Correct Answers: | |

Wrong Answers: | |

Unattempted: |

### Question 1

A retailer makes a gain of 30% when he sells the first item for Rs. 1170. But he suffers a loss of 30% when he sells the second item for Rs. 280. What is his combined loss or gain?

**A**

$11{7/13}$.

**B**

$12{7/13}$.

**C**

$13{7/13}$.

**D**

$10{7/13}$.

**Soln.**

**Ans: a**

The cost of the first item is 1170 × $100/{100 + 30}$ which is Rs. 900. The cost of the second item is 280 × $100/{100 - 30}$ which is Rs. 400. The combined cost is 900 + 400 = Rs. 1300. The combined sale is 1170 + 280 = Rs. 1450. The profit percent is 100 × ${1450 - 1300}/1300$, which is $11{7/13}$%.

### Question 2

A retailer buys an item of marked price Rs. 7000 at a discount of 15%. What will be his profit percentage(approx.) when he sells it at the marked price?

**A**

17% (approx.).

**B**

27% (approx.).

**C**

12% (approx.).

**D**

22% (approx.).

**Soln.**

**Ans: a**

The discount is 15 % of 7000 = ${15 × 7000}/100$ = Rs. 1050. The cost to the retailer is $7000 - 1050$ = Rs. 5950. The discount that he gets from the wholesaler becomes his profit = Rs. 1050. So Profit% = ${1050 × 100}/5950$ = 17%(approx.).

### Question 3

A loss of x% is incurred if an item is sold for Rs. 5400. But if the same item is sold for Rs. 14800 a profit of x% is earned. At what price should the item be sold so as to earn a profit of 36%?

### Question 4

A merchant purchased 22 Kg of wheat at the rate of 16.00 Rs./Kg, and 78 Kg wheat at 11.00 Rs./Kg. At what rate must he sell the mixture to make an overall gain of 15%?

### Question 5

When an item is sold for Rs. 44000, a loss of 64% is incurred. What should be the sale price to earn a profit of 8%?

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This Blog Post/Article "Profit and Loss Quiz Set 003" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2019-08-18.