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Profit and Loss – Quiz 8

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Profit and Loss – Quiz 8

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Profit and Loss is one of important topic in Quantitative Aptitude Section. In Profit and Loss – Quiz 8 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 8 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.

shape Q1

If selling price is doubled, the profit triples. Find the profit percent ?
    A. 100% B. 200% C. 300% D. 400%


Let the C.P be Rs.100 and S.P be Rs.x, Then
The profit is (x - 100)
Now the S.P is doubled, then the new S.P is 2x
New profit is (2x - 100)
Now as per the given condition;
=> 3(x - 100) = 2x - 100
By solving, we get
x = 200
S.P = x = 200
gain = 200 - 100 = 100
Then the Profit percent = [latex]\frac {100 \times 100}{100}[/latex] = 100%
Hence the profit percentage is 100%

shape Q2

What is the profit or loss % when a shopkeeper bought 4 mangoes for Rs. 6 and sold them @ 4 mangoes for Rs. 4?
    A. 36.333% B. 33.666% C. 33.333% D. 36.666%


Cost of 4 mangoes = Rs. 6
Cost of 1 mango = Rs. [latex]\frac {6}{4}[/latex] = Rs. 1.5
Now, Selling Price of 4 mangoes = Rs. 4
Selling Price of 1 mango = Rs. [latex]\frac {4}{4}[/latex] = Rs. 1.0
We observe that, S.P < C.P
Hence, the shopkeeper incurs a loss.
Required loss% = [latex]\frac {loss}{C.P x 100}[/latex]
Loss = 1.5 - 1 = 0.5
C.P = 1.5
Loss% = [latex]\frac {0.5}{1.5}\times 100[/latex]
= [latex]\frac {5}{15}\times 100[/latex]
= [latex]\frac {1}{3}\times 100[/latex]
= [latex]\frac {100}{3}[/latex]
= 33.333%.

shape Q3

A retailer cheats his wholesaler and customer both. He purchases 19% more from the wholesaler and sells 15% less while selling to its customer. What is profit percentage by selling the goods at cost price?
    A. 35% B. 40% C. 42% D. 46%


Tota profit percentage = [latex]\frac {119 x 100}{85} - 100 = \frac {3400}{85}[/latex] = 40%

shape Q4

Karthik incurred a loss of 40 percent on selling an article for Rs. 5,640. At what price should he have sold the item to have profit of 25%?
    A. Rs. 11750 B. Rs. 12550 C. Rs. 13650 D. Rs. 11550


From the given data,
The cost price of the article = 5640 x [latex]\frac {100}{60}[/latex] = Rs. 9400
The selling price of the article to gain 25% profit = 9400 x [latex]\frac {125}{100}[/latex] = Rs. 11750.

shape Q5

If goods be purchased for Rs.450 and 1/3 is sold at a loss of 10%. At what gain % should the remainder is sold to has to gain 20% on the whole transaction?
    A. 35% B. 28% C. 22% D. 19%


Given the cost price of the articles = Rs. 450
To get overall 20% gain,
Total Selling Price = ([latex]\frac{20}{100}[/latex]) x 450 = 540
One third of the CP = [latex]\frac{1}{3}[/latex] x 450 = Rs. 150
But given [latex]\frac{1}{3}[/latex] of articles are sold at 10% loss
S.P of [latex]\frac{1}{3}[/latex] of articles = 90% of 150
= 90 x [latex]\frac{150}{100}[/latex] = 135
Then, S.P on remaining [latex]\frac {2}{3}[/latex] goods must be
= 450 - 135 = 405 ...........(1)
CP on remaining goods
= [latex]\frac {2}{3}[/latex] x 450 = 300 ............(2)
Profit = SP - CP = 405 - 300 = 105
Profit % = ([latex]\frac {105}{300}[/latex]) x 100
= 35%.

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