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Saturday, February 6, 2016

Profit And Loss


1.       Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is:

5

5    
%
11

 
4
A.      4   %                                                                               B.
7


C.     10%                                                                                  D.     12%


Answer & Explanation


Answer: Option B Explanation:
Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.

Selling Price (S.P.) = Rs. 5800.

Gain = (S.P.) - (C.P.) = Rs.(5800 - 5500) = Rs. 300.

300

5

Gain % =              
x 100
= 5   
%
5500
%
11



2.       The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:

A.
15
B.
16

C.

18

D.

25

Answer & Explanation


Answer: Option B Explanation:
Let C.P. of each article be Re. 1 C.P. of x articles = Rs. x.
S.P. of x articles = Rs. 20. Profit = Rs. (20 - x).

 Text Box: 20 - x x 100 = 25 X

2000 - 100x = 25x

125x = 2000

x = 16.



3.       If selling price is doubled, the profit triples. Find the profit percent.



A.
2
66   
3

B.

100


C.

1
105   
3


D.


120

Answer & Explanation


Answer: Option B Explanation:
Let C.P. be Rs. x and S.P. be Rs. y. Then, 3(y - x) = (2y - x)                                         y = 2x.
Profit = Rs. (y - x) = Rs. (2x - x) = Rs. x.

x

Profit % =      
x 100
x
% = 100%



4.

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?


at

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