WeCP Profit and Loss Quiz 1

Correct ans - Option C

Explanation -

Total cost for buying the bike = 5200 + 1200 = 7000/-

Selling price for bike = 8000

S.P > C.P = Profit

Profit = 8000-7000 = 1000

Profit/Gain % = \frac{1000}{8000} * 100% = 12.5%

Correct ans - Option C

 

Let the C.P. of 1 pencil be 1 rupee

So the C.P. of 10 pencils = 10 Rs

S.P of x pencils = 10 Rs

Profit = 10 - x

Profit% = \frac{10 - x}{x} * 100% = 13%

= 1000 - 100x = 13x

=  100 = 113x

=  x = 8.84/-

Correct ans = Option B

Explanation

Let C.P. be Rs. x and S.P. be Rs. y.

Then, 3(y - x) = (2y - x)    y = 2x.

Profit = Rs. (y - x) = Rs. (2x - x) = Rs. x.

Profit % = \frac{x}{x} * 100% = 100%

Correct ans = option C

Explanation

Let the Old C.P be 100 Rs

The profit is given as 225%

So, the S.P. will be 225% of 100 rs = 325 Rs

Now, the new C.P = 120 Rs

New S.P. = 357.50 Rs

Profit = S.P - C.P

= 357.50 - 120

= 237.50/-

Profit% = \frac{237.50}{120} * 100% = 197.91 %

= 198% (approx)

Correct ans = Option A

Explanation-

Let the C.P be x

Then

\frac{225000 - x}{x} * 100 = \frac{x - 178000}{x} * 100

225000 - x = x - 178000

> 2x = 403000

> x  =  201500

> Profit % = 35%

Required S.P  = \frac{135}{100} * 2,01,500 = 2,72,025

Correct ans = Option C

Explanation

Price of 1 kg oranges = 40 rs

Price of 5 kg oranges = 40 x 5 = 200 rs

Profit% = 20%

Required S.P = \frac{140}{100} * 200 = 280

Correct ans - option D

Explanation

C.P of 1 dozen bananas = 60Rs

S.P of 1 banana = 8 Rs

S.P. of 1 dozen = 8 x 12 = 96 Rs

C.P of 12 dozen bananas = 60 x 12 = 720 Rs

S,P of 12 dozen bananas = 96 x 12 = 1152 Rs

Profit = S.P - C.P = 1152 - 720 = 432 Rs

Profit% = \frac{432}{720}  * 100%= 60%

Correct ans - Option A

Explanation

Number of articles bought = L.C.M. of 10 & 12 = 60

C.P. of 60 articles = \frac{12}{10}  * 60= 72

S.P of 60 articles = \frac{10}{12}  * 60= 50

Loss = C.P. - S.P. = 72 - 50 = 12 Rs

Loss% = \frac{12}{72}  * 100= 16.66

Correct ans - Option B

Explanation

Let the C.P of the dress be x

S.P of the dress  = Rs 14,500/-

Loss% = 12%

C.P = 12% \text{ of x} = x - 14500

\frac{12x}{100} = x - 14500

\frac{88x}{100} = 14500

Thus x = 16477/- (approx)

Profit to be gain = Rs 500/-

Hence the S.P will be = 16477 + 500 = 16977/-

Correct ans - Option B

Explanation -

Let the two radio be A and B

S.P of radio A = 1240/-

Gain % of radio A = 15%

Let the C.P of radio A be x

Then,

15% of x = 1240 - x

\frac{15}{100} * x =1240 - x

\frac{115x}{100} =1240

Thus x = Rs 1078.26/-

Similarly for Radio B

S.P of radio B = Rs 860/-

Loss% of radio B = 12%

Let the C.P of radio B = y

Then, 12% of y = y - 860

\frac{12}{100} * y  = y - 860

\frac{88y}{100} =860

Thus y = 977.27/-

Total C.P of the radio’s = 1240 + 860 = 2100/-

Total S.P of the radio’s = 1078.26 + 977.27 = 2055.53

C.P > S.P = Loss

Loss = 2100 - 2055.53 = 44.47

Loss% = \frac{44.47}{2100} * 100 = 2.11