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### Question 1

A merchant purchased 28 Kg of wheat at the rate of 3.00 Rs./Kg, and 72 Kg wheat at 2.00 Rs./Kg. At what rate must he sell the mixture to make an overall gain of 5%?

### Question 2

1260 items are purchased at a cost of Rs. 6. How many items should be sold for Rs. 6 to make a profit of 5%?

### Question 3

1776 items are purchased at a cost of Rs. 8. How many items should be sold for Rs. 8 to make a profit of 11%?

### Question 4

A merchant is selling cloth at a profit of 328%. If the cost increases by 7%, but he continues to sell at the same price, then what is the new profit percentage?

**A**

300%.

**B**

400%.

**C**

200%.

**D**

500%.

**Soln.**

**Ans: a**

Let the cost price be CP. Then the SP = CP x (1 + $328/100$) = $428/100$ × CP. New CP = (1 + $7/100$) × CP, which is $107/100$ × CP. New Profit% = (SP/CP - 1) × 100, which is $(({428/100 × CP}/{107/100 × CP}) - 1) × 100)$, which becomes $(428 - 107)/107$ × 100 = 300%.

### Question 5

A packet of 100 electronics components is purchased at a cost of Rs. 600. Each component is sold at Rs. 54. What is the profit in percent terms?

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This Blog Post/Article "Profit and Loss Quiz Set 001" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2017-05-17.