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Territorial Army Profit & Loss Test 519
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Territorial Army Profit & Loss Test 519

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  • Question 1/5
    1 / -0.33
    A person bought two articles X and Y from a departmental store. The sum of prices before sales tax was Rs. 130. There was no sales tax on the article X and 9% sales tax on the article Y. The total amount the person paid, including the sales tax was Rs. 136.75. What was the price of the article Y before sales tax?
    Solutions
    Let the price of article X and Y be x and y respectively
    Price of articles before sales tax= Rs. 130
    Price of article after sales tax = Rs. 136.75
    Difference in prices = sales tax on article Y
    136.75 – 130 = 9% of y
    6.75 = y* 9/100
    y = 6.75*100/9 = Rs. 75
  • Question 2/5
    1 / -0.33
    A milk vendor bought 28 litres of milk at the rate of Rs 8.50 per litre. After adding some water he sold the mixture at the same price. If his gain is 12.5%, how much water did he add?
    Solutions
    Let the water added be litre
    Cost price
    New Volume
    Selling price

    Profit
    Profit %


  • Question 3/5
    1 / -0.33
    A shopkeeper sells some goods at Rs. 600 and gain something. If he had sold the same goods at Rs. 300 he would have lost double the former gain. At what price he had purchased the goods himself?
    Solutions
    Let C.P = Rs.
    Then,


  • Question 4/5
    1 / -0.33
    When an article is sold at 20% discount, the selling price is Rs. 24. What will be the selling price when the discount is 30%?
    Solutions
    20% discount implies Selling price will be 80% of MRP which is equal to Rs.24
    MP = Rs.30
    When discount is 30% selling price = Rs.21
  • Question 5/5
    1 / -0.33
    A person bought 8 quintal of rice for certain rupees. After a week, he sold 3 quintal of rice at 10% profit, 3 quintal of rice with neither profit nor loss and 2 quintal at 5% loss. In this transaction what is the profit?
    Solutions
    Let The CP of 8 quintal of rice be Rs. x per quintal
    Total CP=8x
    Total SP=3x(100+10)/100 + 3x + 2x(100-5)/100 = 8x + 2x/10
    Required profit percentage = 2x/10 × 100/8x = 2.5%
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