# Profit and Loss with Explanation

Q1. By selling an item at a certain price, a merchant gains 20%. If he sells it at the double price, then the profit percentage will be?

 A. 100 B. 40 C. 120 D. 140

Q2. The profit earned by selling 18 bicycles for Rs. 16,800 is equal to the cost price of 3 bicycles. What is the cost price of a bicycle?

 A. 800 B. 750 C. 700 D. 650

Q3. A fruit seller sold mangoes at a rate of 12 for Rs. 57 and bought at a rate of 8 for Rs. 34. In order to get a net profit of Rs. 45, how many mangoes should be sold?

 A. 135 B. 150 C. 90 D. 100

Q4. A retailer sold furniture at a discount of 5% and obtained a profit of 23.5%. What would be the profit percentage earned if no discount was offered?

 A. 28.5 B. 30 C. None of these D. 24.5

Q5. Govind purchased 20 kg of pulses at a rate of Rs. 14.25 per kg and 30 kg of pulses at a rate of Rs. 11.50 per kg. He decided to mix the two and sold the mixture.To make a profit of 30%, what price per kg should he sell the mixture?

 A. 15.60 B. 18.20 C. 14.80 D. 16.38

Q6. P sells a bike to Q at a profit of 20%. Q decides to sell it to R at a profit of 25%. If R pays Rs. 255 for it, find the cost price of the bike for P?

 A. 125 B. 120 C. 150 D. 110

Q7. A shopkeeper bought a bag full of toys at a rate of 7 for Rs. 9 and sold all of them at a rate of 8 for Rs.11. In this entire process, he gained Rs. 10. Can you find how many toys are there in the bag?

 A. 115 B. 112 C. 114 D. 100   