Profit And Loss

When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?

A:

Rs. 21,000

B:

Rs. 22,500

C:

Rs. 25,300

D:

Rs. 25,800

Answer: C

85 : 18700 = 115 : x

x =		18700 x 115		= 25300.
		85

Hence, S.P. = Rs. 25,300.

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On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:

A:

Rs. 45

B:

Rs. 50

C:

Rs. 55

D:

Rs. 60

Answer: D

(C.P. of 17 balls) - (S.P. of 17 balls) = (C.P. of 5 balls)

C.P. of 12 balls = S.P. of 17 balls = Rs.720.

C.P. of 1 ball = Rs.		720		= Rs. 60.
		12

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Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:

A:

30%

B:

33	1	%
	3

C:

35%

D:

44%

Answer: D

Suppose, number of articles bought = L.C.M. of 6 and 5 = 30.

C.P. of 30 articles = Rs.		5	x 30		= Rs. 25.
		6

S.P. of 30 articles = Rs.		6	x 30		= Rs. 36.
		5

Gain % =		11	x 100	% = 44%.
		25

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Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?

A:

3.5

B:

4.5

C:

5.6

D:

6.5

Answer: C

Cost Price of 1 toy = Rs.		375		= Rs. 31.25
		12

Selling Price of 1 toy = Rs. 33

So, Gain = Rs. (33 - 31.25) = Rs. 1.75

Profit % =		1.75	x 100	%	=	28	% = 5.6%
		31.25				5

Video Explanation: https://youtu.be/MhswuvDVWzo

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A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

A:

Rs. 1090

B:

Rs. 1160

C:

Rs. 1190

D:

Rs. 1202

Answer: C

S.P. = 85% of Rs. 1400 = Rs.		85	x 1400		= Rs. 1190
		100

Video Explanation: https://youtu.be/jn0XIafQvAc

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Questions for: Profit And Loss