Profit and Loss Test

Result

Profit and Loss Test - 7

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Weekly Quiz Competition

Question 1
1 / -0

What is the S.P. of a dozen of roses, if the C.P. of each rose is Rs. 1.20 and the profit on selling 30 roses is Rs. 5.40?

A
Rs. 16.43

B
Rs. 16.76

C
Rs. 16.46

D
Rs. 16.56

Solution

C.P. of 1 rose = Rs. 1.20. Profit on selling 30 roses = Rs. 5.40. Then, profit on selling 1 Rose = 5.40 / 30 = Rs. 0.18. S.P. of 1 Rose = 1.20 + 0.18 = Rs. 1.38. S.P. of 1 dozen roses = 1.38 x 12 = Rs 16.56
Question 2
1 / -0

Ravi purchased a Book for Rs. 300 and sold it to Ramesh at a gain of 25%. Ramesh sold it to Rajendra at a loss of 10%. For how much did Rajendra buy it?

A
Rs. 327.50

B
Rs. 337.50

C
Rs. 336.50

D
Rs. 337.40

Solution

C.P. of Ravi = Rs. 300. Gain % = 25%. S.P. of Ravi = {(100 + 25) / 100} x 300 = Rs. 375 = C.P. of Ramesh. S.P. of Ramesh = {(100-10) / 100} x 375 = Rs. 337.50 = C.P. of Rajendra. Therefore, Rajendra purchased the book for Rs. 337.50.
Question 3
1 / -0

By selling an article for Rs. 600, a man gains 20% on the C.P. At what % should he sell it to gain 30%?

A
Rs. 650

B
Rs. 750

C
Rs. 600

D
Rs. 700

Solution

C.P. = (100 x 600) / 120 = Rs. 500S.P. = 500 + (30/100) x 500 = 500 + 150 = Rs. 650
Question 4
1 / -0

A watch is sold for Rs. 350. If sales tax accounts for one-tenth of this and profit is one-fifth of the remainder, find the C.P. of the watch.

A
Rs. 257

B
Rs. 272

C
Rs. 252

D
Rs. 262

Solution

S.P. of watch = Rs. 350. Sales tax = Rs. 35 (one-tenth of 350). Thus, Profit = one-fifth of Rs. 315 = Rs. 63. Let C.P. = x. So, C.P. + Profit + Sales tax = S.P.X + 63 + 35 = 350X = 350 - 98 = 252. Therefore, C.P. = Rs. 252
Question 5
1 / -0

On selling a tape recorder for Rs. 3600, Suresh loses 10%. Calculate his loss or gain % if he sells it for Rs. 4225.

A
45/6%

B
42/8%

C
55/8%

D
45/8%

Solution

S.P. = Rs. 3600. Let, C.P. be 'x'. S.P. = C.P. - Loss. 3600 = 9x/10x = Rs. 4000. Therefore, C.P. = Rs. 4,000. New S.P. = Rs. 4,225. Profit = 4225 - 4000 = Rs. 225P% = (P/ C.P.) x 100 = 45/8%