Preperation of Work profit & loss



Question No 1

A can do a certain work in the same time in which B and C together can do it.If A and B together could do it in 10 days and C alone in 50 days,then B alone could do it in

Select the correct answer


Solution!
(A + B)'s 1 day's work = 1/10! !C's 1 day's work = 1/50! !(A + B + C)'s 1 day's work = (1/10 + 1/50) = 6/50 = 3/25...(1)! !A's 1 day's work = (B + C)'s 1 day's work .... (2)! !From (1) and (2), we get!2 * (A's 1 day's work) = 3/25! !A's 1 day's work = 3/50! !So, B's 1 day's work (1/10 - 3/50) = 2/50 = 1/25! !Hence, B alone could do the work in 25 days..

Question No 2

What will be the selling price of an article that was bought for $1150 and sold at profit of 6%?

Select the correct answer


Solution!
6% of 1150!= (1150*6)/100 = 69! !Selling price = 1150+69 = 1219.

Question No 3

Price of a car increased from $400000 to $420000. What is the percentage increase?

Select the correct answer


Solution!
Increase in price = 420000 - 400000! = 20000! !Percentage increase = (20000/400000)*100! = 5%.

Question No 4

A, B and C can complete a piece of work in 24, 6 and 12 days respectively.Working together,they will complete the same work in

Select the correct answer


Solution!
As we know that!If A can do a piece of work in n days, then A's 1 day's work = 1/n! !(A + B + C)'s 1 day's work = (1/24 + 1/6 + 1/12) = 7/24! !If A's 1 day's work = 1/n then,!A can finish the work in 'n' days.! !So, all the three together will complete the job in (24/7) days..

Question No 5

A shopkeeper bought an article for $120 and sold at profit of 10%. What is selling price of the article?

Select the correct answer


Solution!
10% of 120!= (120*10)/100 = 12! !Selling price = 120+12 = 132.

Question No 6

10 women can complete a work in 7 days and 10 children take 14 days to complete the work.How many days will 5 women and 10 children take to complete the work?

Select the correct answer


Solution!
1 woman's 1 day's work =1/70! !1 child's 1 day's work =1/140! !(5 women + 10 children)'s 1 day's work = (5/70 + 10/140) = (1/14 + 1/14) = 1/7! !Hence, 5 women and 10 children will complete the work in 7 days..

Question No 7

If 6 men and 8 boys can do a piece of work in 10 days while 26 men and 48 boys can do the same in 2 days, the time taken by 15 men and 20 boys in doing the same type of work will be

Select the correct answer


Solution!
Let, 1 man's 1 day's work = x!and 1 boy's 1 day's work = y! !Then, 6x + 8y = 1/10!and 26x + 48y = 1/2! !Solving these two equations, we get!x = 1/100!and y = 1/200! !(15 men + 20 boy)'s 1 day's work = (15/100 + 20/200) = 1/4! !Hence, 15 men and 20 boys can do the work in 4 days..

Question No 8

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

Select the correct answer


Solution!
(C.P. of 17 balls) - (S.P. of 17 balls) = (C.P. of 5 balls)! !C.P. of 12 balls = S.P. of 17 balls = $720! !C.P. of 1 ball = $60.

Question No 9

An article was bought for $300 and sold at a loss of 8%. What is the selling price of the article?

Select the correct answer


Solution!
8% of 300!= (300*8)/100 = 24! !Selling price = 300-24 = 276.

Question No 10

A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

Select the correct answer


Solution!
C.P. of 6 toffees = Re. 1! !S.P. of 6 toffees = 120% of Re. 1 = Rs. 6/5! !For Rs. 6/5,!toffees sold = 6.! !For Re. 1, toffees sold = (6 * 5/6) = 5.

Question No 11

An estate agent sold a property at a profit of 10% for $825000. What was cost price of the property?

Select the correct answer


Solution!
Let cost price of the property is x.!10% of x = 10x/100 = x/10! !Now!825000 - (x/10) = x!8250000 - x = 10x!8250000 = 11x!x = 750000! !Hence cost price of the property is $750000..

Question No 12

X can do a piece of work in 40 days.He works at it for 8 days and then Y finished it in 16 days.How long will they together take to complete the work?

Select the correct answer


Solution!
Work done by X in 8 days = (1/40 * 8)!= 1/5! !Remaining work = (1 - 1/5)!4/5! !Now, 4/5 work is done by Y in 16 days.! !Whole work will be done by Y in (16 * 5/4)!= 20 days! !So,!X's 1 day's work = 1/40!Y's 1 day's work = 1/20! !(X + Y)'s 1 day's work = (1/40 + 1/20) = 3/40! !Hence, X and Y will together complete the work in 40/3 days.

Question No 13

Cost price of a camera was $430 and it was sold at profit of 16%. What is its selling price?

Select the correct answer


Solution!
16% of 430 = (430*16)/100 = 68.8! !Selling price = 430 + 68.8 = 498.8.

Question No 14

Ali bought a house for $450000 and sold it for $500000. What is his profit percentage?

Select the correct answer


Solution!
Profit = 500000-450000 = 50000! !Profit percentage= (50000/450000)*100 = 11.11%.

Question No 15

In a ship the provisions are sufficient for 800 men for 50 days. How long will these be sufficient for if there would have been 200 more men?

Select the correct answer


Solution!
Let provisions will be sufficient for 200 men for x days.!As men and days are inversely proportional to each other so!x/50 = 800/1000!x = 40! !Hence provisions will be sufficient for 200 men for 40 days..

Question No 16

4 men and 6 women can complete a work in 8 days, while 3 men and 7 women can complete it in 10 days. In how many days will 10 women complete it?

Select the correct answer


Solution!
Let, 1 man's 1 day's work = x!and!1 woman's 1 day's work = y! !Then, 4x + 6y = 1/8 nd 3x + 7y = 1/10! !Solving the two equations, we get!x = 11/400!y = 1/400! !So, One woman's 1 day's work = 1/400! !10 women's 1 day's work = (1/400 * 10) = 1/40! !Hence, 10 women will complete the work in 40 days..

Question No 17

Price of an article decreased from $70 to $56. What is the percentage decrease?

Select the correct answer


Solution!
Decrease in price = 70-56 = 14! !Percentage decrease = (14/70)*100 = 20%.

Question No 18

A car was bought for $380000 four years ago and during these four year it price decreases by 12%. What is its value now?

Select the correct answer


Solution!
12% of 380000!(380000/100)*12 = 45600! !Price of the car = 380000 - 45600 = 334400.

Question No 19

A takes twice as much time as B or thrice as much time as C to finish a piece of work.Working together,they can finish the work in 2 days.B can do the work alone in

Select the correct answer


Solution!
Suppose A, B and C take x, x/2, x/3 days respectively to finish the work.! !Then,!(1/x + 2/x + 3/x) = 1/2!6/x = 1/2!x=12! !So, B takes (12/2) = 6 days to finish the work..

Question No 20

A can do a piece of work in 4 hours; B and C together can do it in 3 hours,while A and C together can do it in 2 hours.How long will B alone take to do it?

Select the correct answer


Solution!
A's 1 hour's work = 1/4! !(B + C)'s 1 hour's work = 1/3! !(A + C)'s 1 hour's work = 1/2! !(A + B + C)'s 1 hour's work = (1/4 + 1/3) = 7/12! !B's 1 hour's work = (7/12 - 1/2) = 1/12! !Hence, B alone will take 12 hours to do the work..

Question No 21

Value of a house decreased from $250000 to $200000. What is the percentage decrease in the value?

Select the correct answer


Solution!
Decrease in value of house = 250000 - 200000 = 50000! !Percentage decrease = (50000/250000)*100 = 20%.

Question No 22

Twenty women can do a work in sixteen days. Sixteen men can complete the same work in fifteen days. What is the ratio between the capacity of a man and a woman?

Select the correct answer


Solution!
(20 x 16) women can complete the work in 1 day.! !So, woman's 1 day's work = 1/320! !(16 x 15) men can complete the work in 1 day.! !So, 1 man's 1 day's work = 1/240! !So, required ratio = (1/240) / (1/320)!= (1/3) / (1/4) = 4/3.

Question No 23

A group of workers can do a piece of work in 24 days. However as 7 of them were absent it took 30 days to complete the work. How many people actually worked on the job to complete it?

Select the correct answer


Solution!
Let x workers are required to complete the job.!As workers and days are inversely proportional to each other so!(x-7)/x = 24/30!30x - 210 = 24x!6x = 210!x = 35! !Hence 35 workers are required to complete the job in time..

Question No 24

A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg.His profit percent is

Select the correct answer


Solution!
C.P. of 56 kg rice = (26 x 20 + 30 x 36) = (520 + 1080) = Rs. 1600! !S.P. of 56 kg rice = Rs. (56 x 30) = Rs. 1680! !Hence, Gain = (80/1600)*100 = 5%.

Question No 25

By selling a car for Rs. 495000 an agent gains 10%. What was his cost?

Select the correct answer


Solution!
Let cost price of the car is x.!10% of x = 10x/100 = x/10! !Now!495000 - (x/10) = x!4950000 - x = 10x!4950000 = 11x!x = 450000.

Question No 26

A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?

Select the correct answer


Solution!
C.P. = (100/122.5) * 392!= (1000/1225) * 392!= Rs. 320! !Hence, Profit = Rs. (392 - 320) = Rs. 72..

Question No 27

With an increase of 12% salary of Ali became Rs13440. What was his salary before increase?

Select the correct answer


Solution!
Let before increase Ali's salary was x.!12% of x = 12x/100 = 3x/25! !Now!13440 - 3x/25 = x!336000 - 3x = 25x!336000 = 28x!x = 12000! !Hence Ali's salary before increase was Rs. 12000.

Question No 28

A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

Select the correct answer


Solution!
S.P. = 85% of Rs. 1400 =(85/100)*1400!=Rs. 1190.

Question No 29

Price of a fuel increased by 10% during budget. If its price before budget was Rs. 55 per liter what is its price after the budget?

Select the correct answer


Solution!
10% of 55 = (55*10)/100 = 5.5! !Price of fuel after butget = 55+5.5 = 60.5.

Question No 30

A works twice as fast as B.If B can complete a work in 12 days independently,The number of days in which A and B can together finish the work in

Select the correct answer


Solution!
Ratio of rates of working of A and B = 2/1! !So, ratio of times taken = 1/2! !B's 1 day's work = 1/12! !A's 1 day's work = 1/6!(2 times of B's work)! !(A + B)'s 1 day's work = (1/6 + 1/12) = 1/4! !So, A and B together can finish the work in 4 days..

Question No 31

What will be the selling price of an article that was bought for $350 and sold at a loss of 14%?

Select the correct answer


Solution!
14% of 350!(350*14)/100 = 49! !selling price of the article = 350 - 49 = 301.

Question No 32

By selling an article for $200 shopkeeper looses 20%. What is cost price of the article?

Select the correct answer


Solution!
Let cost price of the article is x.! !20% of x = (x*20)/100 = x/5! !Now!(x/5) + 200 = x!x+1000 = 5x!4x = 1000!x = 250! !Hence cost price of the article is 250..

Question No 33

9 excavators working 10 hours a day remove 2500 cubic feet of earth in 3 days. How many excavators working 6 hours a day are required to remove 5000 cubic feet of earth in 2 days?

Select the correct answer


Solution!
Let x excavators are required.!As excavators are inversely proportional to hours and days and directly proportional to work progress so!x/9 = (10/6)*(5000/2500)*(3/2)!x = 45! !Hence 45 excavators are required to remove 5000 cubic feet of earth..

Question No 34

By selling a Television for $572 Adam lost 12%. What was the cost price of the television?

Select the correct answer


Solution!
Let cost price of the television is x.!12% of x = 12x/100 = 3x/25! !Now!(3x/25)+572 = x!3x + 14300 = 25x!14300 = 22x!x = 650! !Hence cost price of the television is $650..

Question No 35

John's income increased from $12000 to $14400. What is percentage increase in his income?

Select the correct answer


Solution!
Increase in income = 14400 - 12000 = 2400! !Percentage increase = (2400/12000)*100 = 20%.

Question No 36

When a plot is sold for $18,700, the owner loses 15%.At what price must that plot be sold in order to gain 15%?

Select the correct answer


Solution!
85 / 18700 = 115 / x! !x = (18700 * 115)/85 = 25300! !Hence, S.P. = $25,300.

Question No 37

If selling price is doubled, the profit triples. Find the profit percent.

Select the correct answer


Solution!
Let! C.P. be Rs. x and S.P. be Rs. y.! !Then,! 3(y - x) = (2y - x)!y = 2x! !Profit = Rs. (y - x) = Rs. x! !Profit % = (x/x)*100 = 100%.

Question No 38

25 tailors can make 35 dresses in 1 day. How many dresses can 6 tailors make in 5 days?

Select the correct answer


Solution!
Let x dresses can be made.!As dresses are directly proportional to tailors and days so!x/35 = (6/25)*(5/1)!x = 42! !Hence 42 dresses can be made by 6 tailors in 5 days..

Question No 39

A is 30% more efficient than B. How much time will they, working together, take to complete a job which A alone could have done in 23 days?

Select the correct answer


Solution!
Ratio of times taken by A and B = 100/130 = 10/13! !Suppose B takes x days to do the work.! !Then, 10/13 = 23/x!x = (23*13)/10!x = 299/10! !A's 1 day's work = 1/23! !B's 1 day's work = 10/299! !(A + B)'s 1 day's work = (1/23 + 10/299) = 23/299 = 1/13! !Therefore, A and B together can complete the work in 13 days..

Question No 40

Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is

Select the correct answer


Solution!
Suppose, number of articles bought =L.C.M. of 6 and 5!= 30! !C.P. of 30 articles = (5/6) * 30 = Rs. 25! !S.P. of 30 articles = (6/5)*30! = Rs. 36! !Hence, Gain % = (11/25) * 100 = 44%.

Question No 41

The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is

Select the correct answer


Solution!
Let!C.P. of each article be Re. 1 C.P. of x articles = Rs. x.! !S.P. of x articles = Rs. 20.! !Profit = Rs. (20 - x)! !So, (20-x)/x * 100 = 25!2000 - 100x = 25x!125x = 2000! !Hence, x = 16.

Question No 42

A can do a work in 15 days and B in 20 days.If they work on it together for 4 days,then the fraction of the work that is left is

Select the correct answer


Solution!
A's 1 day's work = 1/15! !B's 1 day's work = 1/20! !(A + B)'s 1 day's work = (1/15 + 1/20) = 7/60! !(A + B)'s 4 day's work = (7/60 * 4) = 7/15! !Therefore, Remaining work = (1 - 7/15) = 8/15.

Question No 43

Ali sold a house at a loss of 15% for Rs. 382500. What was the cost price of the house?

Select the correct answer


Solution!
Let cost price of the house is x.!15% of x = 15x/100 = 3x/20! !Now!(3x/20)+382500 = x!3x + 7650000 = 20x!7650000 = 17x!x = 450000!Hence cost price of the house is Rs. 450000.

Question No 44

A and B can do a work in 8 days, B and C can do the same work in 12 days. A, B and C together can finish it in 6 days. A and C together will do it in

Select the correct answer


Solution!
(A + B + C)'s 1 day's work = 1/6! !(A + B)'s 1 day's work = 1/8! !(B + C)'s 1 day's work = 1/12! !So, (A + C)'s 1 day's work = (2* 1/6) - (1/8 + 1/12)!= (1/3 - 5/24) = (3/24) = 1/8! !So, A and C together will do the work in 8 days..

Question No 45

By selling an article for $84 shopkeeper earns 12% profit. What was cost price of the article?

Select the correct answer


Solution!
Let cost price of the article is x.!12% of x = 12x/100 = 3x/25! !Now!84 - (3x/25) = x!2100 - 3x = 25x!2100 = 28x!x = 75! !Hence cost price of the article is $75..

Question No 46

A and B can do a job together in 7 days. A is 7/4 times as efficient as B.The same job can be done by A alone in

Select the correct answer


Solution!
(A's 1 day's work) / (B's 1 day's work) = 7/4! !Let A's and B's 1 day's work be 7x and 4x respectively.! !Then,!7x + 4x = 1/7!11x = 1/7!x = 1/77! !Hence, A's 1 day's work = (1/77 * 7) = 1/11.

Question No 47

A salesman bought a pen for Rs. 100 and sold it for Rs. 110. What is his profit percent?

Select the correct answer


Solution!
Profit = 110 - 100 = 10! !Profit percentage = (10/100)*100 = 10%.

Question No 48

100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen.The percentage of profit or loss is

Select the correct answer


Solution!
C.P. of 1 orange = 350/100 = Rs. 3.50! !S.P. of 1 orange = 48/12 = Rs. 4! !Hence, Gain% = (0.50)/(3.50) * 100 = 100/7 %.

Question No 49

A farmer bought a cow for Rs. 14000 and sold it for Rs. 15400. Find his profit percentage.

Select the correct answer


Solution!
Profit = 15400 - 14000 = 1400! !Profit percentage = (1400/14000)*100 = 10%.

Question No 50

John sold a house for $494500 at a profit of 15%. How much did he pay for it?

Select the correct answer


Solution!
Let cost price of the house is x.!15% of x = 15x/100 = 3x/20! !Now!494500 - (3x/20) = x!9890000 -3x = 20x!9890000 = 23x!x = 430000! !Hence cost price of the house is $430000..

Question No 51

Price of an article increased from $50 to $55. What is the percentage increase?

Select the correct answer


Solution!
Increase in price = 55-50 = 5!Percentage increase = (5/50)*100! =10%.

Question No 52

A does 80% of a work in 20 days. He then calls in B and they together finish the remaining work in 3 days. How long B alone would take to do the whole work?

Select the correct answer


Solution!
Whole work is done by A in (20 * 5/4) = 25 days! !Now, (1 - 4/5) i.e., 1/5 work is done by A and B in 3 days.! !Whole work will be done by A and B in (3 x 5) = 15 days.! !A's 1 day's work = 1/25!(A + B)'s 1 day's work = 1/15! !So, B's 1 day's work = (1/15 - 1/25) = 4/150 = 2/75! !Hence, B alone would do the work in 75/2 = 37.5 days..

Question No 53

Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is

Select the correct answer


Solution!
Cost Price (C.P.) = (4700 + 800) = Rs. 5500! !Selling Price (S.P.) = Rs. 5800! !Gain = (S.P.) - (C.P.) = (5800 - 5500) = Rs. 300! !Gain % = (300/5500) * 100 = 60/5 %.

Question No 54

A can finish a work in 24 days, B in 9 days and C in 12 days. B and C start the work but are forced to leave after 3 days. The remaining work was done by A in

Select the correct answer


Solution!
(B + C)'s 1 day's work = (1/9 + 1/12) = 7/36! !Work done by B and C in 3 days = (7/36 * 3)!= 7/12! !Remaining work = (1 - 7/12)!= 5/12! !Now, 1/24 work is done by A in 1 day.! !So, 5/12 work is done by A in (24 * 5/12) = 10 days..

Question No 55

Sakshi can do a piece of work in 20 days. Tanya is 25% more efficient than Sakshi. The number of days taken by Tanya to do the same piece of work is

Select the correct answer


Solution!
Ratio of times taken by Sakshi and Tanya = 125/100 = 5/4! !Suppose Tanya takes x days to do the work.! !5/4 = 20/x!x = (4*20)/5! !x = 16 days.! !Hence, Tanya takes 16 days to complete the work..

Question No 56

An article was sold at a loss of 15% for $476. What is the cost price of the article?

Select the correct answer


Solution!
Let cost price of the article is x.!15% of x = (15x)/100 = 3x/20! !Now!(3x/20) + 476 = x!3x+9520 = 20x!9520 = 17x!x = 560! !Hence cost price of the article is $560..

Question No 57

A can finish a work in 18 days and B can do the same work in 15 days. B worked for 10 days and left the job. In how many days, A alone can finish the remaining work?

Select the correct answer


Solution!
B's 10 day's work = (1/15 * 10) = 2/3! !Remaining work = (1 - 2/3) = 1/3! !Now, 1/18 work is done by A in 1 day.! ! Hence, 1/3 work is done by A in (18 * 1/3) = 6 days..

Question No 58

What will be the selling price of an article that was bought for $475 and sold at a loss of 12%?

Select the correct answer


Solution!
12% of 475!=(475*12)/100 = 57! !Selling price = 475-57 = 418.

Question No 59

A is thrice as good as a workman as B and therefore is able to finish a job in 60 days less than B.Working together,they can do it in

Select the correct answer


Solution!
Ratio of times taken by A and B = 1/3! !The time difference is (3 - 1) 2 days while B take 3 days and A takes 1 day.! !If difference of time is 2 days, B takes 3 days.! !If difference of time is 60 days, B takes (3/2 * 60) = 90 days! !So, A takes 30 days to do the work.! !A's 1 day's work = 1/30! !B's 1 day's work = 1/90! !(A + B)'s 1 day's work = (1/30 + 1/90) = 4/90 = 2/45! !Hence, A and B together can do the work in 45/2 = 22.5 days.

Question No 60

In a fort there is enough food sufficient for 1200 men for 10 days. How long the food would have last for if there would have been 1000 men.

Select the correct answer


Solution!
Let food will last for x days.!As men and days are inversely proportional to each other so!x/10 = 1200/1000!x = 12! !Hence food will last for 12 days if there were 1000 men..
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60

IQTestprepration@2018 All Rights Reserved