# Tech Mahindra Profit and loss Quiz 2

Question 1

Time: 00:00:00
Instead of a metre scale, a cloth merchant uses a 120 cm scale while buying, but uses an 80 cm scale while selling the same cloth. If he offers a discount of 20% on cash payment, what is his overall profit percentage?

20%

20%

25%

25%

40%

40%

15%

15%

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Question 2

Time: 00:00:00
I sold two watches for Rs. 300 each, one at loss of 20% and other at the profit of 20%. What is the percentage of loss (-) or profit (+) that resulted from the transaction?

(+)4

(+)4

(-)1

(-)1

(+)1

(+)1

(-)4

(-)4

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Question 3

Time: 00:00:00
A company named “Dyona Automobiles”has received an order for 5,000 widgets for a total sale price of \$5,000 and wants to determine the gross profit that will be generated by completing the order.
The other details for producing 100,000 widgets are given as follows:
1.Raw Materials Costs-\$10,000
2.Direct Labor Costs-\$50,000

\$5,000

\$5,000

\$4,000

\$4,000

\$3,000

\$3,000

\$2,000

\$2,000

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Question 4

Time: 00:00:00
To earn extra profit,a shopkeeper mixes 30 kg of dal purchased at Rs.36/kg and 26 kg of dal purchased at Rs.20/kg.What will be the profit that he will make if he sells the mixture at Rs.30/kg?

Rs.60

Rs.60

Rs.80

Rs.80

Rs.50

Rs.50

Rs.100

Rs.100

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Question 5

Time: 00:00:00
Anirudh,Harish and Sahil invested a total of Rs.1,35,000 in the ratio 5:6:4 Anirudh invested has capital for 8 months. Harish invested for 6 months and Sahil invested for 4 months. If they earn a profit of Rs.75,900,then what is the share of Sahil in the profit?

Rs.12,400

Rs.12,400

Rs.14,700

Rs.14,700

Rs.15,800

Rs.15,800

Rs.13,200

Rs.13,200

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Question 6

Time: 00:00:00
The cash price of a television is Rs. 4022. A customer paid Rs. 1500 in cash and promised to pay the remaining money in 3 monthly equal instalments at the rate of 5% per annum compound interest. What is the value of each instalment?

Rs. 926.10

Rs. 926.10

Rs. 903.33

Rs. 903.33

Rs. 928.30

Rs. 928.30

Rs. 940.50

Rs. 940.50

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Question 7

Time: 00:00:00
Prabodh bought 30 kg of rice at the rate of Rs. 8.50 per kg and 20 kg of rice at the rate of Rs. 9.00 per kg. He mixed the two. At what price (App.) per kg should he sell the mixture in order to get 20% profit?

Rs. 9.50

Rs. 9.50

Rs. 8.50

Rs. 8.50

Rs. 10.44

Rs. 10.44

Rs. 12.00

Rs. 12.00

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Question 8

Time: 00:00:00
An article was sold for Rs. 2770. Had it been sold for Rs. 3000 there would have been an additional gain of 10%. Cost Price of the article is:

Rs. 2100

Rs. 2100

Rs. 2200

Rs. 2200

Rs. 2300

Rs. 2300

Rs. 2400

Rs. 2400

None of these

None of these

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Question 9

Time: 00:00:00
Rakesh buys a scooter worth Rs. 10,000. He sells it to Mohan at a profit of 10%. If after sometime Mohan sells it back to Rakesh at a loss of 10%, then totally:

Rakesh loses Rs. 100

Rakesh loses Rs. 100

Rakesh loses Rs. 1100

Rakesh loses Rs. 1100

Rakesh gains Rs. 100

Rakesh gains Rs. 100

Rakesh gains Rs. 1100

Rakesh gains Rs. 1100

None of these

None of these

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Question 10

Time: 00:00:00
The list price of an electric iron is Rs. 300. If two successive discounts of 15% and 10% are allowed, its selling price will be:

Rs. 229.50

Rs. 229.50

Rs.231.50

Rs.231.50

Rs.232.50

Rs.232.50

Rs. 234.50

Rs. 234.50

None of These

None of These

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