Profit And Loss Practice Test 2

11.	On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:
	A. Rs. 45 B. Rs. 50 C. Rs. 55 D. Rs. 60

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12.	When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?
	A. Rs. 21,000 B. Rs. 22,500 C. Rs. 25,300 D. Rs. 25,800

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13.	100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:
	A. 14 2 % gain 7 B. 15% gain C. 14 2 % loss 7 D. 15 % loss

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14.	A shopkeeper sells one transistor for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. His total gain or loss percent is:
	A. 5 15 % loss 17 B. 5 15 % gain 17 C. 6 2 % gain 3 D. None of these

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15.	A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:
	A. No profit, no loss B. 5% C. 8% D. 10% E. None of these

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16.	A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary? I.  Sale price of the article  II.  Number of articles sold
	A. Only I is necessary B. Only II is necessary C. Either I or II is necessary D. Both I and II are necessary E. None of these

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17.	A shopkeeper sells some toys at Rs. 250 each. What percent profit does he make? To find the answer, which of the following information given in Statements I and II is/are necessary? I.  Number of toys sold.  II.  Cost price of each toy.
	A. Only I is necessary B. Only II is necessary C. Both I and II are necessary D. Either I or II ins necessary E. None of these

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18.	A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage. I.  The rate of X is Rs. 20 per kg.  II.  The rate of Y is Rs. 13 per kg.
	A. I alone sufficient while II alone not sufficient to answer B. II alone sufficient while I alone not sufficient to answer C. Either I or II alone sufficient to answer D. Both I and II are not sufficient to answer E. Both I and II are necessary to answer

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19.	By selling a product with 20% profit, how much profit was earned? I.  The difference between cost and selling price is Rs. 40.  II.  The selling price is 120 percent of the cost price.
	A. I alone sufficient while II alone not sufficient to answer B. II alone sufficient while I alone not sufficient to answer C. Either I or II alone sufficient to answer D. Both I and II are not sufficient to answer E. Both I and II are necessary to answer

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20.	What is the percent profit earned by the shopkeeper on selling the articles in his shop? I.  Labeled price of the articles sold was 130% of the cost price. II.  Cost price of each article was Rs. 550.  III.  A discount of 10% on labeled price was offered.
	A. Only I B. Only II C. I and III D. All the three are required E. Question cannot be answer even with information in all the three statements.

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