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Profit and Loss - Questions and Answers

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26. If book bought at prices ranging from Rs. 200 to Rs. 350 are sold a prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling 8 books?
A. Rs. 400
B. Rs. 600
C. cannot be determined
D. none of these
Explanation: ANSWER : none of these
27. By selling 100 bananas, a fruitseller gains the selling price of 20 bananas. His gain per cent is:
A. 10%
B. 15%
C. 20%
D. 25%
Explanation: ANSWER : 25%
28. The C.P. of an article is 40% of the S.P. The per cent that the S.P. is of C.P. is:
A. 40
B. 60
C. 240
D. 250
Explanation: ANSWER : 250
29. The selling price of 12 articles is equal to the cost price of 15 articles. The gain per cent is:
A. 6
B. 20%
C. 25%
D. 80%
Explanation: ANSWER : 25%
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