Profit and Loss
Profit and Loss - Important Points
| 11. | A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The CP of the article was: |
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A. Rs 100
B. Rs 150
C. Rs 200
D. Rs 250
View Answer Discuss Work SpaceAnswer: option c
Explanation:
Let original Cost price is 100x
Its Selling price = 105x
New Cost price = 95x
New Selling price = 95x*(110/100) with 10% Profit
Given, 105x - 95x*(110/100) = 1
=> 0.5 x = 1
x = 2
Original CP = 100x = 200
| 12. | Two successive discounts of 20% and 15% are equivalent to a single discount of: |
|---|
A. 35%
B. 32%
C. 33.33%
D. 30%
View Answer Discuss Work SpaceAnswer: option b
Explanation:
Please refer Important Points.
| 13. | Three successive discounts of 15 %, 10 % and 8 % are given on an article. Find the single discount equivalent to all these three discounts. |
|---|
A. 29.62 %
B. 33 %
C. 30.62 %
D. 33.33 %
View Answer Discuss Work SpaceAnswer: option a
Explanation:
Please refer Important Points.
| 14. | A man sells two articles at the same price. On one, he makes a profit of 10% and on the other he suffers a loss of 10%. His loss percent on the whole transaction is: |
|---|
A. No profit no loss
B. 1
C. 2
D. 5
View Answer Discuss Work SpaceAnswer: option b
Explanation:
Please refer Important Points.
| 15. | If the cost price of 50 oranges is equal to the selling price of 40 oranges, then the profit per cent is |
|---|
A. 20
B. 33.33
C. 15
D. 25
View Answer Discuss Work SpaceAnswer: option d
Explanation:
Profit and Loss Questions and Answers FAQ
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