Profit and Loss
Profit and Loss - Important Points
| 16. | A man bought some toys at the rate of 10 for Rs. 40 and sold them at 8 for Rs. 36. Find his gain or loss percent. |
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A. 10% profit
B. 12% loss
C. 12.5% profit
D. 12.5% loss
View Answer Discuss Work SpaceAnswer: option d
Explanation:
Please refer Important Points.
| 17. | By selling an article at 80% of its marked price, a merchant makes a loss of 12%. What will be the percent profit made by the merchant if he sells the article at 95% of its marked price? |
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A. 5%
B. 4%
C. 5.5%
D. 4.5%
View Answer Discuss Work SpaceAnswer: option d
Explanation:
Please refer Important Points.
| 18. | What is the maximum percentage discount that a merchant can offer on her marked Price so that she ends up selling at no profit or loss, if she had initially marked her goods up by 50%? |
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A. 50%
B. 20%
C. 25%
D. 33.33%
View Answer Discuss Work SpaceAnswer: option d
Explanation:
Please refer Important Points.
| 19. | By selling an article at 2/5 of the marked price, there is a loss of 25 % , The ratio of the marked price and the cost price of the article is: |
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A. 2 : 5
B. 8 : 15
C. 15 : 8
D. 5 : 2
View Answer Discuss Work SpaceAnswer: option c
Explanation:
Please refer Important Points.
| 20. | A dishonest merchant sells his grocery using weights 10% less than the true weights and claims a profit of 20%. Find his actual gain percentage. |
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A. 33.33%
B. 30%
C. 40%
D. 50%
View Answer Discuss Work SpaceAnswer: option a
Explanation:
Please refer Important Points
Profit and Loss Questions and Answers FAQ
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