Profit and Loss

1.

A bought 5 pencils for Rs.4 and sells 4 pencils for Rs.4. The gain per cent in the transaction is 

   A.) 25%
   B.) 20%
   C.) 56 ¼%
   D.) 50%

Answer: Option 'B'

Out of 5 pencils the profit is 1 pencil;'
So, the gain per cent = 1 × 100/5 = 20%

2.

A man bought a second-hand typewriter for Rs.1200 and spent Rs.200 on its repairs. He sold it for Rs.1680. His profit per cent is 

   A.) 20%
   B.) 10%
   C.) 8%
   D.) 16%

Answer: Option 'A'

The CP of the typewriter = Rs. 1200 + 200 = Rs.1400
Its SP = Rs.1680; and the profit = 1680 – 1400 = Rs.280
So, profit percent = 280 × 100/1400 = 20%.

3.

If the selling price of 16 items is same as the cost price of 20 items, then there is a 

   A.) loss of 20%
   B.) loss of 25%
   C.) gain of 20%
   D.) Gain of 25%

Answer: Option 'A'

Here the loss = 4 items out of 20 items; So the loss percent = 4× 100/20 = loss of 20%.

4.

What would be the cost of building a fence around a cicular plot of area 98.56 sq.ft., if the cost of fencing per foot is Rs.614? 

   A.) Rs.60515.84
   B.) Rs.30257.92
   C.) Rs.21612.80
   D.) Rs.43324.60

Answer: Option 'C'

Area = 98.56 sq.ft
:. r² = 98.56 x 7/22 = 31.36
:. r = 5.6 ft.
Circumference = 2 x 22 x 5.6/7 = 35.2 ft.
Cost of fencing = 35.2 x 614 = Rs.21612.80.

5.

A discount of 14% on the marked price of an article is allowed and then the article is sold for Rs.387. The marked price of the article is 

   A.) Rs.450
   B.) Rs.427
   C.) Rs.500
   D.) Rs.440

Answer: Option 'A'

The selling price is 86% of the marked price and is = Rs.387.
So, The marked price = 387 × 100/86 = Rs.450.

Profit and Loss Download Pdf

<