# Profit and Loss Questions Answers

• #### 22. A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%

1. Rs 8.81
2. Rs 9.81
3. Rs 10.81
4. Rs 11.81
##### Answer And Explanation

Explanation:

85 : 9 = 105 : x
x= (9×105/85)
= Rs 11.81

• #### 23. If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265

1. Rs. 750
2. Rs. 800
3. Rs. 850
4. Rs. 900
##### Answer And Explanation

Explanation:

Let the cost of Production = Rs. P
Then, as per question,

\begin{aligned}
=> \left( \frac{125}{100} *\frac{115}{100}*\frac{110}{100} * P \right) = 1265\\
=> \frac{253}{160}P = 1265 \\
=> P = 800
\end{aligned}

• #### 24. A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is

1. 12%
2. 13%
3. 14%
4. 15%
##### Answer And Explanation

Explanation:

Suppose he bought 5 kg and 3 kg of tea.
Cost Price = Rs. (5 x 18 + 3 x 20) = Rs. 150.
Selling price = Rs. (8 x 21) = Rs. 168.
Profit = 168 - 150 = 18

So, Profit % = (18/150) * 100 = 12%

• #### 25. A material is purchased for Rs. 600. If one fourth of the material is sold at a loss of 20% and the remaining at a gain of 10%, Find out the overall gain or loss percentage

1. \begin{aligned} 4\frac{1}{2} \end{aligned}
2. \begin{aligned} 3\frac{1}{2} \end{aligned}
3. \begin{aligned} 2\frac{1}{2} \end{aligned}
4. \begin{aligned} 1\frac{1}{2} \end{aligned}
##### Answer And Explanation

Explanation:

We need to get the Total selling price to solve this question. Because after getting selling price we can get profit or loss, then we can calculate profit% or loss%

So lets solve this:

Price Received by selling one fourth of the material at a loss of 20% =
(1/4) * 600 * (80/100) = Rs. 120

Price Received by remaining material at a gain of 10% =
(3/4) * 600 * (110/100) = Rs. 495 [Note: 1-(1/4) = 3/4]

Total Selling Price = 120 + 465 = Rs. 615

Profit = 615 - 600 = 15

\begin{aligned}
Profit\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{15}{600} * 100 \right)\% \\
= \frac{5}{2}\% = 2\frac{1}{2}\%
\end{aligned}

• #### 26. A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400

1. 4%
2. 5%
3. 6%
4. 7%
##### Answer And Explanation

Explanation:

Gain % = (164.36*100/2400) = 6.84 % = 7% approx

• #### 27. A shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is.

1. 20%
2. 21%
3. 22%
4. 23%
##### Answer And Explanation

Explanation:

\begin{aligned}
Gain\% = \\ \left( \frac{(100 + \text{common gain}\%)^2}{100} - 100 \right)\% \\
= \left( \frac{(100 + 10)^2}{100} - 100 \right)\% \\
= \left( \frac{12100 - 10000}{100}\right)\% \\
= 21\%

\end{aligned}

• #### 28. The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs 3. The ratio of two selling prices is

1. 51:52
2. 52:53
3. 53:54
4. 54:55
##### Answer And Explanation

Explanation:

Let the Cost price of article is Rs. x

Required ratio =
\begin{aligned}
\frac{104\% \text{ of } x}{106\% \text{ of } x} \\
= \frac{104}{106} = \frac{52}{53} = 52:53
\end{aligned}