Profit, Loss and Discount Test

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Profit, Loss and Discount Test - 9

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Weekly Quiz Competition

Question 1
1 / -0

100 lemons arebought for ₹ 350 and all of them are sold at the rate of ₹ 48 per dozen. Findthe profit percent or loss percent made.

A
14(2/7)

B
23(4/5)

C
11(5/9)

D
23/6

Solution

It is given that
C.P of one lemon = 350/100 = ₹ 3.50
S.P of one lemon = 48/12 = ₹ 4
Gain = 4 – 3.50 = ₹ 0.50
Gain percent = (gain × 100)/ C.P
Substituting the values
= 0.50/3.50 × 100%
= 14 (2/7) %
Question 2
1 / -0

The C.P. of 15identical articles is equal to S.P. of 12 articles. Calculatethe profit percent or loss percent made if all the articles bought have beensold.

A
8

B
16

C
25

D
33

Solution

It is given that
C.P of 15 articles = S.P of 12 articles
Consider the C.P of 15 articles = S.P of12 articles = ₹ 300
C.P of 1 article = 300/15 = ₹ 20
S.P of 1 article = 300/12 = ₹ 25
Profit = S.P – C.P
Substituting the values
= 25 – 20
= ₹ 5
Profit percent = (profit × 100)/ C.P
Substituting the values
= (5 × 100)/ 20
= 25%
Question 3
1 / -0

A shopkeeper marked a dinner set for ₹ 2,000.He sold it at ₹ 1800. What percentdiscount did he give?

A
5

B
10

C
15

D
20

Solution

It is given that
M.P of a dinner set = ₹ 2000
S.P of a dinner set = ₹ 1800
So the amount of discount = 2000 – 1800 = ₹ 200
Discount percent = (Discount × 100)/ M.P
Substituting the values
= (200 × 100)/ 2000
= 10%
Question 4
1 / -0

A shopkeeper allows 4%discount on the marked price of his articles. Find the marked price of anarticle for which he charges ₹ 288.

A
300

B
250

C
200

D
150

Solution

Consider M.P of articles = ₹ 100
Discount on the M.P = 4%
S.P of articles = 100 – 4 = ₹ 96
If S.P of articles is ₹ 96 then M.P = ₹ 100
If S.P of articles is ₹ 288 then M.P = (100 × 288)/ 96 = ₹ 300
Question 5
1 / -0

An article is marked 20%above the cost price and sold at 10% discount. Find theprofit percent made.

A
8

B
10

C
12

D
14

Solution

Consider the C.P of an article = ₹ 100
M.P of an article = 100 + 20 = ₹ 120
Rate of discount = 10%
S.P = [M.P (100 – Discount percent)]/ 100
Substituting the values
= [120 (100 – 10)]/ 100
So we get
= (120 × 90)/ 100
= ₹ 108
Profit = S.P – C.P
Substituting the values
= 108 – 100
= ₹ 8
Profit percent = (profit × 100)/ C.P
Substituting the values
= (8 × 100)/ 100
= 8%
Question 6
1 / -0

A shopkeeper buys an article for ₹ 500.He increases its price by 20%. Find:the new price(marked price) of the article.

A
550

B
600

C
725

D
780

Solution

It is given that
C.P of an article = ₹ 500
Increase in price = 20%
M.P = [C.P (100 + increase percent)]/ 100
Substituting the values
= [500 (100 + 20)]/ 100
So we get
= (500 × 120)/ 100
= ₹ 600
Question 7
1 / -0

Abike is marked at ₹ 20000and is sold at a discount of 10%. Find the selling price of the bike.

A
16500

B
18000

C
19000

D
18500

Solution

It is given that
M.P. = ₹ 20000
Rate of discount = 10%
So the amount of discount = 20000 × 10/100 = ₹ 2000
S.P = M.P – discount
Substituting the values
= 20000 – 2000
= ₹ 18000
Question 8
1 / -0

Rajeshsells his goods at 20% discount. Find theprice of an article which is sold for ₹ 800.

A
800

B
900

C
1000

D
1100

Solution

It is given that
S.P of an article = ₹800
Rate of discount = 20%
Consider M.P of the article = ₹ 100
S.P = 100 – 20 = ₹ 80
If S.P of the article is ₹ 80 then M.P = ₹ 100
If S.P of the article is ₹ 800 then M.P = (100 × 800)/ 80 = ₹ 1000
Question 9
1 / -0

A dealer buys a T.V. set for ₹ 7000.He marks it at ₹ 10000 and then gives adiscount of 20% on it. Find:the selling price of the T.V.set

A
2000

B
4000

C
6000

D
8000

Solution

It is given that
C.P of a T.V. set = ₹ 7000
M.P of a T.V. set = ₹ 10000
Rate of discount = 20%
So the total discount = 10000 × 20/100 = ₹ 2000
S.P of the TV set = 10000 – 2000 = ₹ 8000
Question 10
1 / -0

20 lemons arebought at 2 for ₹ 25 and all of them aresold at 3for ₹ 48. Find:C.P. of one lemon.

A
11.25

B
12.50

C
10.90

D
15.75

Solution

C.P of 2lemons = ₹ 25
C.P of 20 lemons = (25 × 20)/ 2 = ₹ 250
So the C.P of 1 lemon = 250/20 = 25/2 = ₹ 12.50
Question 11
1 / -0

The C.P. of 4pens is same as S.P. of 5 pens. Calculate theprofit or loss percent made, if all the pens bought are considered to be sold.

A
10

B
20

C
30

D
40

Solution

Consider C.P of 4 pens = S.P of 5 pens = ₹ 50
C.P of 1 pen = 50/4 = ₹ 12.50
S.P of 1 pen =50/5 = ₹ 10
Loss = C.P – S.P
Substituting the values
= 12.50 – 10
= ₹ 2.50
Loss percent = (loss × 100)/ C.P
Substituting the values
= (2.50 × 100)/ 12.50
Multiplying both numerator and denominator by 100 × 100
= (250 × 100 × 100)/ (1250 × 100)
= 20%
Question 12
1 / -0

A pair of shoes, marked at ₹ 400, are soldat a discount of 10percent.
Find:the discount,

A
10

B
20

C
30

D
40

Solution

It is given that
M.P of shoes = ₹ 400
Rate of discount = 10%
Amount of discount = (400 × 10)/ 100 = ₹ 40
Question 13
1 / -0

A car is marked at ₹ 100000.The dealer gives 5% discount on first ₹ 40000 and 2% discount onthe remaining ₹ 60000. Find:the totaldiscount.

A
2100

B
2500

C
3200

D
3800

Solution

It is given that
M.P of a car = ₹ 100000
Discount at the rate of 5% on first ₹ 40000 = (40000 × 5)/ 100 = ₹ 2000
Discount at the rate of 2% on remaining ₹ 60000 = (60000 × 2)/ 100 = ₹ 1200
Total discount = 2000 + 1200
= ₹ 3200.
Question 14
1 / -0

Riteshbuysa music playerfor ₹ 250.He marks it at ₹ 320 and then gives adiscount of 10% on it. Find:the profit percent made by the Ritesh.

A
14.1

B
15.2

C
16.3

D
13.0

Solution

It is given that
C.P. = ₹ 250
M.P. = ₹ 320
Rate of discount = 10%
So the total discount = 320 × 10/100 = ₹ 32
S.P of the TV set = 320 – 32= ₹ 288
Gain = S.P – C.P
Substituting the values
= 288 – 250
= ₹ 38
Gain percent = (gain × 100)/ C.P
Substituting the values
= (38 × 100)/ 250
= 76/5
= 15 1/5 % or 15.2%
Question 15
1 / -0

A toy, marked at ₹ 500, are sold at a discount of 20percent.
Find:the selling price of the toy.

A
200

B
300

C
400

D
100

Solution

It is given that
M.P. = ₹ 500
Rate of discount = 20%
Amount of discount = (500 × 20)/ 100 = ₹ 100
S.P = M.P – Discount
Substituting the values
= 500 – 100
= ₹ 400.

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Re-Attempt Weekly Quiz Competition

Profit, Loss and Discount Test - 9

Result

Profit, Loss and Discount Test - 9

Score

-

Rank

-

SHARING IS CARING

Question 1

14(2/7)

23(4/5)

11(5/9)

23/6

Solution

Question 2

8

16

25

33

Solution

Question 3

5

10

15

20

Solution

Question 4

300

250

200

150

Solution

Question 5

8

10

12

14

Solution

Question 6

550

600

725

780

Solution

Question 7

16500

18000

19000

18500

Solution

Question 8

800

900

1000

1100

Solution

Question 9

2000

4000

6000

8000

Solution

Question 10

11.25

12.50

10.90

15.75

Solution

Question 11

10

20

30

40

Solution

Question 12

10

20

30

40

Solution