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Profit and Loss Questions

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Suppose, C1, C2, C3, C4, and C5 are five companies. The profits made by Cl, C2, and C3 are in the ratio 9 : 10 : 8 while the profits made by C2, C4, and C5 are in the ratio 18 : 19 : 20. If C5 has made a profit of Rs 19 crore more than C1, then the total profit (in Rs) made by all five companies is


A438 crore

B435 crore

C348 crore

D345 crore

Answer: Option A

Explanation:

C1 : C2 : C3 = 9 : 10 : 8 ... i
C2 : C4 : C5 = 18 : 19 : 20 ... ii
Let's multiply i by 9 and ii by 5
C1 : C2 : C3 = 81 : 90 : 72
C2 : C4 : C5 = 90 : 95 : 100
Therefore, C1 : C2 : C3 : C4 : C5 = 81 : 90 : 72 : 95 : 100
Given,
100x - 81x = 19
x = 1
Hence, total profit = 100 + 95 + 72 + 90 + 81 = 438

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The manufacturer of a table sells it to a wholesale dealer at a profit of 10%. The wholesale dealer sells the table to a retailer at a profit of 30% Finally, the retailer sells it to a customer at a profit of 50%. If the customer pays Rs 4290 for the table, then its manufacturing cost (in Rs) is


A1500

B2000

C2500

D3000

Answer: Option B

Explanation:

Here is no explanation for this answer

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If Fatima sells 60 identical toys at a 40% discount on the printed price, then she makes 20% profit. Ten of these toys are destroyed in fire. While selling the rest, how much discount should be given on the printed price so that she can make the same amount of profit?


A30%

B25%

C24%

D28%

Answer: Option D

Explanation:

Here is no explanation for this answer

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In a market, the price of medium quality mangoes is half that of good mangoes. A shopkeeper buys 80 kg good mangoes and 40 kg medium quality mangoes from the market and then sells all these at a common price which is 10% less than the price at which he bought the good ones. His overall profit is


A6%

B8%

C10%

D12%

Answer: Option B

Explanation:

Here is no explanation for this answer

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If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?


AGive a discount of 5% on retail price.

BGive a discount of 2% on retail price.

CGive a discount of 2% on retail price.

DSell at retail price.

Answer: Option D

Explanation:

Here is no explanation for this answer

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Ravi invests 50% of his monthly savings in fixed deposits. Thirty percent of the rest of his savings is invested in stocks and the rest goes into Ravi's savings bank account. I f the total amount deposited by him in the bank (for savings account and fixed deposits) is Rs 59500, then Ravi's total monthly savings (in Rs) is


A40000

B70000

C80000

DNone of these

Answer: Option B

Explanation:

Here is no explanation for this answer

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The profit earned by selling an article for Rs 900 is double the loss incurred when the same article is sold for Rs 490. At what price should the article be sold to make 25% profit?


A550%

B650%

C750%

DNone of these

Answer: Option C

Explanation:

Lets assume C.P = Rs x
900 – x = 2(x – 450)
3x = 1800
X = Rs 600
C.P = Rs 600, gain required = 25%
S.P = (100 + gain%)*C.P/100
S.P = (100+25)*600/100 = Rs 750

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If a camera is purchased for Rs 490 and sold for Rs 465.50. Find the loss%


A5%

B11%

C7%

D13%

Answer: Option A

Explanation:

C.P = Rs 490
S.P = Rs 465.50
Loss = C.P – S.P = 490 – 465.50 = 24.5
Loss% = (loss * 100)/C.P% = 24.5*100/490% = 245/49% = 5%

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Sunil purchase 20 dozens of toys at the rate of 375 Rs per dozen. He sold each one of them at the rate of Rs 33. What was his percentage profit?


A5.60%

B7.12%

C9%

DNone of these

Answer: Option A

Explanation:

C.P of one toy = Rs 375/12 = 31.25
S.P of one toy = Rs 33
Profit = S.P – C.P = 33 – 31.25 = 1.75
Profit % = (Profit/C.P) x 100
= (1.75/31.25) x 100
Profit % = 5.6%

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A discount dealer professes to sell his goods at cost price but uses a weight of 960 gms for a kg weight. Find his gain %?


A14%

B17%

C23%

DNone of these

Answer: Option D

Explanation:

Gain% = [(error *100) / (true value-error)]%
= [(40 * 100) / (1000 - 40)]% = 25/6%

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