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Profit & Loss Part 1

 



15. When an article is sold for 480, there is a loss of \( 16\frac{2}{3}\%\). To gain \( 8\frac{1}{3}\%\) it should be sold for:  

   (a) 620  

   (b) 624  

   (c) 605  

   (d) 750  

   Answer: (b) 624  


19. An article is sold for 2070 at a profit of 15%. If the article is sold for 1890, then what will be gain or loss percent?  

   (a) 10% gain  

   (b) 10% loss  

   (c) 5% gain  

   (d) 5% loss  

   Answer: (c) 5% gain  


23. The difference in selling prices of an article when sold at 15% profit and 17% loss is 96. If it is sold at 10% profit, then what is the selling price?  

   (a) 345  

   (b) 360  

   (c) 315  

   (d) 330  

   Answer: (d) 330  


25. An article is sold at a profit of \(13\frac{1}{4}\%\). Had it been sold for Rs 76.70 more, the profit would have been \( 16\frac{1}{5}\%\). 50% of the cost price of the article (in Rs) is:  

   (a) 1250  

   (b) 2500  

   (c) 1300  

   (d) 1500  

   Answer: (c) 1300  


27. When an article is sold for Rs 768, the profit percentage is x%. When the same article is sold for Rs 896, the profit percentage is (x+20)%. What is the value of x?  

   (a) 20  

   (b) 15  

   (c) 25  

   (d) 30  

   Answer: (a) 20  


30. If the selling price of 7 articles is equal to the cost price of 8 articles, then what is the profit percentage (correct to one decimal place)?  

   (a) 13.9%  

   (b) 14.3%  

   (c) 15.4%  

   (d) 11.7%  

   Answer: (b) 14.3%  


35. By selling two articles for 800, a person gains the cost price of 5 articles. The profit percent is:  

   (a) 250  

   (b) 140  

   (c) 120  

   (d) 125  

   Answer: (a) 250  


39. On selling an article for 800, a person loses 20% of its selling price. At what price should he sell it to gain 25% on its cost price?  

   (a) 1,280  

   (b) 1,152  

   (c) 1,250  

   (d) 1,200  

   Answer: (d) 1,200


40. By selling an article for Rs. 640, a person loses 15% of its selling price. At what price (in Rs.) should he sell it to gain 15% on its cost price?  

   (a) 835  

   (b) 832  

   (c) 836.60  

   (d) 846.40  

   Answer: (d) 846.40  


41. There are 2 friends Neeraj and Deepak. Neeraj calculates his profit % on SP whereas Deepak calculates his profit % on CP. If both claim to make 20% profit and the difference between their actual profit is 100 and the SP of both is same. Find their SP.  

   (a) 2500  

   (b) 3000  

   (c) 2000  

   (d) None of these  

   Answer: (b) 3000  


45. A lady sold an article for Rs 960 at some profit. Had she sold it for Rs 800, then there would have been a loss equal to \( \frac{1}{3} \) of the initial profit. What was the profit percentage of the article?  

   (a) \( \frac{150}{7}\% \)  

   (b) \( \frac{50}{7}\% \)  

   (c) \( \frac{10}{7}\% \)  

   (d) \( \frac{100}{7}\% \)  

   Answer: (d) \( \frac{100}{7}\% \)  


48. On selling an article for 246.80, the gain is 20% more than the amount of loss incurred on selling it for 216. If the article is sold for 220.75, then what is the gain/loss percent (correct to nearest integer)?  

   (a) Profit 7%  

   (b) Loss 4%  

   (c) Profit 3%  

   (d) Loss 5%  

   Answer: (b) Loss 4%



51. A trader bought some oranges at 7 for Rs 11. He sold all at 2 for Rs 3. Thereby he loses Rs 30. Find number of oranges sold.  

   (a) 420  

   (b) 400  

   (c) 210  

   (d) 280  

   Answer: (a) 420  


52. A trader bought some oranges at 4 for Rs 5 and sold all at 5 for Rs 7. Thereby he gains Rs 18. Find the number of oranges sold.  

   (a) 120  

   (b) 200  

   (c) 110  

   (d) 280  

   Answer: (a) 120  


53. A trader bought some apples at 15 for 8 and sold all at X for 2. Thereby he gains 25%. Find the value of X?  

   (a) 2  

   (b) 3  

   (c) 4  

   (d) 5  

   Answer: (b) 3  


57. A shopkeeper buys 60 oranges at 10 for Rs 72, and an equal number at 12 for Rs 90. He spends Rs 118 on the transaction and sells all the oranges that he buys. If there is a profit of 26% in the entire transaction, then what is the selling price of 32 oranges?  

   (a) Rs 336  

   (b) Rs 313.60  

   (c) Rs 316.80  

   (d) Rs 320  

   Answer: (a) Rs 336  


58. Amita buys 100 apples at the rate of 12 for Rs 100.80 and 200 apples at the rate of 15 for Rs 117. It was found that 10% of the apples were spoilt. She sold all the apples at 20 for Rs 204. Her profit percentage in the entire transaction is:  

   (a) 15.25%  

   (b) 14.25%  

   (c) 14.75%  

   (d) 15.5%  

   Answer: (c) 14.75%  


59. A man buys some oranges at the rate of 5 for Rs 1 and same number of oranges at 4 for Rs 1. He sells all of them at 9 for Rs 2. During the whole transaction he incurs a loss of Rs 30. Find the number of oranges that he purchases?  

   (a) 11080  

   (b) 11000  

   (c) 10800  

   (d) 7200  

   Answer: (c) 10800  


64. A person bought some articles. He sold \(\frac{1}{3}\) articles at profit of 14%, \(\frac{3}{5}\) articles at profit of 17.5% and rest at profit of 20%. Find his total profit%.  

   (a) 15.5%  

   (b) 16.5%  

   (c) 17.5%  

   (d) 18.5%  

   Answer: (b) 16.5%  



65. A dealer bought some toys for ₹1800. He sold 40% of these at a loss of 15% and \(33\frac{1}{3}\%\) of the remaining toys at 20% profit. At what percent profit should he sell the remaining toys to earn an overall profit of 10%?  

   (a) 30%  

   (b) 20%  

   (c) 25%  

   (d) 24%  

   Answer: (a) 30%  


66. Two-thirds of a consignment was sold at a profit of 5% and the remaining at a loss of 2%. If the total profit was ₹400, then the value of consignment was  

   (a) ₹15000  

   (b) ₹15500  

   (c) ₹16000  

   (d) ₹16500  

   Answer: (a) ₹15000

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