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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 β‚Ή7.50 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 β‚Ή1000. The cost of running the printing machine is β‚Ή120 per 100 copies. The cost of paper, ink and so on is 60 paise per copy. The magazines are sold at β‚Ή2.75 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?Β 

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 β‚Ή\(205\) 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 β‚Ή400. 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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