Profit and Loss (Railway Maths) (Part – III)

Total Questions: 50

1. Ramesh buys a radio for ₹4,000. He sells it at a profit of 10% to Mohan. Mohan spends ₹500 on it. Then he sells it at a profit of 12% to Ritwik. The cost price of the radio to Ritwik is : [Group D 15/09/2022 (Evening) ]

Correct Answer: (d) ₹5,488
Solution:

2. A shopkeeper sells wheat at ₹20/kg that he purchased at ₹18/kg and he gives only 900 gm of wheat instead of 1 kg while selling. The actual percentage profit to the shopkeeper is: [Group D 15/09/2022 (Evening) ]

Correct Answer: (a) 23.45%
Solution:

3. A shopkeeper purchased 70 kg of onions for ₹560 and sold the whole lot at the rate of ₹10 per kg. What will be his gain Percentage? [Group D 16/09/2022 (Afternoon) ]

Correct Answer: (c) 25%
Solution:

4. A vendor claims to sell wheat at a loss of 20% But he cheats by using weights that weigh 40% less than what is mentioned on them. What is his profit percentage (rounded off to 2 decimal places)? [Group D 16/09/2022 (Afternoon) ]

Correct Answer: (c) 33.33%
Solution:

5. If a man was to sell an article for ₹840, he would lose 20%. To gain 25% he should sell it for_______. [Group D 16/09/2022 (Evening) ]

Correct Answer: (a) ₹1,312.50
Solution:

6. A wholesaler sells a tin of oil at ₹540 and bears a loss of 10%. Now, if he decides to sell another tin of oil with same cost at ₹696, his profit percentage in the sale of second tin will be equal to [Group D 17/09/2022 (Morning) ]

Correct Answer: (b) 16%
Solution:

7. Ashish sold a cow to Bipin for ₹ 5,000 by losing 20%. Bipin sold it to Kasim at that price which would have given Ashish a profit of 15%. What is Bipin's gain in this transaction? [Group D 17/09/2022 (Morning) ]

Correct Answer: (c) 2,187.50
Solution:

8. By selling a computer for ₹30,875, a shopkeeper suffers a loss of 5%. At what price should he sell it to gain 7%? [Group D 17/09/2022 (Afternoon) ]

Correct Answer: (a) ₹34,775
Solution:

9. A dealer sold his goods at a discount of 20% but set the marked price of each article at 30% above the cost price. His gain percentage on each article is________. [Group D 17/09/2022 (Afternoon) ]

Correct Answer: (a) 4%
Solution:

10. A trader offers a discount of 10% on an article if a customer makes the payment in cash. How much percentage above the cost price should he mark the article to make a profit of 10%? [Give your answer correct to 2 decimal places.] [Group D 17/09/2022 (Evening) ]

Correct Answer: (d) 22.22%
Solution:

Let the cost price = 100
Profit = 10% and Selling price = 110
Discount = 10%
Marked price = 110 × 100/90 = 122.22%
So, required percentage = 22.22%