Profit and Loss

(26) A laptop was purchased for Rs. 45,000 and sold at a loss of 15%. What was the selling price of the laptop?

• (a) Rs. 38,250
• (b) Rs. 38,250
• (c) Rs. 40,500
• (d) Rs. 42,750

Answer

Correct Answer: (b) Rs. 38,250
The selling price (S.P.) can be calculated using the formula S.P. = C.P. \times (1 - \frac{Loss\%}{100}) . So, S.P. = 45000 \times (1 - \frac{15}{100}) = 45000 \times 0.85 = Rs. 38,250 .

(27) A shopkeeper sold 40 T-shirts at a profit of 20% each. If the cost price of each T-shirt is Rs. 250, what was the total profit made on all T-shirts?

• (a) Rs. 1,000
• (b) Rs. 2,000
• (c) Rs. 800
• (d) Rs. 1,500

Answer

Correct Answer: (b) Rs. 2,000
The profit made on each T-shirt is Profit\text{ per T-shirt} = C.P. \times \frac{Profit\%}{100} = 250 \times \frac{20}{100} = Rs. 50 . Therefore, the total profit on 40 T-shirts is Total\text{ profit} = 40 \times 50 = Rs. 2,000 .

(28) A company bought 500 pens for Rs. 3,500 and sold them at Rs. 10 each. What was the percentage profit earned on each pen?

• (a) 185.71%
• (b) 210%
• (c) 157.14%
• (d) 185.71%

Answer

Correct Answer: (d) 185.71%
The percentage profit per pen can be calculated using the formula Profit\% = \frac{Profit}{C.P.} \times 100 . Each pen made a profit of Rs. 10 – Rs. 7 = Rs. 3, and the cost price (C.P.) of each pen was Rs. 7. Therefore, Profit\% = \frac{3}{7} \times 100 \approx 42.857\% \approx 185.71\% .

(29) A refrigerator was sold for Rs. 32,000, resulting in a profit of 25%. What was the cost price of the refrigerator?

• (a) Rs. 28,000
• (b) Rs. 25,600
• (c) Rs. 24,000
• (d) Rs. 26,000

Answer

Correct Answer: (b) Rs. 25,600
The cost price (C.P.) can be calculated using the formula C.P. = \frac{S.P.}{(1 + \frac{Profit\%}{100})} . So, C.P. = \frac{32000}{(1 + \frac{25}{100})} = \frac{32000}{1.25} = Rs. 25,600 .

(30) A camera was sold at a loss of 12%. If the selling price was Rs. 22,000, what was the cost price of the camera?

• (a) Rs. 24,750
• (b) Rs. 20,000
• (c) Rs. 25,000
• (d) Rs. 22,000

Answer

Correct Answer: (c) Rs. 25,000
The cost price (C.P.) can be calculated using the formula C.P. = \frac{S.P.}{(1 - \frac{Loss\%}{100})} . So, C.P. = \frac{22000}{(1 - \frac{12}{100})} = \frac{22000}{0.88} = Rs. 25,000 .