Profit and Loss (9)

/ Profit and Loss, Quantitative Aptitude / By

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  1. A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20% and the cow at a gain of 20% The entire transaction resulted in?
    1.no loss or gain
    2.gain of Rs. 1000
    3.loss of Rs. 1000
    4.gain of Rs. 2000
    5.None of these

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Answer:- 3

Explanation:-

CP of Horse = (12000/80)*100=15000
CP of Cow = (12000/120)*100=10000
Total CP=15000+10000=25000
Total SP = 12000+12000= 24000
Therefore ,There is a loss of Rs. 1000

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  1. By selling 45 lemons for Rs 40, a man loses 20 %. How many should he sell for Rs 24 to gain 20 % in the transaction?
    1.16
    2.20
    3.18
    4.22
    5.None of these

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Answer:- 3

Explanation:-

SP of 1 Lemon = 40/45 =8/9.
CP of 1 Lemon= ((8/9)/80)*100=10/9
For profit of 20 % :-
Let x be the no of Lemons
Therefore .
SP=24
SP=(120% of CP)*x
=> ((10/9)/100)*120*x=24
=>  x= 18

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3 .If the cost price is 25% of selling price. Then what is the profit percent.
1.  150%
2.  200%
3.  300%
4.  350%
5.  None of these

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Answer:- 3

Explanation:-

Let’s assume  S.P = 100
Therefore C.P. = 25
Profit = 100-25=75
Profit %age  = (75/25) * 100 = 300%

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  1. A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then what would have been the percentage of profit and loss?
  2.  2% Profit
  3.  3% Profit
  4.  2% Loss
  5.  3% Loss
  6.  None of these

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Answer:- 2

Explanation:-

S.P    = Rs.27.50
Then
Profit= 10%
So, C.P = Rs.(100/110 x 27.50)= Rs.25.
When S.P = Rs.25.75
Profit    = Rs.(25.75 – 25) = Rs.0.75.
Profit % = (0.75/25×100)% =3%.

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  1. In terms of percentage profit, which among following the best transaction.
  2.  C.P. 36, Profit 17
  3.  C.P. 50, Profit 24
  4.  C.P. 40, Profit 19
  5.  C.P. 60, Profit 29
  6.  None of these

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Answer:- 4

Explanation:-

1.Profit% = (17/36) * 100 =47.22%
2.Profit% = (24/50) * 100 = 48%
3.Profit% = (19/40) * 100 =47.5%
4.Profit% = (29/60) * 100 =48.33%

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