47
Q:

Cost of 3 cricket balls = cost of 2 pairs of leg pads. 

Cost of 3 pairs of leg pads = cost of 2 pairs of gloves.

Cost of 3 pairs of gloves = cost of 2 cricket bats.

If a cricket bat costs Rs 54, what is the cost of a cricket ball. 

A) Rs 12 B) Rs 16
C) Rs 14 D) Rs 18

Answer:   B) Rs 16



Explanation:

3 pairs of gloves = 2 x 54 = 108 ; 1 pairs of gloves = 36
3 pairs of leg pads = 2 x 36 = 1 pairs of leg pads = 24
3 cricket balls = 2 x 24 = 48
cost of 1 cricket ball = 16;

Subject: Profit and Loss
Q:

A shopkeeper who deals in books sold a book at 16% loss. Had she charged an additional Rs.60 while selling it , her profit would have been 14%. Find the cost price, in rupees, of the book ?

A) Rs. 185 B) Rs. 154
C) Rs. 200 D) Rs. 177
 
Answer & Explanation Answer: C) Rs. 200

Explanation:

Let the C.P be 'x'
Then, the selling price S.P = x - 16x/100
= 84x/100 = 21x/25
Now, if the S.P is 60 more, then the profit is 14%
=> 21x/25 + 60 = x + 14x/100
=> 114x/100 - 21x/25 = 60
=> (57 - 42)x/50 = 60
=> 15x/50 = 60
x = 3000/15 = 200

Therefore, the Cost price C.P = x = Rs. 200

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9 9383
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 & Explanation 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)

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2 3676
Q:

If selling price is doubled, the profit triples. Find the profit percent ?

A) 100% B) 200%
C) 300% D) 400%
 
Answer & Explanation Answer: A) 100%

Explanation:

Let the C.P be Rs.100 and S.P be Rs.x, Then
The profit is (x-100)
Now the S.P is doubled, then the new S.P is 2x
New profit is (2x-100)
Now as per the given condition;
=> 3(x-100) = 2x-100
By solving, we get
x = 200
Then the Profit percent = (200-100)/100 = 100
Hence the profit percentage is 100%

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682 138399
Q:

Arun is a cashew merchant in Telangana. He has cashews in sealed wooden boxes of 10kg each. The price of the cashew increases by Rs.20 per kg for every year, but at the same time, 10% of the cashews are eaten by rodents every year. If the price of a 1 kg of fresh cashew is Rs.120, what is the change in his profits if he sells a sealed box after one year of storage, rather than selling it fresh ? (In Rs.)

A) Rs. 60 B) Rs. 54
C) Rs. 80 D) Rs. 75
 
Answer & Explanation Answer: A) Rs. 60

Explanation:

Price of 1kg fresh cashew = Rs.120
Therefore, price of 10kg = Rs.120 x 10 = Rs.1200

10% of 10kg which eaten by rodents = 10 x 10/100 = 1kg.

So, End of Year he had 10kg - 1kg = 9kg

So, he sells that 9kg with Rs.20 per kg profit = 9 x 140 = 1260.

He buy 10kg wooden box with cashew for Rs.1200 and sell that for Rs. 1260

So, profit = 1260 - 1200 = Rs.60 more money he get.

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3 3185
Q:

In a scheme, a pack of three soaps with MRP Rs.45 is available for Rs.42. If it still gives a profit of 5% to the shopkeeper, then the cost price of the pack is ?

A) 38 B) 39
C) 40 D) 41
 
Answer & Explanation Answer: C) 40

Explanation:

Given M.P=45,S.P=42, Profit = 0.05

Let C.P=x , Then

Profit = (42-x)/x = 0.05
=> x = 40.

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57 28239
Q:

A wholesale dealer allows a discount of 20 % on the marked price to the retailer. The retailer sells at 5% below the marked price. If the customer pays Rs.19 for an article, what profit is made by the retailer on it ?

A) Rs. 4 B) Rs. 3
C) Rs. 5 D) Rs. 1
 
Answer & Explanation Answer: B) Rs. 3

Explanation:

Let wholesaler dealers marked price = 100%, Retailer's C.P = 80%
And the retailer sells at 5% less than the marked price => S.P = 95%
If S.P of 95% of the retailer costs Rs.19 to customer,so its C.P of 80% will cost 80 x 19/95 = 16
Profit made by the retailer = 19-16 =  Rs.3

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11 8539
Q:

A supplier supplies cartridges to a news paper publishing house. He earns a profit of 25% by selling cartridges for Rs. 1540. Find the cost price of the Cartridges ?

A) Rs. 1100 B) Rs. 1793.4
C) Rs. 1440 D) Rs. 1232
 
Answer & Explanation Answer: D) Rs. 1232

Explanation:

Let Cost Price(C.P) = P
gain% = {(S.P-C.P)/C.P} x 100
25 = {(1540-P)/P} x 100
25/100 = (1540-P)/P
=> P = 4(1540)-4P
=> 5P = 4(1540)
=> P = 1232
So, Cost Price = Rs. 1232

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11 7353
Q:

Every year before the festive season, a brand store increases the price of the product by 42% and then introduce two successive discount of 10% and 11% respectively. What is percentage loss and percentage gain ?

A) 3.25% loss B) 13.742% loss
C) 3.25% gain D) 13.742% gain
 
Answer & Explanation Answer: D) 13.742% gain

Explanation:

Let CP = 100,
42 % increase => SP = 142
10 % discount in SP => ((142 x 10)/100) = 14.2
So 1st SP = (142 - 14.2) = 127.8, again 12 % discount in 1st SP ((127.8 x 11)/100) = 14.058
2nd SP = (127.8 - 14.058) = 113.742,
So finally CP = 100, SP = 113.742, => gain = 13.742%.

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11 6723