Introduction to Profit and Loss

Introduction to Profit and Loss

Questions

#### If a company has a profit of Rs. 5000 and their revenue is Rs. 25000, what is their profit margin? 1. [x] 20% 2. [ ] 200% 3. [ ] 0.2% 4. [ ] 2% #### If a company sells 150 units of a product at a price of Rs. 250 each, and the cost to make each product is Rs. 200, what is their profit? 1. [ ] Rs. 3750 2. [x] Rs. 7500 3. [ ] Rs. 15000 4. [ ] Rs. 22500 #### A seller uses faulty weight in place of a 2kg weight and earns a 25% profit. He claims that he is selling on the cost price in front of the customer but uses a faulty weight. How much error is there in the 2 kg weight to gain 25%? 1. [ ]250g 2. [x]400g 3. [ ]500g 4. [ ]300g #### A mixer marked at ₹2,300 is sold for ₹2,024. What is the % of discount? 1. [ ]13% 2. [ ]10% 3. [x]12% 4. [ ]11% #### A tradesman marks his goods at 26% above the cost price. He allows his customer a discount of 12% on the marked price. His profit % is? 1. [x]10.88% 2. [ ]11.48% 3. [ ]10.50% 4. [ ]10%

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