PROFIT AND LOSS (CDS)

Total Questions: 16

11. The value of a single discount on some amount which is equivalent to a series of discounts of 10%, 20% and 40% on the same amount, is equal to [2015 (II) Evening Shift]

Correct Answer: (c) 56.8%
Solution:

12. A milkman claims to sell milk at its cost price only but he is making a profit of 20%, since he has mixed some amount of water in the milk. What is the percentage of milk in the mixture? [2015 (I) Morning Shift ]

Correct Answer: (b) 250/3 %
Solution:Let CP of 1 L of milk be ₹x.

13. A person selling an article for ₹96 finds that his loss per cent is one-fourth of the amount of rupees that he paid for the article. What can be the cost price? [2014 (II) Evening Shift]

Correct Answer: (c) Either ₹160 or ₹240
Solution:Let the cost price of an article be ₹x.

14. When an article is sold at 20% discount, the selling price is ₹24. What will be the selling price when the discount is 30%? [2014 (II) Evening Shift]

Correct Answer: (c) ₹21
Solution:Let the marked price of an article = ₹x

15. A shopkeeper sells his articles at their cost price but uses a faulty balance which reads 1000 g for 800 g. What is his actual profit percentage? [2014 (II) Evening Shift]

Correct Answer: (a) 25%
Solution:

16. A man buys 200 oranges for ₹1000. How many oranges for ₹100 can be sold, so that his profit percentage is 25%? [2014 (II) Evening Shift]

Correct Answer: (c) 16
Solution: