9394949438

[LATEST]$type=sticky$show=home$rm=0$va=0$count=4$va=0

Profit & Loss Quiz-3

Dear Readers,

Maths is an important subject in CLAT,DULLB & Other Law Exams. In any of law exam, Maths carries weightage of 20 -25 % of questions. With focused practice good marks can be fetched from this section. These questions are very important in achieving your success in CLAT, DULLB and Other Law Exams..

Q1.Raghu bought 4 dozen oranges at Rs 12 per dozen and 2 dozen oranges at Rs 16 per dozen. He sold them all to earn % profit. At what price per dozen did he sell the oranges?
  • Rs 14.40
  • Rs 16
  • Rs 16.80
  • Rs 19.20
Solution

CP = (4 x 12 + 2 x 16) / (4 + 2) = 80/6
SP = 1.2CP = 1.2 x 80/6 = 16


Q2. A single discount equivalent to a discount series of 40% and 20% is:
  •   50%
  •   52%
  •   55%
  •   60%
Solution

SP = (1 - 0.4) (1 - 0.2)CP = 0.6 x 0.8CP = 0.48
CP = (1 - 0.52) CP


Q3. Rajesh buys an article with 25% discount on its marked price. He makes a profit of 10% by selling it at Rs 660 the marked price is:
  • Rs 600
  • Rs 685
  • Rs 700
  • None of these
Solution

SP = 660 = 1.1 CP  
CP = 600
CP = (1 - 0.25)MP = 0.75MP
MP =  

Q4.What price should a shopkeeper mark on an article, costing him Rs 153, to gain 20% after allowing a discount of 15%?
  • Rs 224
  • Rs 216
  • Rs 184
  • Rs 162
Solution

0.85 MP = SP = 1.2CP
MP = C P = x 153 = 216


Q5.If the SP of Rs 24 results in a discount on list price, what SP would result in a 30% discount on list price?
  • Rs 27
  • Rs 21
  • Rs 20
  • Data inadequate
Solution
  We need discount on the current price


Q6. If the cost price of 12 books is same as the selling price of 16 books, the loss percentage is
  • 15%
  • 20%
  • 25%
  • 30%

CP of 12 books = SP of 16 books
= CP of 16 books + (P/2) of 16 books
CP of 4 books = Loss of 16 books
CP of 1 book = loss of 4 books
Loss = 1/4 CP = 25% CP
Alternate Method:
Let the CP of 1 book = Re 1
CP of 16 books = Rs 16
SP of 16 Books = Rs 12
Loss % = (4/16) x 10 = 25%


Q7. A man loses the selling price of 4 apples on selling 36 apples. His loss percentage is
  • 12.5%  
  • 11.1%  
  • 10%  
  • None of these
Solution

Let SP of 1 apple = x; SP of 36 apples = 36x
Loss = 4x  
CP = 40x
Therefore, Loss %age = (4/40) x 100 = 40%


Q8.A man sells two cows for Rs. 4000 each, neither gaining nor losing in the deal. If he sold one cow at a gain of 25%, then the other cow is sold at a loss of
  • 16.66%
  • 18.22%
  • 25%
  • None of these
Solution

4000 = 1.25 CP1
CP1 = 3200, Profit = 800
CP2 = 4000 + 800 = 4800
Loss = = 16.66%


Q9. The cost price of an article is 40% of the selling price. The percentage that the selling price is of cost price is
  • 250%
  • 240%
  • 60%
  • 40%
Solution
CP = 40% of SP = 0.4 SP
SP1 = 2.5 CP = 250%

Q10. Two horses were sold for Rs.12000 each, one at a loss of 20% and the other at a gain of 20%. The entire transaction resulted in
  • no loss, no gain
  • loss of 4%
  • gain of 4%
  • gain of 8%
Solution
1.2 CP = 12000  
CP = 10000
P = 2000
0.8 CP = 12000  
 CP = 15000
L = 3000
Loss = 3000 - 2000 = 1000
Alternate Method:
Using direct formula:
Loss % =
= (20/10)2 = 4% loss

Want to Know More
Please fill in the details below:

INNER POST ADS

Recent Law Posts$type=three$c=3$author=hide$comment=hide$rm=hide$date=hide$snippet=hide

Recent Management Posts$type=three$c=3$author=hide$comment=hide$date=hide$rm=hide$snippet=hide

Recent HM Posts$type=three$c=3$author=hide$comment=hide$date=hide$rm=hide$snippet=hide

Name

Abetment,1,Absolute Liability,1,Admit Card,12,admit-card,1,Agency,1,AIBE,2,AILET,4,AILET Exam,1,Alphabetical Series,3,Anagrams,1,Analogies,3,Answer Key,2,answer-key,6,Attempt,1,Average,1,BA-LLB,2,Bailment,1,BBA Coaching Ghaziabad,1,BBA exam,2,BBA exam crash course,1,BHU LLB 2019,1,BHU-LLB,3,Blood Relation,2,Breach of Contract,1,Capacity of Parties,1,Cheating,1,Clat,6,Clat admission,1,CLAT Coaching,1,CLAT Entrance Exam,1,CLAT Exam,2,CLAT Preparation,1,CLAT-GK,1,Clock Calendar,4,Cloze Test,7,Coding Decoding,3,Compound Interest,1,Consideration,1,Contract,12,Contract-LA,8,Criminal Breach of Trust,1,Criminal Conspiracy,1,cut off,5,cut-off,3,Dacoity,1,Dangerous Premises,1,Data Interpretation,1,Defamation,1,Dice Test,1,Direction Sense Test,2,DU LLB 2017,1,DU LLB Brochure,1,DU LLB Entrence,2,DU LLB Exam,5,DU LLB exam Coaching,1,DU-LLB,3,English,25,Exam,3,Exam Pattern,5,Extortion,1,featured-articles,1,Free Consent,1,General Defenses,1,General Exceptions,1,Geometry,1,Grammar,2,Height Distance,1,Hotel Management,146,Hotel Management Coaching in Delhi,1,Hotel Management Coaching,1,Hotel Management Colleges,1,Hotel Management Entrance Exam,2,How to Become a Chef,1,Idioms,3,IHM,23,IHM Exam 2018,1,IHM BOOK,1,IHM Exam Syllabus,1,IHM in Ahmedabad,1,IHM in Bangalore,1,IHM in Bhopal,1,IHM in Bhubaneswar,1,IHM in Chandigarh,1,IHM in Chennai,1,IHM in Goa,1,IHM in Gurdaspur,1,IHM in Guwahati,1,IHM in Gwalior,1,IHM in Hajipur,1,IHM in Hyderabad,1,IHM in Jaipur,1,IHM in Kolkata,1,IHM in Lucknow,1,IHM in Shimla,1,IHM in Srinagar,1,IHM in Trivandrum,1,Indian Partnership Act 1932,1,IPC,11,IPC-LA,7,IPU CET,1,IPU CET Exam,2,IPU LLB Exam,1,JMI-BA.LLB,2,Jumbled Sentences,2,Latest articles,258,Latest News,4,Law,325,Law of Torts,1,law-B.com,1,Law-Entrances,1,Legal Aptitude,60,Liability of Owner,1,LLB-Colleges,1,LLB-LLM,1,LLB-LLM BHU,1,LSAT Exam,1,LSAT Exam Coaching,1,Management,110,Mensuration,1,Mixture Allegation,1,NCHM JEE 2017,1,NCHM JEE Cutoff 2017,1,NCHMCT,6,NCHMCT Coaching,1,NCHMCT Courses Class 12th Students,1,NCHMCT Exam,3,NCHMCT Exam Pattern,2,NCHMCT in Mumbai,1,NCHMCT JEE,1,NCHMCT JEE Entrance,1,Negligence,1,Nervous Shock,1,Notification,1,Nuisance,1,Number Puzzle,2,Number Series,3,Number System,1,Offences against Human Life,1,Offences Documents,1,Offences Marriage,1,Offer Acceptance,1,Others,39,Partnership,1,Percentage,1,Permutation Combination,1,Probability,1,Profit Loss,1,Progression,1,Quant,17,Quantitative Aptitude,17,Quasi Contracts,1,Quiz,68,QZ-1 LA,1,Ratio Proportion,1,Reasoning,28,Results,13,Robbery,1,Seating Arrangement,3,Sedition,1,SET Entrance Exam,2,Simple Interest,1,Spelling,3,Strict Liability,1,Study Notes,64,Success Stories,1,syllabus,6,Syllogism,2,Theft,1,Time Speed Distance,1,Tips & Strategy,13,Tips and Strategy,2,Tort,12,Tort-LA,11,Trespass to Goods and Conversion,1,University for Clat,1,Venn Diagram,3,Verbal Ability,24,Vicarious Liability,1,Vicarious Liability of State,1,Vocabulary,3,Void Agreements,1,Void Contract,1,Work Pipe Cistern,1,
ltr
item
Law, Management & Hotel Management Exam Preparation | Clear Law Entrance: quants-profit-loss-quiz3
quants-profit-loss-quiz3
https://4.bp.blogspot.com/-BXtzBFJAKok/XH-3zvJvcQI/AAAAAAAADSw/vNw8biD1lrMDbnZAYCH5G1Nbn5fRMUhhACLcBGAs/s1600/quants-profit-loss.jpg
https://4.bp.blogspot.com/-BXtzBFJAKok/XH-3zvJvcQI/AAAAAAAADSw/vNw8biD1lrMDbnZAYCH5G1Nbn5fRMUhhACLcBGAs/s72-c/quants-profit-loss.jpg
Law, Management & Hotel Management Exam Preparation | Clear Law Entrance
https://www.clearlawentrance.com/2019/03/quants-profit-loss-quiz3.html
https://www.clearlawentrance.com/
https://www.clearlawentrance.com/
https://www.clearlawentrance.com/2019/03/quants-profit-loss-quiz3.html
true
8755676406601649542
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy