Correct Answers: | |

Wrong Answers: | |

Unattempted: |

### Question 1

A profit of 40% is made by selling an article at Rs. 980. What is the cost of the article?

### Question 2

Mr. X purchased a machine at a cost of Rs. 8500. After spending Rs. 700 on its repairs, he sells it at a price of Rs 10948. What is the profit percentage?

### Question 3

A profit of 10% is made by selling an article at Rs. 550. What is the cost of the article?

### Question 4

A retailer makes a gain of 30% when he sells the first item for Rs. 650. But he suffers a loss of 15% when he sells the second item for Rs. 510. What is his combined loss or gain?

**A**

$5{5/11}$.

**B**

$6{5/11}$.

**C**

$7{5/11}$.

**D**

$4{5/11}$.

**Soln.**

**Ans: a**

The cost of the first item is 650 × $100/{100 + 30}$ which is Rs. 500. The cost of the second item is 510 × $100/{100 - 15}$ which is Rs. 600. The combined cost is 500 + 600 = Rs. 1100. The combined sale is 650 + 510 = Rs. 1160. The profit percent is 100 × ${1160 - 1100}/1100$, which is $5{5/11}$%.

### Question 5

A merchant purchased 79 Kg of wheat at the rate of 5.00 Rs./Kg, and 21 Kg wheat at 18.00 Rs./Kg. At what rate must he sell the mixture to make an overall gain of 20%?

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This Blog Post/Article "Profit and Loss Quiz Set 002" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2020-02-07. Published on: 2016-04-24