## Cocubes Quants Profit and Loss Questions And Answers

**1)The cost price of 10 articles is equal to the selling price of 9 articles. Find the profit percent?**

A)101/9 %

B)100/9 %

C)102/9 %

D)103/9 %

**Correct Answer : B**

**Explanation**:

Let Cost Price be x and selling price be y Then given that cost price of 10 articles is equal to the selling price of 9 articles That means 10x=9y Y= 10x/9 Profit percent = (( selling price – cost price )/cost price ) * 100 = 100/9 %

**2) A sum of Rs 468.75 was lent out at simple interest and at the end of 1 year and 8 months, the total amount of Rs 500 is received. find the rate of interest?**

A)2%

B)4%

C)1%

D)3%

**Correct Answer : B**

**3) To earn an extra profit, a shopkeeper mixes 30 kg of dal purchased at Rs.36/kg and 26 kg of dal purchased at Rs.20/kg.What will be the profit that he will make if he sells the mixture at Rs.30/kg?**

A)Rs.60

B)Rs.80

C)Rs.50

D)Rs.100

**Correct Answer : B**

**4) At what rate percent CI does a sum of money become nine fold in 2 years?**

A)100% p.a

B)300% p.a

C)400% p.a

D)200% p.a

**Correct Answer : D**

**5)The retail price of a toothpaste of 140 grams is Rs 40, the shopkeeper gives a toothbrush whose actual price is Rs 10, free with it and still gains 25%. The cost price of the toothpaste is :**

A)Rs.36

B)Rs.24

C)Rs. 30

D)None of the mentioned options.

**Correct Answer : B**

**Explanation**:

Selling price = 40 – 10 = 30 Rupees. Let cost price =x; Selling price = cost price + profit on cost price 30 = x + 25% of x; X= 24

**6)Atul sold two mobiles for Rs.9900 each. At one mobile, he gained 10% and on other, he lost 10%. Find his gain or loss in a transaction?**

A)Loss 1%

B)Neither loss Nor gain

C)Gain 1%

D)None of the mentioned options

**Correct Answer : A**

**7)A Shopkeeper allows a discount of 20% on the marked price but charges 5% sales tax on the marked price and 5% service tax on the discounted price. If the customer pays Rs. 2670 as price including tax, then what is marked price of the item?**

A)3245

B)3000

C)3200

D)3500

**Correct Answer : B**

**Explanation:**

x be the marked price x – 20% of x + 5% of sales tax + 5% of (x – 20% of x) = 2670 x=3000

**8)Ashif sold an article for Rs 315 at a profit of 5%. What would have been the loss incurred by him it was sold for Rs. 275?**

A)7.625%

B)4.5 %

C)5.625%

D)6.25%

**Correct Answer : C**

**9)If the selling price of an article is (2/3)rd of its cost price, then find the profit/loss percent.**

A)20% profit

B)33% profit

C)33% loss

D)20% loss

**Correct Answer : C**

**Explanation:**

33% loss Let’s say cost price is x Then selling price = (2/3)* x Profit or loss % =( ( selling price – cost price )/ Cost price ) * 100 = 33% loss

**10)To earn an extra profit, a shopkeeper mixes 30 kg of dal purchased at Rs.36/kg and 26 kg of dal purchased at Rs.20/kg.What will be the profit that he will make if he sells the mixture at Rs.30/kg?**

A)Rs.60

B)Rs.80

C)Rs.50

D)Rs.100

**Correct Answer : B**