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Profit and Loss

Profit and Loss - Important Points


11.

A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The CP of the article was:

A. Rs 100

B. Rs 150

C. Rs 200

D. Rs 250

Discuss Work Space

Answer: option c

Explanation:

Let original Cost price is 100x
Its Selling price = 105x

New Cost price  = 95x
New Selling price = 95x*(110/100)   with 10% Profit

Given, 105x - 95x*(110/100) = 1
=> 0.5 x = 1
           x = 2
Original CP = 100x = 200


12.

Two successive discounts of 20% and 15% are equivalent to a single discount of:

A. 35%

B. 32%

C. 33.33%

D. 30%

Discuss Work Space

Answer: option b

Explanation:

Please refer Important Points.


13.

Three successive discounts of 15 %, 10 % and 8 % are given on an article. Find the single discount equivalent to all these three discounts.

A. 29.62 %

B. 33 %

C. 30.62 %

D. 33.33 %

Discuss Work Space

Answer: option a

Explanation:

Please refer Important Points.


14.

A man sells two articles at the same price. On one, he makes a profit of 10% and on the other he suffers a loss of 10%. His loss percent on the whole transaction is:

A. No profit no loss

B. 1

C. 2

D. 5

Discuss Work Space

Answer: option b

Explanation:

Please refer Important Points.


15. If the cost price of 50 oranges is equal to the selling price of 40 oranges, then the profit per cent is

A. 20

B. 33.33

C. 15

D. 25

Discuss Work Space

Answer: option d

Explanation:

Please refer Important Points.