QUANT: QUIZ OF PROFIT AND LOSS

1.If the cost price is 25% of selling price. Then what is the profit percent.
 a.  150%
 b.  200%
 c.  300%
 d.  350%

2.A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then would have been percentage of profit and loss ?
a.  2% Profit
b.  3% Profit
c.  2% Loss
 d.  3% Loss
3.In terms of percentage profit, which among following the best transaction.
a.  C.P. 36, Profit 17
b.  C.P. 50, Profit 24
c.  C.P. 40, Profit 19
d.  C.P. 60, Profit 29
4.A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles ?
a.  Rs15
b.  Rs 20
c.  Rs 22
d.  Rs 25
5.A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is
a.  18%
b.  20%
c.  22%
d.  24%
6.A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%
a.  Rs 8.81
b.  Rs 9.81
c.  Rs 10.81
d.  Rs 11.81
7.A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is
a.  12%
b.  13%
c.  14%
d.  15%
8.A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400
a.  4%
b.  5%
c.  6%
d.  7%
9.A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be.
a.  130%
b.  140%
c.  150%
d.  160%
10.If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?
a.  12%
b.  30%
c.  50%
d.  60%
Answer key and solution:
1- (C)(Explanation:Let the S.P = 100 then C.P. = 25 , Profit = 75,  Profit% = 75/25 * 100 = 3005.
2-(B)
3-(D)
4-(C)(Explanation:As question states that rate was of pair of articles,So rate of One article = 37.40/2 = Rs. 18.70
            Let Marked price = Rs X then 85% of X = 18.70 => X = 1870/85 = 22
5-(B)(Explanation:Let the cost price = Rs 100 then, Marked price = Rs 135 Required gain = 8%,
           So Selling price = Rs 108 Discount = 135 – 108 = 27, Discount% = (27/135)*100 = 20%
6-(D)(Explanation: 85 : 9 = 105 : x, x= (9?105/85) = Rs 11.81
7-(A)(Explanation: Suppose he bought 5 kg and 3 kg of tea,  Cost Price = Rs. (5 x 18 + 3 x 20) = Rs. 150.
         Selling price = Rs. (8 x 21) = Rs. 168. Profit = 168 – 150 = 18, So, Profit % = (18/150) * 100 = 12%
8-(D)(Explanation: Gain % = (164.36*100/2400) = 6.84 % = 7% approx
9-(B)(Explanation:Let the C.P. = x, Then S.P. = (120/100)x = 6x/5  New S.P. = 2(6x/5) = 12x/5
           Profit = 12x/5 – x = 7x/5  Profit% = (Profit/C.P.) * 100 => (7x/5) * (1/x) * 100 = 140 %
10-(C)(Explanation:Friends, we know we will need gain amount to get gain percent, right. So lets get gain first.
             Let the cost price of 1 pen is Re 1  Cost of 8 pens = Rs 8 Selling price of 8 pens = 12
            Gain = 12 – 8 = 4 Gain%=(GainCost*100)%=(48*100)%=50%

Download Upcoming Government Exam Calendar 2021

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Join the Conversation

45 Comments

  1. 1.c

    2. S.P.=(100+gain%100∗C.P)So, C.P. = (100110∗25.75)When S.P. = 25.75
    then Profit=25.75−25=Re.0.75Profit%=0.7525∗100=3%

    3. Profit% = (profit/cost) * 100 =48.3

    4. = 37.40/2 = Rs. 18.70;
    price = Rs X; then 85% of X
    = 18.70 => X = 1870/85 = 22

    5. Let
    the cost price = Rs 100 then, Marked
    price = Rs 135 Required gain = 8%,

    So Selling price = Rs 108 Discount = 135 – 108 = 27 Discount%
    = (27/135)*100 = 20%

  2. Time undatam ledu bank lo full work, leaves kuda ivvadam ledu, tire2 maximum ettipothundi,

  3. Chudu thammudu Anni banks alage undavu, nadi bank of Baroda, daily 7 avuthundi, intiki vachaka opika undadu kada,

  4. Anna plz reply me…mock tests enditlo rastunnaru…plz guide me..we mesg epudu chusina reply evvandi.plz

  5. Name of SuperboOK for maths?is trigonometry,algebra covered? If yes where I can buy it. Plz suggest me

  6. Bro this book is for only prectice,,,for mock tests…paramount practice book,,it have 20 practice sets.

Leave a comment

Your email address will not be published. Required fields are marked *

×
Login
OR

Forgot Password?

×
Sign Up
OR
Forgot Password
Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Reset Password
Please enter the OTP sent to
/6


×
CHANGE PASSWORD