Quants Questions : Profit and Loss Set 7

Hello Aspirants. Welcome to Online Quantitative Aptitude section in AffairsCloud.com. Here we are creating question sample in Profit and loss , which is common for all the competitive exams. We have included Some questions that are repeatedly asked in exams!!!

1. A Shopkeeper blends 2 varieties of tea,  one CP is Rs.50 and another one CP is Rs.100 per kg. They were mixed in the ratio 7:2, if he sold the mixed variety at Rs.100 pkg, how much was his profit percentage ?
   A)63.54%
   B)63.63%
   C)63.36%
   D)66.36%
   
   Answer

   B)63.63%
   Explanation :
   7*50 + 2*100 = 350+200 = 550
   7+2 = 9
   9*100 = 900
   [900-550/550]*100 = 63.63%
   
   
   
2. A boy bought 2 items for Rs.7500. One item he sells at a profit of 16% and other item at 14% loss. In this the boy makes neither any profit nor any loss. What is the difference between SP of 2 items.
   A)602
   B)610
   C)600
   D)620
   
   Answer

   D)620
   Explanation :
   116X/100 + (7500-x)86/100 = 7500
   116x-86x-645000 = 750000
   X = 3500, 7500 – 3500 = 4000
   (3500*116)/100 – (4000*86)/100 = 620
   
   
   
3. The CP of Desk is Rs.2000. A Salesman wants to make 15% profit by selling it. At the time of sale he declares a discount of 10% on MP. The Marked price is ?
   A)2552
   B)2554
   C)2556
   D)2550
   
   Answer

   C)2556
   Explanation :
   90x/100 = 2000*(115/100)
   X = 2000*115/90 = 2555.5 = 2556
   
   
   
4. A man sell an item with a discount of 15% to his customers and still gains 10%. Find the MP of an item which cost Rs.320
   A)414
   B)441
   C)411
   D)141
   
   Answer

   A)414
   Explanation :
   X*85/100 = 320*110/100
   X = 320*110/85 = 414.12
   
   
   
5. A shopkeeper sells his goods at 10% profit. If he sells it at 20% profit, he get Rs.120 more.Find the CP
   A)1000
   B)1020
   C)1100
   D)1200
   
   Answer

   D)1200
   Explanation :120*100/10 = 1200
   
   
   
6. A man sells 2 books for Rs.450 each at no profit no loss on the whole business. If he earned 20% profit on the 1^st item then the loss on the 2^nd item will be
   A)12.48%
   B)14.28%
   C)12.24%
   D)14.28%
   
   Answer

   D)14.82%
   Explanation :
   SP of 2 items = 450+450 = 900
   CP of 1^st item = 450*100/120 =375
   CP of 2^nd item =  900 – 375 = 525
   Loss = CP – SP= 525 – 450 = 75
   % loss = 75*100/525 = 14.28%
   
   
7. Arun bought a bag with 20% discount on the SP. If the watch cost him Rs.1400, What is the Original SP of the bag ?
   A)1750
   B)1740
   C)1650
   D)1570
   
   Answer

   A)1750
   Explanation :X = 1400*100/80 = 1750
   
   
   
8. A lady sales saree, she charges 18% more than the CP. If a customer paid Rs.3560. Then what was the CP of that saree
   A)3016
   B)3017
   C)3071
   D)3072
   
   Answer

   B)3017
   Explanation :100*3560/118 = 3017
   
   
   
9. A Shopkeeper professes to sell his articles on CP but he uses false weight of 900gm for 1kg. His gain % is
   A)12.22%
   B)11.01%
   C)11.11%
   D)12.11%
   
   Answer

   C)11.11%
   Explanation :(100/900)*100 = 11.11%
   
   
   
10. A dealer makes his goods 25% above CP and then while selling gives a discount of 12% on MP. Find his profit %
    A)10%
    B)15%
    C)12%
    D)11%
    
    Answer

    A)10%
    Explanation :
    Let CP = 100
    MP = 125
    Profit  = 125*88/100 = 110
    110 – 100 = 10%