Profit And Loss Test

Result

Profit And Loss Test - 2

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Question 1
1 / -0

A sweet-seller declares that he sells sweets at the cost price. However, he uses a weight of 800 g instead of 1 kg. What is his percentage profit?

A
15%

B
25%

C
20%

D
18%

Solution

Fair CP of 1 kg sweets = Rs. 100
Actual CP of 1 kg sweets (using false weight of 800 g) = Rs. 80
Profit earned (due to false weight) = Rs. 20
Profit % = 20 x 100/80 = 25
Question 2
1 / -0

Beetel is a telephone manufacturing company. It has a target of 18% gain by selling 1,000 sets. But to some buyers, it sells at cheaper prices. It sells some at a gain of 25% and the rest at a gain of 15% and achieves its target. How many sets does it sell, respectively?

A
300, 700

B
350, 650

C
600, 400

D
200, 800

Solution

Let the number of sets sold at 25% profit be x.
1.25x + (1000 - x)(1.15) = 1000 x 1.18
1.25x +1150 - 1.15x = 1180
0.1x = 30
x = 300
300 at the profit of 25% and 700 at the profit of 15%
Question 3
1 / -0

A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for Rs. 132 less, he would have still gained 10%. Find the cost price of the article.

A
Rs. 1200

B
Rs. 1310

C
Rs. 1320

D
Rs. 1336

Solution

Let the CP of the article be Rs. x.
According to the given condition:
1.1 x - 132 = 1.1(0.9x)
1.1x - 0.99x = 132
0.11x = 132
x = 1200
Therefore, cost price = Rs. 1200