Profit and Loss

A shop's prices are 25% above cost price, but it allows its customers 12% commission on the amounts of their bills. What is the profit per cent made ? A)10% B)5% C)12% D)None of these Answer : Option A Explanation: Profit %=[25-12-(25x12)/100]=10% A Boy buys Banana at a certain price per dozen and sells them at eight times that price per hundred . What is his gain or loss % ? A)8% B)3% C)4% D)None of these Answer : Option C Explanation: Let C.P. of 12 oranges = Re 1 S.P. of 100 oranges = Rs 8 S.P of 12 bananas=Rs(8/100x12)=(96/100) Loss%=[(1-96/100)/1]x100%=4% If an article is sold at 5% gain instead of 5% loss,the seller gets Rs 6.72 more. The C.P of the article is? A)Rs. 63.2 B)Rs. 70 C)Rs. 67.2 D)None of these Answer : Option C Explanation: Let us assume C.P = 100 Difference in selling prices => 105 – 95 = 10 so the actual C.P should be : (6.72/10 * 100)= 67.2 If a radio is purchased for Rs 490 and sold for Rs 465.50 Find the loss%? A)5% B)8% C)4% D)None of these Answer : Option A Explanation: Loss% = 490 – 465.5 = (24.5 / 490 * 100)= 5% Cost of 3 cricket balls = cost of 2 pairs of leg pads. Cost of 3 pairs of leg pads = cost of 2 pairs of gloves. Cost of 3 pairs of gloves = cost of 2 cricket bats. If a cricket bat costs Rs 54, what is the cost of a cricket ball. A)Rs. 12 B)Rs. 16 C)Rs. 14 D)Rs. 18 Answer : Option B Explanation: 3 pairs of gloves = 2 x 54 = 108 => 1 pairs of gloves = 36 3 pairs of leg pads = 2 x 36 =>1 pairs of leg pads = 24 3 cricket balls = 2 x 24 = 48 cost of 1 cricket ball = 16.

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