1. A shopkeeper sells his goods at cost price but uses a weight of 800 gm instead of kilogram weight. What is his profit percentage?

1. 18%

2. 40%

3. 25%

4. 20%

Answer & Explanation

Answer:- 3

Explanation :-

Profit% = [error/(true value – error)]×100

Error = True value – false value.

Profit %age =(200/800)*100

Profit %age=25%

2. Prasanth bought a car and paid 10 % less than the original price. He sold it with 30% profit on the price he had paid. What percentage of profit did he earn on the original price?

1. 17%

2. 16%

3. 18%

4. 14%

Answer & Explanation

Answer:- 1

Explanation :-

Profit %age=(X+Y+(XY/100))

Profit %age=(-10+30-300/100)

Profit %age = 20 – 3 = 17%

3. If a seller reduces the selling price of an item from Rs.400 to Rs.380, his loss increases by 2%. What is the cost price of the item?

1. 1000

2. 800

3. 1200

4. 1100

Answer & Explanation

Answer:- 1

Explanation :-

2% of CP=400-380

CP=(20/100)*2

CP=1000

4. An item was sold for Rs.27.50 with a profit of 10%. If it was sold for Rs.25.75, what would have been the percentage of profit or loss?

1. 3%

2. 2%

3. 4%

4. 5%

Answer & Explanation

Answer:- 1

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%.

5. If selling price of an article is Rs. 250, profit percentage is 25%. Find the ratio of the cost price and the selling price

1. 5: 3

2. 3 : 5

3. 4 : 5

4. 5 : 4

Answer & Explanation

Answer:- 3

Explanation :-

CP=100%

Profit=25%

SP=125%

CP:SP=100:125

=>4:5