Profit and Loss
- 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%
- 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
- 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
- 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. 6Correct Option: A
10% profit - 10% loss = 6
⇒ 20% of cost price = Rs. 6
⇒ Cost Price = (6 x 100)/ 20 = Rs. 30.
- 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%