Sunday, February 20, 2011

PROFIT AND LOSS


QUESTIONS

      QUES 1: If the cost price of 8 tables is equal to the selling price of 12 tables, what is the approximate
                     percentage loss in the transaction?
(i)                 33%     (ii)       35%     (iii)       32%     (iv)       50%     (v) None of these
      
      QUES 2: An article is marked for sale at Rs. 504. The shopkeeper gives a discount of 5% on the sale
                     price and still earns a profit of 20%. What would be the purchase price of the article?
(i)                  399     (ii)       405      (iii)       403      (iv)       400      (v) None of these
       
      QUES 3: A wholesaler charges the price of 27 pens for 30 pens from a retailer. The retailer sells
                     them at the marked price. Find his gain percent?
(i)                 12%     (ii)       18%     (iii)       18.5%  (iv)       11.11%            (v) None of these

      QUES 4:  If the selling price of 5 pencils is equal to the cost price of 4 pencils, what is the
                      percentage loss/gain in the transaction?
(i)                 10% Profit    (ii)  20% Loss   (iii)   25% Loss   (iv)   45% Profit   (v) None of these

      QUES 5: Pramod bought a bag for Rs. 1480 and sold it for Rs. 2072. What was his percentage profit?
(i)                 10%     (ii)       20%     (iii)       40%     (iv)       50%     (v) None of these

      QUES 6: After giving 25% discount on the entry ticket, the number of visitors increased by 30%.
                     What will be its impact on the entry of other days?
(i)                 2.5% Decrease  (ii)  2.5% Increase  (iii)  2% Decrease  (iv)  2% Increase  (v) None of these

      QUES 7: 50gm rice cost Rs. 6.65. What is the cost price of 1.5 kg rice?
(i)                 399.5   (ii)       199      (iii)       399      (iv)       199.5   (v) None of these

      QUES 8: The owner of a furniture shop charges his customers 15% more than the cost price. If a
                     customer paid Rs.9039 for a sofa set, then what is the cost price of the sofa set?
(i)                 7680    (ii)       7860    (iii)       7880    (iv)       7660    (v) None of these
      
      QUES 9: A shopkeeper sells an audio set on discount of 8% of printed price and gains 25%. If print
                     price was Rs. 20,000. Then, what was the cost price?
(i)                 13800  (ii)       14720  (iii)       14800  (iv)       13720  (v) None of these
     
      QUES 10: Ram bought a radio for Rs. 950 and spent Rs. 300 for maintenance. At what price should
                      he sell it to make 30% profit?
(i)                 1650    (ii)       1550    (iii)       1525    (iv)       1625    (v) None of these

      QUES 11: The shopkeeper charges 25%more than the cost price. If a customer paid Rs. 11500 for a
                       television set. Then, what was the cost price of television set?
(i)                 9200    (ii)       7200    (iii)       8600    (iv)       9800    (v) None of these
      
      QUES 12: A person subscribing a magazine on annually basis for Rs. 1785. If the monthly
                       subscription is Rs. 175. How much discount does a yearly subscriber get?
(i)                        18%          (ii)       11%     (iii)       13%     (iv)       15%     (v) None of these
      
      QUES 13: The selling price of 30 items is equal to the cost price of 25 items, what is the
                       percentage loss/gain in the transaction?
(i)                 16.67%            (ii)       14%     (iii)       15%     (iv)       20%     (v) None of these

      QUES 14: Rahul purchased a mobile phone and got a discount of 5% from dealer. He sold that
                       mobile phone at a profit of 10% on his purchase price. What is his percentage profit on
                      actual price of the mobile phone?
(i)                 2%       (ii)       3%       (iii)       5%       (iv)       4.5%    (v) None of these
      
      QUES 15: Aman sold two television for Rs. 46,000 each. If he gains 10% on the first and losses 10%
                      on another, then what is his gain/loss% in this transaction?
(i)                 10% Loss   (ii)   10% Profit   (iii)   1% Loss   (iv)   1% Profit  (v) None of these
      
      QUES 16: The owner of a shop charges his customer 44% more than the cost price. If a customer
                       paid Rs. 648 for one wallet, then what was the cost price of the wallet?
(i)                 575      (ii)       435      (iii)       450      (iv)       515      (v) None of these

      QUES 17: A shopkeeper sold a watch for Rs. 5076 at the loss of 6%. What is the cost price of the
                       watch?
(i)                 5200    (ii)       5600    (iii)       5400    (iv)       4752    (v) None of these
      
      QUES 18: A shopkeeper declares that he sells rice at the cost price. However he uses a weight of
                       425gm instead of 500 gms. What is his profit percentage?
(i)                 17.65%            (ii)       15%     (iii)       23.53%            (iv)       20%     (v) None of these

      QUES 19: A tradesman mark his goods 30% above cost price. If he allows a discount of 6.25%, then
                       what is his gain%?
(i)                 20.875%   (ii)   21.875%   (iii)   22.875%   (iv)   23.5%   (v) None of these

      QUES 20: The profit earned after selling a wrist watch for Rs. 4080 is the same as loss incurred after
                       selling the same wrist watch for Rs. 3650. What is the cost price of the wrist watch?
(i)                 3785    (ii)       3800    (iii)       3775    (iv)       3865    (v) None of these

       QUES 21: Neha purchased a music system for Rs. 11,250 after getting discount of 10% on the labeled
                        price. He spent Rs. 150 on transport and Rs. 800 on installation. At what price should it be
                       sold so that the profit earned would have been 15%, if no discount was offered?
(i)                 12937.5   (ii)   14030   (iii)   15467.5   (iv)   13450   (v) None of these

       QUES 22: A man purchase 12 articles for Rs. 10 and sell 5 for Rs. 6. Find his gain/loss percent?
(i)                 40% Loss   (ii)   40% Profit   (iii)   30% Loss   (iv)   42% Profit          (v) None of these

       QUES 23: Raman sold a watch at 12% loss to Brajesh. Brajesh sold it to Madhuri at 10% profit. She
                        sold it to Jayanti at 15% loss. If Jayanti pays Rs. 822.80 for it. Then, what was the cost price
                        for Raman?
(i)                 990      (ii)       1000    (iii)       1075    (iv)       875      (v) None of these

       QUES 24: A man sold an article at a loss of 18%. Had he been able to sell it at a gain of 17%, it would
                         have fetched Rs. 70 more then it did. What was the cost price?
(i)                 180      (ii)       200      (iii)       230      (iv)       215      (v) None of these

       QUES 25: A book is sold for Rs.250 at a profit of 25%. At what price must he sell it to loss 20%?
(i)                 175      (ii)       190      (iii)       160      (iv)       225      (v) None of these

       QUES 26: A reduction of 10% in the price of rice enables a person to obtain 5 kg more for Rs.450.
                       What is the reduced price per kg?
(i)                 10.75   (ii)       9.5       (iii)       9          (iv)       8.5       (v) None of these

       QUES 27: An increment of 20% in the price of oranges enables a person to obtain 2 dozen less for
                        Rs.145. What is the increased price per dozen?
(i)                 13        (ii)       13.75   (iii)       14.5     (iv)       14.80   (v) None of these

       QUES 28: A trader bought a car at 20% discount on its original price. He sold it at 40% increased on
                        the price he bought it. What Percent of profit did he make on the original price?
(i)                 68%     (ii)       12%     (iii)       20%     (iv)       15%     (v) None of these

       QUES 29: Two cows are sold at Rs.4675 each. The first one at 15% profit and the second one at 15%
                        loss. Find the profit/loss percent?
(i)                 2.25% Loss   (ii)   2.25% Profit   (iii)   3% Loss   (iv)   3% Profit        (v) None of these

       QUES 30: A dealer sells a table for Rs.400, making a profit of 25%. He sells another table at a loss of
                       10% and on the whole he makes neither profit nor loss. What did the second table cost
                        him?
(i)                 750      (ii)       800      (iii)       400      (iv)       700      (v) None of these




       ANSWERS:
Question
Answer
Question
Answer
Question
Answer
1
(i)
11
(i)
21
(iii)
2
(i)
12
(iv)
22
(ii)
3
(iv)
13
(i)
23
(ii)
4
(ii)
14
(iv)
24
(ii)
5
(iii)
15
(iii)
25
(iii)
6
(i)
16
(iii)
26
(iii)
7
(iv)
17
(iii)
27
(iii)
8
(ii)
18
(i)
28
(ii)
9
(ii)
19
(ii)
29
(i)
10
(iv)
20
(iv)
30
(ii)



                                                                                             
                                                                                                             RUCHI JAIN
                                                                                           

















4 comments:

  1. maam aap baut achha padate ho.aapki wajah se mere kafi doubts clear hue hain. thnks mam
    :0

    ReplyDelete
  2. Babli te ruchi ek hi hai....self obssessed

    ReplyDelete
  3. When a person sells two similar items, one at a gain of say x%, and the other at a loss of x%, then the seller always incurs a loss given by:
    Loss % = (x/10)^2

    ReplyDelete
  4. can anyone plz explain me the solution for question num- 22

    ReplyDelete