Quantitative Questions on Profit & Loss
- (a) 20
- (b) 12
- (c) 10
- (d) 8
- (e) none of these
Let MP = 100, CP = 80
SP = 88
P % = 10%
2. A reduction of 10% in the price of tea enables a dealer to purchase 25 kg more tea for Rs. 22, 500/- what is the reduced price per kg of tea?
- (a) Rs. 70/-
- (b) Rs. 80/-
- (c) Rs. 90/-
- (d) Rs. 100/-
- (e) none of these
25 kg = 2250
1 kg = 90
3. An article is sold at a certain fixed price. By selling it at 2/3 of that price, one losses 10%. The gain percent on selling it at the original Price is:
- (a) 20
- (b) 33.33
- (c) 35
- (d) 40
- (e) none of these
Let CP = 100
2/3 SP = 90
SP = 135
P% = 35%
4. A sells an article to B for Rs. 45, 000/- losing 10% in the transaction. B sells it to C at a price which would have given a profit of 10% to A. By what per cent does B gain?
- (a) 75/2
- (b) 100/3
- (c) 200/9
- (d) 150/7
- (e) none of these
5. A person bought a horse and a carriage for Rs. 20,000. Later, he sold the horse at 20% profit and the carriage at 10% loss. Thus, he gained 2% in the whole transaction. The cost price of the horse was
- (a) Rs. 7, 200/-
- (b) Rs. 7, 500/-
- (c) Rs. 8, 000/-
- (d) Rs. 9, 000/-
- (e) none of these
Let CP of Horse = x
According to questions
X * 20/100 – (20,000 – x) * 10/100 = 20, 000 * 2/100
x = 8,000
6. A merchant has announced 25% rebate on prices of ready- made garments at the time of sale. If a purchase need to have a rebate of Rs. 400/-, then how many shirts, each costing Rs. 320/-, should he purchase?
- (a) 10
- (b) 7
- (c) 6
- (d) 5
- (e) none of these
The cost of rebate of on a shirt = 25/100 * 320 = 80
No of shirts for taking the rebate of Rs. 400
= 400/80 = 5
7. A merchant purchases a wristwatch for Rs. 450/- and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price (in rupees) of the wristwatch is :
- (a) 500
- (b) 600
- (c) 750
- (d) 800
- (e) none of these
MP = 450 * 120/100 * 100/90 = 600
8. A sells an article to B at 15% profit. B sells it to C at 10% loss. If C pays Rs. 517.50/- for it then A purchased it at:
- (a) Rs. 500/-
- (b) Rs. 7,50/-
- (c) Rs. 1,000/-
- (d) Rs. 1, 250/-
- (e) none of these
Let CP of A be x Rs
According to questions
115x/100 * 90/100 = 517.5
x = 500
9. Ram donated 4% of his income to a charity and deposited 10% of the rest in a Bank. If now he has Rs. 8, 640/- left with him, then his income is:
- (a) Rs. 12, 500/-
- (b) Rs. 12, 000/-
- (c) Rs. 10, 500/-
- (d) Rs. 10, 000/-
- (e) none of these
Le income of Ram = x
So, x = 94/100 * 90/100 = 8640
x = 10, 000
10. If the length of a rectangle is increase by 10% and its breadth is decreased by 10%, then its area :
- (a) Decreased by 1%
- (b) Increases by 1%
- (c) Decreases by 2%
- (d) Remains unchanged
- (e) none of these
10 – 10 – (10 * 10)/ 100 = -1