Profit and Loss Quiz Set 011

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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


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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 2017-10-26.

Posted by Parveen(Hoven),
Aptitude Trainer


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