Aptitude Logical Reasoning Profit and Loss 2021 ACT Part 5
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1. A fruit vendor purchased 20 dozens of bananas at ₹ 15 per dozen. But one-fourth of the bananas were rotten and had to be thrown away. He sold two-third of the remaining bananas at ₹ 22.50 per dozen. At what price per dozen should he sell the remaining bananas to make neither a profit nor a loss?
A. ₹ 20
B. ₹ 15
C. ₹ 22.50
D. ₹ 7.50
E. None of these
Answer: B
2. A shopkeeper sells 20 % of his stock at 10 % profit and sells the remaining at a loss of 5 % . He incurred an overall loss of ₹ 400. Find the total worth of the stock?
A. ₹ 25000
B. ₹ 20000
C. ₹ 15000
D. ₹ 22000
E. None of these
Answer: B
3. After allowing a discount of 15 % on the marked price, the selling price is ₹ 6800 for an article. If it was sold at marked price, there would have been a profit of 60 % . The cost price of the article is?
A. ₹ 6400
B. ₹ 5600
C. ₹ 5000
D. ₹ 4800
E. None of these
Answer: C
4. The value of a machine depreciates at 20 % per annum. If its present value is ₹ 1,50, 000, at what price should it be sold after two years such that a profit of ₹ 24,000 is made?
A. ₹ 1,10, 000
B. ₹ 1,20, 000
C. ₹ 1,24, 000
D. ₹ 1,21, 000
E. None of these
Answer: B
5. A shopkeeper sells 400 metres of cloth for ₹ 18000 at a loss of ₹ 5 per metre. Find his cost price for one metre of cloth?
A. ₹ 45
B. ₹ 40
C. ₹ 35
D. ₹ 50
E. None of these
Answer: D
6. Ravi purchased a refrigerator and a mobile phone for ₹ 15000 and ₹ 8000 respectively. He sold the refrigerator at a loss of 4 percent and the mobile phone at a profit of 10 percent. Overall he make a.
A. loss of ₹ 200
B. loss of ₹ 100
C. profit of ₹ 100
D. profit of ₹ 200
E. None of these
Answer: D
7. Mohit sold an article for ₹ 18000. Had he offered a discount of 10 % on the selling price, he would have earned a profit of 8 % . What is the cost price of the article?
A. ₹ 15000
B. ₹ 16200
C. ₹ 14700
D. ₹ 15900
E. None of these
Answer: A
8. A trader marks his articles 20 % more than the cost price. If he allows 20 % discount, then find his gain or loss percent?
A. No profit No loss
B. 4 % profit
C. 2 % loss
D. 2 % profit
E. None of these
Answer: E
9. An article was sold after a discount of 20 % and there was a gain of 20 % . If the profit made on it was ₹ 6 less than the discount offered on it, find its selling price?
A. ₹ 72
B. ₹ 90
C. ₹ 66
D. ₹ 96
E. None of these
Answer: A
10. Mahesh marks an article 15 % above the cost price of ₹ 540. What must be his discount percentage if he sells it at ₹ 496.80?
A. 18 %
B. 21 %
C. 20 %
D. 19 %
E. None of these
Answer: C