Aptitude Logical Reasoning Profit and Loss 2023 NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc. Part 8
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1. The cash difference between the selling prices of an article at a profit of 4% and 6% is ₹ 3. The ratio of the two selling prices is:
A. 51: 52
B. 52: 53
C. 51: 53
D. 52: 55
Answer: B
2. A person purchases 90 clocks and sells 40 clocks at a gain of 10% and 50 clocks at a gain of 20% . If he sold all of them at a uniform profit of 15% , then he would have got ₹ 40 less. The cost price of each clock is:
A. ₹ 50
B. ₹ 60
C. ₹ 80
D. ₹ 90
Answer: C
3. Albert buys 4 horses and 9 cows for ₹ 13,400. If he sells the horses at 10% profit and the cows at 20% profit, then he earns a total profit of ₹ 1880. The cost of a horse is:
A. ₹ 1000
B. ₹ 2000
C. ₹ 2500
D. ₹ 3000
Answer: B
4. The price of a VCR is marked at ₹ 12,000. If successive discounts of 15% , 10% and 5% be allowed, then at what price does a customer buy it?
A. ₹ 8400
B. ₹ 8721
C. ₹ 8856
D. None of these
Answer: B
5. By selling an umbrella for ₹ 300, a shop keeper gains 20% . During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is:
A. 7
B. 7.5
C. 8
D. 9
Answer: C
6. The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12% ?
A. 37.5%
B. 48%
C. 50.5%
D. 52%
Answer: A
7. A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5% . What would have been the percentage of profit earned if no discount was offered?
A. 24.5
B. 28.5
C. 30
D. Data inadequate
E. None of these
Answer: C
8. A man buys 10 articles for ₹ 8 and Sells them at the rate of ₹ 1.25 per article. His gain is:
A. 20%
B. 50%
C.
D.
Answer: D
9. There would be 10% loss if a toy is said at ₹ 10.80 per piece. At what price should it be sold to earn a profit of 20% ?
A. ₹ 12
B. ₹ 12.96
C. ₹ 14.40
D. None of these
Answer: C
10. There would be 10% loss if rice is sold at ₹ 5.40 per kg. At what price per kg should it be sold to earn a profit of 20%
A. ₹ 6
B. ₹ 6.48
C. ₹ 7.02
D. ₹ 7.20
Answer: D
11. A man sells 320 mangoes at the cost of 400 mangoes. His gain percent is:
A. 10%
B. 15%
C. 20%
D. 25%
Answer: D
12. If books bought at prices ranging from ₹ 200 to ₹ 350 are sold at prices ranging from ₹ 300 to ₹ 425. What is the greatest possible profit that might be made in selling 8 books?
A. ₹ 400
B. ₹ 1800
C. Cannot be determined
D. None of these
Answer: B
13. If I purchased 11 books for ₹ 10 and sold all at the rate of 10 books for ₹ 11, the profit percent
A. 10%
B. 11%
C. 21%
D. 100%
Answer: C
14. A man purchased a watch for ₹ 400 and sold it at a gain of 20% of the selling price. The selling price of the watch is:
A. ₹ 300
B. ₹ 320
C. ₹ 440
D. ₹ 500
Answer: D
15. The C. P of an article is 40% of the S. P. The percent that the S. P is of C. P is:
A. 40
B. 60
C. 240
D. 250
Answer: D