# Profit and Loss Quiz Set 011

### Question 1

A retailer buys an item of marked price Rs. 8600 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 8600 = \${15 × 8600}/100\$ = Rs. 1290. The cost to the retailer is \$8600 - 1290\$ = Rs. 7310. The discount that he gets from the wholesaler becomes his profit = Rs. 1290. So Profit% = \${1290 × 100}/7310\$ = 17%(approx.).

### Question 2

An item has a printed price of Rs. 4305 which includes the shopkeeper's profit of 5%. What is the cost price of the shopkeeper?

A

Rs. 4100.

B

Rs. 4110.

C

Rs. 4095.

D

Rs. 4105.

Soln.
Ans: a

If the sale price is (100 + 5), i.e. Rs. 105, then cost is Rs. 100. So if the sale is Rs. 4305, the cost = \$100/105\$ × 4305 = Rs. 4100.

### Question 3

An article was purchased at \${1/25}\$ of its marked price. Later it was sold at a 5% more than the marked price. What is the profit percentage?

A

2525%.

B

\$3366{2/3}\$%.

C

2020%.

D

\$1683{1/3}\$%.

Soln.
Ans: a

Let the marked price be 100. The item was purchased at Rs. (1/25) × 100 = 4. The profit 105 - 4 = Rs. 101. Percent profit = \$101/4\$ × 100 = 2525%.

### Question 4

The total cost of two cows is Rs. 1150. The owner sells the first cow at a profit of 55%, and the second one at a loss of 25%. If he sells them at the same price, what are the costs of the two cows?

A

Rs. 375 and 775.

B

Rs. 475 and 675.

C

Rs. 325 and 825.

D

Rs. 187 and 963.

Soln.
Ans: a

Let the costs of the cows be C and 1150 - C. The sale price is given as same. So (100 + 55) × C = (100 - 25) × (1150 - C). Simplifying, we get 155 × C = 75 × (1150 - C). Solving for C we get, C = Rs. 375. The cost of the other cow is 1150 - 375 = Rs. 775.

### Question 5

Articles are purhcased at the rate of 5 articles for Rs. 3. They are sold at 3 articles for Rs. 5. The profit earned in rupees by selling 15 articles would be?

A

Rs. 16.

B

Rs. 17.

C

Rs. 18.

D

Rs. 15.

Soln.
Ans: a

Let 15 articles be purchased and then sold back. Cost of 15 articles = \$3/5\$ × 15 = Rs. 9. Sale of 15 articles = \$5/3\$ × 15 = Rs. 25. The profit is 25 - 9 = Rs. 16