[Beginner Practice] Quant - Profit, Loss & Discount v3

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Q1. Aayush buys 70 cups, at the rate of Rs 20 each, but he could sell only 50 cups and earned a profit of 7 whole 1/7%. At what rate did he sell each cup?
Answer : Rs 30
 
 
Q2. The Selling Price of a book is Rs 80. If the seller gains a profit of 20% on this transaction, find cost price of that book.
Answer : Rs 67
 
 
Q3. Kriti sells an article for Rs 800. If she made a profit of 20% on the selling price of the article, find her actual profit %.
Answer : 25%
 
 
Q4. If the cost price of an article is 3/5of its selling price, find profit/loss percent.
Answer : 66.66% profit
 
 
Q5. The ratio of C.P and S.P of an article is 25:26. Find gain percent.
Answer : 4%
 
 
Q6. After selling 1 dozen bananas, Akul earns a profit equal to the cost price of 4 bananas. Find profit made by Akul.
Answer : 33 whole 1/3%
 
 
Q7. After selling 20 articles, a man earns a profit equal to the  S.P of 6 articles. Find the profit %.
Answer : 42 whole 6/7%
 
 
Q8. A man incurs a loss of 12% while selling a bag for Rs 1056. At what price he should sell the bag if he wants to earn a profit of 5%?
Answer : Rs1260
 
 
Q9. A trader fixes the selling price of an article 20% above cost price, but he sold that article at a loss of 10% on the fixed price. Find the percentage of profit/loss.
Answer : 8% profit
 
 
Q10. Cost price of a toy was Rs 81. It is sold at a profit of 10% on selling price. Find selling price of the toy.
Answer : Rs 90
 
 
Q11. Difference between the cost price and the selling price of an article is Rs 160. If the profit percentage is 20%, find the selling price of the article.
Answer : Rs 960
 
 
Q12. A man bought an article for Rs 5000 from Flipkart. He paid Rs 1200 as transportation cost and sold it for 10% profit. Find the selling price of the article.
Answer : Rs 6820
 
 
Q13. A bike is sold for Rs 48,000, and thus the seller makes a profit of 20%. In order to gain a profit of 25%, at what price should he sell the bike?
Answer : Rs 50,000
 

 Q14. The cost price of 12 bananas is equal to selling price of 8 bananas. Find profit/loss percent.
Answer : 50% profit
 

Q15. Profit earned by a shopkeeper when an article is sold for Rs 708 is equal to the loss incurred by him when it is sold for Rs 492. Find the loss percentage when the shopkeeper sells the article for Rs 492.
Answer : 18% Loss
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