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### Question 1

Mr. X purchased a machine at a cost of Rs. 6900. After spending Rs. 700 on its repairs, he sells it at a price of Rs 9120. What is the profit percentage?

### Question 2

A profit of 20%, as calculated on the cost price, is made by selling an item for Rs. 96. What is the profit in rupees?

**A**

Rs. 16.

**B**

Rs. 17.

**C**

Rs. 15.

**D**

Rs. 18.

**Soln.**

**Ans: a**

If cost is C, profit is P% and sale is S, then we know that C = $S/(1 + P/100)$. So the profit in rupees would be S - C = S - $S/(1 + P/100)$, which simplifies to ${S × P}/{100 + P}$, which is ${96 × 20}/{100 + 20}$ = Rs. 16.

__Shortcut Method__: If sale is 120, profit is Rs. 20. So if sale is 96, profit = Rs. $20/120$ × 96 = Rs. 16.

### Question 3

The cost price of 180 items is same as the sale price of N items. If the profit is 80%, then what is N?

### Question 4

Articles are purhcased at the rate of 9 articles for Rs. 2. They are sold at 2 articles for Rs. 9. The profit earned in rupees by selling 18 articles would be?

### Question 5

An article was purchased at ${3/25}$ of its marked price. Later it was sold at a 25% more than the marked price. What is the profit percentage?

This Blog Post/Article "Profit and Loss Quiz Set 015" 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