Profit and Loss - Comprehensive Mock Test 3

Question 21 Medium

A shopkeeper sells an article for Rs. 200 with a loss of Rs. 20 %. Find the cost price of the article

A) 220 B) 250 C) 280 D) 260

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Question 22 Medium

A shopkeeper boys an induction cooker for Rs.2750 and sells it for Rs.2860. Find his profit percentage

A) 1% B) 2% C) 3% D) 4%

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Question 23 Hard

A trader had 6 quintals of wheat. He sold a part of it at 7% profit and the rest at 17% profit, so that he made a total profit of 11%. How much wheat did he sell at 17% profit?

A) 360 kg B) 240 kg C) 120 kg D) 480 kg

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Question 24 Hard

Rajeev sells a machine for Rs 55 lakhs at a loss. Had he sold it for Rs 67 lakh, his gain would have been 5 times the former loss. Find the cost price of the machine

A) Rs 65 lakhs B) Rs 57 lakhs C) Rs 78 lakhs D) Rs 49 lakhs

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Question 25 Hard

If price of an article decreases from Rs 240 to Rs 220, when quantity demanded increases from 200 units to 210 units. Find point elasticity of demand?

A) 0.6 B) -1.8 C) -0.6 D) 1.8

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Question 26 Hard

Mohan buys an old scooter for Rs 5500 and spends Rs 1200 on its repairs. If he sells the scooter for Rs 5200. What will be his loss percent?

A) 22% B) 20% C) 25% D) 18%

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Question 27 Hard

Mohan buys an old scooter for Rs 5500 and spends Rs 1200 on its repairs. If he sells the scooter for Rs 7200. What will be his gain percent?

A) 8% B) 10% C) 6% D) 7.50%

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Question 28 Medium

If a cycle is purchased for Rs 2500 and sold for Rs 2200. Find the loss percent?

A) 12% B) 10% C) 15% D) 8%

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Question 29 Medium

A man buys a product for Rs 250 and sells it for Rs 300. Find his gain percent?

A) 10% B) 20% C) 15% D) 5%

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Question 30 Hard

A batsman makes a score of 95 runs in the 13th match and thus increases his average runs per match by 4 What is his average after the 13th match?

A) 47 B) 43 C) 45 D) 49

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