Profit and Loss (5)

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

 

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