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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) 70%	B) 80%
C) 90%	D) None of above

Answer & Explanation Answer: A) 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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Q:

If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265

A) Rs. 750	B) Rs. 800
C) Rs. 850	D) Rs. 900

Answer & Explanation Answer: B) Rs. 800

Explanation:

Let the cost of Production = Rs. P

Then, as per question,

$\Rightarrow (\frac{125}{100} \times \frac{115}{100} \times \frac{110}{100} \times P)$ =1265

=> P=800

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Q:

A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

A) 18%	B) 20%
C) 22%	D) 24%

Answer & Explanation Answer: B) 20%

Explanation:

Let the cost price = Rs 100
then, Marked price = Rs 135

Required gain = 8%,
So Selling price = Rs 108
Discount = 135 - 108 = 27

Discount% = (27/135)*100 = 20%

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Q:

A dealer sold two of his cattle for Rs. 500 each. On one of them he lost 10% on the other, he gained 10%. His gain or loss percent in the entire transaction was:

A) 10% loss	B) 1% loss
C) 1% gain	D) Neither loss nor profit

Answer & Explanation Answer: B) 1% loss

Explanation:

Loss%= (common gain or loss % / 10)² = (10/10)² % = 1%.

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Q:

If books bought at prices ranging from Rs 200 to Rs 350 are sold at prices ranging from Rs 300 to Rs 425, what is the greatest possibleprofit that might be made in selling eight books.

A) 800	B) 1200
C) 1600	D) 1800

Answer & Explanation Answer: D) 1800

Explanation:

least cost price = 200*8 = 1600
greatest sold price = 425 * 8 = 3400
profit required = 3400- 1600 = 1800

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Q:

By selling 45 lemons for Rs 40, a man loses 20%. How many should he sell for Rs 24 to gain 20% in the transaction ?

A) 16	B) 18
C) 20	D) 22

Answer & Explanation Answer: B) 18

Explanation:

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

Then, 80 : 40 = 120 : x or x = $\frac{40 \times 120}{80}$ = 60

For Rs.60, lemons sold = 45

For Rs.24, lemons sold = $\frac{45}{60} \times 24$ = 18.

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Q:

By mixing two qualities of pulses in the ratio 2: 3 and selling the mixture at the rate of Rs 22 per kilogram, a shopkeeper makes a profit of 10 %. If the cost of the smaller quantity be Rs 14 per kg, the cost per kg of the larger quantity is:

A) Rs 23	B) Rs 25
C) Rs 24	D) Nonof these

Answer & Explanation Answer: C) Rs 24

Explanation:

Cost Price of 5 kg = Rs.(14*2 + x*3) = (28 + 3x).

Sell price of 5 kg = Rs. (22x5) = Rs. 110.

[{110 - (28 + 3x)}/(28 + 3x) ]* 100 =10

[82-3x/28 + 3x]= 1 / 10

820 - 30x = 28 +3x

33x = 792

x = 24

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Q:

The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs 3. The ratio of two selling prices is

A) 51:52	B) 52:53
C) 53:54	D) 54:55

Answer & Explanation Answer: B) 52:53

Explanation:

Let the Cost price of article is Rs. x

Required ratio = (104% of x) / (106% of x)

=104/106

=52/53 = 52:53

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