Profit and Loss

(16) A watch was bought for Rs. 600 and sold at a profit of 20%. What was the selling price of the watch?

• (a) Rs. 700
• (b) Rs. 650
• (c) Rs. 720
• (d) Rs. 600

Answer

Correct Answer: (c) Rs. 720
The selling price (S.P.) can be calculated using the formula S.P. = C.P. \times (1 + \frac{Profit\%}{100}) . So, S.P. = 600 \times (1 + \frac{20}{100}) = 600 \times 1.20 = Rs. 720 .

(17) A trader sold a television for Rs. 15,000, resulting in a loss of 10%. What was the cost price of the television?

• (a) Rs. 14,000
• (b) Rs. 16,667
• (c) Rs. 15,000
• (d) Rs. 15,500

Answer

Correct Answer: (b) Rs. 16,667
The cost price (C.P.) can be calculated using the formula C.P. = \frac{S.P.}{(1 - \frac{Loss\%}{100})} . So, C.P. = \frac{15000}{(1 - \frac{10}{100})} = \frac{15000}{0.90} = Rs. 16,667 .

(18) A shopkeeper sold 25 calculators at a profit of 15% each. If the cost price of each calculator is Rs. 300, what was the total profit made on all calculators?

• (a) Rs. 375
• (b) Rs. 1125
• (c) Rs. 450
• (d) Rs. 750

Answer

Correct Answer: (b) Rs. 1125
The profit made on each calculator is Profit\text{ per calculator} = C.P. \times \frac{Profit\%}{100} = 300 \times \frac{15}{100} = Rs. 45 . Therefore, the total profit on 25 calculators is Total\text{ profit} = 25 \times 45 = Rs. 1125 .

(19) A jewelry store marked the price of a diamond ring at Rs. 40,000 and offered a 20% discount on it. If a customer bought the ring, what was the amount paid by the customer after the discount?

• (a) Rs. 35,000
• (b) Rs. 32,000
• (c) Rs. 38,000
• (d) Rs. 36,000

Answer

Correct Answer: (b) Rs. 32,000
The amount paid by the customer after the discount can be calculated as Amount\text{ paid} = M.P. \times (1 - \frac{Discount\%}{100}) . So, Amount\text{ paid} = 40000 \times (1 - \frac{20}{100}) = 40000 \times 0.80 = Rs. 32,000 .

(20) A company bought 1000 shares of a company at Rs. 50 per share and sold them at Rs. 60 per share, making a profit of Rs. 10 per share. What was the total profit made on all shares?

• (a) Rs. 5,000
• (b) Rs. 10,000
• (c) Rs. 1,000
• (d) Rs. 10,000

Answer

Correct Answer: (d) Rs. 10,000
The profit made on each share is Rs. 10, and the company bought 1000 shares. Therefore, the total profit on all shares is Total\text{ profit} = 10 \times 1000 = Rs. 10,000 .