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Q:

# In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit ?

 A) 60% B) 50% C) 70% D) 45%

Answer:   C) 70%

Explanation:

Let C.P.= Rs. 100.
Then, Profit = Rs. 320,
S.P. = Rs. 420.

New C.P. = 125% of Rs. 100 = Rs. 125
New S.P. = Rs. 420.

Profit = Rs. (420 - 125) = Rs. 295

Required percentage = (295/420) * 100
= 70%(approx)

Q:

Mr. X sold two properties P1 and P2 for Rs 1,00,000 each. He sold property P1 for 20% less than what he paid for it. What is the percentage of profit of property P2, so that he is not in gain or loss on the sale of two properties?

 A) 33.33% B) 29.97% C) 25% D) 22.22%

Answer & Explanation Answer: A) 33.33%

Explanation:

Let 'A' be the cost price of property P1.

Then from the given data, the selling price of P1 = Rs. 1,00,000

He got 20% loss on selling P1

Therefore, the amount he lossed on selling P1 = 25,000

As ge he got no loss or gain on sale of P1 and P2, the gain on selling P2 = 25,000

But the selling price of P2 = 1,00,000 => Cost price of P2 = 75,000

Hence, the profit percentage on P2 =

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1 158
Q:

Namitha sold a powerbank which is at the cost of Rs. 1950 at a loss of 25%. Find at what cost will she have to sell it to get a profit of 25%?

 A) Rs. 3680 B) Rs. 3560 C) Rs. 3320 D) Rs. 3250

Answer & Explanation Answer: D) Rs. 3250

Explanation:

Let the Cost price of the powerbank = Rs. P

But given that by selling it at Rs. 1950, it gives a loss of 25%

=>
=> = Rs. 2600
Now, to get a profit of 25%

Selling Price = .

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9 387
Q:

Mahesh bought 100 kg of rice for Rs. 1040 and sold it at a loss of as much money as he received for 30 kg rice. At what price did he sell the rice?

 A) Rs. 7.46/kg B) Rs. 8/kg C) Rs. 8.74/kg D) Rs. 8.56/kg

Answer & Explanation Answer: B) Rs. 8/kg

Explanation:

Let the selling price of the rice = Rs.P/kg

Now, according to the question,

1040 - 100p = 30p

=> p = 8/kg

Hence, the selling price of the rice = Rs. 8/kg

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9 608
Q:

Manisha went to shop with certain amount, with which she can buy 50 Chacobar or 40 Fivestar. She uses 10% amount for petrol and out of the remaining balance, she purchases 20 Fivestar and some Chacobar. Find the number of Chacobar she can buy?

 A) 20 B) 24 C) 26 D) 28

Answer & Explanation Answer: A) 20

Explanation:

Let the total amount be 200 {L.C.M of 40 and 50}

Chacobar C.P. = 200/50 = 4

Fivestar C.P = 200/40 = 5

Remaining Money after petrol = [200 - 200×10%] = 180

Remaining money after buying fivestars = [180 - 20×5] = 80

So number of Chacobar she can buy = 80/4 = 20

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6 267
Q:

Shamma lends Rs.40,000 to two of her friends. She gives Rs.24,000 to the first at 8% p.a. simple interest. Shamma wants to make a profit of 10% on the whole. The simple interest rate at which she should lend the remaining sum of money to the second friend is:

 A) 13% B) 8.5% C) 9.5% D) 11.25%

Answer & Explanation Answer: A) 13%

Explanation:

The ratio of money she lended is

24000 : 16000 = 3 : 2

Let the rate of interest be R%

8%                   R%

10

3          :           2

R = 13%.

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6 387
Q:

A salesman calculated his profit on the marked price and finds it to be 30%. He forgets the fact that he gave a discount of 20%. What is his actual profit percentage?

 A) 260/11% B) 18.4% C) 22.5% D) 100/7%

Answer & Explanation Answer: D) 100/7%

Explanation:

When profit is calculated on Marked Price (M.P) then,

• C.P = M.P - P%

Let M.P = 100

=> C.P = 100 - 30 = 70

But S.P = Rs. 80 as he gave 20% discount,

Now, Actual Profit = $\frac{80-70}{70}x100$

= 100/7 %

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11 633
Q:

A shopkeeper sold a mobile phone for Rs. 12000. Had he offered discount of 10% on the selling price, there would be a loss of 4%. What is the cost price of that Mobile phone?

 A) Rs. 12,500 B) Rs. 11,250 C) Rs. 12,750 D) Rs. 11,680

Answer & Explanation Answer: B) Rs. 11,250

Explanation:

Given that SP = Rs. 12000 - 10%  = Rs. 10,800

Loss% = 4

We know that, C.P = 100/(100 - Loss%) x 100

=> 100/100-4 x 10800

=> 1080000/96

C.P = Rs. 11,250

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7 1131
Q:

Sreya bought a plot for Rs. 6,00,000,  then sold half of the plot at 10 % profit and rest at 15% profit. What is the total profit % that Sreya gain?

 A) 13.8 % B) 11.4 % C) 12.5 % D) 14.5 %

Answer & Explanation Answer: C) 12.5 %

Explanation:

10% profit at half plot = 600000/2 x 10/100 = Rs. 30,000

15% profit at remaining half plot = 600000/2 x 15/100 = Rs. 45,000

Now, total profit = 30000 + 45000 = 75000

Profit % = 75000/600000 x 100 = 12.5 %

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