Profit and Loss Questions Answers

• 29. A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles ?

  1. Rs15
  2. Rs 20
  3. Rs 22
  4. Rs 25

  Answer And Explanation

  Answer: Option C

  Explanation:

  As question states that rate was of pair of articles,
  
  So rate of One article = 37.40/2 = Rs. 18.70
  
  Let Marked price = Rs X
  then 85% of X = 18.70
  
  => X = 1870/85 = 22

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• 30. A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

  1. 18%
  2. 20%
  3. 22%
  4. 24%

  Answer And Explanation

  Answer: Option B

  Explanation:

  Let the cost price = Rs 100
  then, Marked price = Rs 135
  
  Required gain = 8%,
  So Selling price = Rs 108
  Discount = 135 - 108 = 27
  
  Discount% = (27/135)*100 = 20%
  
  

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• 31. Which among following options are true relating to this question :
  
  Ram sold a card and makes 20% profit out of it, how much profit he actually earned ?
  
  1. Difference between cost price of card and selling price of card is Rs. 40.
  2. Selling price of card is 120% of cost price of card.

  1. Either 1 and 2 are sufficient to answer
  2. Either 1 and 2 are not sufficient to answer
  3. 1 is sufficient to answer alone, 2 is not sufficient to answer
  4. 2 is sufficient to answer alone, 1 is not sufficient to answer

  Answer And Explanation

  Answer: Option C

  Explanation:

  From the question it is clear that, Gain is 20%
  From 1, it is clear that S.P. - C.P. = 40, so it is sufficient to get answer.
  While 2 is not sufficient to get answer.

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