## Profit & Loss Quiz-3

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
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

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