profit and loss practice 3

Q1. A dishonest dealer professes to sell his goods at cost price, but uses a weight of 875 grams for a kilogram. What is his gain percentage?
a. 20%
b. 25%
c. 14.28%
d. None of these

Q2. A trader sells goods to a customer at a profit of k% over the cost price, besides he cheats his customer by giving 800 g only instead of 1 kg. Thus his overall profit percentage is 25%. Find the value of k?
a. 8.33%
b. 8.25%
c. 10%
d. 12.5%

Q3. A box seller marks his shoes 20% above the cost price but allowed 20% discount on account of Diwali Festival. How much does he lose or gain on a pair of shoes for which the changes Rs. 120?
a. Rs. 10 loss
b. Rs. 10 profit
c. Rs. 5 loss
d. Rs. 5 profit

Q4. The meter scale of a cloth merchant increases in length by 10% every summer. Before the summer season, the cloth merchant increases the selling price by an amount equal to x% of the cost price. If the profit percentage before summer is 20% and during summer it is 10%, then what is the value of x?
a. 1%
b. 10%
c. 9.09%
d. None of these

Q5. By Selling 50 meters of cloth, a merchant gains the cost of 10 meters. Find the gain percentage.
a. 25%
b. 33.33%
c. 20%
d. 15%

Q6. A man sells one third of a sugar at Rs. 3/kg and loses 20% and sells another kind of sugar at Rs. 5/kg and gains 25%. He mixed the two in equal proportion and sells the mixture at rs. 6/kg find his gain % ?
a. 52.33%
b. 54.83%
c. 56.67%
d. None of these

Q7. A, B and C invest in the ratio 3 : 4 : 5. The percentage of return on their investments are in the ratio 6 : 5 : 4. Find the total earnings, if B earns Rs. 250 more than A:
a. Rs. 6000
b. Rs. 7520
c. Rs. 5000
d. None of these

__________________

n/a

Q6. A man sells one third of

Q6. A man sells one third of a sugar at Rs. 3/kg and loses 20% and sells another kind of sugar at Rs. 5/kg and gains 25%. He mixed the two in equal proportion and sells the mixture at rs. 6/kg find his gain % ?
a. 52.33%
b. 54.83%
c. 56.67%
d. None of these

ans:  b. 54.83%
Rs 3/kg - loss 20% => price = 3/0.8 = 3.75
Rs 5/kg - profit 25% => price = 5/1.25 = 4

cost price when mixed in equal prop = 7. 75/2 = 3.875

profit % = 2.125/3.875 x 100 = 54.83%

__________________

n/a

answer of question 5

LET COST PRICE OF50 METER CLOTH=100 rs
so cost price of 10 m cloth=20 rs.
so selling priceof 50 m cloth=(100)+(20)=120 rs.
profit %=((120-100)/100)*100=20%
regards
amitakshay

Q1. A dishonest dealer

Q1. A dishonest dealer professes to sell his goods at cost price, but uses a weight of 875 grams for a kilogram. What is his gain percentage?
a. 20%
b. 25%
c. 14.28%
d. None of these

Ans: Selling 875 as 1000 gm
So profit = 125

% = 125/875 * 100 = 14.28%

__________________

n/a

Q2.

I m getting the asnwer as b. 8.33%

a. 8.33%

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