DXC Technology Profit & Loss Questions and Answers Quiz-1

CP for each pen = 10 / 20 = Rs. 0.50
SP for each pen = 10 / 15 = Rs. 2 / 3
Profit = SP – CP = Rs. (2 / 3) – 0.50 = Rs. 1 / 6
Therefore, profit percent = [ (1/6) / (0.50) ] x 100 = 33.334%

 Let the cost price of the article be Rs. C
=> SP = CP – Loss
=> 1805 = C – 0.05 C
=> 0.95 C = 1805
=> C = 1900
Therefore, to gain 5 %, SP = 1900 + (0.05 x 1900) = 1900 + 95 = Rs. 1995

Let the selling price of the article be Rs. S
=> Cost price of the article = 67 % of S = 0.67 S
=> Profit = SP – CP = 0.33 S
Therefore, profit percent = (0.33 S / 0.67 S) x 100 = 49.25 %

Solution : We are given that the shopkeeper bought 80 Kg at Rs. 13.50 per KG and 120 KG at Rs. 16 per KG.
=> Total cost price = (80 x 13.50) + (120 x 16) = 1080 + 1920 = Rs. 3000 and total rice = 80 + 120 = 200 KG
Now, total selling price = Total cost price + 16 % of total cost price
=> Total selling price = 3000 + (0.16 x 3000) = Rs. 3480
Thus, selling price per KG = 3480 / 200 = Rs. 17.40

: Profit percent = [ (True Value – Given Value) / Given Value ] x 100 %
Here, True Value = 1 KG = 1000 gm
Given Value = 750 gm
Therefore, profit percent = [ (1000 – 750) / 750 ] x 100 = (250 / 750) x 100 = 33.334 %

We know that if two articles are sold at the same selling price, one at a gain of A% and one at the loss of A%, then the seller always incurs a loss of (A / 10)².
=> Loss percent = (10 / 10)² = 1 %

Solution : Let the marked price of the shirt be Rs. 1000
=> Price after first discount = Rs. 1000 – 20 % of Rs. 1000 = Rs. 1000 – 200 = Rs. 800
=> Price after second discount = Rs. 800 – 10 % of Rs. 800 = Rs. 800 – 80 = Rs. 720
=> Price after cash discount = Rs. 720 – 5 % of Rs. 720 = Rs. 720 – 36 = Rs. 684
Therefore, total discount = Rs. 1000 – 684 = Rs. 316
=> Overall discount percent = (316 / 1000) x 100 = 31.60 %

Let the cost price of the article be Rs. 100
=> Selling price of the article = Rs. 100 + 33% of CP = Rs. 133
Let the marked price be Rs. M
=> Selling price = Marked Price – Discount
=> 133 = M – 0.05 M
=> 133 = 0.95 M
=> M = 140
=> M – CP = 140 – 100 = 40
Therefore, percent of CP above which the article should be marked = (40 / 100) x 100 = 40 %

Given 12 CP = 10 SP
CP/SP = 10/12 = 5/6
Profit = SP – CP
=> 6 – 5 = 1
Profit (%) = profit/CP x 100
=> 1/5 x 100
=> 20 %

Loss % = 15 %
= 15/100
= 3/20
Loss= 3 and CP = 20
SP = CP – L
= 20 – 3 = 17
CP : SP = 20 : 17