Profit and Loss Quiz-1

Question 1

Time: 00:00:00
A shopkeeper offers a discount of 20% on the selling price. On a special sale day, he offers an extra 25% off coupon after the first discount. If the article was sold for Rs. 3600, find

1. The marked price of the article and

2. The cost price if the shopkeeper still makes a profit of 80% on the whole after all discounts are applied.

4500, 2015

4500, 2015

5000,2500

5000,2500

6000,2000

6000,2000

4200, 1800

4200, 1800

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Question 2

Time: 00:00:00
A man sells 3 articles, one at a loss of 10%, another at a profit of 20% and the third one at a loss of 25%. If the selling price of all three is the same, Find by how much percent is their average CP lower than or higher than their SP.

10%. Lower

10%. Lower

9.589%. higher

9.589%. higher

8.59%. Lower

8.59%. Lower

9.2566%. higher

9.2566%. higher

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Question 3

Time: 00:00:00

The cost of dry fruit set in 2011 is 70 which is divided between material, labor, and overheads in the ratio 3:2:2. If the Dry Fruit set is marked at a price that gives 20% profit on the price accounted for the labor, what is the marked price of the set?​

740

740

1080

1080

960

960

1020

1020

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Question 4

Time: 00:00:00
If the cost of labor and overheads in the year 1983 were 400 and 200 respectively. The cost of labor and overheads increased by 30%, and 10% respectively, calculate the cost of manufacturing in 1983.

740

740

1050

1050

1080

1080

1100

1100

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Question 5

Time: 00:00:00
Ramu and Shyamu decided to sell their cars each at 36,000. While Ramu decided to give a discount of 8% on the first 8000, 5% on the next 12,000, and 3% on the rest to buyer Sashi. Shyamu decided to give a discount of 7% on the first 12,000, 6% on the next 8,000 and 5% on the rest to buyer Rajesh. These discounts were, however, subject to the buyers making the payment on time failing which the discount gets reduced by 1% for every delay of a week. In each case, the selling price of 36,000 was arrived at by increasing the cost price by 25%.

Q: If each of them got the payments on time, what is the approximate percentage profit of the person getting the higher profit?

25%

25%

21%

21%

19%

19%

17%

17%

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Question 6

Time: 00:00:00
Ramu and Shyamu decided to sell their cars each at  36,000. While Ramu decided to give a discount of 8% on the first  8000, 5% on the next 12,000, and 3% on the rest to buyer Sashi. Shyamu decided to give a discount of 7% on the first 12,000, 6% on the next 8,000, and 5% on the rest to buyer Rajesh. These discounts were, however, subject to the buyers making the payment on time failing which the discount gets
reduced by 1% for every delay of a week. In each case, the selling price of 36,000 was arrived at by increasing the cost price by 25%.

Q: If Sashi defaults by 1 and 2 weeks in the second and third payments respectively, what would be the profit of Ramu in the sale of the car?

6240

6240

5920

5920

5860

5860

5980

5980

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Question 7

Time: 00:00:00
An untrustworthy vendor affirms to sell his products at Cost Price yet at the same time gets a 20% benefit by utilizing a bonus weight. What weight does he substitute for a kilogram?

$833\frac{1}{3}$ GRAMS

$833\frac{1}{3}$ GRAMS

$833\frac{2}{3}$ GRAMS

$833\frac{2}{3}$ GRAMS

$834\frac{1}{3}$ GRAMS

$834\frac{1}{3}$ GRAMS

$835\frac{2}{3}$ GRAMS

$835\frac{2}{3}$ GRAMS

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Question 8

Time: 00:00:00
The 15-band C.P is identical to the 18-band S.P. Figure out your percentage of gain or loss?

18 2/11%

18 2/11%

15 5/15%

15 5/15%

16 2/3%

16 2/3%

30%

30%

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Question 9

Time: 00:00:00
The cost of 13 items is the same as that of 11 items. Do you find the profit percentage?

19

19

18

18

20

20

21

21

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Question 10

Time: 00:00:00
By selling a book for Rs 600 more, Parv would have made 5% profit on his sale instead of a 11% loss. What was his cost price?

3750

3750

4000

4000

2250

2250

6000

6000

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