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Quiz: Profit & Loss

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Number of Questions: 45

Question: 6 -

A Fruit seller sells Mangoes at the rate of RS.9 PER KG and thereby loses 20%. AT WHAT  price per kg, he should have sold them to make to make a profit of 5%?

Options:

  1. RS.11.81

  2. RS.13

  3. RS.12

  4. RS.11

    5. Answer:

    RS.11.81
    Solution:

    S.P=9

    LOSS=20%

    C.P=[9*100]/80= 45/4

    TO make a profit of 5%,

    s.p= [45/4]*[105/100]=RS.11.81

Question: 7 -

The sale price of sarees listed for RS.400 After successive discount is 10% and 5% is?

Options:

  1. RS.340

  2. RS.342

  3. RS.357

  4. RS.338

    5. Answer:

    RS.342
    Solution:

    400*(90/100)*(95/100)=RS.342

Question: 8 -

An article is bought for RS.600 And sold for RS.500,Find the lost%.

Options:

  1. 14.23%

  2. 15%

  3. 16.66%

  4. 100/3%

    5. Answer:

    16.66%
    Solution:

    S.P=RS.500, C.P=RS.500

    LOSS%=[(C.P-S.P)/C.P]*100

    =[(600-500)/600]*100

    =16.66%

Question: 9 -

If selling price is doubled,then profit triples.find profit%.

Options:

  1. 96%

  2. 99%

  3. 100%

  4. 92%

    5. Answer:

    100%
    Solution:

    Let c.p=x,  s.p=y

    then 3(y-x)=(2y-x)   y=2x.

    Profit=RS.(y-x)

    (2x-x)=RS.x

    Profit%=[x/x]*100=100%

Question: 10 -

find how much profit a seller got if he bought a Toy for Rs.500 and sell it on RS.800? 

Options:

  1. RS.225

  2. RS.300

  3. RS.301

  4. RS.325

    5. Answer:

    RS.300
    Solution:

    PROFIT=S.P-C.P=RS(800-500)=RS.300