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HackerRank Profit and Loss Quiz- 1

Question 1

Time: 00:00:00

Ramesh bought 1 kg of peaches for 100 rs. And sold it for Rs. 120 per kg. How much is the profit gained by him?

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Cost Price for peaches is 100 rs.

Selling Price for peaches is 120 rs.

Then profit gained by shopkeeper is ; P = SP – CP

P = 120 – 100 = Rs. 20/-

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Question 2

Time: 00:00:00

Vimal paid 100 rupees for a kilogram of blueberries. And I sold it for 125 rupees per kilogram. What is the amount of profit he makes? Calculate Vimal's earnings as a percentage of his total profit.

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Cost Price for peaches is 100 rs.

Selling Price for peaches is 125 rs.

Then profit gained by shopkeeper is ; P = SP – CP

P = 125 – 100 = Rs. 25/-

We know, Profit percentage = (Profit /Cost Price) x 100

Therefore, Profit percentage = (25/100) x 100 = 25%

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Question 3

Time: 00:00:00

Manish purchases an induction cooker for Rs. 1300 and sells it at a 15% loss. What is the induction's selling price?

1200

1150

1105

1005

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Cost Price of the fan is Rs.1300

Loss percentage is 15%

As we know, Loss percentage = (Loss/Cost Price) x 100

15 = (Loss/1300) x 100

Therefore, Loss = 195 rs.

As we know,

Loss = Cost Price – Selling Price

So, Selling Price = Cost Price – Loss

= 1300 – 195

Selling Price = Rs. 1105/-

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Question 4

Time: 00:00:00

Mina purchases a sketch pen package for Rs.70 after a 5% discount; what is the sketch pen set's real cost or labeled price?

71.23

73.68

65.54

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MP x (100 – 5) /100 = 70

MP x (95/100) = 70

MP = (70 x 100)/95

MP = Rs. 73.68

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Question 5

Time: 00:00:00

Monica spends Rs. 12000 on an appliance. He sells it for Rs. 20000 after a year. She buys the same appliance for Rs 30000 and sells it for Rs 40000 after a year. What is her total benefit percentage from both transactions?

42.85

43.76

46.57

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Total C.P. = Rs. 42000

Total S.P. = Rs. 60000

Profit% = (18000/42000) x 100 = 42.85%

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Question 6

Time: 00:00:00

A businessman sells 70 metres of silk for Rs. 7500, profiting Rs. 20 per metre. What is the price of one metre of silk?

86.78

87.14

74.55

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SP of 1m of cloth = 7500/70 = Rs. 107.14

CP of 1m of cloth = SP of 1m of cloth - profit on 1m of cloth

= Rs. 107.14 - Rs. 20 = Rs. 87.14

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Question 7

Time: 00:00:00

A dealer makes a 20% profit by selling an almirah for Rs. 1000. What price could he sell the almirah for in order to make a 20% profit?

667

600

554

650

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SP = 1000, Profit = 20%

CP = (SP)x[100/(100+P)]

= 1000 x [100/120] = 833.33

Loss = 20% = 20% of 833.33 = Rs. 166.66

SP = CP - Loss = 833.33 - 166.66 = Rs. 666.66 = Rs. 667

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Question 8

Time: 00:00:00

Sweta purchased 150 sarees at a cost of Rs. 400 per saree. The cost of transportation was Rs. 1500. She charged an octroi of Rs. 1.50 per saree, plus Rs. 350 in labour charges. What should the sale price of one saree be if she wants to make a 25% profit?

517.2

550

513.45

521.32

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Total CP per shirt = 400 + 1500/150 + 1.50 + 350/150 = Rs. 413.83

SP = CP[(100 + profit%)/100]

= 413.83 x [(100 + 25)/100] = Rs. 517.28

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Question 9

Time: 00:00:00

Akhilesh sold two plots for a total of Rs. ten lakhs. On the one hand, he raised by 7%, while on the other hand, he lost by 7%. What percentage of the overall impact does the sale have?

0.5

0.75

0.25

0.55

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Loss% = (7/14)^2 = 1/4% = 0.25%

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Question 10

Time: 00:00:00

Priya has two hair dryers at her hand. She sold them and discovered that the gain on a hair dryer sold for Rs. 400 is the same as the loss on the other hair dryer which was sold for Rs.350. The hair dryer will cost you:

350

320

375

315

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Let C.P = Rs. X

400 – X = X – 350

2X = 750 or X = 375

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