Test-4 (Profit and Loss)

Q1. The marked price of a watch is Rs1200/-, which is 20% above C.P. It is sold at 10% discount on marked price. Find gain %.     

a.10%  b. 8%   c.7.5%   d. 6%   Explanation

Q2. By selling a shirt for Rs 960/- ,a man incurs 4% loss. At what price should he sell it to gain 16%.  a.1160/-  b.1080/-  c.1120/-   d.NOT  Explanation

Q3. A sold a Chair to B at 15% profit. Later  B sold it back to A at 20% profit thereby gaining Rs69/-. How much did A pay originally. 

a.300/-   b. 320/-  c.345/-   d.350/-  Explanation

Q4. A toy was sold at 20% profit. If CP was 5% less and  it was sold for Rs7/- more, the gain would have been 20%. Find CP.  

a. 175/-   b.200/-  c.225/-   d.160/-  Explanation

Q5.A  dishonest trader at time of selling and purchasing weighs 10% less and 20% more per kg. Respectively. Find profit % earned(Assuming He sells at CP)  

 a.30%  b.25%  c.20%  d.33.31%   Explanation

Q6. The CP of 50 Oranges is equal to SP of 40 oranges . Find profit %.    

a.20%  b.25%  c.30%  d.NOT   Explanation

Q7. A book was sold at 20% loss. Had it been sold at Rs 12/- more, He would have gained 30%. What would be the gain %, If it was sold for Rs 4.80/- more than what it was sold for.  

a.20%  b. 10%   c.25%  d.NOT  Explanation

Q8. The reduction of 10% in sugar price enable a person  to buy 6.2 kg more for Rs 279/-. Find reduced price per kg.   

a. 5/-  b.4.5/-  c.4.05/-  d.NOT  Explanation

Q9. A man sells a watch for Rs 3450/- at 15% gain. He sells another watch at 10% loss. If he neither gain nor loss on whole, find SP of 2^nd watch.  

a . 4000/-  b.4400/-  c.4050/-  d.4500/-  Explanation

Q10. The profit earned when a  lamp is sold for Rs800/- is 20 times the loss incurred when it is sold for Rs275/- . At what price it should be sold  as to make 25% profit,   

a. 300/-  b.350/-  c375/-  d.NOT  Explanation