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Wrong Answers: | |
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Question 1
A loss of 30% is made by selling an article at Rs. 210. What is the cost of the article?
Question 2
A merchant is selling cloth at a profit of 248%. If the cost increases by 16%, but he continues to sell at the same price, then what is the new profit percentage?
200%.
300%.
100%.
400%.
Ans: a
Let the cost price be CP. Then the SP = CP x (1 + $248/100$) = $348/100$ × CP. New CP = (1 + $16/100$) × CP, which is $116/100$ × CP. New Profit% = (SP/CP - 1) × 100, which is $(({348/100 × CP}/{116/100 × CP}) - 1) × 100)$, which becomes $(348 - 116)/116$ × 100 = 200%.
Question 3
When an item is sold for Rs. 44000, a loss of 56% is incurred. What should be the sale price to earn a profit of 164%?
Question 4
Goods are purchased at a cost price of Rs. 1400 and sold at a loss of 10%. What is the sale price?
Question 5
When 13 items are sold at an amount of Rs. 36, a loss equal to the cost of 7 items is incurred. What is the cost of one item?
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This Blog Post/Article "Profit and Loss Quiz Set 014" 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