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Practice mode Profit and Loss

If a radio is sold at a gain of 8% instead of a loss of 5%, the seller gets Rs. 156 more. What is the cost price of the radio?

Correct answer C. Rs. 1,200

Explanation

The difference between +8% and -5% is 13% of CP. So 13% of CP = 156, giving CP = 156 × 100/13 = Rs. 1,200.

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Question 01 Profit and Loss

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.

Correct answer C. I and III

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Question 04 Profit and Loss

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.

Correct answer B. II alone sufficient while I alone not sufficient to answer

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