64
Q:

A car mechanic purchased four old cars for Rs. 1 lakh. He spent total 2 lakh in the maintenance and repairing of these four cars. what is the average sale price of the rest three cars to get 50% total profit if he has already sold one of the four cars at Rs. 1.2 lakh?

A) 1.5 lakh B) 1.1 lakh
C) 1.2 lakh D) 1.65 lakh

Answer:   B) 1.1 lakh



Explanation:

Total cost of 4 cars =  1+2 = 3 lakh

 

Total S.P of 4 cars = 3 x 1.5 = 4.5 lakh   (Since S.P = 100 + Gain%100 x C.P)

 

 S.P of 1 car = 1.2 lakh 

 

S.P of rest 3 cars = 4.5 - 1.2 = 3.3 lakh

 

 Average S.P of all the 3 cars = 1.1 lakh

Subject: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO
Q:

Karan purchased one dozen pens for Rs. 120 and sold a pack of 3 pens for Rs.35 each. What is his gain?

A) 16.67% B) 20%
C) 15% D) 33.33%
 
Answer & Explanation Answer: A) 16.67%

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12 1759
Q:

The ratio of the cost price and selling price of a shirt is 32 : 37. What is the profit percentage?

 

A) 15.63 B)  13.51
C) 17.21 D) 14.44
 
Answer & Explanation Answer: A) 15.63

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10 18911
Q:

A shopkeeper allows a discount of 20% to his customers and still gains 25%. Find the Marked price of an article which costs Rs.600 to the shopkeeper.

A) Rs.937.50 B) Rs.937
C) Rs.930 D) Rs.1000
 
Answer & Explanation Answer: A) Rs.937.50

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6 1046
Q:

Surbhi invested Rs.6000 for 5 months and Urba invested Rs.5000 for 6 months in a venture. The ratio in which they will share the profits is

A) 36:25 B) 6:5
C) 5:6 D) 1:1
 
Answer & Explanation Answer: D) 1:1

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3 1049
Q:

The marked price of a trouser is twice of the cost price. To earn 36% profit, what should be the value of discount (in percentage)?

 

A)  33 B)  32
C)  34 D)  36
 
Answer & Explanation Answer: B)  32

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3 1047
Q:

If selling price of 39 articles is equal to the cost price of 42 articles, then what will be the profit percentage?

 

A) 8.33 B) 7.69
C)  9.09 D) 11.33
 
Answer & Explanation Answer: B) 7.69

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2 978
Q:

A shopkeeper purchased 10 boxes of pencils containing 10 pencils each at Rs. 100 per box and sold each pencil at a profit 12%. What is the total sale price?

A) Rs.1100 B) Rs.1120
C) Rs.1200 D) Rs.1210
 
Answer & Explanation Answer: B) Rs.1120

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2 1541
Q:

The marked price of a calculator is Rs 750. It is sold at a discount of 22%. If the cost price of the calculator is Rs 500, then what is the profit (in Rs)?

 

A) 85   B)  105  
C)  95   D) 115
 
Answer & Explanation Answer: A) 85  

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4 1324