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Profit And Loss Test - 2

  • Remaining Timing :-

(1). A man sells his typewriter at 5% loss. If he sells it for Rs. 80 more, he will gain 5%. The cost price of the typewriter is

  • (a). Rs. 1,000
  • (b). Rs. 1,600
  • (c). Rs. 1,200
  • (d). Rs. 800
  • (e). None of these
Answer : Rs. 800

Explanation:

(2). A dealer marks his goods 25% above cost price and then while selling gives a discount of 20% on M.P. what is his percentage of profit?

  • (a). Nil
  • (b). 2
  • (c). 6
  • (d). 5
  • (e). None of these
Answer : Nil

Explanation:

(3). A dealer marks his goods 25% above cost price and then while selling gives a discount of 10% on M.P. what is his percentage of profit?

  • (a). 7
  • (b). 12.5
  • (c). 6
  • (d). 15
  • (e). None of these
Answer : 12.5

Explanation:

(4). It is possible to give successive discounts of 80%, 20%, and 5%? If yes means what percentage of single discount?

  • (a). 84.80%
  • (b). 105%
  • (c). 78.66%
  • (d). 58.54
  • (e). None of these
Answer : 84.80%

Explanation:

(5). A trader sells two Radios, each for Rs.600, if he suffers a loss of 12% on one and gains 12% on the other, what is his overall gain or loss percentage?

  • (a). Neither loss nor gain
  • (b). Loss 1.44%
  • (c). Gain 1.44%
  • (d). Cannot be determined
  • (e). None of these
Answer : Loss 1.44%

Explanation:

(6). A trader bought two toys for the same price, if he sells one at a loss of 15% and gains 15% on the other, what is his overall gain or loss percentage?

  • (a). Neither loss nor gain
  • (b). Loss 1.44%
  • (c). Gain 1.44%
  • (d). Cannot be determined
  • (e). None of these
Answer : Neither loss nor gain

Explanation:

(7). Ram purchased an item for Rs.45,000 and sole it at a loss of 10 percent. From that amount, he purchased another item and sold it at a gain of 15 percent. What is his overall gain / loss percentage in the whole deal?

  • (a). Gain 4%
  • (b). Loss 2%
  • (c). Gain 3.5%
  • (d). Loss5%
  • (e). None of these
Answer : Gain 3.5%

Explanation:

(8). Kamaya purchased an item of Rs.46,000 and sold it at a loss of 12 percent. With that amount, she purchased another item and sold it at a gain of 12 percent. What was her overall gain / loss percentage?

  • (a). Gain 1.44%
  • (b). Loss 1.44%
  • (c). Gain 3.5%
  • (d). Loss5.5%
  • (e). None of these
Answer : Loss 1.44%

Explanation:

(9). A trader buys two boxes for the same price; he sells one at 10% loss. If he wants an overall profit of 10%, at what percentage of profit should he sell the second box?

  • (a). 40
  • (b). 20
  • (c). 30
  • (d). 50
  • (e). None of these
Answer : 30

Explanation:

(10). Profit earned by selling an article of Rs.1,450 is same as the loss incurred by selling the article for Rs.1,280. What is the cost price of the article?

  • (a). 1400
  • (b). 1200
  • (c). 1365
  • (d). 1580
  • (e). None of these
Answer : 1365

Explanation: