Profit and Loss problems
- 1. If a trader sold two cars each at Rs. 325475 and gains 12% on the first and loses 12% on the second, then his profit or loss percent on the whole is ?
Options- A. 1.44% loss
- B. 14.4% loss
- C. 0%
- D. 14.4% profit Also asked in: AIEEE, Bank Exams, CAT, Bank Clerk, Bank PO
Correct Answer: 1.44% loss
Explanation:
SP of each car is Rs. 325475, he gains 12% on first car and losses 12% on second car.
In this case, there will be loss and percentage of loss is given by
= [(profit%)(loss%)]/100 = (12)(12)/100 % = 1.44%
- 2. A sold an article to B at 40% profit and B sold it to C at 50% profit, then what will be profit percent with respect to A ?
Options- A. 97 %
- B. 110 %
- C. 135 %
- D. 115 % Also asked in: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO
Correct Answer: 110 %
Explanation:
% Profit with respect to A = 40 + 50 + (40 x 50)/100 = 90 + 20 = 110 %.
- 3. If a trader sold two cars each at Rs. 404415 and gains 15% on the first and loses 15% on the second, then his profit or loss percent on the whole is ?
Options- A. 1.44 %
- B. 2.02 %
- C. 1.04 %
- D. 2.25 % Also asked in: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO
Correct Answer: 2.25 %
Explanation:
SP of each car is Rs. 404415, he gains 15% on first car and losses 15% on second car.
- 4. If cost price of an article is 75% of its selling price, then what will be the profit percentage?
Options- A. 23.47
- B. 25
- C. 33.33
- D. 20 Also asked in: Bank Exams, GATE, Bank Clerk, Bank PO
Correct Answer: 33.33
- 5. A shopkeeper gives 20% discount on the marked price of a book. He provides 1 pair of books free with the sale of 9 pair of books. In the whole transaction, he gets profit of 26%. Find the percentage increase in marked price from the cost price.
Options- A. 35%
- B. 65%
- C. 75%
- D. 26% Also asked in: Bank Exams, Bank PO, Bank Clerk
Correct Answer: 75%
Explanation:
Given,Let the cost price of single book be Rs. 100.
The cost price of (9 + 1) = 10 pair i.e. 20 books = Rs. (100 × 20) = Rs. 2000.He gets profit of 26%.
So, the selling price of 9 pair i.e. 18 books = Rs. 2000 × (126/100) = Rs. 2520
Then,the selling price of single book = Rs. 2520/18 = Rs. 140
He gives 20% discount on the marked price of a book.
That means, when the selling price is Rs. 80 then the marked price is Rs. 100.
?When the selling price of single book is Rs. 140, the marked price = Rs. 140 × (100/80) = Rs. 175
?The percentage increase in marked price from the cost price = (175 ?100)% = 75%
- 6. If Mohan purchase 13 articles for Rs 12 and sells all the articles at the rate of 12 articles for Rs 13, then what will be the profit percentage?
Options- A. 19.47
- B. 17.36
- C. 11.11
- D. 12.5 Discuss
Correct Answer: 17.36
- 7. A trader marks his goods in such a way that after allowing a discount of 10% he gains 15%. If an article costs him Rs. 720, his marked price is
Options- A. Rs.920
- B. Rs.900
- C. Rs.820
- D. Rs.950 Discuss
Correct Answer: Rs.920
- 8. Savita sold an item for 6,500 and incurred a loss of 20%. At what price should she have sold the item to have gained a profit of 20%?
Options- A. 10,375
- B. 9,750
- C. 8,125
- D. Cannot be determined Discuss
Correct Answer: 9,750
Explanation:
C.P of article = 6500 * (100/80) = Rs. 8125 S.P for a gain of 20% = (8125*120)/100 = Rs. 9750
- 9. ?X? is a bread seller who marked up price of each bread packet by 150% above and allow discounts of 40% and made a profit of Rs. 30 on each bread packet. If ?X? allows 37.5% discount on each packet, then find how much profit he gets on selling 80 bread packets?
Options- A. Rs 2750
- B. Rs 3200
- C. Rs 2500
- D. Rs 2700 Also asked in: AIEEE, Bank Exams, CAT
Correct Answer: Rs 2700
Explanation:
Let cost price of each bread packet = a Rs.
So, marked price of each bread packet = 2.5a
And selling price of each bread packet = 2.5a × 60/100 = 1.5a
Given, 1.5a ?
- 10. Raghunandan sells a machine for Rs 45 lakhs at a loss. Had he sold it for Rs 55 lakh, his gain would have been 9 times the former loss. Find the cost price of the machine.
Options- A. Rs 54 lakhs
- B. Rs 46 lakhs
- C. Rs 60 lakhs
- D. Rs 38 lakhs Discuss
Correct Answer: Rs 46 lakhs
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