Profit and Loss – Quiz 7

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Profit and Loss – Quiz 7

Introduction

Profit and Loss is one of important topic in Quantitative Aptitude Section. In Profit and Loss – Quiz 7 article candidates can find questions with answer. By solving this questions candidates can improve and maintain, speed, and accuracy in the exams. Profit and Loss – Quiz 7 questions are very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS SO, RRB, Railways, Civil Services etc.

Q1

If C.P. of 21 oranges is equal to the S.P. of 18 oranges, then profit percent is
A. 7 $\frac {1} {7}$% B. 5 $\frac {5} {9}$% C. 16 $\frac {2} {3}$% D. 7 $\frac {1} {3}$%

C
$\frac {SP - CP} {SP} \times 100%$ = $\frac {3} {18} \times 100$ = 16 $\frac {2} {3}$%

Q2

A man sold two horses for Rs. 3000 each gaining 25% on the one and losing 25% on the other. His loss percent is
A. 7 $\frac {1} {4}$% B. 6 $\frac {1} {4}$% C. 7 $\frac {1} {3}$% D. 5 $\frac {5} {9}$%

B
$2.5 \times 2.5 = 6 \frac {1} {4}$%

Q3

Rajan buys lemons at the rate of 9 for 80p and sells them at 11 for 120p. His gain per lemon is
A. $\frac {200} {99}$ B. $\frac {11} {99}$ C. $\frac {120} {99}$ D. $\frac {5} {9}$

A
CP = $\frac {80} {9}$; SP = $\frac {120} {11}$
i.e, Gain per lemon = $\frac {120} {11} - \frac {80} {9} = \frac {200} {99}$

Q4

Ram sold a cow to Rahim at 20% profit . Rahim sold it to Robert at 25% profit. If Robert paid Rs. 900, then Ram had purchased the cow (in rupees) for
A. 600 B. 700 C. 750 D. 800

A
Let Ram’s cost price = Rs. 100
i.e, Ram’s selling price
= $Rs.100 \times \frac {100 + 20} {20}$
= Rs. 120
Rahim’s cost price = Rs. 120
i.e, Rahim’s selling price
= $Rs.120 \times \frac {100 \times 25} {100}$
= Rs.150
Robert’s cost price = Rs. 150
If Robert’s cost price is Rs. 150, then Ram’s cost price = Rs. 100
Hence if Robert’s cost price is Rs. 900, then Ram’s cost price
= $Rs.900 \times \frac {100 } {150}$ = Rs. 600

Q5

Even after reducing the marked price of a T.V. by Rs. 320, a shopkeeper makes a profit of 15%. If the cost price be Rs. 3200, what % of profit would he have made if he had sold the T.V. at the marked price ?
A. 10% B. 20% C. 25% D. 16 %

B
15% of 3200 = 480
M.P. = 3200 + 480 + 320 = 4000
P = 4000 – 3200 = 800
i.e, P% = $\frac {800} {4000} \times$ 100% = 20%