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### Question 1

When 14 items are sold at an amount of Rs. 72, a loss equal to the cost of 6 items is incurred. What is the cost of one item?

### Question 2

A retailer buys an item of marked price Rs. 2400 at a discount of 10%. What will be his profit percentage(approx.) when he sells it at the marked price?

**A**

11% (approx.).

**B**

21% (approx.).

**C**

6% (approx.).

**D**

16% (approx.).

**Soln.**

**Ans: a**

The discount is 10 % of 2400 = ${10 × 2400}/100$ = Rs. 240. The cost to the retailer is $2400 - 240$ = Rs. 2160. The discount that he gets from the wholesaler becomes his profit = Rs. 240. So Profit% = ${240 × 100}/2160$ = 11%(approx.).

### Question 3

Goods are purchased at a cost price of Rs. 500 and sold at a loss of 5%. What is the sale price?

### Question 4

The cost price of 165 items is same as the sale price of N items. If the profit is 32%, then what is N?

### Question 5

The total cost of two cows is Rs. 1200. The owner sells the first cow at a profit of 45%, and the second one at a loss of 5%. If he sells them at the same price, what are the costs of the two cows?

**A**

Rs. 475 and 725.

**B**

Rs. 575 and 625.

**C**

Rs. 425 and 775.

**D**

Rs. 237 and 963.

**Soln.**

**Ans: a**

Let the costs of the cows be C and 1200 - C. The sale price is given as same. So (100 + 45) × C = (100 - 5) × (1200 - C). Simplifying, we get 145 × C = 95 × (1200 - C). Solving for C we get, C = Rs. 475. The cost of the other cow is 1200 - 475 = Rs. 725.

This Blog Post/Article "Profit and Loss Quiz Set 009" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2017-05-17.