InfyTQ Profit and Loss Quiz 1

Solution:

  Cost price of the bike= Rs. 4700 + 800

       = 5500

Selling Price = Rs. 5800

⇒ Gain = SP - CP

⇒ Gain = 5800 - 5500 = Rs. 300

∴ Gain% = \frac{ Gain }{ CP }\times 100

⇒ Gain% = \frac{ 300 }{ 5500 }\times 100

⇒ Gain% = \frac{30000 }{ 5500}

Gain% = 5.45%

Explanation:

Solution

$\mathrm{20+(20\backslash times\; 25\%)=x}$

20+(20\times \frac{25}{100})=x



$x=25$

Solution:

The total cost to print 900 copies would be given by:
Cost for setting up the type + cost of running the printing machine + cost of paper/ink etc
= 1000 + 120 × 9 + 900 × 0.6 = 1000 +1080 + 540 = 2620.
A 10% profit on this cost amounts to ` 262. Hence, the total amount to be recovered is ` 2882.
Out of this, 784 copies are sold for ` 2.75 each to recover ` 2156.
The remaining money has to be recovered through advertising.
Hence, The money to be recovered through advertising = 2882 – 2156 = ` 726. Option (b) is
correct.

Solution:

Correct Answer: Option D

Cost price for 6 pencils = Rs. 1
Selling price for 6 pencils = 120% of Re. 1 =Rs.\frac{6}{5} = Rs 1.2
So, for Rs. \frac{6}{5}, number of pencils sold = 6
Therefore, for Re. 1, pencils sold = 6 \times  \frac{5}{6} = 5

Solution:

Correct Answer: Option A

Cost Price = Rs.\frac{392 \times 100}{122.5}

= Rs. 320

Profit = 392 – 320

= 72

Solution:

Correct Answer: Option B

Selling Price

= 85% of Rs. 1400

= Rs. \frac{85}{100} x 1400

= Rs. 1190

Solution:

Correct Answer: Option A

As Meera sells it at the rate higher than her cost price, she does not face a loss.

Solution:

Correct Answer: Option A


C.P of 17 pens – S.P of 17 pens = C.P of 5 pens

C.P of 12 pens = S.P of 17 pens

= Rs. 720

C.P of one pen = \frac{720}{12}

= Rs. 60

Solution:

Correct Answer: Option A

First we find CP.

If SP is Rs. 85 then CP = Rs 100

If SP is Rs. 18,700, then

CP = \frac{100}{85} \times 18700= Rs 22,000

Now, if CP is Rs 100, then SP = Rs. 115

Thus, if CP is Rs. 22,000, then

SP = \frac{115}{100} \times 22000=Rs 25,300

Solution:

Correct Answer: Option B

The weight of 1 kg grain will weigh = 850 grms

Let the CP of each gram be, Re. 1

Therefore, the CP of one bag = Rs. 850

S.P of 1 kg bag = 120% of the true CP

Therefore, SP = 120100 x 1000

= Rs. 1200

Gain = 1200-850 = 350

Gain % = 350850 x 100

= 41.17%