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				Profit and Loss-Data Intensity 1 Multiple Questions and Answers.		 
		           
         
        
		   
		       Exercise Questions ::
		       Profit and Loss  
 
6. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit? A.  Rs. 2000 B.  Rs. 2200 C.  Rs. 2400 D.  None of Above 
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			   Answer:   Option  A  
Explanation:  
		    
		Let C.P. be Rs. x .
Then, 
1920 - x  
x 100 = 
x  - 1280x 100 
 
x x  
 
=> 1920 - x  = x  - 1280
=>  2x  = 3200
=>  x  = 1600
∴ Required S.P. = 125% of Rs. 1600 = Rs. 
( 
125 
x 1600 
) 
= Rs 2000. 
 
 
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			Published by:Michael Daani  
		 7. A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit? A.  Rs. 18.20 B.  Rs. 70 C.  Rs. 72 D.  Rs. 88.25 
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			   Answer:   Option  C  
Explanation:  
		    
		
C.P. = Rs. 
( 
100 
x 392 
) 
= Rs. 
( 
1000 
x 392 
)> 
= Rs. 320 
 
122.5 
1225 
 
 
∴ Profit = Rs. (392 - 320) = Rs. 72.
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			Published by:Michael Daani  
		 
		
		    
			   Answer:   Option  C  
Explanation:  
		    
		
S.P. = 85% of Rs. 1400 = Rs. 
( 
85 
x 1400 
) 
= Rs. 1190 
 
100 
 
 
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			Published by:Michael Daani  
		 9. Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit? A.  3.5 B.  4.5 C.  5.6 D.  6.5 
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			   Answer:   Option  C  
Explanation:  
		    
		
Cost Price of 1 toy = Rs. 
( 
375 
) 
= Rs. 31.25 
 
12 
 
 
Selling Price of 1 toy = Rs. 33
So, Gain = Rs. (33 - 31.25) = Rs. 1.75
∴ Profit % = 
( 
1.75 
x 100 
)% 
= 
28 
% = 5.6% 
 
31.25 
5 
 
 
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			Published by:Michael Daani  
		 
		
		    
			   Answer:   Option  D  
Explanation:  
		    
		Suppose, number of articles bought = L.C.M. of 6 and 5 = 30.
C.P. of 30 articles = Rs. 
( 
5 
x 30 
) 
= Rs. 25. 
 
6 
 
 
S.P. of 30 articles = Rs. 
( 
6 
x 30 
) 
= Rs. 36. 
 
5 
 
 
∴ Gain % = 
( 
11 
x 100 
)% = 44%. 
 
25 
 
 
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			Published by:Michael Daani  
		  
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