Profit and Loss-Data Intensity 4 Multiple Questions and Answers.
Exercise Questions ::
Profit and Loss
| 1. | By selling an article what is the profit percent gained? |
| I. 5% discount is given on list price.
II. If discount is not given, 20% profit is gained.
III. The cost price of the articles is Rs. 5000. |
| A. | Only I and II |
| B. | Only II and III |
| C. | Only I and III |
| D. | All I, II and III |
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|
| Answer: Option A |
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| Explanation: |
|
I. Let the list price be Rs. x.
| Then, S.P. = 95% of Rs. x = Rs. |
( |
x x |
95 |
) |
= Rs. |
19x |
| 100 |
20 |
II. When S.P. = Rs. x and gain = 20%.
| Then, C.P. = Rs. |
( |
100 |
x x |
) |
= Rs. |
5x |
| 120 |
6 |
| Gain = |
( |
19x |
- |
5x |
) |
= |
( |
57x - 50x |
) |
= |
7x |
| 20 |
6 |
60 |
60 |
| Gain % = |
( |
7x |
x |
6 |
x 100 |
)% = 14%. |
| 60 |
5x |
Thus, I and II only give the answer. |
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Tutorial Link: |
Published by:Michael Daani
| 2. | What was the percentage of discount given? |
| I. 23.5% profit was earned by selling an almirah for Rs. 12,350.
II. If there were no discount, the earned profit would have been 30%.
III. The cost price of the almirah was Rs. 10,000. |
| A. | Only I and II |
| B. | Only II and III |
| C. | Only I and III |
| D. | None of Above |
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Published by:Michael Daani
