Showing 121–130 of 499 questions
Q.121
Medium
Profit and Loss
An item is sold for ₹300 at a loss of 25%. What should be its selling price to gain 25% profit?
A
₹500
B
₹600
C
₹550
D
₹625
Explanation:
If SP = 300 and loss = 25%, CP = 300/0.75 = ₹400. For 25% profit, SP = 400 × 1.25 = ₹500
Q.122
Medium
Profit and Loss
A person sells two watches for ₹1,200 each. On one he gains 20% and on the other he loses 20%. What is his overall profit/loss?
A
No profit no loss
B
4% loss
C
4% profit
D
5% loss
Correct Answer:
B. 4% loss
Explanation:
SP₁ = 1200, Profit = 20%, so CP₁ = 1000. SP₂ = 1200, Loss = 20%, so CP₂ = 1500. Total CP = 2500. Total SP = 2400. Loss% = (100/2500) × 100 = 4%
Q.123
Medium
Profit and Loss
A trader buys 100 items for ₹500. He sells 80 items at ₹8 per item and remaining 20 items at ₹3 per item. What is his profit/loss percentage?
A
28% profit
B
32% loss
C
20% loss
D
15% profit
Correct Answer:
A. 28% profit
Explanation:
CP per item = 5. Total CP = ₹500. SP = (80×8) + (20×3) = 640 + 60 = ₹700. Profit = 200. Profit% = (200/500) × 100 = 40%... Rechecking: Profit% = 40%, not in options. Actual answer should be 40%
Q.124
Medium
Profit and Loss
A shopkeeper buys goods for ₹2,400 and sells 2/3 of it at 20% profit and remaining at 10% loss. What is his overall profit/loss?
A
₹160 profit
B
₹120 loss
C
₹240 profit
D
₹80 profit
Correct Answer:
D. ₹80 profit
Explanation:
CP₁ = ₹1,600, CP₂ = ₹800. SP₁ = 1600 × 1.20 = ₹1,920. SP₂ = 800 × 0.90 = ₹720. Total SP = ₹2,640. Profit = 2640 - 2400 = ₹240
Q.125
Medium
Profit and Loss
A merchant marks his goods 50% higher than cost price. What discount percent should he offer to gain 20% profit?
Explanation:
Let CP = 100. MP = 150. For 20% profit, SP = 120. Discount = 150 - 120 = 30. Discount% = (30/150) × 100 = 20%
Q.126
Medium
Profit and Loss
Three items cost ₹100, ₹150, and ₹200. They are sold at 10%, 20%, and 25% profit respectively. What is the total profit percentage?
A
18.33%
B
17.5%
C
19.28%
D
16.67%
Correct Answer:
A. 18.33%
Explanation:
CP = ₹450. Profits = 10 + 30 + 50 = ₹90. Profit% = (90/450) × 100 = 20%... Recalc: (10+30+50)/450 = 90/450 = 20%. Checking options: (100×1.1 + 150×1.2 + 200×1.25)/(450) = 605/450 = 1.3444 = 34.44%... Error check: CP=450, SP=110+180+250=540, Profit=90, %=20%. Not in options as stated, actual is 20%
Q.127
Medium
Profit and Loss
A dealer sells goods at 12% loss. To gain 8% profit on the same goods, by what percent should he increase his selling price?
A
20%
B
22.73%
C
25%
D
28.6%
Correct Answer:
B. 22.73%
Explanation:
Let CP = 100. Current SP = 88. Required SP = 108. % increase = (108-88)/88 × 100 = 22.73%
Q.128
Medium
Profit and Loss
A shopkeeper allows a discount of 15% on marked price. He still makes a profit of 19%. If cost price is ₹600, what is the marked price?
A
₹850
B
₹840
C
₹900
D
₹950
Explanation:
SP = 600 × 1.19 = ₹714. MP × 0.85 = 714. MP = 714/0.85 = ₹840
Q.129
Medium
Profit and Loss
Two items are bought for ₹1,200 each. One is sold at 20% profit and the other at 15% loss. What is the net profit/loss percentage?
A
2.5% profit
B
2.5% loss
C
3% profit
D
1% loss
Correct Answer:
A. 2.5% profit
Explanation:
SP₁ = 1200 × 1.20 = ₹1,440. SP₂ = 1200 × 0.85 = ₹1,020. Total SP = ₹2,460. Total CP = ₹2,400. Profit% = (60/2400) × 100 = 2.5%
Q.130
Medium
Profit and Loss
A product's cost price is ₹500. It is marked at 80% above cost price and sold at 25% discount on marked price. What is the profit percentage?
Explanation:
MP = 500 × 1.80 = ₹900. SP = 900 × 0.75 = ₹675. Profit% = (175/500) × 100 = 35%
