Cognizant Profit & Loss Quiz-1

Question 1

Time: 00:00:00
The profit obtained by selling an article for Rs 480 is twice the loss obtained by selling for Rs 300. What is the cost price of the article?

Rs 120

Rs 120

Rs 180

Rs 180

Rs 300

Rs 300

Rs 360

Rs 360

Once you attempt the question then PrepInsta explanation will be displayed.

c.p of 15 books = s.p of 18 books c . p × 15 = s.p × 18 c .p / s.p = 18 / 15 c.p : s:p = 6 : 5 let the constant ratio = x so now ,c .p = 6x and s.p = 5x loss% = ( c.p - s.p / c.p ) × 100% ( 6 x - 5x / 6x ) ×100= 1 x/6x× 100 = 1 /6 × 100 = 16.66 %

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Question 2

Time: 00:00:00
On selling an article for Rs 1020, a merchant loses 15%. For how much price should he sell the article to gain 12% on it ?

Rs 1344

Rs 1344

Rs 1350

Rs 1350

Rs 1400

Rs 1400

Rs 1450

Rs 1450

Once you attempt the question then PrepInsta explanation will be displayed.

selling price of the article (S.P.) = 1020 at a loss of 15? means he got only 100-15 = 85% of cost prize (C.P.). so we can say 85% of c.p. = 1020 c.p. × 85/100 = 1020 c.p. = 1200 now to gain 12% profit his selling price will be s.p. = c.p. × (100+12)/100 s.p. (112×100)/ 100 s.p. = 112× 12 s.p. = 1344

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Question 3

Time: 00:00:00
A sells a camera to B at a profit of 20% and B sells it to C at a profit of 25%. If C pays Rs 450, what price did A pay for the camera?

Rs.300

Rs.300

Rs.150

Rs.150

Rs.860

Rs.860

Rs.350

Rs.350

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Question 4

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?

1050

1050

1100

1100

1000

1000

1500

1500

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Question 5

Time: 00:00:00
A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price?

11%

11%

12%

12%

15%

15%

17%

17%

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Question 6

Time: 00:00:00
A dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by using a false weight. What weight does he substitute for a kilogram?

833.33 grams

833.33 grams

699.23 grams

699.23 grams

945.67 grams

945.67 grams

1000 grams

1000 grams

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Question 7

Time: 00:00:00
The C.P of 15 books is equal to the S.P of 18 books. Find his gain% or loss%?

16%

16%

18%

18%

16.66%

16.66%

17%

17%

Once you attempt the question then PrepInsta explanation will be displayed.

Just exchange the cp with sp Cp=18 Sp=15 (Sp-cp/cp)*100=16.66%

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Question 8

Time: 00:00:00
The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit/loss percent?

12%

12%

18.18%

18.18%

16 2/3%

16 2/3%

30%

30%

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Question 9

Time: 00:00:00
A merchant sold an article at 10% loss. If he had sold it Rs 450 more, 8% would have been gained on the cost price. Find the cost price?

1500

1500

1200

1200

2500

2500

1800

1800

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Question 10

Time: 00:00:00
A reduction of 20% in the price of salt enables a lady to obtain 10kgs more for Rs.100, find the original price per kg?

2.5 kg

2.5 kg

1.4 kg

1.4 kg

1.2 kg

1.2 kg

2.6 kg

2.6 kg

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