Work profit & loss

Question No 1

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

Select the correct answer

$1199 $1209 $1219 $1229

Solution!
6% of 1150
= (1150*6)/100 = 69

Selling price = 1150+69 = 1219.

Question No 2

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

9 days 11 days 13 days 15 days

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 3

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

4 days 5 days 6 days 7 days

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 4

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

$409 $418 $429 $438

Solution!
12% of 475
=(475*12)/100 = 57

Selling price = 475-57 = 418.

Question No 5

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

Select the correct answer

$700000 $725000 $750000 $775000

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 6

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

$312 $280 $276 $332

Solution!
8% of 300
= (300*8)/100 = 24

Selling price = 300-24 = 276.

Question No 7

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

$21,000 $22,500 $25,300 $25,800

Solution!
85 / 18700 = 115 / x

x = (18700 * 115)/85 = 25300

Hence, S.P. = $25,300.

Question No 8

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

15 12 10 20

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..

Question No 9

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

15 16 18 25

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 10

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

35 40 45 50

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 11

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

Select the correct answer

$70 $72 $75 $80

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 12

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

30% 33.5% 35% 44%

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 13

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

15 days 20 days 25 days 30 days

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 14

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

Select the correct answer

$575 $600 $625 $650

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 15

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

$45 $50 $55 $60

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 16

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

Select the correct answer

$420000 $425000 $430000 $435000

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 17

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

4 days 6 days 8 days 12 days

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 18

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

100/7 % gain 100/7 % loss 15 % gain 15 % loss

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 19

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

35 30 28 42

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 20

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

Rs. 1090 Rs. 1160 Rs. 1190 Rs. 1202

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

Question No 21

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

Rs. 18.20 Rs. 70 Rs. 72 Rs. 88.25

Solution!
C.P. = (100/122.5) * 392
= (1000/1225) * 392
= Rs. 320

Hence, Profit = Rs. (392 - 320) = Rs. 72..

Question No 22

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

15 16 18 25

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 23

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

4 days 6 days 8 days 12 days

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 24

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

Select the correct answer

3 4 5 6

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 25

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

3/4 4/3 5/3 7/8

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 26

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

Select the correct answer

1% 5% 10% 100%

Solution!
Profit = 110 - 100 = 10

Profit percentage = (10/100)*100 = 10%.

Question No 27

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

Select the correct answer

50 100 120 200

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 28

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

Select the correct answer

5 10 15 20

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

Question No 29

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

$301 $311 $289 $291

Solution!
14% of 350
(350*14)/100 = 49

selling price of the article = 350 - 49 = 301.

Question No 30

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

40 50 30 56

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 31

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

Select the correct answer

130 132 140 none

Solution!
10% of 120
= (120*10)/100 = 12

Selling price = 120+12 = 132.

Question No 32

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

5 days 6 days 10 days 15 days

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 33

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

Select the correct answer

10000 11000 12000 13000

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 34

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

60/11 % 55/9 % 15 % 9 %

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 35

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

20 days 22.5 days 25 days 30 days

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 36

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

Select the correct answer

$520 $540 $560 $580

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 37

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

1/4 1/10 7/15 8/15

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 38

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

Select the correct answer

5 10 20 25

Solution!
Decrease in price = 70-56 = 14

Percentage decrease = (14/70)*100 = 20%.

Question No 39

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

Select the correct answer

420000 430000 440000 450000

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 40

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

55 50 45 40

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 41

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

11 days 13 days 14 days 17 days

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 42

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

Select the correct answer

$498.8 $508 $508.8 $520

Solution!
16% of 430 = (430*16)/100 = 68.8

Selling price = 430 + 68.8 = 498.8.

Question No 43

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

23 days 37 days 37.5 days 40 days

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 44

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

40/3 days 15 days 20 days 26 days

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 45

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

5% 8% 10% 12%

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 46

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

Select the correct answer

10% 15% 20% 25%

Solution!
Profit = 15400 - 14000 = 1400

Profit percentage = (1400/14000)*100 = 10%.

Question No 47

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

Select the correct answer

35 42 30 45

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 48

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

Select the correct answer

220 225 230 250

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 49

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

Select the correct answer

10 15 20 25

Solution!
Increase in income = 14400 - 12000 = 2400

Percentage increase = (2400/12000)*100 = 20%.

Question No 50

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

4 days 6 days 8 days 18 days

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 51

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

Rs. 60 Rs. 60.5 Rs. 61 Rs. 61.5

Solution!
10% of 55 = (55*10)/100 = 5.5

Price of fuel after butget = 55+5.5 = 60.5.

Question No 52

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

5 5.5 6 8

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 53

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

3 5 7 10

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 54

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

1/24 days 7/24 days 24/7 days 4 days

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 55

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

324400 334400 344400 none

Solution!
12% of 380000
(380000/100)*12 = 45600

Price of the car = 380000 - 45600 = 334400.

Question No 56

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

Select the correct answer

425000 450000 465000 470000

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 57

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

Select the correct answer

5 10 15 20

Solution!
Increase in price = 420000 - 400000
= 20000

Percentage increase = (20000/400000)*100
= 5%.

Question No 58

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

Select the correct answer

11.11% 9.09% 8.7% 25%

Solution!
Profit = 500000-450000 = 50000

Profit percentage= (50000/450000)*100 = 11.11%.

Question No 59

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

8 hours 10 hours 12 hours 24 hours

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 60

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

Select the correct answer

20 25 30 35

Solution!
Decrease in value of house = 250000 - 200000 = 50000

Percentage decrease = (50000/250000)*100 = 20%.

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