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Profit and Loss Questions Answers

Q11 :

The C.P. of 10 pens is equal to the selling price of 9 pens. Find the profit percent.

A
  

10%

B
  

4%

C
  

1119%11frac{1}{9}%

D
  9%
View Answer
Correct Answer: C

1119%11frac{1}{9}%

Description:

On every 9 pens, there is a gain of one pen, so gain %=19×100=1119%% = frac{1}{9} times 100 = 11frac{1}{9}%

Q12 :

A shopkeeper marked his price for Rs. 150. He pays a customer 10% discount and second discount 5%. What does he get?

A
  

Rs. 118.5

B
  

Rs. 128.25

C
  

Rs. 122.5

D
  

Rs. 123

View Answer
Correct Answer: B

Rs. 128.25

Description:

Price after first discount
= 90% of Rs. 150 = Rs. 135

Price after second discount
= Rs. 135 - 5% of Rs. 135 = Rs. 128.25

Q13 :

A man who makes a profit of 25 p.c. by selling tea at Rs. 4.25 a kg lowers his price so as to gain only 17 P per kg. In what ratio must his sales increase so that the profit may be the same as before?

A
  

80 times

B
  

5 times

C
  

4 times

D
  

3 times

View Answer
Correct Answer: B

5 times

Description:

125% C.P. = Rs. 4.25

therefore  C.P. of tea per kg = 4.25×100125= Rs. 3.40frac{4.25 times 100}{125} = text{ Rs. } 3.40

Gain on 1 kg  = 85 P.

Quantity of tea sold to recover 85 P when gain is 17 P per kg = 85 + 17 = 5 kg

Q14 :

A person bought 80 kg of sugar for Rs. 88 and was obliged to sell it at loss of as much money as person received for 20 kg. At what price did person buy the sugar?

A
  

80 P

B
  

84 P

C
  

88 P

D
  

92 P

View Answer
Correct Answer: C

88 P

Description:

S. P. of 80 kg = C.P. of 80 kg − S.P. of 20 kg

Rightarrow S.P. of 100 kg = Rs. 88

therefore S.P. of 1 kg = 88 P.

Q15 :

A reduction of 20% in the price of tea enables a man to obtain 4kg more for Rs. 80. What is the reduced price for Kilo?

A
  

Rs. 20

B
  

Rs. 5

C
  

Rs. 10

D
  

Rs. 4

View Answer
Correct Answer: D

Rs. 4

Description:

Reduced price of 4kg = 20% of Rs. 80 = Rs. 16
therefore  Reduced price per kg = Rs. 4
 

Q16 :

A man buys an article of Rs. 80 and marks it at Rs. 120. He then allows a discount of 40%. What is the percentage of loss or gain?

A
  

12% loss

B
  

12% gain

C
  

10% loss

D
  

10% gain

View Answer
Correct Answer: C

10% loss

Description:

S.P. of the article = 60% of Rs. 120 = Rs. 72

Difference = Rs. 80 - Rs. 72 = 8

 Loss %=880×100=10%therefore text{ Loss } % = frac{8}{80} times 100 = 10%

Q17 :

5 mangoes and 4 oranges cost as much as 3 mangoes and 7 oranges. The ratio of cost of one mango to the cost of one orange is

A
  

2 : 3

B
  

3 : 2

C
  

1 : 3

D
  

4 : 3

View Answer
Correct Answer: B

3 : 2

Description:

5 mangoes + 4 oranges = 3 mangoes +  7 oranges

Rightarrow 2 mangoes = 3 oranges Rightarrow 3 : 2

Q18 :

Ram sold two bicycles, each for Rs. 990. If he made 10% profit on the first and 10% loss on the second, what is the total cost price?

A
  

Rs. 1500

B
  

Rs. 1700

C
  

Rs. 2000

D
  

Rs. 2300

View Answer
Correct Answer: C

Rs. 2000

Description:

S. P. of both = 2 ×times 990 = 1980

Since in such situation there is always 1%  loss.

therefore 99% of C.P.  = Rs. 1980

C.P. = Rs. 2000

Q19 :

What profit percent is made by selling an article at a certain price, if by selling it at half price there would be a loss at the rate of 1212%12 frac{1}{2}% ?

A
  

50%

B
  

40%

C
  

75%

D
  

29%

View Answer
Correct Answer: C

75%

Description:

=12 S.P.=8712% C.P.= frac{1}{2} text{ S.P.} = 87frac{1}{2}% text{ C.P.}

 S.P. =2×8712% C.P. =175% C.P.therefore text{ S.P. } = 2 times 87frac{1}{2}% text{ C.P. } = 175% text{ C.P.}

therefore Article should sold at 75% profit

Q20 :

The cost price of 10 articles is equal to the selling price of 9 articles. The profit/loss percent is

A
  

1%1%

B
  

9%9%

C
  

10%10%

D
  

1119%11frac{1}{9}%

View Answer
Correct Answer: D

1119%11frac{1}{9}%

Description:

Suppose C.P. of 10 articles = Rs. 10
therefore S.P. of  9 articles = Rs. 10
 S.P. of 10 articles =10×109= Rs. 1009Rightarrow text{ S.P. of 10 articles } = frac{10 times 10}{9} =text{ Rs. } frac{100}{9}
 Profit =100910=109therefore text{ Profit } = frac{100}{9} - 10 = frac{10}{9}
 Profit % =109×110×100=1119text{ Profit % } = frac{10}{9} times frac{1}{10} times 100 = 11frac{1}{9}

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