Profit and Loss problems
- 1. If an article is sold at a gain of 6% instead of a loss of 6% the seller gets Rs. 6 more. What is the cost price of the article?
Options- A. Rs. 18
- B. Rs. 36
- C. Rs. 42
- D. Rs. 50 Also asked in: Bank Exams
Correct Answer: Rs. 50
Explanation:
Let CP be Rs x
Then
1.06x?0.94x = 6
So x = Rs 50
- 2. A vendor buys bananas at 12 for Rs 50 and sells at 5 for Rs 40. What will be the gain (in %)?
Options- A. 82
- B. 72
- C. 92
- D. 62 Also asked in: Bank Exams
Correct Answer: 92
- 3. Mahesh buys a watch of Rs 300 and sells it. Mahesh gives two successive discount of 15% and 6% to the buyer. What will be the selling price (in Rs) ofthe watch?
Options- A. 213.4
- B. 242.3
- C. 239.7
- D. 247.4 Also asked in: Bank Exams
Correct Answer: 239.7
- 4. If a merchant offers a discount of 30% on the list price, then he makes a loss of 16%. What % profit or % loss will he make if he sells at a discount of 20% of the list price?
Options- A. 14 percent profit
- B. 4 percent loss
- C. 26 percent profit
- D. 8 percent profit Also asked in: Bank Exams
Correct Answer: 4 percent loss
- 5. Raj sells a machine for Rs 51 lakhs at a loss. Had he sold it for Rs 60 lakh, his gain would have been 8 times the earlier loss. What is the cost price of the machine?
Options- A. Rs 59 lakhs
- B. Rs 52 lakhs
- C. Rs 66.375 lakhs
- D. Rs 45 lakhs Also asked in: Bank Exams
Correct Answer: Rs 52 lakhs
- 6. The marked price is 10% higher than the cost price . A discount of 10% is given to the marked price . In this kind of sale the seller
Options- A. bears no gain , no loss
- B. gains
- C. loses 1%
- D. None of these Also asked in: Bank Exams
Correct Answer: loses 1%
- 7. By selling cloth at Rs. 9 per metre , a shopkeeper loses 10% . Find the rate at which it should be sold so as to earn profit of 15%
Options- A. Rs.11.20
- B. Rs.11.30
- C. Rs.11.40
- D. Rs.11.50 Also asked in: Bank Exams
Correct Answer: Rs.11.50
- 8. A shopkeeper, sold almonds at the rate Rs 1250 per kg and bears a loss of 7%. Now if he decides to sell it at Rs 1375 per kg, what will be the result?
Options- A. 4.6 percent gain
- B. 2.3 percent loss
- C. 2.3 percent gain
- D. 4.6 percent loss Also asked in: Bank Exams
Correct Answer: 2.3 percent gain
- 9. If a merchant offers a discount of 4% on the list price, then she makes a loss of 10%. What % profit or % loss will she make if she sells at a discount of 20% of the list price?
Options- A. 25 percent loss
- B. 4 percent loss
- C. 50 percent profit
- D. 26 percent profit Also asked in: Bank Exams
Correct Answer: 25 percent loss
- 10. A vendor buys pens at the rate of 4 for Rs 5 and sells at the rate of 4 for Rs 3. What will be the result?
Options- A. 40 percent gain
- B. 66.6 percent loss
- C. 66.66 percent gain
- D. 40 percent loss Also asked in: Bank Exams
Correct Answer: 40 percent loss
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