Q 1: A rice merchant purchased 50 bags of rice at $300 per bag. He spent $500 towards transportation. Due to lack of demand for rice, he incurred a loss of 30%. At what price did he sell each bag of rice?
$238
$317
$217
$295
|
Q 2: A trader purchased 5000 coconuts, at $110 per 100 coconuts. 10% of the coconuts were damaged during transportation. He spent $575 for the transportation. If he gained 40% profit, at what price did he sell them?
$1.89 each
$2.00 each
$3.15 each
$1.50 each
|
Q 3: A mechanic purchased two motor bikes for $7,500 and $6,000 respectively. He sold the first one for a profit of 15% and the second bike for a loss of 20%. How much did he lose or gain on both the transactions together?
$75 loss
$75 profit
$60 loss
$80 profit
|
Q 4: Bobby purchased pens at the rate of $42 per dozen. If he earned a profit of 14 2/7% by selling them on eBay. What was his selling price per dozen?
$50
$48
$52
$46
|
Q 5: Linda sold two books at $15 each on eBay -- profit on one was 25% and loss on the other was 25%. How much did she gain or lose overall?
5 3/4% loss
6 1/4% gain
no profit or loss
6 1/4% loss
|
Q 6: Peter purchased a cow for $2,250. If he wants to gain 25%, what should be his selling price?
$2,875.25
$2,585.50
$2,812.50
$3000.00
|
Q 7: A fruit vendor purchased four branches of bananas consisting of 540 fruits in all for $168.75. He sold 15 dozens at 2 bananas a dollar, another 15 dozens at 3 bananas a dollar and the remaining at 5 bananas a dollar. Find his loss or gain percentage.
13 1/4% profit
13 1/4% loss
10 2/9% loss
10 2/9% profit
|
Q 8: A trader purchased 1,000 books at the rate of $5.40 per book and spent $200 towards transportation. If he wants to earn a profit of 12 1/2%, at what price should he sell each book?
$6.30
$7.60
$8.45
$5.50
|
|
Question 9: This question is available to subscribers only!
|
Question 10: This question is available to subscribers only!
|
|
