Profit and Loss


  1. A trader makes a profit equal to the selling price of 75 articles when he sold 100 of the articles. What % profit did he make in the transaction?









  1. View Hint View Answer Discuss in Forum

    Let the selling price of each article be Rs. 1. Then, selling price of 100 articles= Rs. 100, profit on selling 100 articles= Rs. 75, and cost of 100 articles=100-75 = Rs.25

    Correct Option: C

    Let the selling price of each article be Rs. 1. Then, selling price of 100 articles= Rs. 100, profit on selling 100 articles= Rs. 75, and cost of 100 articles=100-75=Rs.25
    Therefore, profit percentage=(75 / 25) x 100=300%


  1. The cost of 2 tables is equal to the cost of 5 chairs. If the difference of the cost of one table and one chair is Rs. 1200, then the cost of one chair is ?









  1. View Hint View Answer Discuss in Forum

    Let the cost of the table be Rs. x and the cost of the chair = Rs. y

    From 1st condition,
    2x = 5y

    From 2nd condition
    x - y = 1200

    Correct Option: C

    Let the cost of the table be Rs. x and the cost of the chair = Rs. y

    From 1st condition,
    2x = 5y
    ⇒ x= 5y/2

    From 2nd condition
    x - y = 1200
    ⇒ (5y / 2) - y = 1200
    3y / 2 = 1200
    y = Rs. 800



  1. If the cost of 1/4th of kg is Rs. 0.60, then what is the cost of 200 gm ?









  1. View Hint View Answer Discuss in Forum

    ∴ 1 kg = 1000 grams
    ∴ 1/4 kg = 1000x1/4 = 250grms

    Correct Option: B

    1 kg = 1000 grams
    ∴ 1/4 kg = 1000 / 4 = 250 grams
    Now Cost for 200 grams = (200 / 250 ) x 60 paise
    = 48 paise


  1. Cost of 1/4 dozen of bananas is Rs. 2.35, then what is the approximate cost of 42 dozen of bananas ?









  1. View Hint View Answer Discuss in Forum

    ∵ 1 dozen = 12
    ⇒ 1/4 dozen = 1/4 x 12 = 3
    ∵ Cost of 3 bananas = Rs. 2.35
    ⇒ Cost of 1 banana = Rs. 2.35/3

    Correct Option: D

    ∵ 1 dozen = 12
    ⇒ 1/4 dozen = 1/4 x 12 = 3
    ∵ Cost of 3 bananas = Rs. 2.35
    ⇒ Cost of 1 banana = Rs. 2.35/3
    ∴ Cost of 42 x 12 bananas = (2.35 x 42 x 12 ) / 3
    = Rs. 394.80
    = Rs. 400 (Approximately)



  1. Cost of 7000 bricks is Rs. 5740. cost of luggage to carry the bricks to the building place is Rs. 805. What is the cost at per thousand bricks ?









  1. View Hint View Answer Discuss in Forum

    ∵ Total cost of 7000 bricks = 5740 + 805 = Rs. 6545
    ⇒ Total cost of 1 brick = Rs. 6545/7000

    Correct Option: C

    ∵ Total cost of 7000 bricks = 5740 + 805 = Rs. 6545
    ⇒ Total cost of 1 brick = Rs. 6545/7000

    ∴ Total cost of 1000 bricks = (6545 / 7000) x 1000
    = Rs. 935