Profit and Loss Test Paper 11) A shopkeeper sold an article for Rs. 2500. If the cost price of the article is 2000, find the profit percent.
The Correct answer is (B) Answer with explanation: C.P. = Rs. 2000 S.P. = Rs. 2500 Profit or Gain = S.P. C.P. = 2500  2000 = 500 Apply formula: Profit % =Profit ∗100 2) A man purchases a TV for Rs. 8000 and sells it at 10% loss. What is the selling price of T.V?
The Correct answer is (A) Answer with explanation: C.P. of the TV = Rs. 8000 S.P. of the TV =? Loss incurred = 10% Apply formula: Selling Price =* C.P. Therefore, S.P. =* 8000 = * 8000 = 7200 3) Ramesh bought a chair for Rs. 1540 and sold it to Suresh. If Ramesh earned a profit of 25%, find the selling price of chair.
The Correct answer is (C) Answer with explanation: C.P. of the chair = Rs. 1540 S.P. of the chair =? Profit earned = 25% Apply formula: Selling Price =(100+Profit%) ∗C.P. Therefore, S.P. =(100+25) ∗1540 =1925 4) A shopkeeper purchases a table and sells it for Rs. 4200. If he incurs a loss of 20%, find the cost price of table.
The Correct answer is (A) Answer with explanation: S.P. of the table = Rs. 4200 C.P. of the table =? Loss incurred = 20% Apply formula: Cost Price =∗ S.P. C.P. =∗4200 =100 ∗4200 = 5250 5) Suresh bought a cell phone from a shop. If he sells it at Rs. 8400 to Mahesh and earns a profit of 12%, find the price at which Suresh bought the cell phone.
The Correct answer is (D) Answer with explanation: S.P of the cell phone = Rs. 8400 C.P. of the cell phone =? Profit earned = 12 % Apply formula: Cost Price =∗S.P. Therefore, C.P. =∗8400 =100 ∗8400 = 7500112 Aptitude Profit & Loss Test Paper 2 Aptitude Profit & Loss Test Paper 3 Aptitude Profit & Loss Test Paper 4 Aptitude Profit & Loss Test Paper 5 Profit & Loss Concepts
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