# Profit and Loss – Quiz 8

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# Profit and Loss – Quiz 8

### Introduction

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.

### Q1

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

A
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 = $\frac {100 \times 100}{100}$ = 100%
Hence the profit percentage is 100%

### 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%

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

### 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%

B
Tota profit percentage = $\frac {119 x 100}{85} - 100 = \frac {3400}{85}$ = 40%

### 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

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

### 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%

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

### Study Guide

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