Correct Answers: | |

Wrong Answers: | |

Unattempted: |

### 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?

### 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?

### 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?

This Blog Post/Article "Profit and Loss Quiz Set 011" 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