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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

  • 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%

  • 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.