Quiz: Profit & Loss

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Number of Questions: 45

Question: 31 -

A retailer sold 12 notes at a profit of 20% and 8 notes at a profit of 10%. If he had sold all the 20 notes at a profit of 15%, then his profit would have been reduced by Rs.36. What is the cost price of each note?

Options:
  1. None of these

  2. Rs.180

  3. Rs.190

  4. Rs.160

  5. Answer:

    Rs.180

    Solution:

    Cost Price = x

    Total Profit = 12x * 20/100 + 8x * 10/100

    = 32x/100 = 3.2x

    Total Profit = 20x * 15/100

    3.2x – 3x = 36

    0.2x = 36

    x = 180


Question: 32 -

Rohit sold a machine to Shalini at a profit of 30%. Shalini sold this machine to Arun at a loss of 20%. If rohit paid Rs.5000 for this machine, then find the cost price of machine for Arun?

Options:
  1. 4750

  2. 4800

  3. 6200

  4. 5200

  5. Answer:

    5200

    Solution:

    R1 = 30% R2 = 20%

    5000 * 130/100 * 80/100

    = Rs. 5200


Question: 33 -

The ratio selling prices three articles A, B, and C is 19:25:27., the ratio of percentage profit is 7:10:4, respectively. If the cost price of article A and B is 400 and 500 respectively. Then what is the total Selling price of all three articles?

Options:
  1. Rs.1694

  2. Rs.1674

  3.  Rs.1644

  4. Rs.1704

  5. Answer:

    Rs.1704

    Solution:

    400*(1+7x/100)/ 500*(1+10x/100)= 19/25

    x = 2

    Profit percentages = 14%, 20% and 8%

    19*y = 400*114/100

    y = 24

    Total SP = (19+25+27)*24 = 1704


Question: 34 -

A Shop Keeper sells two bags for Rs. 500 each. On one, he gets 14% profit and on the other he gets 14% loss. His profit or loss in the entire transaction was?

Options:
  1. None of these

  2.  49/25 % Loss

  3. 49/25 % Gain

  4. 64/25 % Loss

  5. Answer:

     49/25 % Loss

    Solution:

    % = x Loss % = x²/100 = 196/100 = 49/25%


Question: 35 -

When a shopkeeper reduces the selling price of an article from 1180 to 1126 his loss increases by 5% . What is the cost price of article?

Options:
  1. 1070

  2. 1080

  3. None of these

  4. 1050

  5. Answer:

    1080

    Solution:

    5% of CP = 1180 – 1126

    CP = 54 * 100 / 5 = 1080