Profit and Loss Questions for SSC, Bank, UPSC, TNPSC Exams - 2
Question: 6
A man bought apples at the rate of 8 for Rs.34 and sold them at the rate of 12 for Rs.57. How many apples should be sold to earn a net profit of Rs.45?
(A) 70
(B) 90
(C) 100
(D) 135
Ans: B
C.P. of 1 apple = Rs. $$({34}/{8})$$ = Rs. 4.25
S.P. of 1 apple = Rs. $$({57}/{12})$$ = Rs. 4.75
Profit on each apple = Rs. 0.50.
∴ Number of apples required = $$({45}/{0.50})$$ = 90.
Question: 7
Ronit and Vinit purchased a scooter for Rs. 25000 and sold the same for Rs.26250. If at the time of purchase Ronit paid $$1{1}/{2}$$ times as much as Vinit, how much did Vinit receive out of profit?
(A) Rs. 400
(B) Rs. 500
(C) Rs. 600
(D) Rs. 700
Ans: B
Ratio of profit = Ratio of investments = $${3} / {2}$$ : 1 = 3 : 2.
Profit = Rs. (26250 - 25000) = Rs. 1250.
∴ Vinit’s share = Rs. $$({2} / {5} × 1250)$$ = Rs. 500.
Question: 8
A fruit seller buts lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is
(A) 10
(B) 15
(C) 20
(D) 25
Ans: C
Suppose number of lemons bought = L.C.M. of 2 and 5 = 10.
C.P. of 10 lemons = Rs. $$({1}/{2} × 10)$$ = Rs. 5.
S.P. of 10 lemons = Rs. $$({3}/{5} × 10)$$ = Rs. 6.
∴ Profit% = $$({1}/{5} × 100)$$% = 20%.
Question: 9
A milkman cheats his customer in two ways. He mixes 10% water in pure milk and increases the price of milk by 10%. He purchases 20 kg pure milk at a rate of Rs.15 per kg. His total profit by selling it is
(A) Rs. 40
(B) Rs. 50
(C) Rs. 60
(D) Rs. 63
Ans: D
C.P. of 20 kg milk = Rs. (20 × 15) = Rs. 300.
Quantity of water added = 10% of 20 kg = 2 kg.
S.P. of 1 kg mixture = 110% of 15 = Rs. 16.50.
S.P. of 22 kg mixture = Rs. (22 × 16.50) = Rs. 363.
∴ Profit = Rs. (363 - 300) = Rs. 63.
Question: 10
A T-shirt bought for Rs.50 is marked at 8 percent profit and then sold at a percent sales discount on marked price. What is the selling price of the T-shirt?
(A) Rs. 48
(B) Rs. 48.60
(C) Rs. 50
(D) Rs. 52
Ans: B
C.P. = Rs. 50.
M.P = 108% of 50 = Rs. $$({108}/{100} × 50)$$ = Rs. 54.
Discount = 10% of Rs. 54 = Rs. 5.40.
∴ S.P. = Rs. (54 - 5.40) = Rs. 48.60.
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