Aptitude :: Profit and Loss

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

Page Title 6. A seller mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:
10%
7%
5%
15%
Answer: option C

Cost Price of 56 kg rice = Rs. (26 x 20 + 30 x 36) = Rs. (520 + 1080) = Rs. 1600.

Sales Price of 56 kg rice = Rs. (56 x 30) = Rs. 1680.

∵ Gain = (80/1600 x 100)% = 5%



7. A shopkeeper sells one radio for Rs. 840 at a profit of 20% and another for Rs. 960 at a loss of 4%. His total profit or loss percentage is:
10% loss
25% profit
5(15/17)% loss
5(15/17)% profit
Answer: option D

Cost Price of first Radio = Rs.(100/120 x 840) = Rs.700

Cost Price of second Radio = Rs.(100/96 x 960) = Rs.1000

∵ Then, total Cost Price = Rs. (700 + 1000) = Rs. 1700.

⟹ Total Sales Price = Rs. (840 + 960) = Rs. 1800.

∵ profit % = (100/1700 x 100)% = 5(15/17)%



8. 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:
Rs.57
Rs. 60
Rs.42
Rs.70
Answer: option B

therefore, (C.P. of 17 balls) - (S.P. of 17 balls) = (C.P. of 5 balls)

⟹ C.P. of 12 balls = S.P. of 17 balls = Rs.720.

⟹ C.P. of 1 ball = Rs. (720/12) = Rs.60



9. 100 oranges are purchased at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:
14(2/7)% gain
14(2/7)% loss
10% loss
15% gain
Answer: option A

C.P. of 1 orange = Rs. (350/100) = Rs.3.50

S.P. of 1 orange = Rs. (48/12) = Rs.4

∵ Gain% = (0.50/3.50 x 100)% = (100/7)% = 14(2/7)%



10. When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?
Rs. 20,300
Rs. 25,000
Rs. 25,300
Rs. 27,300
Answer: option C

85 : 18700 = 115 : X

⟹ X = (18700 x 115/85) = 25300

∵ Hence, S.P. = Rs. 25,300.




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