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AMDOCS Profit and Loss Problems with Solutions Quiz-1

Question 1

Time: 00:00:00

A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have been a gain of 4%. What is the cost price?

Rs.1000

Rs.1140

Rs.860

Rs.760

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Let the cost price of the watch be x.
It was sold for 10% loss that is 90x/100

If it was sold for 140 more, the price would be 90x/100 + 140 and this would be 4% gain which is 104x/100

So, 104x/100 = 90x/100 + 140
Multiply through by 100, we have
104x =90x + 14000
Subtract 90x from both sides, we have
14x = 14000
Divide both sides by 14, we have
x = 1000
So, the cost price is 1000

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Question 2

Time: 00:00:00

A man sells a horse for Rs.800 and loses something, if he had sold it for Rs.980, his gain would have been double the former loss. Find the cost price of the horse?

Rs.900

Rs.875

Rs.850

Rs.860

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CP = SP + 1CP = SP - g
800 + x = 980 - 2x
3x = 180 => x = 60
CP = 800 + 60 = 860

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Question 3

Time: 00:00:00

By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained, what ought the selling to price to have been in order to have lost 5 p.c?

Rs.38750

Rs.38000

Rs.40000

Rs.42000

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CP + CP/8 = 45000
CP = 40000
SP = 40000*(95/100) = 38000

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Question 4

Time: 00:00:00

The C.P of 10 pens is equal to the S.P of 12 pens. Find his gain % or loss%?

16 2/3% profit

50/6% profit

16 2/3% loss

100/3% loss

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10 CP = 12 SP
12 --- 2 CP loss
100 --- ? => 16 2/3%

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Question 5

Time: 00:00:00

By selling 12 pencils for a rupee a man loses 20%. How many for a rupee should he sell in order to gain 20%?

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80% --- 12
120% --- ?
80/120 * 12 = 8

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Question 6

Time: 00:00:00

By selling 50 meters of cloth. I gain the selling price of 15 meters. Find the gain percent?

0.35

0.3

0.4

42 6/7%

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SP = CP + g
50 SP = 50 CP + 15 SP
35 SP = 50 CP
35 --- 15 CP gain
100 --- ? => 42 6/7%

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Question 7

Time: 00:00:00

A reduction of 25% in the price of oil enables a house wife to obtain 5kgs more for Rs.800, what is the reduced price for kg?

Rs.20

Rs.30

Rs.40

Rs.25

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800*(25/100) = 200 ---- 5
? ---- 1 => Rs.40

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Question 8

Time: 00:00:00

A man buys two articles for Rs.1980 each and he gains 10% on the first and loses 10% on the next. Find his total gain or loss percent?

1% gain

1% loss

10% loss

no gain or no loss

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Currently there is no PrepInsta Explanation. Did you know?

You can also submit your own version of explanations under user explanation section and also view other submitted explanations by other users.

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Question 9

Time: 00:00:00

At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 25% on the cost price?

Rs.62.50

Rs.72.50

Rs.75.00

Rs.80.00

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CP = 47.50
SP = 47.50*(125/100) = 59.375
MP*(95/100) = 59.375
MP = 62.5

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Question 10

Time: 00:00:00

A shopkeeper buys mangoes at the rate of 4 a rupee and sells them at 3 a rupee. Find his net profit or loss percent?

0.2

0.28

33 1/3 %

35 2/7 %

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The total number of mangoes bought by the shopkeeper be 12.
If he buys 4 a rupee, his CP = 3
He selling at 3 a rupee, his SP = 4
Profit = SP - CP = 4 - 3 = 1
Profit Percent = 1/3 * 100 = 33 1/3 %

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["0","40","60","80","100"]

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