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### Question 1

A loss of x% is incurred if an item is sold for Rs. 5800. But if the same item is sold for Rs. 19200 a profit of x% is earned. At what price should the item be sold so as to earn a profit of 9%?

### Question 2

A merchant is selling cloth at a profit of 328%. If the cost increases by 7%, but he continues to sell at the same price, then what is the new profit percentage?

**A**

300%.

**B**

400%.

**C**

200%.

**D**

500%.

**Soln.**

**Ans: a**

Let the cost price be CP. Then the SP = CP x (1 + $328/100$) = $428/100$ × CP. New CP = (1 + $7/100$) × CP, which is $107/100$ × CP. New Profit% = (SP/CP - 1) × 100, which is $(({428/100 × CP}/{107/100 × CP}) - 1) × 100)$, which becomes $(428 - 107)/107$ × 100 = 300%.

### Question 3

Articles are purhcased at the rate of 8 articles for Rs. 5. They are sold at 5 articles for Rs. 8. The profit earned in rupees by selling 40 articles would be?

### Question 4

An item has a printed price of Rs. 2280 which includes the shopkeeper's profit of 20%. What is the cost price of the shopkeeper?

### Question 5

4640 items are purchased at a cost of Rs. 10. How many items should be sold for Rs. 10 to make a profit of 16%?

This Blog Post/Article "Profit and Loss Quiz Set 006" 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