Correct Answers: | |

Wrong Answers: | |

Unattempted: |

### Question 1

Goods are purchased at a cost price of Rs. 1400 and sold at a loss of 10%. What is the sale price?

### Question 2

A packet of 100 electronics components is purchased at a cost of Rs. 400. Each component is sold at Rs. 20. What is the profit in percent terms?

### Question 3

What should be the marked price of an item if a profit of 70% is to be made after allowing a discount of 15%?

### Question 4

A merchant is selling cloth at a profit of 206%. If the cost increases by 2%, but he continues to sell at the same price, then what is the new profit percentage?

**A**

200%.

**B**

300%.

**C**

100%.

**D**

400%.

**Soln.**

**Ans: a**

Let the cost price be CP. Then the SP = CP x (1 + $206/100$) = $306/100$ × CP. New CP = (1 + $2/100$) × CP, which is $102/100$ × CP. New Profit% = (SP/CP - 1) × 100, which is $(({306/100 × CP}/{102/100 × CP}) - 1) × 100)$, which becomes $(306 - 102)/102$ × 100 = 200%.

### Question 5

The total cost of two cows is Rs. 1150. The owner sells the first cow at a profit of 55%, and the second one at a loss of 25%. If he sells them at the same price, what are the costs of the two cows?

**A**

Rs. 375 and 775.

**B**

Rs. 475 and 675.

**C**

Rs. 325 and 825.

**D**

Rs. 187 and 963.

**Soln.**

**Ans: a**

Let the costs of the cows be C and 1150 - C. The sale price is given as same. So (100 + 55) × C = (100 - 25) × (1150 - C). Simplifying, we get 155 × C = 75 × (1150 - C). Solving for C we get, C = Rs. 375. The cost of the other cow is 1150 - 375 = Rs. 775.

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This Blog Post/Article "Profit and Loss Quiz Set 012" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2017-05-17.