PROFIT AND LOSS
Q1. By selling a chair for Rs. 572, a man gains 30%. The cost price of the chair is. (in Rs.)
1) 340 2) 400 3) 440 4) 350 5) None
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Q2. On selling an article for Rs. 48, one loses 20%. In order to gain 20%, what would be the selling price? (in Rs.)
1) 52 2) 56 3) 68 4) 72 5) None
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Q3. A man sells an article at a loss of 10%. Had he sold it for Rs. 112 more; he could still have gained 6%. What is the cost price of the article?
1) 700 2) 350 3) 432 4) 400 5) None
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Q4. By selling 36 oranges a vendor loses the selling price of 4 oranges. His loss percent is
1) 12 ½% 2) 11% 3) 10% 4) 12% 5) None
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Q5. By selling 100 pencils a shopkeeper gains the selling price of 20 pencils. His gain percent is
1) 25% 2) 20% 3) 15% 4) 12% 5) None
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Q6. Ravi buys some toffees at 2 for a rupee and sells them at 5 for a rupee. His loss percent is:
1) 120% 2) 90% 3) 30% 4) 40% 5) None
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Q7. A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
1) 3 2) 4 3) 5 4) 6 5) None
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Q8. A vender sold toffees at 24 for a rupee at loss of 20% . How many for a rupee must sell to gain 20% ?
1) 20 2) 16 3) 15 4) 18 5) None
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Q9. The profit earned after selling an article for Rs. 625 is the same as loss incurred after selling the article for Rs. 435. The cost price of the article is:
1) 520 2) 530 3) 540 4) 550 5) None
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Q10. A sold a watch to B at 20% gain and B sold it to C at a loss of 10%. If C bought the watch for Rs. 216, at what price did A purchase it
1) 200 2) 216 3) 250 4) 176 5) None
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Q11. If the wholesale dealer gains 5% and the retailer 20%, if retail price is
Rs. 1260, then the cost price of wholesaler
of an article.
1) 825 2) 950 3) 835 4) 1000 5) None
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Q12. A dealer professing to sell his goods at cost price uses 900 gm weight for 1kg. His gain percent is.
1) 11.11% 2) 12% 3) 13% 4) 12.1% 5) None
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Q13. A milkman professing to sell milk at cost price uses a jar of ‘x’ ml volume instead of 1 litre. His gain percent is 25%. Find the value of ‘x’ (in ml.)
1) 850 2) 750 3) 800 4) 900 5) None
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Q14. A shopkeeper marks his goods to gain 35%. But he allows 10% discount for cash payment. His profit percent for sale cash.
1) 23½ % 2) 21½ % 3) 31½ % 4) 30% 5) None
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Q15. A dealer offers a discount of 10% on the marked price of an article and still makes a profit of 20%. If its marked price is Rs. 800, and then the cost price.
1) 600 2) 700 3) 800 4) 900 5) None
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Q16. Successive discounts of 10% and 20% are equivalent to a single discount of
1) 15% 2) 28% 3) 30% 4) 18% 5) None
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Q17. A single discount equivalent to successive discounts of 30%, 20% and 10% is
1) 50% 2) 51% 3) 49.6% 4) 49% 5) None
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Q18. A pen is listed for Rs. 12. A discount of 15% is given on it. A second discount is given bringing the price down to Rs. 8.16. The rate of second discount is
1) 15% 2) 18% 3) 20% 4) 25% 5) None
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Q19. A man sold two pipes at Rs. 12 each. On one he gained 20% and on other lost 20%. On the whole he
1) neither gain or loss 2) Gained Re. 1
3) Lost Re. 1 4) Gained Rs. 2 5) None
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Q20. Two-thirds of a consignment was sold at a profit of 6% and the rest at a loss of 3%. If there was an overall profit of Rs. 540, the value of the consignment was
1) 15000 2) 18000 3) 16000 4) 12000 5) None
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Q21. If goods be purchased for a certain price, and one-third be sold at a loss of 10%, at what gain % should the remainder be sold so as to gain 20% profit on the whole transaction.
1) 10% 2) 25% 3) 35% 4) 30% 5) None
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Q22. A person sold two good at same price each. On one he gained 35% and on other lost 10%. Find the overall gain %
1) 8% 2) 12% 3) 15% 4) 25% 5) None
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Q23. A shopkeeper offers his customers 10% discount and still makes a profit of 26%. What is the actual cost of an article for him marked Rs. 280
1) 175 2) 215 3) 250 4) 235 5) None
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Q24. A man sells an article at a gain of 10%. If he had bought it at 10% less and sold it for Rs. 132 less, he would have still gained 10%. The cost price of the article is :
1) 1200 2) 1188 3) 1320 4) 1220 5) None
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Q25. A trader sells goods to a customer at a profit of k% over the cost price, besides it he cheats his customer by giving 880 gms only instead of 1 kg. Thus his overall profit is 25%. Find the value of k.
1) 11% 2) 12% 3) 10% 4) 15% 5) None
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Q26. I asked the shopkeeper the price of wristwatch. I found that I had just the required sum of money, When the shopkeeper allowed me a discount of 25%, I could buy another watch worth Rs. 940 for my sister. What is the price which I have paid for my own watch?
1) 2700 2) 1800 3) 2820 4) 3760 5) None
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Q27. A person first bought some oranges at 4 for Rs.10 and then he bought same quantity at 5 for Rs.10. After that he sold all oranges at 9 for Rs. 20. Find the loss %.
1) 100/9% 2) 100/27% 3) 100/81% 4) 15% 5) None
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Answers
1) 3 2) 4 3) 1 4) 3 5) 1 6) 5
7) 3 8) 2 9) 2 10) 1 11) 4 12) 1
13) 3 14) 2 15) 1 16) 2 17) 3 18) 3
19) 3 20) 2 21) 3 22) 1 23) 5 24) 1
25) 3 26) 3 27) 3
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