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# Test: Profit And Loss- 2

## 10 Questions MCQ Test Quantitative Aptitude for GMAT | Test: Profit And Loss- 2

Description
This mock test of Test: Profit And Loss- 2 for Quant helps you for every Quant entrance exam. This contains 10 Multiple Choice Questions for Quant Test: Profit And Loss- 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Profit And Loss- 2 quiz give you a good mix of easy questions and tough questions. Quant students definitely take this Test: Profit And Loss- 2 exercise for a better result in the exam. You can find other Test: Profit And Loss- 2 extra questions, long questions & short questions for Quant on EduRev as well by searching above.
QUESTION: 1

Solution:
QUESTION: 2

Solution:
QUESTION: 3

### A man sells two houses at the rate of Rs.1.995 lakhs each. On one he gains 5% and on the other, he loses 5%. What is his gain or loss percent in the whole transaction?

Solution:

The correct answer is A as QUESTION: 4

On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. What is the cost price of a ball?

Solution:

Let the cost price of a ball be Rs. x.

So, the CP of 17 balls is Rs. 17x.

The CP of 5 balls is Rs. 5x.

Since Loss = CP - SP

So, 5x = 17x - 720

On solving, we get

12 x = 720

that is, x = 60

So, the cost price of a ball is Rs. 60.

QUESTION: 5

If a material is sold for Rs.34.80, there is a loss of 25%. Find out the cost price of the material?

Solution:

The correct answer is A as
cost price
=34.80×100/75
=46.40

QUESTION: 6

A shopkeeper sells one more radio for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. What is his total gain or loss percentage?

Solution:
QUESTION: 7
When an item is sold for Rs. 18,700, the owner loses 15%. At what price should that plot be sold to get a gain of 15%?

Solution:
QUESTION: 8

100 oranges were brought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. What is the percentage of profit or loss?

Solution:
QUESTION: 9
A fruit seller sells apples at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%?

Solution:
QUESTION: 10
John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and Rs.1000 on transport he sold it with 25% profit. What price did he sell the machine?

Solution: