Correct Answers: | |

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### Question 1

Mr. X purchased a machine at a cost of Rs. 7800. After spending Rs. 1200 on its repairs, he sells it at a price of Rs 10620. What is the profit percentage?

### Question 2

An item has a printed price of Rs. 8500 which includes the shopkeeper's profit of 25%. What is the cost price of the shopkeeper?

### Question 3

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 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%?

### Question 5

A loss of 5% is made by selling an article at Rs. 475. What is the cost of the article?

This Blog Post/Article "Profit and Loss Quiz Set 016" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2017-10-26.