ptofit and loss account 7

May 13th, 2015
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Adelphi University
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profit and loss statement describe with questions and answers

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1. John buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, what is his gain percent?A.12%B.10%C.447%D.5511%View Answer|Notebook|Discuss2. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of xA. 15B. 25C. 18D. 16View Answer|Notebook|Discuss3. If selling price is doubled, the profit triples. What is the profit percent?A.100B.10513C.6623D.120View Answer|Notebook|Discuss4. In a shop, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, find out approximately what percentage of the selling price is the profit?A. 250%B. 100%C. 70%D. 30%View Answer|Notebook|Discuss5. A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%?A. 3B. 4C. 5D. 6View Answer|Notebook|Discuss6. The percentage profit earned by selling an item for Rs. 1920 is equal to the percentage loss incurred by selling the same item for Rs. 1280. At what price should the item be sold to make 25% profit?A. Insufficient DataB. Rs. 3000C. Rs. 2000D. Rs. 2200View Answer|Notebook|Discuss7. An exporter expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?A. Insufficient DataB. Rs. 80C. Rs. 90D. Rs. 72View Answer|Notebook|Discuss8. A man buys a scooter for Rs. 1400 and sel

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