Profit and Loss Set 10
We are here with the Profit and Loss exercise which is very important for competitive exams. Profit and Loss questions usually carry 3-5 marks in competitive exams.
Q1. A milkman buys some milk contained in 10 vessels of equal size. If he sells his milk at Rs 5 a litre, he loses Rs 200; while selling it at Rs6 a litre, he would gain Rs150 on the whole. Find the number of litres contained in each vessel.
(a) 30
(b) 35
(c) 40
(d) 45
(e) 50
Q2. A watch passes through three hands and each gains 25%. If the third sells it for Rs250, what did the first pay for it?
(a) 128
(b) 130
(c) 145
(d) 150
(e) 180
Q3. If by selling an article for Rs 60, a person loses 1/7 of outlay (cost), what would he have gained or lost per cent by selling it for Rs77?
(a) 5%
(b) 10%
(c) 11%
(d) 15%
(e) 25%
Q4. I sold a book at a profit of 7%. Had I sold it for Rs 7.50 more, 22% would have been gained. Find the cost price.
(a) 25
(b) 30
(c) 50
(d) 55
(e) 60
Q5. A reduction of 40 per cent in the price of bananas would enable a man to obtain 64 more for Rs40. What is the reduced price per dozen?
(a) 3
(b) 6
(c) 5
(d) 4
(e) 8
ANSWERS:
1 – B
2 – A
3 – B
4 – C
5 – A
