profit & loss test 2 Welcome to your profit & loss test 2 Name Email 1. Bhuvnesh makes 750 articles at a cost of 60 paise per article. He fixed the selling price such that if only 600 articles are sold, he would have made profit of 40% on the outlay. However,120 articles got spoilt and he was able to sell 630 articles at this price. Find his actual profit percent as the percentage of total outlay assuming that the unsold articles are useless. (a) 42% (b) 53% (c) 47% (d) 46% None 2. Tanu goes to a shop to purchase a doll priced at Rs. 400. She is offered 4 discount options by the shopkeeper. Which of these options should she opt for to gain maximum advantage of the discount offered ? (a) Single discount of 30% (b) 2 Successive discounts of 15% each (c) 2 Successive discounts of 20% and 10% (d) 2 Successive discounts of 20% and 12% None 3. A dishonest dealer marks up the price of his goods by 20% and gives a discount of 10% to the customer. Besides, he also cheats both his supplier and his buyer by 100 grams while buying or selling 1 kilogram. Find the percentage profit earned by the (a) 20% (b) 25% (c) 32% (d) 27.5% None 4. Cheap and Best, a kirana shop bought some apples at 4 apple per rupee and an equal number at 5 apple per rupee. He then sold the entire quantity at 9 for 2 rupees. What is his percentage profit or loss ? (a) 1.23% loss (b) 6.66% Profit (c) 8.88% loss (d) No profit no loss None 5. A shopkeeper calculates percentage profit on the buying price and another on the selling price. What will be their difference in profits if both claim a profit of 20% on goods sold for Rs. 3000 ? (a) Rs. 200 (b) Rs. 100 (c) Rs. 400 (d) Rs. 150 None 6. A merchant makes a profit of 20% by selling an article. What would be the percentage change in the profit percent had he paid 10% less for it and customer paid 10% more for it? (a) 120% (b) 125% (c) 133.33% (d) 150% None 7. Bhuvnesh has two cycles and one rickshaw. The rickshaw is worth Rs. 96.If he sells the rickshaw along with the first cycle, he has an amount double that of the value of the second cycle. But if he decides to sell the rickshaw along with the second cycle, the amount received would be less than the value of first cycle by Rs. 306. What is the value of first cycle? (a) Rs.900 (b) Rs.600 (c) Rs.498 (d) None of these None 9. Rohit sells his laptop to Bhuvnesh at a loss of 20% who subsequently sells it to Manoj at a profit of 25% Manoj after finding some defect in the laptop,returns it to Bhuvnesh but could recover only Rs. 4.50 for every Rs. 5 he paid. Find the amount of Manoj loss if Rohit had paid Rs. 1.75 lakh for the laptop. (a) Rs.3500 (b) Rs.2500 (c) Rs.17,500 (d) None of these None 10. After selling a watch, Bhuvnesh found that he had made a loss of 10%. He also found that had he sold it for Rs. 27 more, he would have made a profit of 5%. The actual initial loss was what percentage of the profit earned had he sold the watch for a 5% profit ? (a) 23% (b) 150% (c) 200% (d) 180% None 11. An orange vendor makes a profit of 20% by selling oranges at a certain price. If he charges Rs. 1.2 higher per orange he would gain 40%. Find the original price at which he sold an orange a) Rs. 5 (b) Rs. 4.8 (c) Rs. 6 (d) None of these None 12. A man sells his goods at 25% profit. Had he purchased it rupees 950 less and sold it rupees 950 less then he would gain 5% more profit. find the initial cost price ? (a) Rs. 5700 (b) Rs. 5800 (c) Rs. 3800 (d) Rs. 4600 None 13. A shopkeeper promise to sell his goods at x% profit but he uses 20% less weight and gains 37 1/2 % . find the value of x ? (a) 10% (b) 20% (c) 30% (d) 40% None 14. A man promise to sell his goods at x% loss but he use 25% less weight and thus gain 20%. find x ? (a) 10% (b) 20% (c) 30% (d) 40% None 15. The total cost of 8 books and 5 pens is 92 then find the cost of 3 books and 2 pens if the cost of 5 books and 8 pens is 77? (a) Rs. 35 (b) Rs. 45 (c) Rs. 27 (d) None of these None 16. A man sells a book and a table at 13% and 9% profit respectively then he earns rupees 1060 but if he sells the book at 16 2/3% profit and table at 11 1/9% loss then bears no profit no loss. Find their CP ? (a) Rs. 4000, Rs. 6000 (b) Rs. 5000 Rs. 5000 (c) Rs 3000, Rs. 7000 (d) None of these None 17. A man sells two article for rupees 1710 if he sells the first article at 10% loss and 2nd article at 25% profit then find the amount of profit or loss in whole transaction ? If the cost price of first article is equal to selling price of 2nd article ? (a) Rs. 90 profit (b) Rs. 180 profit (c) Rs. 95 profit (d) None of these None 18. If the selling price is double the profit triples find the profit percentage? (a) 100% (b) 200% (c) 300% (d) None of these None 19. A house worth Rs. 1,50,000 is sold by X at a 5 % profit to Y, Y sells the house back to X at a 2% loss. Then in the entire transaciton ? (a) X gains Rs. 4,350 (b) X loses Rs. 4,350 (c) X gains Rs. 3,150 (d) X loses Rs. 3,150 None 20. An item costing Rs. 840 was sold by a shopkeeper to a buyer at a gain of 10 % and it was again sold by the buyer to the new buyer at a loss of 5%. Then final price of the item is : (a) Rs. 877.80 (b) Rs. 798 (c) Rs. 924 (d) Rs. 37.80 None Time's up