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Profit and Loss

Profit and Loss - Important Points


16. A man bought some toys at the rate of 10 for Rs. 40 and sold them at 8 for Rs. 36. Find his gain or loss percent.

A. 10% profit

B. 12% loss

C. 12.5% profit

D. 12.5% loss

Discuss Work Space

Answer: option d

Explanation:

Please refer Important Points.

17.

By selling an article at 80% of its marked price, a merchant makes a loss of 12%. What will be the percent profit made by the merchant if he sells the article at 95% of its marked price?

A. 5%

B. 4%

C. 5.5%

D. 4.5%

Discuss Work Space

Answer: option d

Explanation:

Please refer Important Points.


18.

What is the maximum percentage discount that a merchant can offer on her marked Price so that she ends up selling at no profit or loss, if she had initially marked her goods up by 50%?

A. 50%

B. 20%

C. 25%

D. 33.33%

Discuss Work Space

Answer: option d

Explanation:

Please refer Important Points.


19.

By selling an article at 2/5 of the marked price, there is a loss of 25 % , The ratio of the marked price and the cost price of the article is:

A. 2 : 5

B. 8 : 15

C. 15 : 8

D. 5 : 2

Discuss Work Space

Answer: option c

Explanation:

Please refer Important Points.


20.

A dishonest merchant sells his grocery using weights 10% less than the true weights and claims a profit of 20%. Find his actual gain percentage.

A. 33.33%

B. 30%

C. 40%

D. 50%

Discuss Work Space

Answer: option a

Explanation:

Please refer Important Points