Q1 . A milkman sells milk at the rate of Rs 10 per litre and gets a profit of 25% on each litre of milk.At what price will he have to sell the milk to get 50 % profit?

1. Rs 11

2. Rs 10

3. Rs 14

4. Rs 12

Check Answer

Correct Answer is

Rs 12

SOLUTION

Rs 10 is price with 25% profit

10=1.25x

x=Rs 8

To get 50 % profit=8+4= Rs 12.

Q2 . Ramu buys chocolates from a shop.When Ramu buys 10 choclates he gets 1 chocolate free .Ramu has 44 choclates(including the free ones).Find the percentage profit for Ramu after buying these chocolates?

1. 12% profit

2. 10% profit

3. 15% profit

4. 11% profit

Check Answer

Correct Answer is

10% profit

SOLUTION

when he pays for 10 he gets 11 choclates

When he pays for 40 he gets 44 chocolates

profit is 10%

Q3 . A shopkeeper uses a faulty measure to weigh sugar .In every kilogram of sugar he sells he gets a profit of 10%.When the shopkeeper is weighing the sugar what is the actual weight that he is actually weighing?

1. 900g

2. 950g

3. 909g

4. 950g

Check Answer

Correct Answer is

909g

SOLUTION

selling at 1kg is 10 % profit

so the amount paid for 1 Kg=1.1x

x=10/11

x=909g

Q4 . A car is bought at a price and Rs 15000 is spent on it and sold at a cost of Rs 50000 for a profit of 25% on the transaction.Find the intial price of the car?

1. Rs 20000

2. Rs 25000

3. Rs 35000

4. Rs 30000

Check Answer

Correct Answer is

Rs 25000

SOLUTION

let the price be x

so (x+15000)1.25=50000

solving the equation

x=25000

Q5 . A man sold his watch at a discount of 20% from the price he fixed and still ended up earning a profit of 25% on the transaction made.Find the markup percentage in order to obtain the profit?

1. 0.56

2. 0.66

3. 0.54

4. 0.52

Check Answer

Correct Answer is

0.56

SOLUTION

let the cost of watch be w

and the mark up percetage be k

w x k x 0.8= w x1.25

k=1.25/8=1.56

The mark up is 56%

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