Profit and Loss problems
- 1. Marked price of an article is 1600 Rs. more than the cost price. When the same article is sold at a discount of Rs. 500 then the percent profit earned is 25%. For earning a profit of 30%, the article should be sold at what price?
Options- A. 5740
- B. 5720
- C. 5620
- D. 5730 Also asked in: AIEEE, Bank Exams, GATE
Correct Answer: 5720
Explanation:
Ans. B.
According to the question ,
Marked Price = 1600 + Cost price - (i)
MP ? 500 = 125/100 * CP - (ii)
MP = 5/4 CP + 500 - (ii)
4MP = 5CP + 2000 -(ii)
Solving (i) and (ii)
Cost Price = 4400
Now , the selling price
= 130/100 * 4400
= 5720
- 2. A dishonest shopkeeper professes to sell his groceries at his cost price but uses a false weight of 900 grams for each kilogram. Find his gain percentage.
Options- A. 91/9 %
- B. 100/9%
- C. 100/11 %
- D. 95/9% Also asked in: Bank Exams
Correct Answer: 100/9%
Explanation:
Shopkeeper sells at CP using weight of 900 gm instead of1 kg
So, 1000gm ?900 gm = 100gm
?100/900 X 100
?100/9 %
- 3. A trader sold an article at profit of 20%. Had he bought that article at 60% less price and sold it at Rs 90 less, then he would have gained 50%. What is the value (in Rs) of cost price?
Options- A. 150
- B. 200
- C. 250
- D. 300 Also asked in: Bank Exams
Correct Answer: 150
- 4. Amit donated 20% of his income to a school and deposited 20% of the remainder in his bank. If he is having Rs 12800 now, then what is the income (in Rs) of Amit?
Options- A. 18000
- B. 20000
- C. 24000
- D. 32000 Also asked in: Bank Exams
Correct Answer: 20000
- 5. The marked price of an article is 20% more than its cost price. If 5% discount is given on the marked price, then what is the profit percentage?
Options- A. 5
- B. 14
- C. 15
- D. 25 Also asked in: Bank Exams
Correct Answer: 14
- 6. A person bought pens at 25 for a rupee and sold at 15 for a rupee. What is his profit percentage?
Options- A. 16 2/3
- B. 33 1/3
- C. 40
- D. 66.6 Also asked in: Bank Exams
Correct Answer: 66.6
- 7. A shopkeeper offers 2.5% discount on cash purchases . What cash amount would Rohit pay for a cycle , the marked price of which is Rs.3600 ?
Options- A. Rs. 3490
- B. Rs. 3500
- C. Rs. 3510
- D. Rs. 3520 Also asked in: Bank Exams
Correct Answer: Rs. 3510
- 8. If the rice is sold at Rs 56 per kg, there would be a 40% loss. To earn a profit of 20% what should be the price of rice (per kg)?
Options- A. 112
- B. 108
- C. 116
- D. 124 Also asked in: Bank Exams
Correct Answer: 112
- 9. The marked price of a chair is Rs 550 and a discount of 20% is given on it. What is the selling price (in Rs)?
Options- A. 440
- B. 430
- C. 470
- D. 390 Also asked in: Bank Exams
Correct Answer: 440
- 10. A trader sells two items at the rate of Rs 400 each. If he gains 15% on one and losses 15% on other, then what is the value (in Rs) of loss ?
Options- A. 18.41
- B. 22.14
- C. 20.25
- D. 24.36 Also asked in: Bank Exams
Correct Answer: 18.41
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