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Profit & Loss Quiz For Upcoming Exams answers

Solutions

Q1 Option C

Let the new S.P. be x, then.

(100 – loss%):(1st S.P.) = (100 + gain%):(2nd S.P.)

Therefore,

i.e x = 1260

 

Q2. Option C

Whenever we get this type of question, we should have formula in mind that,

Gain% = (gain/cost)*100

 

Cost = 4700 + 800 = Rs. 5500

S.P. = Rs. 5800

 

Profit = 5800 – 5500 = 300

Q3. Option B

Q4. Option C

So before solving this question we will get the C.P. and S.P. of 1 article to get the gain percent.

C.P. of 1 orange = 350/100 = Rs 3.50
S.P. of one orange = 48/12 = Rs 4 [note: divided by 12 as 1 dozen contains 12 items] Gain = 4 – 3.50 = Rs 0.50

Q5.Option B

Let the cost price = Rs 100

then, Marked price = Rs 135

Required gain = 8%,

So Selling price = Rs 108

Discount = 135 – 108 = 27

Discount% = (27/135)*100 = 20%

Q6. Option C

As question states that rate was of pair of articles,

So rate of One article = 37.40/2 = Rs. 18.70

Let Marked price = Rs X

then 85% of X = 18.70

therefore, X = 1870/85 = 22

Q7. Option C

Let the S.P = 100

then C.P. = 25

Profit = 75

Profit% = 75/25 * 100 = 3005

Q8. Option C

Let the cost price of 1 pen is Re 1

Cost of 8 pens = Rs 8

Selling price of 8 pens = 12

Gain = 12 – 8 = 4

Q9. Option D

Let the Cost Price of one article = Rs. 1

CP of x articles = Rs. x

CP of 20 articles = 20

Selling price of x articles = 20

Profit = 25% [Given]

Q10. Option B

Let the cost of Production = Rs. P

Then, as per question,

Therefore, P = 800

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