Profit, Loss and Discount Test

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Profit, Loss and Discount Test - 3

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Question 1
1 / -0

Find the gain or loss per cent, when:S.P. = Rs 12720 and loss = Rs 3280

A
18.5

B
20.5

C
22.5

D
24.5

Solution

Given SP = Rs. 12720, loss = Rs. 3280

Loss = CP – SP

Hence, CP = Loss+ SP

= Rs. 3280 + Rs. 12720

= Rs. 16000

Loss % = {(Loss/CP) x 100} %

= {(3280/16000) x 100%

Loss % = 20.5%
Question 2
1 / -0

Find the unknown value:C.P. = Rs 120, S.P. = Rs 135 Profit/Loss?

A
30

B
25

C
2

D
15

Solution

Given CP = Rs. 120, SP = Rs. 135

Clearly CP < SP. So, profit.

Profit = SP – CP

= Rs. (135 – 120)

= Rs. 15
Question 3
1 / -0

cost price of an item = Rs 1265, selling price of an item = Rs 1253, Loss = Rs

A
9

B
10

C
11

D
12

Solution

Given CP = Rs. 1265, SP = Rs. 1253

Loss = CP – SP

= Rs. (1265 – 1253)

= Rs. 12
Question 4
1 / -0

C.P. = Rs 33, S.P. = Rs73,Profit = Rs……

A
10

B
20

C
30

D
40

Solution

Given CP = Rs. 33, SP = Rs. 73,

Here SP > CP, so profit.

Profit = SP – CP

Profit = Rs. (73 – 33)

= Rs. 40
Question 5
1 / -0

Find the unknown value:C.P. = Rs 98, S.P. = Rs 94 Profit/Loss =?

A
2

B
3

C
4

D
5

Solution

Given CP = Rs. 98, SP = Rs. 94

Clearly CP > SP.So, loss.

Loss = CP – SP

= Rs. (98 – 94)

= Rs. 4
Question 6
1 / -0

Find the gain or loss per cent, when:C.P. = Rs 350, Overhead expenses = Rs 15 and loss = Rs 146

A
10

B
20

C
30

D
40

Solution

Given CP = Rs. 3500, overhead expenses = Rs. 150 and loss = Rs. 146

We know that Loss % = {(Loss/ (CP + overhead expenses)} x 100

= {146/ (350+ 15)} x 100

= {146/365} x 100

= 14600/365

Loss = 40%
Question 7
1 / -0

A floweriest buys 10 dozen roses at Rs 2 a dozen. By the time the flowers are delivered, 2dozen roses are mutilated and are thrown away. At what price should he sell the rest if he needs to make a 10% profit on his purchase?

A
2.75

B
1.45

C
3.75

D
4.52

Solution

Given cost of 1 dozen roses = Rs. 2

Number of roses bought by the florist = 10 dozens

Thus, cost price of 10 dozen roses = 2 x 10 = Rs. 20

Roses left after discarding the mutilated ones = 8 dozens

Calculating the price at which the florist should sell the 8dozen roses in order to make a profit of 10%, we have

Profit % = ((SP-CP)/CP) x100 = ((SP-20)/20) x 100

2 = SP – 20

SP = Rs. 22

Therefore, the SP of the roses should be Rs. 22/8 = Rs.2.75 per dozen.
Question 8
1 / -0

Raj bought 40 dozen pencils at Rs 10.80 a dozen and sold them for Rs. 0.8 each. Find his gain or loss percent.

A
9.11

B
10.11

C
11.11

D
12.11

Solution

Given Cost of 1 dozen pencils = Rs. 10.80

Therefore cost of 40 dozen pencils = 40 x 10.80

= Rs. 432

Also given that selling price of each pencil = 80 paise

Total number of pencils = 12 x 40 = 480

SP of 480 pencils = 480 x 80 paise

= 38400paise

= Rs. 384.

Here, clearly SP < CP.

Loss = CP – SP

= Rs. (432 – 384)

= Rs. 48

Loss % = (Loss/CP) x 100

= (48/432) x 100

= 4800/432

Loss = 11.11%
Question 9
1 / -0

Find the gain or loss per cent, when:C.P. = Rs 230, Overhead expenses = Rs 30 and gain = Rs 26.

A
5

B
7

C
10

D
13

Solution

Given CP = Rs. 230, overhead expenses = Rs. 30 and gain = Rs. 26.

We know that Gain % = {(Gain/ (CP + overhead expenses)} x 100

= {26/ (230 + 30} x 100

= {26/260} x 100

Gain = 10%
Question 10
1 / -0

A shopkeeper makes a profit of 10% by selling a book for Rs300. What is the C.P. and the actual profit?

A
18.9

B
27.3

C
24.7

D
29.4

Solution

Given that the SP of a book = Rs. 300

Profit % = 10

Since

CP = (SP x 100) / (100 + profit %)

CP = (300x 100) / (100 + 10)

CP = 30000 / 110 = Rs. 272.7

Also, Profit = SP – CP = Rs. (300 – 272.7) = Rs. 27.3

Actual profit = Rs. 27.3

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Re-Attempt Weekly Quiz Competition

Profit, Loss and Discount Test - 3

Result

Profit, Loss and Discount Test - 3

Score

-

Rank

-

SHARING IS CARING

Question 1

18.5

20.5

22.5

24.5

Solution

Question 2

30

25

2

15

Solution

Question 3

9

10

11

12

Solution

Question 4

10

20

30

40

Solution

Question 5

2

3

4

5

Solution

Question 6

10

20

30

40

Solution

Question 7

2.75

1.45

3.75

4.52

Solution

Question 8

9.11

10.11

11.11

12.11

Solution

Question 9

5

7

10

13

Solution

Question 10

18.9

27.3

24.7

29.4

Solution

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