Profit and Loss problems
- 1. A shopkeeper by selling 20 Timex watches, earns a profit equal to the selling price of 4 Timex watches. His profit percentage is
Options- A. 20 percent
- B. 25 percent
- C. 30 percent
- D. 50 percent Also asked in: Bank Exams
Correct Answer: 25 percent
- 2. Ravi sold a smartphone for Rs. 30,000. Had he offered a discount of 10% on the selling price(SP), he would have earned a profit of 35%. What is the cost price?
Options- A. Rs. 20,000
- B. Rs. 22,000
- C. Rs. 24,000
- D. Rs. 26,000 Also asked in: Bank Exams
Correct Answer: Rs. 20,000
Explanation:
- 3. The annual salary of Arun is 7.68 lac. If he spends Rs. 12000 on his children, 1/13th of rest of the salary on food and Rs. 8000 in mutual funds, then find the monthly saving he is left with?
Options- A. Rs. 38000/-
- B. Rs. 39500/-
- C. Rs. 40000/-
- D. Rs. 41250/- Also asked in: Bank Exams
Correct Answer: Rs. 40000/-
Explanation:
Annual salary of Arun = 7,68,000 Rs.
Monthly salary = 7,68,000/12 = Rs. 64,000
Spending on children = Rs. 12,000
Rest = 52,000
1/13th of the rest = 52,000/13 = Rs. 4,000 is spent on food.
Rs. 8,000 is spent in mutual funds.
Monthly savings = 64,000 - (12,000+4,000+8,000) = Rs. 40,000.
- 4. I gain 19% if I sell an article for Rs. 595. What would be my gain or loss percentage if I sell it for Rs. 475?
Options- A. Gain 5%
- B. Loss 5%
- C. Loss 10%
- D. Gain 10% Also asked in: Bank Exams
Correct Answer: Loss 5%
- 5. In a business, A invested 1200 rs. more than B. B invested his amount for 15 months while A invested for 4 months more than that of B. If total profit was 1240 rs. in which the profit of B is 280 Rs. less than that if A. then what was the invested amount of A?
Options- A. 6000
- B. 7000
- C. 5000
- D. 8000 Also asked in: AIEEE, Bank Exams, GATE
Correct Answer: 6000
Explanation:
Ans.
Let B?s investment = x rs.
? A?s investment =( x + 1200) rs.
Ratio of the profits of A and B = (x+1200)*(15+4):x*15 = {19(x+1200)}:15x
Now,let the total profit of A =y
? total profit of B = (y-280)
But total profit = 1240
?y+(y-280)=1240
?2y=1520
?y= 760
?profit of A = 760rs.
Profit of B = 760-280=480 rs.
Ratio of profits= 760:480 = 19:12
According to the question,
19(x+1200)/15x = 19/12
12x+14400 = 15x
?3x = 14400
?x = 4800 rs.
?investment of A = 4800+1200
= 6000 rs.
- 6. A man purchased a bullock and a cart for Rs 1800. He sold the bullock at a profit of 20% and the cart at a profit of 30%.His total profit was 155/6 %. Find the cost price of bullock.
Options- A. Rs 650
- B. Rs 750
- C. Rs 900
- D. Rs 800 Also asked in: Bank Exams
Correct Answer: Rs 750
Explanation:
CP of bullock and cart = 1800
Let price of bullock be x and cart be (1800 ?x)
SP of bullock and cart = 1800 + 155/6 X 1800 = 2265
Also, 1.2x + 1.3 (1800 ?x) = 2265
?1.2x ?1.3x = -75
?x = 750
- 7. A home theatre set is Rs. 4950. If two successive discounts of 20% and 15% are given, then its selling price is
Options- A. Rs.3366
- B. Rs.6633
- C. Rs.3636
- D. Rs.6363 Also asked in: Bank Exams
Correct Answer: Rs.3366
- 8. If the ratio of cost price and selling price is 4 : 5 ,then the percentage of profit will be
Options- A. 20
- B. 0.1
- C. 10
- D. 25 Also asked in: Bank Exams
Correct Answer: 25
- 9. An item is sold at two successive gains of 30% and 20%. If the final selling price is Rs 31200, then what is the cost price (in Rs)?
Options- A. 15000
- B. 20000
- C. 22250
- D. 24000 Also asked in: Bank Exams
Correct Answer: 20000
- 10. The cost price of 25 books is equal to the selling price of 20 books. The profit percent is
Options- A. 20%
- B. 22%
- C. 24%
- D. 25% Also asked in: Bank Exams
Correct Answer: 25%
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