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

The S.P. of 12 articles is equal to the C.P. of 10 articles. What is the loss percentage?

A
12.13%

B
14.25%

C
16.66%

D
18.37%

Solution

There is a loss of 2 articles for every 12 articles.

Therefore, percentage loss = 2/12 x 100 = 16.66%.
Question 3
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, 65

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 4
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
Question 5
1 / -0

The cost of running a printing machine is Rs. 320 per 1000 copies. The cost of setting is Rs. 2000 up to 5000 copies and after this, the cost of setting is 30 paise per copy. The other costs are 60 paise per copy. 10,000 copies are printed but only 8260 copies at the rate of Rs. 1.75 are sold. What is the sum to be obtained from advertisement to give a profit of 30% on the cost?

A
Rs. 1455

B
Rs. 2095

C
Rs. 2055

D
Rs. 2105

Solution

Total cost = 3200 + (2000 + 1500) + 6000 = 12,700
Selling price = 8260 x 1.75 = 14,455
Total sum (With 30% profit) = 12,700 x 130/100 = 16,510

Net sum to be received from advertisement = 16,510 - 14,455 = Rs. 2055.