Correct Answers: | |

Wrong Answers: | |

Unattempted: |

### Question 1

When an item is sold for Rs. 7000, a loss of 64% is incurred. What should be the sale price to earn a profit of 116%?

### Question 2

A profit of 40% is made by selling an article at Rs. 140. What is the cost of the article?

### Question 3

The total cost of two cows is Rs. 230. The owner sells the first cow at a profit of 50%, and the second one at a loss of 20%. If he sells them at the same price, what are the costs of the two cows?

**A**

Rs. 80 and 150.

**B**

Rs. 180 and 50.

**C**

Rs. 30 and 200.

**D**

Rs. 40 and 190.

**Soln.**

**Ans: a**

Let the costs of the cows be C and 230 - C. The sale price is given as same. So (100 + 50) × C = (100 - 20) × (230 - C). Simplifying, we get 150 × C = 80 × (230 - C). Solving for C we get, C = Rs. 80. The cost of the other cow is 230 - 80 = Rs. 150.

### Question 4

A merchant purchased 37 Kg of wheat at the rate of 6.00 Rs./Kg, and 63 Kg wheat at 8.00 Rs./Kg. At what rate must he sell the mixture to make an overall gain of 5%?

### Question 5

A retailer buys an item of marked price Rs. 2200 at a discount of 15%. What will be his profit percentage(approx.) when he sells it at the marked price?

**A**

17% (approx.).

**B**

27% (approx.).

**C**

12% (approx.).

**D**

22% (approx.).

**Soln.**

**Ans: a**

The discount is 15 % of 2200 = ${15 × 2200}/100$ = Rs. 330. The cost to the retailer is $2200 - 330$ = Rs. 1870. The discount that he gets from the wholesaler becomes his profit = Rs. 330. So Profit% = ${330 × 100}/1870$ = 17%(approx.).

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This Blog Post/Article "Profit and Loss Quiz Set 005" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2017-05-17.