Ques 1 Profit and Loss
By selling a table for Rs. 350 instead of Rs. 400, loss percent increases by 5%. The cost price of the table is?
Ques 2 Profit and Loss
If the cost price of an item is equal to 95% of its selling price, then what is the profit percentage?
Here,
Cost Price (CP) = 95% of Selling Price (SP)
So,
Profit = Selling Price (SP) - Cost Price (CP)
Since CP = 0.95SP, Profit = SP - 0.95SP = 0.05SP
Profit Percentage = (Profit / Cost Price) * 100
Profit Percentage = (0.05SP / 0.95SP) * 100
Profit Percentage = 5.26% (approximately)
The correct answer is d) 5.26%
Ques 3 Profit and Loss
The SP of an article after two successive discounts of 10% and 5% on marked price is Rs. 171. Find the marked price?
Let us consider marked price is Rs. x
First discount of 10%: Price becomes 0.9x
Second discount of 5%: Price becomes (0.9x * 0.95) = 0.855x
Since the final selling price is Rs. 171,
then,
0.855x = 171
x = 171 / 0.855
x = 200
The marked price is a) Rs. 200
Ques 4 Profit and Loss
The interest on a certain sum of money is Rs. 22 and the discount on the same sum for the same time and at the same rate is Rs. 20, find the sum?
sum = (Simple Interest* True Discount) / (Simple Interest- True Discount)
Simple Interest= Rs. 22
True Discount= Rs. 20
then,
Sum = (22 * 20) / (22 - 20)
Sum = 440 / 2
Sum = Rs. 220
The correct answer is a) Rs. 220