Aptitude :: Profit and Loss

Practice :: Profit and Loss - General Questions
Profit and Loss - General Questions

Page Title 11. Shubham buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?
Rs. 1150
Rs. 1190
Rs. 2000
Rs. 1270
Answer: option B

Sales Price = 85% of Rs. 1400 = Rs.(85/100 x 1400) = Rs.1190



12. The percentage profit earned by selling a cycle for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the cycle be sold to make 25% profit?
Rs. 1200
Rs. 1000
Rs. 2100
Rs. 2000
Answer: option D

Let C.P. be Rs. X.

Then, (1920 - X /X x 100) = (X - 1280 /X x 100)

⟹ 1920 - X = X - 1280

⟹ 2X = 3200

⟹ X = 1600

∵ Required S.P. = 125% of Rs. 1600 = Rs.(125/100 x 1600) = Rs.2000.



13. Vasudev bought 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each of them at the rate of Rs. 33. What was his percentage profit?
5.6%
4%
7%
10%
Answer: option A

Cost Price of 1 toy = Rs.(375/12) = Rs.31.25

Selling Price of 1 toy = Rs. 33

So, Gain = Rs. (33 - 31.25) = Rs. 1.75

∵ Profit % = (1.75/31.25 x 100)% = (28/5)% = 5.6%



14. A shopkeeper expects a profit of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
Rs. 35
Rs. 70.25
Rs. 72
Rs. 50.20
Answer: option C

C.P. = Rs.(100/122.5 x 392) = Rs.(1000/1225 x 392) = Rs. 320

∵ Profit = Rs. (392 - 320) = Rs. 72.




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