# Profit and Loss Test Paper 2

6) A shopkeeper bought a watch for Rs. 1200. At what price should he sell the watch to earn a profit of 25% ?

1. Rs. 1400
2. Rs. 1450
3. Rs. 1500
4. Rs. 1550

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

7) Mohan bought an article at 25% less of the marked price and sold it at 15% more than the marked price. Find the profit earned by him.

1. 53.3 %
2. 55%
3. 57.3%
4. 52.3 %

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

=40∗100=53.3%
75

8) If the cost price of 120 mangoes is equal to the selling price of 100 mangoes, what is the profit percent in this transaction?

1. 15%
2. 17%
3. 20%
4. 21%

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

=20 ∗100=20%
100

Solution 2:

Apply formula: =120 - 100∗100=20%
100

9) After selling 140 apples a fruit seller earns a profit equal to S.P. of 20 apples. His profit percentage is:

1. 15.7%
2. 16.7%
3. 18.7%
4. 20%

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

=20∗100=16.7%
120

10) The cost price of 30 articles is equal to the selling price of 25 articles. What is the profit percentage in this transaction?

1. 20%
2. 18%
3. 15%
4. 13%

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

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Profit & Loss Concepts

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