Profit and Loss - Mock Test 5

Question 41

If a boy sells a book for Rs. 450 he gets a loss of 10 %, then find cost price. To gain 10 %, what should be the selling price

A) 400, 500 B) 550, 600 C) 500, 550 D) 475, 525

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Question 42

A trader expects a gain of 15 % on his cost price. If in a week his sale is of Rs. 580, then what is his profit

A) 75.65 B) 73.26 C) 72.5 D) 70.78

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Question 43

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 44

A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loss 10%. At what price per kg should he sell in order to earn a profit of 5%

A) Rs.10 B) Rs.10.5 C) Rs.9.5 D) Rs.11.11

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Question 45

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 46

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 47

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 48

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 49

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 50

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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