Profit and Loss Questions
Choose the correct option.
On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:
Answer: Option D
(C.P. of 17 balls) - (S.P. of 17 balls) = (C.P. of 5 balls)
Choose the correct option.
Two lots of Mango with equal quantity, one costing Rs. 10 per kg and the other costing Rs. 15 per kg, are mixed together and whole lot is sold at Rs. 15 per kg. What is the profit or loss?
Answer: Option C
Cost Price of 1 kg mango @ Rs. 10 per kg
and Cost of 1 kg Mango @ Rs. 15 per kg = 10 + 15 = Rs. 25 (Cost Price for 2 Kg)
Selling Price for 2 kg = 2 x Rs. 15 = Rs. 30
Here CP < SP
So Profit = (Rs. 30 - Rs. 25) = Rs. 5
Formula Used: Profit% = (profit/CP)*100
Profit % = (5/25) * 100% = 20%
Choose the correct option.
The cost price of an article ls 80% of its marked price for sale. How much percent does the trades-man gain after allowing a discount of 12%?
Answer: Option B
C.P. of the article = Rs. 100
So Marked price = (100*100)/80 = Rs. 125
SP after the discount = Rs.(125*88)/100 = Rs. 110
therefore Gain percent = 10
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