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TCS Digital Profit and Loss Quiz 1

Question 1

Time: 00:00:00

A farmer bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

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here Gain%=20
now formula is gain%=(gain*100)/cp
i.e 20=(gain*100)/1
i.e 20/100=gain
gain=0.2
so 6 toffees will be sold at 1.2 rs to gain 20%
0.20 for each toffee
i.e 5 toffees will be sold at 1 rs

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Question 2

Time: 00:00:00

If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books ?

Rs.2800

Rs.1400

Rs.1800

Rs.2400

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Least Cost Price = Rs. (200 * 8) = Rs. 1600.
Greatest Selling Price = Rs. (425 * 8) = Rs. 3400.
Required profit = Rs. (3400 - 1600) = Rs. 1800.

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Question 3

Time: 00:00:00

100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is :

14 2/7 % loss

14 2/7 % gain

15% loss

15% gain

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C.P. of 1 orange = Rs. 350/100 = Rs. 3.50
S.P. of 1 orange = Rs. 48/12 = Rs. 4
Gain% = (0.50/3.50)x 100% = 100/7%
= 14 2/7 %

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Question 4

Time: 00:00:00

A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

No profit, no loss

10%

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C.P. of 56 kg rice = Rs. (26 x 20 + 30 x 36) = Rs. (520 + 1080) = Rs. 1600.

S.P. of 56 kg rice = Rs. (56 x 30) = Rs. 1680.
Gain = (80/1600 )x 100 % = 5%.

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Question 5

Time: 00:00:00

When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?

Rs. 25,300

Rs. 25,500

Rs. 25,000

Rs. 22,000

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85 : 18700 = 115 : x
x = (18700 x 115)/85 = 25300.
Hence, S.P. = Rs. 25,300.

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Question 6

Time: 00:00:00

Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:

30%

44%

35%

33%

None of these

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Suppose, number of articles bought = L.C.M. of 6 and 5 = 30.

C.P. of 30 articles = Rs. (5/6)x 30= Rs. 25.

S.P. of 30 articles = Rs. (6/5)x 30= Rs. 36.

Gain % =(11/25)x 100% = 44%.

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Question 7

Time: 00:00:00

A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

Rs.1090

Rs.1160

Rs.1190

Rs.1202

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S.P. = 85% of Rs. 1400
= Rs. (85/100) * 1400
= Rs. 1190

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Question 8

Time: 00:00:00

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

30 %

250%

100%

70%

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Let C.P.= Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420.

New C.P. = 125% of Rs. 100 = Rs. 125

New S.P. = Rs. 420.

Profit = Rs. (420 - 125) = Rs. 295.

Required percentage = (295/420)x 100% =70% (approximately).

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Question 9

Time: 00:00:00

The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:

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Let C.P. of each article be Re. 1 C.P. of x articles = Rs. x.

S.P. of x articles = Rs. 20.

Profit = Rs. (20 - x).
So {(20 - x) / x} x 100 = 25
x = 16.

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Question 10

Time: 00:00:00

Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is:

4 (4/7 )%

5 (5/11)%

10%

12%

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Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.

Selling Price (S.P.) = Rs. 5800.

Gain = (S.P.) - (C.P.) = Rs.(5800 - 5500) = Rs. 300.

Gain % = (300/5500)x 100% = 5 5/11 %

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