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### Question 1

When 16 items are sold at an amount of Rs. 45, a loss equal to the cost of 7 items is incurred. What is the cost of one item?

### Question 2

3774 items are purchased at a cost of Rs. 17. How many items should be sold for Rs. 17 to make a profit of 11%?

### Question 3

A merchant purchased 64 Kg of wheat at the rate of 4.00 Rs./Kg, and 36 Kg wheat at 15.00 Rs./Kg. At what rate must he sell the mixture to make an overall gain of 15%?

### Question 4

A retailer buys an item of marked price Rs. 7100 at a discount of 5%. What will be his profit percentage(approx.) when he sells it at the marked price?

**A**

5% (approx.).

**B**

15% (approx.).

**C**

0% (approx.).

**D**

10% (approx.).

**Soln.**

**Ans: a**

The discount is 5 % of 7100 = ${5 × 7100}/100$ = Rs. 355. The cost to the retailer is $7100 - 355$ = Rs. 6745. The discount that he gets from the wholesaler becomes his profit = Rs. 355. So Profit% = ${355 × 100}/6745$ = 5%(approx.).

### Question 5

A packet of 100 electronics components is purchased at a cost of Rs. 500. Each component is sold at Rs. 30. What is the profit in percent terms?

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This Blog Post/Article "Profit and Loss Quiz Set 019" 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