Profit and Loss Test Paper 2

The Correct answer is (C)

Answer with explanation:

C.P. of watch = Rs. 1200

Profit = 25%

S.P. of watch =?

Shopkeeper wants to earn profit of 25% so he has to keep the selling price 125%  (125)of the cost price.
                                                                                                                         100

Therefore S.P.=(125) ∗1200 = 1500
                      100

Solution 2:

Apply formula: Selling Price =(100+Profit%) ∗C.P.
                                                         100
 =(100+25) ∗C.P.
       100
 =125 ∗1200 = 1500
   100

The Correct answer is (A)

Answer with explanation:

Let the marked price be Rs. 100

∴ C.P. = 100 -25 = 75

And, S.P. = 100 + 15 = 115

Profit (S.P. -C.P.) = 115 -75 = 40

Profit % =∗100

The Correct answer is (C)

Answer with explanation:

Let the C.P. of 120 mangoes be Rs. 120

As per question, S.P. of 100 mangoes = Rs. 120

C.P. of 100 mangoes would be = Rs. 100

Profit = (S.P.- C.P.) = 120 -100 = 20

Profit percent = ∗100

Solution 2:

Apply formula:
 =120 - 100∗100=20%
       100

The Correct answer is (B)

Answer with explanation:

Let selling price of 140 apples be Rs. 140

Profit = selling price of 20 apples = Rs. 20

C.P. = S.P. - Profit

= 140 - 20= 120

Profit percent = ∗100

The Correct answer is (A)

Answer with explanation:

Let the cost price of each article be Rs. 1

∴ C.P. of 25 articles = Rs. 25

S.P. of 25 articles = C.P. of 30 articles = Rs. 30

Profit = Profit (S.P. - C.P.) = 30 -25 = 5

Profit % = ∗100 = 20 %
   25

Solution 2:

Apply formula: 
 =30-25 ∗100=20%
     25