Practice Test (Quant) : 5 : Profit & Loss
Q1. An article is sold at a profit of 10%. Had it been sold for Rs20 more, 12% profit would have been made. Find the cost price of the article.
Q2. A trader mixes 40kg of rice which costs Rs15per kg with 50 kg of rice that costs Rs18 per kg. He sells the mixture at Rs 17.50 per kg. Calculate his profit percent.
Q3. A man sells a TV set for Rs3450 and makes a profit of 15%. He sells second TV set at a loss of 10%. If on the whole he neither gains nor loses, find the cost price of the second TV.
Q4. A florist bought 240 roses at Rs 9 per dozen. If he sold all of them at Re 1 each, find his percent profit.
Q5. A sold a table to B at a profit of 15%. Later B sold it back to A at a profit of 20%, there by gaining Rs69. How much did A pay for the table.
Q6. A man sells an article at a loss of 10%. If he had sold for Rs 75 more he would have gained 5%. Find the cost price of the article.