Correct Answers: | |

Wrong Answers: | |

Unattempted: |

### Question 1

Goods are purchased at a cost price of Rs. 1700 and sold at a loss of 25%. What is the sale price?

### Question 2

1260 items are purchased at a cost of Rs. 6. How many items should be sold for Rs. 6 to make a profit of 5%?

### Question 3

A merchant is selling cloth at a profit of 376%. If the cost increases by 19%, but he continues to sell at the same price, then what is the new profit percentage?

**A**

300%.

**B**

400%.

**C**

200%.

**D**

500%.

**Soln.**

**Ans: a**

Let the cost price be CP. Then the SP = CP x (1 + $376/100$) = $476/100$ × CP. New CP = (1 + $19/100$) × CP, which is $119/100$ × CP. New Profit% = (SP/CP - 1) × 100, which is $(({476/100 × CP}/{119/100 × CP}) - 1) × 100)$, which becomes $(476 - 119)/119$ × 100 = 300%

### Question 4

A profit of 50%, as calculated on the cost price, is made by selling an item for Rs. 36. What is the profit in rupees?

**A**

Rs. 12.

**B**

Rs. 13.

**C**

Rs. 11.

**D**

Rs. 14.

**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 ${36 × 50}/{100 + 50}$ = Rs. 12.

__Shortcut Method__: If sale is 150, profit is Rs. 50. So if sale is 36, profit = Rs. $50/150$ × 36 = Rs. 12.

### Question 5

A profit of 40% is made by selling an article at Rs. 140. What is the cost of the article?

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This Blog Post/Article "Profit and Loss Quiz Set 018" 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