Q1 . A milkman bought two litres of water and 10 litres of milk for Rs 200.He then mixed the milk and water and then sold the mixture at a cost of Rs 20 per Litre.Find the profit percent earned by the milkman?
1. 0.21
2. 0.22
3. 0.2
4. 0.25
Correct Answer is
0.2
SOLUTION
so total milk available is 10+2=12 litres
Intial cost price milk is 200/10=20
Now when he sold milk after mixing =20x12=240 Rs
profit percent =240-200/200x100
20 % profit
Q2 . A shopkeeper sold a dress at a discount of 20% and still made a profit of 20 %.Find the mark up percent on the dress by the shopkeeper?
1. 0.5
2. 0.55
3. 0.6
4. 0.4
Correct Answer is
0.5
SOLUTION
let the cost of the dress be 100
After 20 % discount he sold it at Rs 80
80 =1.2x
x=80/1.2
Cost is 66.67
actual cost is 66.67 and inflated cost is 100
Mark up is 50%
Q3 . A bought a book at a price of Rs 500 and sold it to B at 15% loss.B sold the book to C at a profit of 20%.C sold it to C at a loss of 10%.Find the amount of money paid by D to buy the book from C?
1.
Rs 409
2.
Rs 400
3.
Rs 459
4.
Rs 450
Correct Answer is
Rs 459
SOLUTION
book sold at 15% loss is 500x0.85 or 500x17/20
then sold the book at a profit of 20 % is 500x17/20x6/5
then sold at a loss of 0f 10% = 500x17/20x6/5x9/10=459 Rs
Q4 . A car was brought was bought at a price of Rs 5000.The owner spent Rs 1500 on the repairs of the car.The owner then sold the car at a profit of 10%.Find the selling price of the car?
1. Rs 7150
2. Rs 7250
3. Rs 7250
4. Rs 7125
Correct Answer is
Rs 7150
SOLUTION
Total cost price=cost of cars+Repairs=5000+1500=6500
He sold it at 10% profit=6500+650= Rs 7150
Q5 . A man bought two clocks at the same price and sold one of the clocks at a profit of 10% and one at a loss of 10%.Find the net of the transaction is a profit or loss.Find the net profit or loss percentage?