Profit and Loss


  1. A man sold two houses for Rs. 7.81 lakhs each. On one he gained 5% and on the other he lost 5%. What percent is the effect of the sale on the whole ?









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    Loss% ( common gain or loss % / 10)2

    Correct Option: A

    Loss% ( common gain or loss % / 10)2
    = ( 5/10 )2 = 1/4 % = 0.25%


  1. Pofit after selling commodity for Rs. 425 is same as loss after selling it for Rs. 355. The cost of the commodity is ?









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    Let C.P. = Rs. x then, 425 - x = x - 355

    Correct Option: B

    Let C.P. = Rs. x then, 425 - x = x - 355
    ⇒ 2x = 780
    ∴ x = 390



  1. If two mixers and one T.V. cost Rs. 7000, while two T.V.s and one mixer cost Rs. 9800. The value of one T.V. is ?









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    2 x + y = 7000 ....(i)
    x + 2 y = 9800 .....(ii)

    Correct Option: C

    2 x + y = 7000 ....(i)
    x + 2 y = 9800 .....(ii)
    Solving (i) and (ii), we get,
    y = 4200


  1. The cost price of an article, which on being sold at a gain of 10% yields Rs. 6 more than when it is sold at a loss of 10% is ?









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    10% profit - 10% loss = 6
    ⇒ 20% of cost price = Rs. 6

    Correct Option: A

    10% profit - 10% loss = 6
    ⇒ 20% of cost price = Rs. 6
    ⇒ Cost Price = (6 x 100)/ 20 = Rs. 30.



  1. An umbrella marked at Rs. 80 is sold for Rs. 68. The rate of discount of ?









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    Rate of discount = (12 / 80) x 100% = 15%

    Correct Option: A

    Rate of discount = (12 / 80) x 100% = 15%