 2805. What is the cost price of painting from Bhargava?
Options- A. 1896
- B. 2040
- C. 1680
- D. 2000 Discuss
- 7. Rotomac produces very fine quality of writing pens. Company knows that on average 10% of the produced pens are always defective so are rejected before packing. Company promises to deliver 7200 pens to its wholesaler at Rs. 10 each. It estimates the overall profit on all the manufactured pens to be 25%. What is the manufacturing cost of each pen?
Options- A. Rs. 6
- B. Rs. 7.2
- C. Rs. 5.6
- D. Rs. 8 Discuss
- 8. Prathiba printers prepares diaries expecting to earn a profit of 40% by selling on the marked price. But during transportation 8% diaries were got spoiled due to at random rain and 32% could be sold only at 75% of the cost price. Thus the remaining 60% diaries could be sold at the expected price. What is the net profit or loss in the whole consignment?
Options- A. 6%
- B. 10%
- C. 8%
- D. can't be determined Discuss
- 9. Radhey Lal markup the prices of sweets by 40% and he sold only 40% of those at this price. He sells half of the rest at 14 2/ 4% discount and rest at 25% discount. What is the net profit of Radhey Lal?
Options- A. 26.5%
- B. 23.5%
- C. 30%
- D. 28.6% Discuss
- 10. A trader marks up his goods by 80% and gives discount of 25%. Besides it he weighs 10% less amount while selling his goods. What is the net profit of trader?
Options- A. 50%
- B. 35%
- C. 45%
- D. 55% Discuss
Profit and Loss problems
Search Results
Correct Answer: 50%
Explanation:
Let the CP be 100 and % mark up be k% then
MP = 100 + k
100 + k is also expected SP but actual SP = 100 + k / 2
? [(100 + k / 2)] / k = (200 / 3) x 100 (= 66.66%)
? k = 300
? CP = 100 and MP = 400
Finally SP = 400 / 2 = 200
? Discount = 200 / 400 X 100 = 50%
Correct Answer: Rs. 298
Explanation:
The maximum possible profit = maximum possible difference in SP and CP.
It means SP be maximum and CP be minimum
CP (min) = Rs. 399
19 x m = 399, where m is an integer.
Again SP (max) = Rs. 697, which is very close to 699
Here 697 = 17 k, k is a positive integer.
So, the maximum profit = 697 - 399 = Rs. 298
Correct Answer: 56% profit
Explanation:
Total cost = Rs. 50,000
Total sale price (or revenue) = (2000 x 9) + (6000 x 10) = 78,000
Profit (%) = [ 28000 / 50000 ] x 100
= 56%
Correct Answer: 24000
Explanation:
Let the total profit = 100
Amount left after donation = 50
Amount left after reinvestment = 20
Now, 5y/8 - 3y/8 = 1200
where y is the amount left after reinvestment
? 2x/8 = 1200
? x = 4800
? total profit = 4800 x 5 = 24000
Correct Answer: 275%
Explanation:
Fresh grapes
Water: Pulp = 80% : 20% = 4 : 1
Dry grapes
Water: Pulp = 25% : 75% = 1 : 3
So out of 20 kg dry grapes, Water : Pulp = 5 kg : 15 kg
After adding of water the ratio of water : pulp is same as the fresh grapes = 4 : 1
So after adding water the quantity of Water and Pulp are 60 kg and 15 kg respectively.
Thus to make dry grapes similar to the fresh grapes, Akram requires 55 kg water with 20kg of dry grapes.
So, the profit (%) = (55 / 20) x 100 = 275 %
Correct Answer: 2040
Explanation:
From question, Chaudhary's profit = 10%.
So, Anupam's profit = 20%
Bhargava profit = 25%
Now Let cost price for Anupam = Rs. 100
So cost price for Bhargava = 120
Cost price for Chaudhary = 150
Cost price for Dara Singh = 165
Since the cost price for Dara singh is 2805 which is 17 times of 165. So the cost price for Bhargava is 120 x 17 = Rs. 2040.
Correct Answer: Rs. 7.2
Explanation:
You must know that the company is able to deliver only 90% of manufactured pens. So let k be the manufacturing price of a pen, then
Total income (including 25% profit) = 8000 x k x 1.25
Also this same income is obtained by selling 90% manufactured at Rs.10 which is equal to 7200 x 10.
Thus 8000 x K x 1.2 = 7200 x 10
? K = Rs. 7.2 ( 90% of 8000 = 7200)
Correct Answer: 8%
Explanation:
Let the numbers of diaries (produced) be 100 and the cost price of a diary be Rs. 1 then
Total cost incurred = 100 x 1 = 100
Total sale price = 32 x 0.75 + 60 x 1.4 = 108
Therefore profit = Rs. 8
Thus there is 8% profit.
Note : Marked price (i.e. expected) = 40% above the cost price.
Correct Answer: 23.5%
Explanation:
Let the number of the sweets be 100 and the cost price of the one piece of sweet = Re.1
Then, total cost price = 100 x 1 = Rs. 100
Total sale price = (40 x 1.4) + (30 x 1.2) + (30 x 1.05) =123.5
? Profit (%) = 123.5 - 100 = 23.5%
Correct Answer: 50%
Explanation:
Consider actual price of 1 g goods = Re. 1.
He sells the product equals to Rs. 90 only (10% less weighing)
Again MP = Rs.1.8 and SP = 1.35 for 1 g.
Thus he gives the goods worth Rs. 90 and charges Rs. 135 after 25% discount.
Thus the profit % = [(135 - 90) / 90 ] x 100
= 50%
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