Profit and Loss Test Paper 26) A shopkeeper bought a watch for Rs. 1200. At what price should he sell the watch to earn a profit of 25% ?
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. Therefore S.P.=(125) ∗1200 = 1500 Solution 2: Apply formula: Selling Price =(100+Profit%) ∗C.P. 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.
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 =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?
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 =20 ∗100=20%100 Solution 2: Apply formula: 9) After selling 140 apples a fruit seller earns a profit equal to S.P. of 20 apples. His profit percentage is:
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 =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?
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 % Solution 2: Apply formula: Aptitude Profit & Loss Test Paper 1 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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