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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:

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 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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Q:

A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was

A) Rs 100	B) Rs 150
C) Rs 200	D) Rs 250

Answer & Explanation Answer: C) Rs 200

Explanation:

Let original Cost price is x
Its Selling price = (105/100) * x = 21x/20
New Cost price = (95/100) * x = 19x/20
New Selling price = (110/100 )* (19x/20 )= 209x/200
[(21x/20) - (209x/200)] = 1
=> x = 200

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Q:

If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?

A) 12%	B) 30%
C) 50%	D) 60%

Answer & Explanation Answer: C) 50%

Explanation:

Friends, we know we will need gain amount to get gain percent, right. So lets get gain first.

Let the cost price of 1 pen is Re 1

Cost of 8 pens = Rs 8

Selling price of 8 pens = 12

Gain = 12 - 8 = 4

Gain% = $(\frac{g a i n}{\cos t} \times 100)$ % = $(\frac{4}{8} \times 100)$ % = 50%

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Q:

A shopkeeper expects a gain of 45/2 % on his C.P. If his sale was Rs. 392, then find his profit.

A) Rs. 70	B) Rs. 72
C) Rs. 74	D) Rs. 76

Answer & Explanation Answer: B) Rs. 72

Explanation:

We Know, $S . P = (\frac{100 + g a i n p e r c e n t}{100} \times C . P)$

$\Rightarrow C . P = \frac{100}{122.50} \times 392$

Profit = 392−320 = Rs72

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