Profit and Loss Quiz Set 012

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Question 1

A packet of 100 electronics components is purchased at a cost of Rs. 600. Each component is sold at Rs. 54. What is the profit in percent terms?

 A

800%.

 B

810%.

 C

795%.

 D

805%.

Soln.
Ans: a

Cost of each component = 600/100 = Rs. 6. Profit per component = 54 - 6 = 48. Profit percentage = (48/6) × 100 = 800%.


Question 2

A loss of 35% is made by selling an article at Rs. 195. What is the cost of the article?

 A

300.

 B

310.

 C

320.

 D

295.

Soln.
Ans: a

Build it like this: if the sale is 100 - 35 = 65, the cost is Rs. 100. So, when the sale is 195 the cost should be ${100/65} × 195$ = Rs. 300.


Question 3

420 items are purchased at a cost of Rs. 2. How many items should be sold for Rs. 2 to make a profit of 5%?

 A

400.

 B

401.

 C

399.

 D

402.

Soln.
Ans: a

The sale price should be 2 × (1 + 5/100), which equals Rs. 210/100. So, Rs. 210/100 is the sale price of 420 items. And, 2 shall be the sale price of $(420 × 100/210)$ × 2 = 400 items.


Question 4

What should be the marked price of an item if a profit of 70% is to be made after allowing a discount of 15%?

 A

Rs. 200.

 B

Rs. 210.

 C

Rs. 190.

 D

Rs. 220.

Soln.
Ans: a

If the cost is 100, the sale price would be 100 + 70 = Rs. 170. If M is the marked price, then sale price is (100 - 15)% of M = 170. Which gives 85M/100 = 170, which gives M = Rs. 200


Question 5

A packet of 100 electronics components is purchased at a cost of Rs. 200. Each component is sold at Rs. 8. What is the profit in percent terms?

 A

300%.

 B

310%.

 C

295%.

 D

305%.

Soln.
Ans: a

Cost of each component = 200/100 = Rs. 2. Profit per component = 8 - 2 = 6. Profit percentage = (6/2) × 100 = 300%.


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This Blog Post/Article "Profit and Loss Quiz Set 012" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Updated on 2017-06-24.

Posted by Parveen(Hoven),
Aptitude Trainer


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