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Profit and Loss Quiz 11

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Profit and Loss Quiz 11

shape Introduction

Profit and Loss is one of important topic in Quantitative Aptitude Section. In Profit and Loss Quiz 11 article candidates can find questions with answer. By solving this questions candidates can improve and maintain, speed, and accuracy in the exams. Profit and Loss Quiz 11 questions are very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS SO, RRB, Railways, Civil Services etc.

shape Q1

Pinkey sold a machine to Shalini at a profit of 30%. Shalini sold this machine to Arun at a loss of 20%. If Pinkey paid Rs.5000 for this machine, then find the cost price of machine for Arun?
    A. 6200 B. 5200 C. 4800 D. 4750

SPLessons

R1 = 30% R2 = 20%
[latex]500 \times \frac {130}{100} \times \frac {80}{100} = Rs. 5200[/latex]

shape Q2

A shopkeeper sold a smartphone for Rs.15000. Had he offered discount of 10% on the Selling Price, he would have earned a profit of 8%. What is the Cost Price of that Smartphone?
    A. 11300 B. 11500 C. 12500 D. 12300

SPLessons

S.P of Smart Phone = Rs.15000
Discount = 10%
New SP = 15000 – 1500 = Rs. 13500
Profit = 8%
CP = 13500 [latex]\times \frac {100}{108}[/latex] = 12500

shape Q3

A TV was purchased for Rs. 54000. Its price was marked up by 40%. It was sold at a discount of 20% on the marked price. What was the profit percent of the cost price?
    A. 10% B. 11% C. 15% D. 12%

SPLessons

40 – 20 + [latex][40 \times \frac {-20}{100}][/latex] = 20 – 8 = 12%

shape Q4

If the Cost Price of 25 articles is equal to the Selling Price of 20 articles, then what is the gain %?
    A. 25% B. 29% C. 50% D. 40%

SPLessons

Gain % = ([latex]\frac {5}{20}[/latex]) x 100 = 25%

shape Q5

A Shopkeeper bought 30 kg of rice at the rate of Rs. 40 per kg. He sold 40% of the total quantity at the rate of Rs. 50 per kg. At what price per kg should he sell the remaining quantity to make 25% overall profit?
    A. Rs.54 B. Rs.50 C. Rs.40 D. Rs.30

SPLessons

Total CP of Rice = 30 x 40 = 1200
40% of Total Quantity = 40% of 30 = 12
SP = 12 x 50 = 600
SP = 1200 x [latex]\frac {125}{100}[/latex] = 1500
SP of Remaining Quantity = 1500 – 600 = 900
Remaining Quantity = 18kg
Rice per Kg = [latex]\frac {900}{18}[/latex] = Rs. 50

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