Correct Answers: | |

Wrong Answers: | |

Unattempted: |

### Question 1

A loss of x% is incurred if an item is sold for Rs. 7200. But if the same item is sold for Rs. 10600 a profit of x% is earned. At what price should the item be sold so as to earn a profit of 31%?

### Question 2

When 12 items are sold at an amount of Rs. 30, a loss equal to the cost of 6 items is incurred. What is the cost of one item?

### Question 3

A retailer makes a gain of 30% when he sells the first item for Rs. 780. But he suffers a loss of 25% when he sells the second item for Rs. 375. What is his combined loss or gain?

**A**

5.

**B**

6.

**C**

7.

**D**

4.

**Soln.**

**Ans: a**

The cost of the first item is 780 × $100/{100 + 30}$ which is Rs. 600. The cost of the second item is 375 × $100/{100 - 25}$ which is Rs. 500. The combined cost is 600 + 500 = Rs. 1100. The combined sale is 780 + 375 = Rs. 1155. The profit percent is 100 × ${1155 - 1100}/1100$, which is 5%.

### Question 4

A packet of 100 electronics components is purchased at a cost of Rs. 400. Each component is sold at Rs. 20. What is the profit in percent terms?

### Question 5

A profit of 25% is made by selling an article at Rs. 375. What is the cost of the article?

### More Chapters | See All...

Profit and Loss | Image Series | Logarithms | Hidden Figures | Inequalities | abba Series | Sitting Arrangements | Deductive Reasoning | Coding Decoding | Classification Test | More...

This Blog Post/Article "Profit and Loss Quiz Set 017" 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