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Profit And Loss Test - 4

  • Remaining Timing :-

(1). A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction

  • (a). ‘A’ neither loses nor a gain
  • (b). ‘A’ makes a profit of 11%
  • (c). ‘A’ makes a profit of 20%
  • (d). ‘B’ loses 20%
  • (e). None of these
Answer : ‘A’ makes a profit of 11%

Explanation:

(2). A piece of land carries to a person through three middle-men each gaining 20%. If the person purchased the land for Rs, 3,45,600 the original cost of the land was

  • (a). Rs. 1,00,000
  • (b). Rs. 1,50,000
  • (c). Rs. 1,75,000
  • (d). Rs. 2,00,000
  • (e). None of these
Answer : Rs. 2,00,000

Explanation:

(3). A man sold some articles at a gain of 10%. He spent his total sale proceeds to purchase such articles again. This time while selling them, he incurred a loss of 10%. His loss or gain in the transaction was

  • (a). 1% loss
  • (b). 1% gain
  • (c). 3% loss
  • (d). Neither loss nor gain
  • (e). None of these
Answer : 1% loss

Explanation:

(4). If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25% he should sell it for

  • (a). Rs. 1,200
  • (b). Rs. 1,000
  • (c). Rs. 960
  • (d). Rs. 1,250
  • (e). None of these
Answer : Rs. 1,200

Explanation:

(5). Two-third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs. 400, then the value of the consignment was

  • (a). Rs. 15,500
  • (b). Rs. 11,200
  • (c). Rs. 15,000
  • (d). Rs. 12,000
  • (e). None of these
Answer : Rs. 15,000

Explanation:

(6). One trader calculates the percentage of profit on the buying price and another calculates on the selling price. When their selling prices are the same, then the difference of their actual profits is Rs. 85 and both claim to have made 20% profit. What is the selling price of each?

  • (a). Rs. 1700
  • (b). Rs. 2100
  • (c). Rs. 2550
  • (d). Rs. 3060
  • (e). None of these
Answer : Rs. 3060

Explanation:

(7). Mohan bought 25 books for Rs. 2,000 and sold them at a profit equal to the selling price of 5 books. The selling price of 1 book is

  • (a). Rs.110
  • (b). Rs.200
  • (c). Rs.120
  • (d). Rs.100
  • (e). None of these
Answer : Rs.100

Explanation:

(8). The expenses on rice, fish and oil of a family are in the ratio 12 : 17 : 3. The prices of these articles are increased by 20%, 30% and 50% respectively. The total expenses of family on these articles are increased by
  • (a). 1
  • (b). 2
  • (c). 3
  • (d). 4
  • (e). None of these
Answer : 4

Explanation:

(9).
  • (a). 40%
  • (b). 15%
  • (c). 16%
  • (d). 20%
  • (e). None of these
Answer : 15%

Explanation:

(10).
  • (a). Rs.36
  • (b). Rs.42
  • (c). Rs.40
  • (d). Rs.58
  • (e). None of these
Answer : Rs.40

Explanation: