Hyderabad: This is in continuation to the last article focusing on profit and loss topic. Here are practice questions along with solutions that will help you in your preparation for the State government recruitment jobs.

1. A dealer sold an article at 6% loss. Had he sold it for Rs.64 more, he would have made a profit of 10%. Then the cost of the article is?

5. Somesh sold a book at a loss of 30%. If he had sold it for Rs.140 more, he would have made a profit of 40%. The cost price of the book is

a) Rs.200 b) Rs.220 c) Rs.260 d) Rs.280

Ans: a
Solution:
Let the C.P. of the book be Rs. x.

S.P. of the book = Rs. 70x/100

= Rs. 7x/10

Case II,

140x/100 = 7x/10 140

=>; 14x/10 – 7x/10 = 140

7x/10 = 140

7x = 1400

6. Kailash has some apples. He sold 40% more than he ate. If he sold 70 apples, how many did he eat?

a) 50 b) 45 c) 55 d) 60

Ans: a

Solution:

Let Kailash eat x apples.
According to the question,
x x 140/100 = 70 =>; 14x/10 = 70
=>; x = 70 x 10/14 = 50

7. A man bought 30 defective machines for Rs.1,000. He repaired and sold them at the rate of Rs.300 per machine. He got profit of Rs.150 per machine. How much did he spend on repairs?

a) Rs.5,000 b) Rs.3,500 c) Rs.5,500 d) Rs.7,000
Ans: b
Solution:
Let total expenditure on repairing be Rs. x.

Actual C.P. = Rs. (1000 x)

Total S.P. = Rs. (300 × 30)

= Rs. 9000

Total profit = Rs. (150 × 30)

= Rs. 4500

9000 – (1000 x) = 4500

1000 x = 9000 – 4500 = 4500

x = 4500 – 1000 = Rs.3,500

8. A man bought 25 crates of oranges for Rs.10,000. He lost 5 crates. In order to earn a total profit of 25% of the total cost, he would have to sell each of the remaining crates at?

a) Rs.650 b) Rs.675 c) Rs.600 d) Rs.625

Ans: d
Solution:
Five crates out of 25 crates of oranges were lost.