# Profit and Loss Questions

Q:

A) 116% | B) 166.66% |

C) 60% | D) 100% |

Answer & Explanation
Answer: B) 166.66%

Explanation:

Explanation:

Let the cost price of 1 litre pure milk be Re.1, then

and 8 litre mixture SP 8 x 2 = Rs.16

Profit %= %

77
15391

Q:

A) 15 | B) 16 |

C) 18 | D) 25 |

Answer & Explanation
Answer: B) 16

Explanation:

Explanation:

Let C.P. of each article be Re. 1 C.P. of *x* articles = Rs. *x*.

S.P. of *x* articles = Rs. 20.

Profit = Rs. (20 - *x*).

2000 - 100*x* = 25*x*

125x=2000

x=16

250
8951

Q:

A) 16 | B) 18 |

C) 20 | D) 22 |

Answer & Explanation
Answer: B) 18

Explanation:

Explanation:

Let S.P. of 45 lemons be Rs. x.

Then, 80 : 40 = 120 : x or x = = 60

For Rs.60, lemons sold = 45

For Rs.24, lemons sold == 18.

96
8921

Q:

A) No profit, no loss | B) 5% |

C) 8% | D) 10% |

Answer & Explanation
Answer: B) 5%

Explanation:

Explanation:

C.P. of 56 kg rice = Rs. (26 x 20 + 30 x 36) = Rs. (520 + 1080) = Rs. 1600.

S.P. of 56 kg rice = Rs. (56 x 30) = Rs. 1680.

Gain =% = 5%

92
8182

Q:

A) 600 | B) 1200 |

C) 1800 | D) none of these |

Answer & Explanation
Answer: C) 1800

Explanation:

Explanation:

Least Cost Price = Rs. (200 * 8) = Rs. 1600.

Greatest Selling Price = Rs. (425 * 8) = Rs. 3400.

Required profit = Rs. (3400 - 1600) = Rs. 1800.

137
6355