Profit and Loss Test Paper 311) A man earns a profit of 20% on selling price. Find the profit percent on the cost price.
Answer: B Answer with the explanation: Let the selling price is 100 Solution 1: Hence, (20/80) * 100 = 25% Solution 2: 12) The owner of the cell phone shop charges 23% more than the cost price. If a customer paid 7011 for a cell phone, find the cost price of the cell phone.
Answer: C Explanation: Solution 1: Let the cost price = 100 If the selling price is 123 the cost price is 100. Solution 2: Let a number x to compare the assumed selling price and actual selling price. That means if we multiply the assumed value with 57, we get the original selling price. 13) The profit percent gained if an object is sold at Rs 464 is equals to the loss percent when the object is sold at Rs 436. Find the cost price of this object?
Answer: C Explanation: Apply formula: Profit = selling price  cost price ATQ, Selling price in case of profit is 464 And the loss % = profit % So, cost price  selling price = selling price  cost price x 436 = 464  x 14) A shopkeeper sells an article for Rs 78 and earns double the profit that he would have earned on selling this article for Rs 69. Find the C.P of this article.
Answer: D Explanation: Apply formula: Profit = S.P  C.P ATQ, the shopkeeper earns the double profit that he would have earned had he sold it for Rs 69. Profit% = 2 (profit %) S.P  C.P = 2* (S.P  C.P) Let C.P = x 78  x = 2 * (69  x) Hence, the cost price of the article = 60. 15) By selling an object for Rs 900, a man earns a profit that is double the loss incurred when the object is sold for Rs 450. If he sells it at a profit of 20%, find the selling price of this object.
Answer: D Explanation: Apply formula: Profit = selling price  cost price ATQ, Man earns a profit that is double the loss incurred when the object is sold for Rs 450. Profit% = 2 (loss %) S.P  C.P = 2* (C.P  S.P) Let C.P = x 900  x = 2* ( x 450) To calculate S.P apply the formula: S.P = [(100 + profit %) / 100] * C.P S.P = [(100+20)/ 100] * 600 Aptitude Profit & Loss Test Paper 1 Aptitude Profit & Loss Test Paper 2 Aptitude Profit & Loss Test Paper 4 Aptitude Profit & Loss Test Paper 5 Profit & Loss Concepts
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