Profit and Loss problems
- 1. Two items A and B have equal cost price. Item A is sold at 40% profit and item B is sold at an amount 20% less than the selling price of item A. If the total profit is 156 Rs then find the cost price of A.
Options- A. Rs. 300
- B. Rs. 350
- C. Rs. 400
- D. Rs. 450 Also asked in: Bank Exams
Correct Answer: Rs. 300
Explanation:
Let the cost price of A as well as B is 100 Rs.
Then, ATQ:
Selling Price of A = 100+40 = 140
And Selling Price of B = 140 - (140*0.2) = 140 - 28 = 112
Total selling price = 140+112 = 252 Rs.
Total Cost price = Rs. 200
So by taking cost price = 100 Rs.
Total profit = 52 Rs.
Total profit will be Rs. 156 when cost price = (100/52)*156 = Rs. 300.
- 2. A vendor buys chikoos at 15 for Rs 8 and then sells at 10 for Rs 6. What will be the result?
Options- A. 12.5 percent loss
- B. 11.11 percent gain
- C. 12.5 percent gain
- D. 11.1 percent loss Also asked in: AIEEE, Bank Exams, CAT, GATE
Correct Answer: 12.5 percent gain
- 3. A bookseller bought 500 text books for 20,000. He wanted to sell them at a profit so that he get 50 books free. At what profit percent should he sell them?
Options- A. 10
- B. 20
- C. 15
- D. 10.5 Also asked in: Bank Exams
Correct Answer: 10
- 4. The difference between the selling prices of an article sold at 4% and 3% profits is Rs.3 The cost price of the article is :
Options- A. Rs. 400
- B. Rs. 350
- C. Rs. 300
- D. Rs. 100 Also asked in: Bank Exams
Correct Answer: Rs. 300
- 5. An article is listed at Rs 2375. A man purchases it at two successive discounts of 50% and 25% and spends Rs 165 on repairing of article. If he sells thearticle at a profit of 62.5%, then what is the selling price (in Rs) of the article?
Options- A. 1467.6
- B. 1492.6
- C. 1715.39
- D. 1467.6 Also asked in: Bank Exams
Correct Answer: 1715.39
- 6. A shopkeeper sells a table at a discount of 20% and earns a profit of 60%. If he sells the same table at 40% discount, then what will be his new profit percent?
Options- A. 20
- B. 30
- C. 35
- D. 40 Also asked in: Bank Exams
Correct Answer: 20
- 7. Price of a diamond is directly proportional to square of its weight. A man broke the diamond accidently in three pieces in the ratio of 3 : 5 : 7 and thus loses Rs 42600. What was the original price (in Rs) of the diamond?
Options- A. 11786
- B. 60000
- C. 67500
- D. 75000 Also asked in: Bank Exams
Correct Answer: 67500
- 8. If a saree is sold for Rs 2880 the seller will face 10% loss, at what price (in Rs) should he sell to gain 20% profit?
Options- A. 4830
- B. 3840
- C. 3480
- D. 4380 Also asked in: Bank Exams
Correct Answer: 3840
- 9. A wholesaler sells a good to a retailer at a profit of 5% and the retailer sells it to a customer at a profit of 10%. If the customer pays Rs. 2,000, what had it cost (in Rs) the wholesaler?
Options- A. 1731.6
- B. 3210.6
- C. 1931.6
- D. 2310.6 Also asked in: Bank Exams
Correct Answer: 1731.6
- 10. When a discount of 25% is given on a wedding gown, the profit is 32%. If the discount is 17%, then the profit is _____%.
Options- A. 46.08
- B. 49
- C. 51.03
- D. 43.16 Also asked in: Bank Exams
Correct Answer: 46.08
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