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*Profit Loss Discount Quiz : IBPS SBI SSC RBI RRB Exams*

- Subramaniam bought 100 eggs for Rs 50. Out of these, 4 eggs were
found to be broken and he sold the remaining eggs at the rate of Rs 8.50
per dozen. Find his gain or loss per cent.

a)36% Gain

b)63% Gain

c)36% Loss

d)63%Loss

e)None of these

- A grocer buys eggs at 10 for Rs 8 and sells at 8 for Rs 10. Find his gain or loss percent.

a)56.25% Loss

b)0.56%Gain

c)56.25% Gain

d)0.56%Loss

e)None of these

- A man purchases 8 pens for Rs 9 and sells 9 pens or rupees 8. How much profit or loss does he make?

a)20.98% Loss

b)179%Gain

c)56.25% Gain

d)20.98%Loss

e)None of these

- A boy buys oranges at 9 for Rs 16 sells them at 11 for Rs 20. What is his gain or loss percent?

a)2.27% Loss

b)2.27%Gain

c)0.227% Gain

d)0.227%Loss

e)None of these

- The selling price of 10 articles is the same as the cost price of 11 articles, find the gain or loss percent.

a)10% Loss

b)100%Gain

c)10% Gain

d)100%Loss

e)None of these

- A whole seller sells 30 pens for the price of 27 pens to a retailer.
The retailer sells the pens at the marked price.Find the per cent
profit of retailer.

a)100/9% Loss

b)100/9%Gain

c)9/100% Gain

d)9/100%Loss

e)None of these

- Seema bought 1600 bananas at Rs 3.75 a dozen. She sold 900 of them
at 2 for Re 1 and the remaining at Rs 5 for Rs 2. Find her gain or loss
per cent.

a)46% Loss

b)46%Gain

c)54% Gain

d)54%Loss

e)None of these

- A bookseller sold 300 copies of a book at a profit of 15%. If a book costs him Rs 12, find the selling price of the books.

a)Rs 4140

b)Rs 3425

c)Rs 2458

d)Rs 4410

e)None of these

- Raman bought a cycle for Rs 560. For how much shall he sell it so as to loss 10%?

a)Rs 404

b)Rs 504

c)Rs 604

d)Rs 406

e)None of these

- Ramesh bought an article for Rs 1215 and spent Rs 35 on its
transportation.At what price should he sell the article to have a gain
of 16%?

a)Rs 1450

b)Rs 1540

c)Rs 5140

d)Rs 1245

e)None of these

#### Answer:

- (a)We have, CP of 100 eggs= Rs 50.

It is given that 4 eggs were found to be broken.

So, the number of remaining eggs which were sold in the market= 100-6=94

Therefore SP of 12 eggs =Rs 8.50

Hence,SP of 1 egg=Rs 8.50/12

P of 96 eggs= Rs{8.5 X 96}/12=Rs 68

Clearly SP>CP, So, there is gain given by

Gain=SP-CP=Rs(68-50)=Rs 18

Hence,Gain %={Gain/CP}x100=(18×100)/50=36%

- (c)Quicker Method:

Buy——10 for Rs 8

Sell——8 for Rs 10

Now, percenatge profit or loss is given by:

(10×10-8×8)x[100/(8×8)]=36×100/64=225/4=56.25%

Since, the sign is positive , there is a Gain of 56.25%

- (a)Purchases 8 pens or Rs9

Sells 9 pens for Rs 8

%profit or loss =[8×8-9×9]x100/(9×9)=-1700/81=-20.98%

Since the sign is negative , so there is a loss of 20.98%

- (b)Quicker Method:

9 16

11 20

% profit or loss=(9×20-16×11)x100(16×11)=2.27%

Since, the sign is positive , there is a Gain of 2.27%

- (c)

IMPORTANT FORMULA:

*If the cost price of x articles is equal to the selling price of y articles , then profit percentage=(x-y)*100/y %*

Applying this we get Profit=11-10)x100/10

- Here retailer buys 30 pens for the certain price from a whole seller
and sells 27 pens for the same price.(Marked price as given)

Therefore, percent profit or loss=[(30-27)x100/27]=100/9%

Since,sign is positive hence there is profit.

- (b)

- (a)

Cost of 300 books=300×12=Rs3600

Profit = 15% of CP=15% of Rs 3600=Rs 540

SP=CP+Profit=3600+540=Rs 4140

- (b)

SP=(100-10)% of CP=(90×560)/100=Rs 504

- (a)

Quicker Approach:

SP=(116/100)(1215+35)=Rs 1450

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