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### Question 1

When an item is sold for Rs. 7000, a loss of 64% is incurred. What should be the sale price to earn a profit of 116%?

### Question 2

The cost price of 290 items is same as the sale price of N items. If the profit is 45%, then what is N?

### Question 3

A merchant purchased 28 Kg of wheat at the rate of 3.00 Rs./Kg, and 72 Kg wheat at 2.00 Rs./Kg. At what rate must he sell the mixture to make an overall gain of 5%?

### Question 4

A retailer buys an item of marked price Rs. 2200 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 2200 = ${15 × 2200}/100$ = Rs. 330. The cost to the retailer is $2200 - 330$ = Rs. 1870. The discount that he gets from the wholesaler becomes his profit = Rs. 330. So Profit% = ${330 × 100}/1870$ = 17%(approx.).

### Question 5

Mr. X purchased a machine at a cost of Rs. 6900. After spending Rs. 700 on its repairs, he sells it at a price of Rs 8436. What is the profit percentage?

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This Blog Post/Article "Profit and Loss Quiz Set 007" 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