Profit and Loss problems
- 1. A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% higher, then the invest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest ?
Options- A. 4% p.a.
- B. 6% p.a.
- C. 8% p.a.
- D. 12% p.a. Also asked in: AIEEE, Bank Exams, CAT, GRE, Bank Clerk, Bank PO
Correct Answer: 12% p.a.
Explanation:
If the interest earned is 25% more than the earlier interest then the rate of interest also should be 25% higher than the earlier rate.
Let the earlier rate of interest be x%.
Now it will be (x + 3)%
% increase = (x + 3) - x/x * 100 = 25
=> x = 12%
- 2. The price of an article has been reduced by 35%. In order to restore the original price the new price must be increased by ?
Options- A. 51.8 %
- B. 49.25 %
- C. 47.2 %
- D. 53.84 % Also asked in: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO
Correct Answer: 53.84 %
Explanation:
100
65
-------
65 ------- 35
100 ------ ? => 53.84 %
- 3. Mr. Kiran sold a bus for Rs. 18700 at a loss of 15%. At what price should the bus be sold to get a profit of 15%?
Options- A. Rs. 25523
- B. Rs. 25522
- C. Rs. 25300
- D. Rs. 25521 Also asked in: Bank Exams
Correct Answer: Rs. 25300
- 4. Selling price of a glass is Rs 1965 and loss percentage is 25%. If selling price is Rs 3013, then what will be the profit percentage?
Options- A. 13
- B. 10.4
- C. 15
- D. 20 Also asked in: Bank Exams
Correct Answer: 15
- 5. The cost price of 60 articles is same as the selling price of x articles. If there is a profit of 20%, then what is the value of x?
Options- A. 15
- B. 30
- C. 50
- D. 80 Also asked in: Bank Exams
Correct Answer: 50
- 6. Mohit buys an old bicycle for Rs 2700 and spends Rs 500 on its repairs. If he sells the bicycle for Rs 3520, then what is his profit percentage?
Options- A. 10
- B. 12.5
- C. 15
- D. 20 Also asked in: Bank Exams
Correct Answer: 10
- 7. A shopkeeper marks up his wares by 80% and offers 20% discount. What will be the selling price (in Rs) if the cost price is Rs 450?
Options- A. 548
- B. 748
- C. 848
- D. 648 Also asked in: Bank Exams
Correct Answer: 648
- 8. The marked price of a chair is 40% more than its cost price. If the chair is sold for Rs 520 after a discount of Rs 40, then what will be the profit percentage?
Options- A. 33
- B. 40
- C. 25
- D. 30 Also asked in: Bank Exams
Correct Answer: 30
- 9. A shopkeeper by selling 5 items, earns a profit equal to the selling price of 1 item. What is his profit percentage?
Options- A. 20%
- B. 25%
- C. 16%
- D. 22.5% Also asked in: Bank Exams
Correct Answer: 25%
- 10. A trader buys 500 kgs of cotton for Rs 9,000. 10% of this cotton is spoiled due to rain. At what rate (Rs/Kg) should he sell the rest to earn 10% profit?
Options- A. 25
- B. 30
- C. 22
- D. 20 Also asked in: Bank Exams, CAT
Correct Answer: 22
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