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Profit & Loss Test 2

1. A person buys a bicycle for Rs. 3500 for how much should he sell it to get gain 12%?

A. 3620

B. 3720

C. 3820

D. 3920

E. 3490

Solutions


2. A man buys a cycle for Rs.1,400 and sells it at a loss of 15%. What is the selling price of the cycle?

A. Rs.1,202

B. Rs.1,190

C. Rs.1,160

D. Rs.1,000

E. Rs.1,400

Solutions


3. On selling 17 balls at Rs.720 there is a loss equal to the cost price of 5 balls. The cost price of a ball is?

A. Rs.45

B. Rs.50

C. Rs.60

D. Rs.55

E. Rs.65

Solutions

Let the cost price of one ball = x

⇒ C.P of 5 balls = 5x

& C.P of 17 balls = 17x

Given,

S.P = 720 (17 balls)

& loss = C.P of 5 balls

⇒17x – 720 = 5x

⇒12x = 720

⇒ x = 60 Rs.


4. If the cost price of 10 articles is equal to the selling price of 8 articles, then gain per cent is-

A. 10%

B. 8%

C. 50%

D. 25%

E. 15%

Solutions


5. Ashok sold a commodity for Rs.450 at the   loss of 10%. At what price did he pur-chase it.

A. Rs.495

B. Rs.500

C. Rs.405

D. Rs.480

E. None of these

Solutions

(100 × 450)/90= 500


6. A sells an article to B at 20% profit and B sells to C giving a discount of 20%. If A had sold it direct to C at the same price paid by C, then the gain or loss percent of A is?

A. 4% gain.

B. No loss, no gain.

C. 40% gain.

D. 4% loss.

E. None of these.

Solutions


7. A company blends two varieties of tea from two different tea gardens, one variety costing Rs.20 per kg and other Rs.25 per kg in the ratio 5 : 4. He sells the blended tea at Rs.23 per kg. Find his profit percent.

A. 5% profit.

B. 5% loss.

C. 3.5% profit.

D. No profit, no loss.

E. None of these.

Solutions


8.If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is?

A. 25%

B.

C. 50%

D.

E. 30%

Solutions

Let C.P. of each pen be 1. Then C.P. of 8 pens = 8; S.P. of 8 pens = 12

Gain % = (4/8∗100)% = 50%.


9.A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs.800, then the cost price of the article is?

A. Rs.900

B. Rs.800

C. Rs.700

D. Rs.600

E. Rs.500

Solutions


10. An article is sold at a loss of 10%. Had it been sold for Rs.90 more, there would have been a gain of 5%. The original sale price of the article (in Rs.) is?

A. 540

B. 600

C. 628

D. 650

E. 680

Solutions


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