Profit Loss And Discount Test

Result

Profit Loss And Discount Test - 1

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0.25

If books bought at prices ranging from ₹200 to ₹350 are sold at prices ranging from ₹300 to ₹₹425, what can be the greatest possible profit?

A
₹400

B
₹600

C
Cannot be determined

D
None of these

Solution

Nothing is mentioned about the number of books.
Question 2
1 / -0.25

The cost price of 20 articles is same as the selling price of 15 articles. The profit percentage is

A
25%

B
30%

C
33.33%

D
50%

Solution

CP of 20 articles = SP of 15 articles

SP of 15 = CP of 15 + CP of 5.

We know, SP = CP + Profit

∴ Percentage profit = 5/15 × 100 = 33.33%.
Question 3
1 / -0.25

If the selling price of an article is 4/3 times of its cost price, the profit percentage is

A

B

C

D

Solution
Question 4
1 / -0.25

If the cost price of 12 books is same as the selling price of 16 books, the loss percentage is

A
15%

B
20%

C
25%

D
30%

Solution

SP of 16 books = CP of 12 books.

SP of 16 = CP of 16 – CP of 4.

∴ Percentage Loss = 4/16 × 100 = 25%
Question 5
1 / -0.25

A man loses the selling price of 4 apples on selling 36 apples. His loss percentage is

A
12.5%

B
11.11%

C
10%

D
None of these

Solution

Loss = SP of 4 apples on selling 36 apples.

∴ SP of 40 = CP of 36 = CP of 40 – CP of 4

∴ Loss percentage = 4/40 × 100 = 10%.
Question 6
1 / -0.25

By selling a table, Aditya earned a profit equal to one-fourth of the price for which he bought it. If he sold it for ₹375, what was the cost price?

A
₹281.75

B
₹300

C
₹312.50

D
₹350

Solution
Question 7
1 / -0.25

A man bought a number of bananas at 3 for a rupee and an equal number at 2 for a rupee. At what price per dozen should he sell them to make a profit of 20%?

A
₹4

B
₹5

C
₹6

D
₹7

Solution
Question 8
1 / -0.25

A man bought oranges at ₹5 a dozen and an equal number at ₹2 a dozen. He sold them at ₹5.50 a dozen and made a profit of ₹50. How many oranges (in dozens) did he buy?

A
25

B
40

C
50

D
60

Solution

CP of one dozen oranges of first quality = ₹5.

CP of one dozen oranges of second quality = ₹2.

SP = ₹5.50

Profit per dozen = ₹2.

Total profit = ₹50.

∴ Number of dozens = 50/2 = 25.
Question 9
1 / -0.25

A producer of tea blends two varieties costing ₹18 per kilogram and another ₹20 per kilogram in the ratio 5 : 3. If he sells the blended variety at ₹21 per kilogram, what is his gain percentage?

A
10%

B
12%

C
19%

D
22%

Solution

CP of first = ₹18 per kilogram.

CP of second = ₹20 per kilogram.

Suppose he mixes 5 kg of first and 3 kg of second (for 8 kg rice).

Total CP = 18 × 5 + 20 × 3 = 90 + 60 = ₹150

Total SP = 21 × 8 = ₹168.
Question 10
1 / -0.25

Ram purchased 35 kg rice at ₹9.50 per kilogram and 30 kg at ₹10.50 per kilogram, and mixed them. At what price (per kilogram) should he sell the mixture to gain 35%?

A
₹12

B
₹12.50

C
₹13

D
₹13.50

Solution

Total CP = 35 × 9.5 + 30 × 10.5

= 332.5 + 315 = ₹647.5 (For 65 kg rice)