Correct Answers: | |

Wrong Answers: | |

Unattempted: |

### Question 1

When 13 items are sold at an amount of Rs. 36, a loss equal to the cost of 7 items is incurred. What is the cost of one item?

### Question 2

A retailer makes a gain of 20% when he sells the first item for Rs. 480. But he suffers a loss of 5% when he sells the second item for Rs. 570. What is his combined loss or gain?

**A**

5.

**B**

6.

**C**

7.

**D**

4.

**Soln.**

**Ans: a**

The cost of the first item is 480 × $100/{100 + 20}$ which is Rs. 400. The cost of the second item is 570 × $100/{100 - 5}$ which is Rs. 600. The combined cost is 400 + 600 = Rs. 1000. The combined sale is 480 + 570 = Rs. 1050. The profit percent is 100 × ${1050 - 1000}/1000$, which is 5%.

### Question 3

A loss of 5% is made by selling an article at Rs. 475. What is the cost of the article?

### Question 4

An article was purchased at ${3/25}$ of its marked price. Later it was sold at a 25% more than the marked price. What is the profit percentage?

### Question 5

Articles are purhcased at the rate of 5 articles for Rs. 3. They are sold at 3 articles for Rs. 5. The profit earned in rupees by selling 15 articles would be?

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This Blog Post/Article "Profit and Loss Quiz Set 002" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2017-05-17.