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Quiz: Profit & Loss

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Number of Questions: 45

Question: 11 -

A Land is sold for RS.18700 the ownwr loses 15%.At what price must land be sold in order to gain 15%.

Options:

  1. RS.22500

  2. RS.25300

  3. RS.25800

  4. RS.21000

    5. Answer:

    RS.25300
    Solution:

    85:18700=115:X

    X=[18700*115/85]

    S.P=RS.25300

Question: 12 -

A Shopkeeper keeps the marked price of an item 35% above its cost price.THE PERCENTAGE of discount allowed to gain 8% is

Options:

  1. 18%

  2. 25%

  3. None of thse

  4. 20%

    5. Answer:

    20%
    Solution:

    let discount percentage=x%

    35-x-[35x/100]=8

    x=20%

Question: 13 -

On selling 17 balls at RS.720, There is a loss equal to C.P Of 5 balls.the cost price of ball is:

Options:

  1. RS.40

  2. RS.55

  3. RS.45

  4. RS.60

    5. Answer:

    RS.60
    Solution:

    (C.P OF 17 balls)-(S.P OF 17 balls) = (C.P OF 5 BALLS)

    C.P OF 12 balls=S.P of 17 balls =RS.720

    C.P OF 1 BALL=RS.[720/12]=RS.60

Question: 14 -

A trader mixes 26kg of wheat at RS.20 PER KG with 30 kg of wheat of other variety at RS.36 PER kg and sells the mixture at RS.30 PER kg. Find profit%.

Options:

  1. NOPROFIT,NO LOSS

  2. None of thse

  3. 7%

  4. 5%

    5. Answer:

    5%
    Solution:

    C.P OF 56 KG of wheat

    =RS.(26*20+30*36)=RS.1600

    S.P OF 56 Kg wheat=RS(56*30)

    =RS.1680

    GAIN=[80*100/1600]%=5%

Question: 15 -

Ayush purchased a machine for RS.80000.After spending RS.5000 on repair and RS 1000 on transport he sold it with 25% profit. What price did he sell the machine?

Options:

  1. RS.107500

  2. RS.108000

  3. RS.108500

  4. None of these

    5. Answer:

    RS.107500
    Solution:

    TOTAL C.P=RS(80000+5000+1000)    = RS.86000

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

    25=[(S.P-86000)/86000]*100

    S.P=RS.107500