Arithmetic Ability - Profit and Loss Free Online Tests | Mock Tests | Preparation | Practice Tests

Study Room

Goto

Arithmetic Ability
Profit and Loss

Take Exam

01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102

44 / 102

A seller uses 840 gm in place of 1 kg to sell his goods. Find his actual profit/loss % When he sells his article on 4% loss on cost price ?

A. 14.28 % profit

B. 24.18 % profit

C. 14.28 % loss

D. 24.18 % loss

View Answer

Correct choice: A

Explanation:

Let 1kg of Rs. 100 then 840gm is of Rs. 84. Now (label on can 1kg but contains 840kg ) so for customer it is of Rs. 100 and further gives 4% discount [he sells his article on 4% loss on cost price.] So now S.P = Rs. 96 But actually it contains 840 gm so C.P for shopkeeper = Rs. 84 S.P = Rs. 96 C.P = Rs. 84 Profit% = {(S.P-C.P)/C.P}x100 {(96-84)/84} x 100 = 14.28571429% PROFIT.

44 / 102

Study Room

Lessons

Arithmetic Ability Profit and Loss

Arithmetic Ability
Profit and Loss