Profit and Loss Set 16

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Profit and Loss Set 16

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 shopkeeper sold a TV set for Rs. 17,940 with a discount of 8% and gained 19.6%. If no discount is allowed, then what will be his gain per cent?  
(a) 25%
(b) 26.4%
(c) 24.8%
(d) 30%
(e) None of these
Q2. If 7kg of tea of price Rs. 72/kg is blended with 33 kg of tea of Rs. 87/kg and 35 kg of Rs. 85/kg and the mixture is sold at 15% profit, then what is the selling price of the mixture?  
(a) Rs. 80.66/kg
(b) Rs. 102.33/kg
(c) Rs. 91.22/kg
(d) Rs. 97.37/kg
(e) None of these
Q3. A cash payment that will settle a bill for 250 chairs are Rs. 50 per chair less 20% and 15% with a further discount of 5% on cash payment is:  
(a) Rs. 8075
(b) Rs. 7025
(c) Rs. 8500
(d) Rs. 8000
(e) None of these
Q4. A sold an article to B at a profit of 20% B sold the same article to C at a loss of 25% of C sold the same article to D at a profit of 40%. If D paid Rs. 252 for the article, then find how much did A pay for it? 
(a) Rs. 175
(b) Rs. 200
(c) Rs. 180
(d) Rs. 210
(e) None of these
Q5. Rohan purchased a bike for Rs. 54000. He sold it at a loss of 8 per cent. With that money he again purchased another bike and sold it at a profit of 10 per cent. What is his overall loss/profit? 
(a) Loss of Rs. 657
(b) Profit of Rs. 567
(c) Loss of Rs. 648
(d) Profit of Rs. 648
(e) None of these

Answers:

1. D        2. D      3. A       4. B       5. D

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