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Quiz: Profit & Loss

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Number of Questions: 45

Question: 26 -

If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265 ?

Options:

  1.  Rs. 750

  2. Rs. 850

  3. Rs. 900

  4.  Rs. 800

    5. Answer:

     Rs. 800
    Solution:

    Let the cost of Production = Rs. P

    Then, as per question, =(125100×115100×110100×P)   =1265                                                      = P=800

Question: 27 -

At what price should the watch be sold to earn 5% profit.At what price should the watch be sold to earn 5% profit.

Options:

  1. Rs.1230

  2. Rs.1200

  3. Rs.1290

  4. Rs.1260

    5. Answer:

    Rs.1260
    Solution:

    Let the new S.P be x  then
    (100 - loss%) : (1st S.P.)= (100 + gain%) : (2nd S.P.) =(951140=105x) 
     x = 1260

     

Question: 28 -

The ratio selling prices three articles A, B, and C is 29:27:32., the ratio of percentage profit is 4:2:5, respectively. If the cost price of article A is equal to B and the cost price of article C is Rs. 480. Then what is the overall gain?

Options:

  1. 18%

  2. 10%

  3. 12%

  4. 15%

    5. Answer:

    15%
    Solution:

    29y/27y = (100+4x/100+2x) X=4% are 16%,8%,20%

    32y = 480(120/100)y =18

    SP’s are 522,486,576

    CP of A 29*18 = CP (116/100)

    CP =450 

    CP’s are 450,450 and 480

    Overall gain = 1584 =1380(100+g/100) g =15%

Question: 29 -

By selling an article at Rs.800, a shopkeeper makes a profit of 25%.At what price should he sell the article so as to make a loss of 25%?

Options:

  1. Rs.540

  2. Rs.640

  3. Rs.720

  4. Rs.480

    5. Answer:

    Rs.480
    Solution:

    SP = Rs.800 ; Profit = 25%

    CP = SP x [100/100+p%]

    = 800 x[100/100+25] = 640
    Loss = 25% = 25% of Rs.640

    = Rs.160

    Thus, SP = CP - Loss

    = Rs.640 - Rs.160 = Rs.480

Question: 30 -

Tarun got 30% concession on the labelled price of an article and sold it for Rs. 8750 with 25% profit on the price he bought. What was the price.

Options:

  1. 13000

  2.  10000

  3.  12000

  4. 14000

    5. Answer:

     10000
    Solution:

    Cost Price = Rs.[100125×8750]

    = Rs. 7000. Let the labelled price be Rs. x. Then, 70100*x=7000 ⇒x =Rs.(7000*10070) 
    = Rs.10000