The profit earned by selling an article for Rs. 83 | Profit and Loss Questions & Answers

Q:

A bottle is sold at a loss of 9%. Had it sold for Rs. 15 more, a profit of 25/2% would have gained. What is the cost price of the bottle (approx)?

A) Rs. 32	B) Rs. 35
C) Rs. 36	D) Rs. 33

Answer & Explanation Answer: B) Rs. 35

Explanation:

Let the cost price of the bottle = Rs. 100

Selling price of the bottle = Rs. 100 - Rs. 9 = Rs. 91

Then, from the given data,

=> 112 (1/2) - 91 = 15

=> 21 (1/2) = 15

=> 43 = 15

Then 100 = ?

1500/43 = 34.885 =~ 35

Hence, the cost price of the bottle = Rs. 35

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Q:

Selling price of a cellphone is increased by 20%. For this sale is decreased by 30%. Find the effect of total sales?

A) 16%	B) 14.5%
C) 12%	D) 10.5%

Answer & Explanation Answer: A) 16%

Explanation:

Let cost of each cell phone = Rs.100 & Sale = 100 phones.

Money receipt = Rs.(100 x 100) = Rs.10,000

New cost per cellphone = Rs.120 and New sale = 70 phones

New Money Receipt = Rs.(70 x 120) = Rs.8400

Then the effect of sales = decrease in money receipt =

$\frac{1600}{10000} x 100 = 16 %.$

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Q:

'X' sells fruits at 21% profit. If X bought it for 9% less and sold it for Rs.29 less, he would have gained 25%. The cost price of fruits is?

A) Rs. 400	B) Rs. 420
C) Rs. 460	D) Rs. 480

Answer & Explanation Answer: A) Rs. 400

Explanation:

Let the cost price of the fruits be 'C.P'

From the given data, after analysis it can be solved as

(121% of C.P) - (125% of 91% of C.P) = 29

$\frac{121}{100} C . P - \frac{125}{100} x \frac{91}{100} x C . P = 29 (\frac{121}{100} - \frac{125 x 91}{100 x 100}) C . P = 29 (12100 - 125 x 91) C . P = 290000 (12100 - 11375) C . P = 290000 725 C . P = 290000 C . P = 400$

Hence, the cost price of the fruits = Rs. 400.

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Q:

Anil purchases two books for Rs.100. He sells first at loss of 5% and second al 20% profit. If he gets Overall profit of 5% then what is cost of first book?

A) 58	B) 60
C) 55	D) 45

Answer & Explanation Answer: B) 60

Explanation:

-5-----------------------5-------------------20

5-(-5) = 10

20-5= 15

Ratio of cost price of book1 and book2 = 3:2

Then cost price of book 1 is given by

(3/5) x 100 = Rs. 60.

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Q:

A shop keeper sells an article at a loss of 8%, but when he increases the selling price of the article by Rs. 164 he earns a profit of 2.25% on the cost price. If he sells the same article at Rs. 1760, what is his profit percentage?

A) 2.5%	B) 5%
C) 10%	D) 7.5%

Answer & Explanation Answer: C) 10%

Explanation:

According to the given data,

Let Cost price of the article be 'cp'

Then,

102.25 cp - 92 cp = 164 x 100

10.25 cp = 16400

cp = 1600

Now, if he sells at Rs. 1760

Profit = 1760 - 1600 = 160

Profit% = 160/1600 x 100 = 10%.

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Q:

An item is sold at a loss of 10%. Had it sold for Rs. 9 more, a profit of 25/2% would have gained. What is the cost price of the item?

A) Rs. 90	B) Rs. 75
C) Rs. 55	D) Rs. 40

Answer & Explanation Answer: D) Rs. 40

Explanation:

Let the cost price of the item = Rs. 50

Sold at 10% loss => for Rs. 50 loss S.P = Rs. 45

From the given data,

25/2 % gain if it is sold at Rs. 9 more

56.25 - 45 = 9

=> 11.25 = 9

=> 22.5 = 18

=> 45 = 36

=> 50 = ?

=> $C . P = \frac{50 x 36}{45} = 40$

Hence, the Cost price of the item = Rs. 40.

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Q:

The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater than the corresponding cost price by 33.33%, what is the increased selling price?

A) Rs. 380	B) Rs. 420
C) Rs. 460	D) Rs. 440

Answer & Explanation Answer: B) Rs. 420

Explanation:

As given in the question, Marked price is 25% more than the Cost price.

=> C.P of the article = $\frac{3}{4} x 400 = 300$

Now,

Let the original S.P of the article be Rs. P

Now the new S.P = P + $\frac{(16.666 + 13.333)}{300} x P$

=> S.P = $\frac{7 P}{6}$

According to the question,

$\frac{7 P}{6} - 300 = 2 (P - 300)$

=> 5P = 1800

=> P = Rs. 360

Hence, the increased S.P = 360 x 7/6 = Rs. 420.

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Q:

A merchant buys two items for Rs. 7500. One item he sells at a profit of 16% and the other item at 14% loss. In the deal, the merchant makes neither any profit nor any loss. What is the difference between the selling price of both the items?

A) Rs. 620	B) Rs. 654
C) Rs. 725	D) Rs. 747

Answer & Explanation Answer: A) Rs. 620

Explanation:

Let the C.P of one item is Rs. P
and that of other is Rs. (7500 - P)

According to the data given
C.P = S.P
=> Px(116/100) + (7500-P)x(86/100) = 7500
=> 30P = 105000
=> P = 3500

Required difference between selling prices
= Rs. [(3500/100) x 116] - [(4000/100) x 86]
= 4060-3440
= Rs. 620

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A) Rs. 660	B) Rs. 560
C) Rs. 1060	D) Rs. 960

The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit ?

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