## Profit and Loss Test Paper 521) The marked price of a radio is Rs 480. The owner allows a discount of 10% and still earns the profit of 8%. If no discount is allowed, find his gain percent? - 25%
- 12%
- 15%
- 20%
Marked price= 480 And the profit is 8%.
C.P = (100/ (100 + p %))* S.P C.P = (100/108) * 432 If the discount is not allowed: S.P = Marked price = 480, and C.P = 400
P% = (Profit/C.P) * 100 So, gain % = ((480-400)/ 400) * 100 22) 5% more is gained by selling a cow for Rs 1010 than by selling it for Rs 1000. What is the C.P of the cow? - Rs 100
- Rs 150
- Rs 200
- Rs 250
ATQ, the difference between profit % = 5
C.P = (100* Difference between S.P)/ (% difference in profit) Hence, the C.P = (100 * 10)/ 5 = 200. The difference between profit = 5% i.e., P2 % - P1% = 5.................................................... (i)
P% = (Profit/C.P) * 100 And profit = S.P - C.P. Now according to equation (i) ((S.P 2- x)/ x)*100 - ((S.P 1- x)/ x)*100 = 5 ((1010- x)/ x)*100 - ((1000- x)/ x)*100 = 5 Or, take (100/x) as common from the whole equation. i.e., (100/x) [(1010-x) - (1000-x)] = 5 (100/x) [1010 - x - 1000 + x] = 5 Or, (100/x) * 10 = 5 Or, 5x = 1000 23) A dishonest milkman sells milk at cost price, but he mixes water and earns 16(2/3) % profit. Find the ratio of mixture and milk in the mixture. - 7: 5
- 7: 6
- 7: 7
- 7: 8
Let C.P of 1-litre milk = 10 Mixture is sold on C.P The profit = S.P- C.P = (10x + 10y) - 10x Or, y/x = (50/3)*(1/100)
16(2/3) % profit = (50/3)*(1/100) = 1/6 24) Ayaan bought 30 kg of rice at the rate of Rs 9.50/ kg and 40 kg rice at the rate of Rs 8.50/kg and mixed them. He sold the mixture at the rate of Rs. 8.90/kg. Find his total profit or loss in the transaction. - Rs 2 loss
- Rs 5 profit
- Rs 2 profit
- Rs 7 loss
The total cost price = 30* 9.5 + 40* 8.5 = 625
25) If a retail seller buys 30 pencils at the marked price of 27 pens, find the profit percent. - 11(1/9)%
- 9(1/11)%
- 10%
- 20%
ATQ, if the retailer seller purchase 27 pens, he have gained 3 pens extra P% = (profit/C.P) * 100 P% = (3/27) * 100 = 100/9 So, the Profit % = 11(1/9) %. Aptitude Profit & Loss Test Paper 1 Aptitude Profit & Loss Test Paper 2 Aptitude Profit & Loss Test Paper 3 Aptitude Profit & Loss Test Paper 4 Profit & Loss Concepts |