Friday 11 November 2016

Some important model questions on Profit and loss

1. In a shop, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, find out approximately what percentage of the selling price is the profit? 

A. 250%         B. 100%

C. 70%          D. 30%



2. A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%? 

A. 3               B. 4

C. 5               D. 6



3. A man buys a scooter for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the scooter? 

 A. Rs. 1240             B. Rs. 1190

C. Rs. 1090              D. Rs. 1130



4. On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. What is the cost price of a ball?

A. Rs. 43                  B. Rs. 60

C. Rs. 55                 D. Rs. 34



5. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. What is his profit percentage?

 A. 6%                    B. 5%

 C. 4%                    D. 7%



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