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Profit and Loss
Profit and Loss
A merchant sold an article at 10% loss. If he had sold it Rs 450 more, 8% would have
A. Rs 1200
B. Rs 1800
C. Rs 1500
D. Rs 2500
Correct Op: D
Let the cost price be 100%. It is sold at 10% loss. So it is sold at 90% of the cost price.
90 % of the cost price + 450 = 108% of the Cost price 18% of the cost price = Rs 450
Question 2
The profit obtained by selling an article for Rs 480 is twice the loss obtained by selling
A. Rs 400
B. Rs 420
C. Rs 360
D. Rs 350
Correct Op: C
Here profit is the twice the loss Profit = 2 Loss SP –CP = 2 (CP – SP) 480 –CP = 2(CP
Question 3
On selling an article for Rs 1020, a merchant loses 15%. For how much price should he
B. Rs 1400
C. Rs 1200
D. Rs 1500
Correct Op: A
Question 4
A. Rs 300
B. Rs 350
C. Rs 400
D. Rs 450
Correct Op: A
Question 5
A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have
A. Rs.1000
B. Rs.1140
C. Rs.860
D. Rs.760
Correct Op: A
Question 6
A trader bought a car at 20% discount on its original price. He sold it at a 40% increase
on the price he bought it. What percent of profit did he make on the original price?
A. 10%
B. 11%
C. 12%
D. 15%
Correct Op: C
Question 7
A dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by
Correct Op: B
If the cost price is Rs.100, then to get a profit of 20%, the selling price should be
Rs.120. If 120kg are to be sold, and the dealer gives only 100kg, to get a profit of 20%.
How many grams he has to give instead of one kilogram(1000 gm). 120 gm —— 100
Question 8
The C.P of 15 books is equal to the S.P of 18 books. Find his gain% or loss%?
A. 16 2/3% loss
B. 100/3% loss
C. 50/3% profit
D. 100/3% loss
Correct Op: A
Question 9
The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit
percent?
A. 15 5/15%
B. 18 2/11%
C. 16 2/3%
D. 30%
Correct Op: B
Question 10
A reduction of 20% in the price of salt enables a lady to obtain 10kgs more for Rs.100,
A. 2 3/2
B. 2 2/3
C. 2.5
D. 3
Correct Op: C
Question 1
Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find
the time?
A. 4 years
B. 6 years
C. 2 years
D. 3 years
Correct Op: D
Question 2
A sum of money place at compound interest doubles itself in 4 years. In how many
A. 16
B. 8
C. 12
D. 20
Correct Op: C
Question 3
A property decreases in value every year at the rate of 6 1/4% of its value at the
beginning of the year its value at the end of 3 years was Rs.21093. Find its value at the
A. Rs.25600.24
B. Rs.32000.50
C. Rs.18060.36
D. Rs.18600
Correct Op: A
6 1/4% = 1/16 x *15/16 * 15/16 * 15/16 = 21093 x = 25600.2
Question 4
A certain sum of money amounts to Rs.1300 in 2 years and to Rs. 1525 in 3.5 years.
A. Rs850, 10%
B. Rs900, 12%
C. Rs800, 13%
D. Rs1000,15%
Correct Op: D
1525-1300= 225 for 1.5 yrs (3.5-2) so for one yr 225/1.5= 150 then for 2 yrs interest is
Question 5
The ratio of the amount for two years under compound interest annually and for one
year under simple interest is 6:5. When the rate of interest is same, then the value of
A. 20%
B. 15%
C. 18%
D. 22%
Correct Op: A
Question 6
If the simple interest on a certain sum of money is 4/25 of the sum and the rate percent
equals the number years, then the rate of interest per annum is:
A. 4%
B. 5%
C. 8%
D. 10%
Correct Op: A
Let the principal be Rs x. Then the SI =4/25x Rate of interest = Time r= (100*4/25x)/ x*r
r2 =400/25 r=20/5=4%
Question 7
Find the compound interest on Rs. 20,000 in 2 years at 4 % per annum, the interest
A. Rs 1648.64
B. Rs. 1596.32
C. Rs. 14826.56
D. Rs. 11563.99
Correct Op: A
Question 8
A certain sum amounts to Rs. 7000 in 2 years and to Rs. 8000 in 3 years. Find the sum.
A. Rs. 6959.37
B. Rs. 6459.37
C. Rs. 5359.37
D. Rs. 5759.37
Correct Op: C
Question 9
Rs.5887 is divided between Shyam and Ram, such that Shyam’s share at the end of 9
years is equal to Ram’s share at the end of 11 years, compounded annually at the rate
A. 2088
B. 2000
C. 3087
D. None of these
Correct Op: C
Question 10
Vijay invested Rs.50,000 partly at 10% and partly at 15%. His total income after a year
A. Rs.40,000
B. Rs.40,000
C. Rs.12,000
D. Rs.20,000
Correct Op: B