PROFIT & LOSS CALCULATION - Sitams.org

����������������������������������� ��������������
a)1:2 b) 5:8 c) 2:5 d) Can’t be determined
29. A trader purchases two watches. He marks the first one up by Rs.200 over the cost price and
gives a discount of 20% on it. The second one he marks up by 50% and gives a discount of
Rs.160. If he gains 15% on both the watches put together and 8% on the first alone, what is the
percentage of profit on the second watch?
a)21% b) 22% c) 18.5% d) Can’t be determined
30. Jawed sells 2,000 mangoes in a week. He recovers his total cost by selling first 1,200
Mangoes. He sells the next 300 Mangoes for a loss of 20% and he sells the last 500 Mangoes for
a loss of 40%. What is his overall percentage of profit?
a)45% b) 35% c) 27% d) 12.5%
31. The percentage by which the marked price exceeds the cost price of an article and the
percentage of discount allowed on the article are in the ratio of 3:2. If it is sold at the cost price,
what is the percentage of discount allowed?
a)20% b) 25% c) 331/3% d) 50%
Solution :If CP is raised by 3x %, the discount should be 2x %. Also, after discount SP=CP =>
increase of 3x% X decrease of 2x%. From inspection, 33.33% discount => 50% increase (since
3:2) and 1.5 X 0.6666 = 1.
32. The purchase prices of three articles are in the ratio 3:4:5 the first one is sold at a profit of
10% and the second at a loss of 7.5%. If the overall percentage of profit or loss of the first two
articles is the same as the percentage profit or loss of all the articles taken together, what is the
percentage of profit or loss in the case of the third article?
a)8.75 b) 1.25 c) 0 d) Can’t be determined.
Solution :CP of first two articles is in ration of 3:4. So for 2 articles, gain/loss % = (3/7) X10 –
(4/7) X7.5 = 0. So, overall profit/loss% = 0 => (3/12) X10 – (4/12) X7.5 + (5/12) x = 0 =>
x=0%.
33. A dishonest oil merchant claims that he gets a profit of only 5% but he gives only one liter of
oil instead of 1kg. If 1.25 liter of oil weighs 1kg what is his overall percentage of profit
a)31.25% b) 25% c) 26% d) None of these
Solution :Overall profit = 1.05 X (1.25/1) = 1.3125 => 31.25% gain
34. A fruit vendor sells mangoes and bananas and gets equal revenue from each. He gets a profit
of 20% on each mango and a profit of 25% on each banana. If the ratio of the number of bananas
sold to the number of mangoes sold is 4:1, what is the ratio of the cost price of a banana to that
of a mango?
������ ���� ��