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Profit & Loss Level 3 (1 - 50 Questions)
Q1–10 of 50
1

Mithilesh makes 750 articles at a cost of 60 paise per article. He fixes the selling price such that if only 600 articles are sold, he would have made a profit of 40% on the outlay. However, 120 articles got spoilt and he was able to sell 630 articles at this price. Find his actual profit percent as a percentage of total outlay assuming that the unsold articles are useless.

Correct Answer: (c) 47%
Explanation: No explanation available.
2

A manufacturer estimates that on inspection 12% of the articles he produces will be rejected. He accepts an order to supply 22,000 articles at ₹7.50 each. He estimates the profit on his outlay including the manufacturing of rejected articles to be 20%. Find the cost of manufacturing each article.

Correct Answer: b) 53%
Explanation:


3

The cost of setting up the type of a magazine is ₹1000. The cost of running the printing machine is ₹120 per 100 copies. The cost of paper, ink and so on is 60 paise per copy. The magazines are sold at ₹2.75 each. 900 copies are printed but only 784 copies are sold. What is the sum to be obtained from advertisements to give a profit of 10% on the cost? 

Correct Answer: (c) Rs 726
Explanation: No explanation available.
4

A tradesman fixed his selling price of goods at 30% above the cost price. He sells half the stock at this price, one‑quarter of his stock at a discount of 15% on the original selling price and the rest at a discount of 30% on the original selling price. Find the gain percent altogether.

Correct Answer: (d) 16.375%
Explanation: No explanation available.
5

A tradesman marks an article at ₹\(205\) more than the cost price. He allows a discount of \(10\%\) on the marked price. Find the profit percent if the cost price is \(x\).

A. \( \dfrac{x}{18450}-10 \)   B. \( \dfrac{18450}{x}-10x \)   C. \( \dfrac{x}{18450}-100 \)   D. \( \dfrac{18450}{x}-100 \)

Correct Answer: b
Explanation: No explanation available.
6

Hy goes to a shop to purchase a doll priced at ₹400. She is offered four discount options by the shopkeeper. Which option should she opt for to gain maximum advantage?

Correct Answer: (a) Single discount of 30%
Explanation: No explanation available.
7

A dishonest dealer marks up the price of his goods by 20% and gives a discount of 10% to the customer. He also uses a 900‑gram weight instead of a 1‑kilogram weight. Find his percentage profit.

Correct Answer: (c) 20%
Explanation: No explanation available.
8

A dishonest dealer marks up the price of his goods by 20% and gives a discount of 10% to the customer. Besides, he also cheats both his supplier and his buyer by 100 grams while buying or selling 1 kilogram. Find the percentage profit earned by the shopkeeper.

Correct Answer: (c) 32%
Explanation: No explanation available.
9

For Question 8, if it is known that the shopkeeper takes a discount of 10% from his supplier and he disregards this discount while marking up, find the percentage profit if there is no other change.

Correct Answer: (d) No profit no loss
Explanation: No explanation available.
10

Cheap and Best, a kirana shop, bought some apples at 4 per rupee and an equal number at 5 per rupee. He then sold the entire quantity at 9 for 2 rupees. What is his percentage profit or loss?

Correct Answer: (a) 44%
Explanation: No explanation available.
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