educationalera

  • Increase font size
  • Default font size
  • Decrease font size

Profit and Loss Objective questions and answer

AddThis Social Bookmark Button

1.) An article is sold at certain price. By selling it at 2/3 of its price one losses 10%, find the gain at original price?

A.      42%                       B. 57%

C.      68%                       D. None of these

View Answer

Answer: Option D

Explanation:

Let the original s.p be Rs x. then now S.P=Rs 2x/3, loss=10%

Now C.P=Rs 20x/27 * 27/20x * 100)% = 35%

 


2.)  A tradesman sold an article at a loss of 20%.if the selling price has been increased by Rs100, there would have been a gain of 5%.what was the cost price of the article?

A.      290                         B. 350

C.       400                        D. None of these

View Answer

Answer: Option C

Explanation:

Let C.P be Rs x. then (105% of x)-(80 % of x) =100 or 25% of x=100

--->> x/4 = 100 or x=400

---->> so, C.P = Rs 400

 


3.)  A man sells an article at a profit of 25%if he had bought it 20% less and sold it for Rs 10.50 less, he would have gained 30%find the cost price of the article.

A.       42                          B. 57

C.       50                          D. None of these

View Answer

Answer: Option C

Explanation:

Let the C.P be Rs x

1st S.P=125% of x =125x/100=5x/4; 2nd S.P=80% of x=80x/100=4x/5

2nd S.P=130% of 4x/5= (130/100*4x/5) =26x/25

=> 5x/4-26x/25=10.50

=> x= (10.50*100)/21=50

Hence C.P= Rs.50


4.) A man 2 flats for Rs 675958 each on one he gains 16% while on the other he losses 16%. How much does he gain/loss in the whole transaction?

A.     2.56 %                     B. 7.18%

C.      11.40%                   D. None of these

View Answer

Answer: Option A

Explanation:

In this case there will be always loss. The selling price is immaterial

Hence, loss % = (common loss and gain %) 2 /10= (16/10) %=( 64/25) %=2.56%


 5.) A man bought a horse and a car ridge for Rs 3000. He sold the horse at a gain of 20% and the carriage at a loss of 10%, thereby gaining 2% on the whole. Find the cost of the horse.

A.       42.60 %                       B. 57.18%

C.       68.40%                        D. None of these

View Answer

Answer: Option A

Explanation:

Let the C.P of the horse be Rs. x, then C.P of the carriage =Rs (3000-x)

20% of x-10% of (3000-x) =2% of 3000

==> x/5-(3000-x)/10=60=.2x-3000+x=600=.3x+3600=>x=1200

==> hence, C.P of the horse =Rs 1200


 
  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  Next 
  •  End 
  • »
JPAGE_CURRENT_OF_TOTAL


Oracle Certification

oracle_logo

The Oracle Certification Program is a professional certification program offered by the Oracle Corporation. There are three levels of Oracle Certification in several disciplines: Oracle Certified Associate (OCA), Oracle Certified Professional (OCP), and Oracle Certified Master (OCM).

Java Certification

java_logo

Sun Certified Professional (SCP) is a professional certification program by Sun Microsystems, a subsidiary of Oracle Corporation. There are two levels of java Certification in several disciplines: Sun Certified Java Associate (SCJA), Sun Certified Java Programmer (SCJP), and Sun Certified Java Developer (SCJD)

Red Hat Certification

red_hat_logo

The Red Hat Certification Program is Red Hat's professional certification program for Red Hat and general Linux related skills such as system administration on Red Hat Enterprise Linux Red Hat Certified Technician (RHCT)  and Red Hat Certified Engineer (RHCE)