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Profit Loss

The document contains 10 multiple choice questions about profit and loss calculations. It provides the questions, possible answers, estimated difficulty level and time to solve for each. An explanation and answer key is given at the end to check the score.

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ravilakhera966
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43 views4 pages

Profit Loss

The document contains 10 multiple choice questions about profit and loss calculations. It provides the questions, possible answers, estimated difficulty level and time to solve for each. An explanation and answer key is given at the end to check the score.

Uploaded by

ravilakhera966
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

Q:1 If a loss of Rs 119 on a trade is 7%.

What must be the selling price (in Rs)


if there is 23% profit?

1. 2091

2. 2074

3. 2066

4. 2085

(Difficulty: 3, Estimated Time: 20 Seconds) A calculative one to start. Did


get it right?

Q:2 A shopkeeper sells a refrigerator at Rs 27,500 with a 10% profit. Now the
shopkeeper makes a profit by selling an air conditioner and washing machine
together equal to the cost price of the refrigerator. If the selling price of the air
conditioner and washing machine is Rs 1,25,000 then, find the cost price of
the air conditioner and washing machine together.

1. Rs 75,000

2. Rs 50,000

3. Rs 1,00,000

4. Rs 1,25,000

(Difficulty: 3, Estimated Time: 20 Seconds) This was a simple one, don't get
stuck in unnecessary calculations!

Q:3 A restaurant incurs two costs to make a delivery - food preparation cost
and delivery cost. Initially, the food was sold at market price and the actual
delivery cost of Rs 12 was collected as delivery cost, giving the owner a 32%
profit on the overall cost. Now the restaurant gives a 10% discount but
increases the delivery charge by 50%, this gives a profit of 26%. What is the
cost of food preparation? (in rupees)

1. 76

2. 88

3. 96
4. 100

(Difficulty: 3, Estimated Time: 20 Seconds) This was a bit calculative one...

Q:4 A milkman who claims to sell the milk at the cost price of milk adds 10
litres of water to ‘x’ liters of milk. Due to this dishonest dealing, he earns 20%
profit. If he added 25 liters of water instead of ‘x’ liters and also sold at selling
price which is 20% more than the cost price, then what will the profit (%) he
earns?

1. 40%

2. 50%

3. 60%

4. 80%

(Difficulty: 3, Estimated Time: 20 Seconds) It is not an easy one but I think


now you're prepared for it.

Q:5 A company has two plans of discounts. In first plan, the company
decides to give 2 more units of product free of cost if someone buys 4 units. In
second plan, the company decides to give x% discount on each unit. What is
the x, if the effective discount is same in both the cases?

1. 20

2. 33\(1\over3 \)

3. 42

4. 52\(1\over3 \)

(Difficulty: 3, Estimated Time: 20 Seconds) We're halfway through. Have


you got all your questions correct so far?

Q:6 A man bought 12 quintals of rice at Rs 24 per kg and he spent 4.5 per kg
on transportation and Rs.1800 for polishing it. He sold it at Rs 36 per kg. Find
his total profit %.

1. 20%
2. 5%

3. 12%

4. 25%

(Difficulty: 2, Estimated Time: 15 Seconds) Should we raise the level of


questions?

Q:7 Find the profit earned by a dishonest shopkeeper who sells 930 g of rice
instead of 1kg but charges the price of a kilo from the customer.

1. 8.52%

2. 4.65%

3. 9.99%

4. 7.52%

(Difficulty: 3, Estimated Time: 20 Seconds) Try using short tricks to save


time..

Q:8 By how much above the cost price should an article be marked up for
sale so that after allowing two successive discounts of 20% and 6.25% on it, a
net gain of 20% is made on the cost?

1. 50%

2. 60%

3. 66(2/3)%

4. 46(1/4)%

(Difficulty: 2, Estimated Time: 15 Seconds) A question of seconds.....

Q:9 A headphone company sells its produce at Rs 1100 (at 10% profit). It
increases its selling price by 10% stating that it will return the money as well
as offer one new headphone free of cost if any damage is found in the original
product. If 5% of the products company produces are damaged, what is the
average profit% the company makes?
1. 7.3

2. 7.7

3. 8.5

4. 8.9

(Difficulty: 3, Estimated Time: 20 Seconds) Try decreasing time in


your calculations

Q:10 Amit buys a calculator worth Rs. 1800 and sells it to Ankit. Amit gives
two successive discounts of 20% and 30% to Ankit on his cost price. At what
price did Amit sell the calculator to Ankit?

1. Rs. 840

2. Rs. 960

3. Rs. 1008

4. Rs. 1080

(Difficulty: 2, Estimated Time: 15 Seconds) Did you guess them all


correctly?

Answer Key
Let's check out your score in this test.

1. (2) 2. (3) 3. (2) 4. (1) 5. (3)

6. (2) 7. (2) 8. (1) 9. (1) 10. (3)

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