Profit and Loss Quiz Set 006

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Question 1

When 13 items are sold at an amount of Rs. 49, a loss equal to the cost of 6 items is incurred. What is the cost of one item?

 A

Rs. 7.

 B

Rs. 8.

 C

Rs. 9.

 D

Rs. 6.

Soln.
Ans: a

Let the cost per item be c. Then loss = 6c. So we can write 13c - 49 = 6c. Solving we get c = Rs. 7.


Question 2

A profit of 20% is made by selling an article at Rs. 120. What is the cost of the article?

 A

100.

 B

110.

 C

120.

 D

95.

Soln.
Ans: a

Build it like this: if the sale is 120, the cost is Rs. 100. So, when the sale is 120 the cost should be ${100/120} × 120$ = Rs. 100.


Question 3

A loss of 30% is made by selling an article at Rs. 210. What is the cost of the article?

 A

300.

 B

310.

 C

320.

 D

295.

Soln.
Ans: a

Build it like this: if the sale is 100 - 30 = 70, the cost is Rs. 100. So, when the sale is 210 the cost should be ${100/70} × 210$ = Rs. 300.


Question 4

The cost price of 290 items is same as the sale price of N items. If the profit is 45%, then what is N?

 A

200.

 B

201.

 C

199.

 D

202.

Soln.
Ans: a

Let the cost per unit be r. CP of N items is rN, and SP of N items is already given to us as 290r. Profit percent is ${{290r - rN}/{rN}} × 100$ = 45. Cancelling r, and solving for N we get N = 200.


Question 5

What should be the marked price of an item if a profit of 125% is to be made after allowing a discount of 25%?

 A

Rs. 300.

 B

Rs. 310.

 C

Rs. 290.

 D

Rs. 320.

Soln.
Ans: a

If the cost is 100, the sale price would be 100 + 125 = Rs. 225. If M is the marked price, then sale price is (100 - 25)% of M = 225. Which gives 75M/100 = 225, which gives M = Rs. 300


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This Blog Post/Article "Profit and Loss Quiz Set 006" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Updated on 2017-05-17.

Posted by Parveen(Hoven),
Aptitude Trainer


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