Profit and Loss Practice Test 8

Question : 30 of 40

Marks: +1, -0

Rohit bought 20 soaps and 12 toothpastes. He marked up the soaps by 15% on the cost price of each and the toothpastes by Rs 20 on the cost price of each. He sold 75% of the soaps and 8 toothpastes and made a profit of Rs 385. If the cost of toothpaste is 60% of the cost of soap and he got no return on the unsold items, what was his overall profit or loss?

Loss of Rs 355
Loss of Rs 210
Loss of Rs 250
None of the above

Validate

Solution:

\table ,\Quantity ,\CP, \Marked \Price, \SP;\Soaps ,20 ,100 , 100 +15/100×100=115, 15 × 115 = 1725;\Tooth-\pastes,12, 60 ,60 + 20 = 80, 8 × 80 = 640

Total SP of 15 soaps and 8 tooth pastes = 2,365
Total SP of 20 soaps and 12 tooth pastes = 2,720
Overall loss = 2,720 - 2,365 = Rs 355

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