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Profit & Loss Test 204
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Profit & Loss Test 204

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  • Question 1/5
    1 / -0.25
    A shopkeeper purchased 60 dozen glass vessels for Rs. 3350 out of which 50 broke during transportation. Find the price at which should he sell a dozen of glass vessels so as to make a profit of 10%.
    Solutions
    Number of vessel bought = 60 × 12 = 720
    Number of vessel broken = 50
    Number of vessel which can be sold = 720 – 50 = 670
    Cost of 1 vessel = 3350/670 = Rs. 5
    Now to make a profit of 10%, selling price of 1 vessel = 5 + 10% of 5 = 5.5
    Selling price of 12 vessels  = 12 × 5.5 = Rs. 66
  • Question 2/5
    1 / -0.25
    Himani purchased a TV of Rs. 66000 and sold it at a loss of 25%. With that amount she purchased a Laptop and sold it at a profit of 40%. What was her overall gain/loss percent ?
    Solutions

    Cost price of TV = Rs. 66000

    Selling price of TV = 66000 × 0.75

    = Rs. 49500

    Cost price of Laptop = Rs. 49500

    Selling price of laptop = 49500 × 1.40

    = Rs. 69300

    Profit percent =  × 100

    =  × 100

    = 5%

  • Question 3/5
    1 / -0.25
    When Amit reduces the selling price of an article from Rs 3540 to Rs 3378, his profit decreases by 15 percentage points. What is the cost price of article?
    Solutions

    Let the cost price be Rs. x

    15% of x = 3540 – 3378

    CP =  = Rs. 1080

  • Question 4/5
    1 / -0.25
    A person bought 300 books at a rate of Rs. 400 per book. In order to gain the profit of 12 % he marked up the book 25% than cost price. Find the discount percent he offered.
    Solutions

    Cost price of 300 books = 300 × 400 = Rs. 120000

    Selling price =  × 120000

    Selling price = Rs.135000

    Marked price = 400 × 1.25

    = Rs. 500

    Let the discount be Rs. X%

    A.T.Q,

    150000 × (100 – X) ÷ 100 = 135000

    X = 10%

  • Question 5/5
    1 / -0.25
    The profit earned by selling an article for Rs.2,579 is 6/7th of the loss incurred by selling the article for Rs.1,487. If the article is sold at a profit of 36%, then what will be the selling price of the article?
    Solutions

    Let the cost price of the article be Rs.x, then

     Required selling price = = Rs.2,822.

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