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