 ## Profit, Loss and Interest Test 2

Instructions

For the following questions answer them individually

Q 1

A shopkeeper buys wheat at a wholesale price of Rs 85 per bag. He sells 40% of the bags at a price of Rs 60 each. At what price should he sell the remaining bags so that he makes an overall profit of 10%?

Q 2

Abhi and Bablu started a business with an investment of Rs 30000 and Rs 18000 respectively. After 5 months, Chintu joined them with an investment of Rs 45000. If the profit after one year is Rs 19800, find the profit share of Chintu.

Q 3

Ashish buys 100 shares of Apple corp at 500 per share. If the company issues a dividend of 10 rupees per share during Ashish's holding period and he sells the shares at 550 per share, what is the total profit made by Ashish?

Q 4

Given that the total interest paid over 25 years is 100% more than the borrowed principal ‘P’ at a certain rate of simple interest r. At the same rate of simple interest r, the total interest paid over n years is 200% more than the borrowed principal ‘2P’. What is the ratio of the total interest paid over (50 - n) years on a principal of ‘4P’ to the borrowed principal ‘4P’ at the same rate of simple interest r?

Q 5

A trader makes 20% profit after giving 25% discount on the marked price. What discount should be given on marked price to make a profit of 40%?