Correct Answers: | |

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?

**A**

200%.

**B**

300%.

**C**

100%.

**D**

400%.

**Soln.**

**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 2017-10-26.