LTI Profit and Loss Quiz 1

Question 1

Time: 00:00:00
Ayush organized a house gathering party for which he went to the market and bought chips, Coke and soda. He purchased at least 25 items of each variety and calculated that if the cost of each soda was Re.1 more, and the cost of each coke was Rs.4 more, then his total expenditure on the items would have gone up by Rs.136. If he bought a total of 80 items, find the number of Coke Ayush purchased.

25

25

28

28

27

27

30

30

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Question 2

Time: 00:00:00
Apple launched two phones Iphone 14 and Iphone 14 pro. Both the phones are bought and sold for an average of 400 each. One is sold for a 20% loss, and the other is sold for a 20% gain. What will the overall transactional profit or loss be, then?

Rs 33.33

Rs 33.33

Rs 30

Rs 30

Rs 43.33

Rs 43.33

Rs 40

Rs 40

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Question 3

Time: 00:00:00
PrepInsta Prime is offering a 10% discount off the subscription's listed price. The subscription is sold for Rs. 13,230 since the listed price is 20% more than the cost price. What is the price at cost?

Rs. 12,250

Rs. 12,250

Rs. 14,560

Rs. 14,560

Rs. 15,750

Rs. 15,750

Rs. 16,750

Rs. 16,750

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Question 4

Time: 00:00:00
Ashish got his first stipend as intern in Microsoft, he decided to go on shopping for his brother so he bought 40 novels for his brother or 90 journals with it. He keeps 20% of the money for food and with the remaining buys 36 journals and some novels. Find the number of novels he buys.

 

18

18

16

16

15

15

14

14

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Question 5

Time: 00:00:00
A seller in a clothing store maintains his price 10% higher than the cost price while offering a 10% Discount off the Marked Price. Calculate your profit or loss margin.

 

1 % profit

1 % profit

1 % loss

1 % loss

2 % Profit

2 % Profit

2 % loss

2 % loss

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Question 6

Time: 00:00:00
Two pieces of furniture that Rohit bought were sold for an average of 40,000 a piece. One is sold for a 30% loss, while the other is sold for a 30% gain. What will the overall transactional profit or loss percentage be then?

loss 9 %

loss 9 %

profit 9 %

profit 9 %

loss 3 %

loss 3 %

profit 3 %

profit 3 %

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Question 7

Time: 00:00:00
Pranay fixes the marked price of a bag 30% above its cost price. What should be the approximate percentage of discount allowed to gain 10%?

 

17%

17%

15%

15%

13%

13%

19%

19%

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Question 8

Time: 00:00:00
A music system when sold for 10000 gave a profit of 2000 to the shopkeeper who sells it. Calculate his loss gain percent.

Profit of 20%

Profit of 20%

Profit of 22%

Profit of 22%

Profit of 25%

Profit of 25%

Profit of 30%

Profit of 30%

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Question 9

Time: 00:00:00
The Cost price of 50 notebooks is equal to the selling price of 40 notebooks. Find the profit percentage?

20

20

25

25

30

30

35

35

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Question 10

Time: 00:00:00
A man buys 50 kgs of cotton at rupee 10 per kilogram and another 40 kgs of cotton at rupee 12 per kilogram and mixes them. He sells the mixture at the rate of 11 per kilogram. What will be his gain percent if he is able to sell the whole lot which he had bought.

100/98%

100/98%

50/49%

50/49%

100(10/49)%

100(10/49)%

10(1/49)%

10(1/49)%

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