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Profit and Loss Questions

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Mark told John "If you give me half your money I will have Rs.75. John said, "If you give me one third of your money, I will have Rs.75/- How much money did John have?


A45

B60

C48

D37.5

Answer: Option B

Explanation:

Let the money with Mark and John are M and J respectively. Now

M + J/2 = 75 M/3 + J = 75

Solving we get M = 45, and J = 60.

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A Grocer bought 24 kg coffee beans at price X per kg. After a while one third of stock got spoiled so he sold the rest for $200 per kg and made a total profit of twice the cost. What must be the price of X?


A33 1/3

B66 2/3

C44 4/9

D50 1/3

Answer: Option C

Explanation:

Cost price= 24*X,
spoiled= 24*1/3=8 kg, now total amount= (24-8)=16 kg
selling price= 16*200 =3200
profit= (3200-24*X)
profit=2* cost , (3200-24*X)= 2*24*X, x=400/9 =44 4/9

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A man decides to buy a nice horse. He pays $60 for it, and he is very content with the strong animal. After a year, the value of the horse has increased to $70 and he decides to sell the horse . But after a few days later he regrets his decision to sell the beautiful horse, and he buys it again. Unfortunately he has to pay $80 to get it back, so he loses $10. After another year of owing the horse, he finally decides to sell the horse for $90. What is the overall profit the man makes?


A$20

B$44

C$54

D$21

Answer: Option A

Explanation:

The total expenses are $60 + $80 = $140
Total earnings are $70 +$90 = $160.
The overall profit = ($160 - $140) = $ 20

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An article is sold at a certain price. By selling it at 2/3 of that price one loses 10%. Find the gain percent at original price.


A15%

B35%

C25%

D50%

Answer: Option B

Explanation:

Let the original S.P be Rs. X.
Then new S.P = Rs. (2/3)X, Loss =10%
So, C.P = Rs. [100/90 * (2/3)X ] = 20X/27.
Now C.P = Rs. 20X/27, S.P =Rs. X.
Gain = Rs. [ X -20X/27 ] =Rs.7X/27.
Hence, Gain % = [ 7X/27 *27/20X *100 ]% = 35%.

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The cost price of a television is rs 2400 which is 20% below the market price if it is sold at a discount of 16% on the market price then find its market price, selling price and profit?


ARs. 3000 Rs. 2520 5%

BRs. 4000 Rs. 3520 6%

CRs. 5000 RS. 6250 7%

DNone of these

Answer: Option A

Explanation:

CP = 2400
Let MP = x
So, MP = x * 80/100 = 2400
MP = x = 3000
SP = 3000 * 16/100 = 480+3000 = 2520
Profit = 2520 - 2400 = 120
Profit% = 120*100/2400 = 5

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The profit on a certain article is 25% had it been brought at 10% discount and sold for 20% more than the earlier cost,the profit would have been rs 600. What is the cp of the article


A6000

B3000

C2000

DNone of these

Answer: Option C

Explanation:

Let the CP be x.
Gain % = 25%
Then, SP = x*125/100
=> SP = 5x/4
If it had been bought at 10% discount, then
CP = x*90/100
CP = 9x/10
Sold at 20% more that the earliest cost ( at CP = x)
Then SP = x*120/100 = 600+(9x/10).
=> 6x/5 = (6000+9x/10).
=> 12x = 6000+9x.
=> 3x = 6000.
=> x = 2000.

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Rama bought goods at a discount of 20% of list price.He marks them at a price as search he can give discount of 20% on a marked price and still makes the profit of 20% on selling price.What percent of list price is the marked price


A100%

B175%

C125%

D180%

Answer: Option C

Explanation:

If marked price is Rs 100/-
Selling price = Rs 80/-
Profit = 80*0.2= Rs 16
CP= Rs 64
List price = 64*100/80 = Rs 80
So, marked price is 100*100/80 = 125%

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Prathik purchased 40 shirts for rs 3000.he spends 10% for transportation. What should be the selling price per shirt to earn profit of 20% ?


A99 Rs/shirt

B190 Rs/shirt

C9 Rs/shirt

DNone of these

Answer: Option A

Explanation:

Total CP = 3000 + 3000*10/100 = 3300
To gain 20% profit
SP = (100+20)*3300/100 = 3960
So, selling price per shirt = 3960/40 = 99 Rs/shirt

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Amit a furniture seller. He plans to sell a table for Rs. 720. If he gains 20%, then what is the cost price of the table?


ARs.575

BRs.600

CRs. 720

DRs. 850

Answer: Option B

Explanation:

Solution: C.P= (100/ (100 PROFIT%))* S.P



C.P= (100/120)*720= 600RS



FOR LOSS C.P= (100/ (100-LOSS%))* S.P

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An article costing Rs.160 is sold at 15% discount on a mark-up price. What is the selling price after discount?


A170

B200

C220

D210

Answer: Option A

Explanation:

Here is no explanation for this answer

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