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Quiz: Profit & Loss

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Number of Questions: 45

Question: 16 -

In what ratio should water and wine be mixed so that after selling the mixture at the C.P of a profit of 33.33% is made.

Options:

  1. 1:9

  2. 3:4

  3. 2:3

  4. 1:3

    5. Answer:

    1:3
    Solution:

    33.33% profit means there is one part water and 3 part is pure wine.so the required ratio of water and wine in the mixture is 1:3

Question: 17 -

A reduction of 10% in the price of a pencil enabled a trader to purchase 9 more for RS.540.what is the reduced price of pencil.

Options:

  1. RS.8

  2. RS.7

  3. RS.5

  4. RS.6

    5. Answer:

    RS.6
    Solution:

    Due to reduction of 10% total cost required to purchase the same no. Of pencil will be decreased by RS.54 And total cost of 9 pencil =[54/9]=6

Question: 18 -

If selling price of an item is RS.250 profit percentage is 25% find the ratio of C.P AND S.P?

Options:

  1. 4:5

  2. 3:5

  3. 5:4

  4. 6:5

    5. Answer:

    4:5
    Solution:

    S.P=RS.250

    PROFIT=25%

    C.P=250*100/125=200

    Required ratio=[200:250]=4:5

Question: 19 -

 A dealer sold two of his cattle for RS.500 EACH.ON one of them he lost 10% on the other he gained 10%.His gain or loss percent in the entire transaction was.

Options:

  1. 1% loss

  2. No loss, no profit

  3. 1% gain

  4. Data inadequate

    5. Answer:

    1% loss
    Solution:

    loss%=(common gain or loss%/10)^2

    (10/10)^2 %=1%

Question: 20 -

A Shopkeeper cheats to the extent of 10% while buying and selling by using false weights. His total gain is.

Options:

  1. 25%

  2. 19%

  3. 21%

  4. 22%

    5. Answer:

    21%
    Solution:

    gain%=[(100+common gain%)^2) /100]-100= 21%