Q 1: 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?
$7.60
$8.45
$6.30
$5.50
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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?
$3.15 each
$1.89 each
$2.00 each
$1.50 each
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Q 3: 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?
$317
$295
$238
$217
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Q 4: Peter purchased a cow for $2,250. If he wants to gain 25%, what should be his selling price?
$2,585.50
$2,812.50
$3000.00
$2,875.25
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Q 5: 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?
$48
$50
$46
$52
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Q 6: 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% profit
10 2/9% loss
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Q 7: Jack purchased a refrigerator for $8,000. Due to transfer to a far-off place, he had to sell it for a loss of 15%. What was his selling price?
$6,800
$6,375
$6,236
$6,500
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Q 8: 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?
6 1/4% gain
6 1/4% loss
5 3/4% loss
no profit or loss
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Question 9: This question is available to subscribers only!
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Question 10: This question is available to subscribers only!
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