ptofit and loss account 7

May 13th, 2015
Studypool Tutor
Adelphi University
Price: $25 USD

Tutor description

profit and loss statement describe with questions and answers

Word Count: 1536
Showing Page: 1/10
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

Review from student

Studypool Student
" <3 it, thanks for saving me time. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors