Profit and Loss
Exam Duration: 45 Mins Total Questions : 30
In terms of percentage profit, which is the best transaction ?
- (a)
C.P (in Rs.) Profit (in Rs.)
36 17
- (b)
C.P (in Rs.) Profit (in Rs.)
50 24
- (c)
C.P (in Rs.) Profit (in Rs.)
40 19
- (d)
C.P (in Rs.) Profit (in Rs.)
60 29
What is the cost price of the article?
I.The profit earned on the articles is one-third of the cost price.
II.The article is sold for Rs.400.
- (a)
If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
- (b)
If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
- (c)
If the data either in statement I or in the statement II are alone are sufficient to answer the question.
- (d)
If the data even in both statements I and II together are not sufficient to answer the question.
- (e)
If the data in both statements I and II together are necessary to answer the question.
What is the percentage profit earned by selling the product?
I.The profit earned was Rs.50
II.Had it been sold for Rs.310,the profit would have been RS.70.
- (a)
If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
- (b)
If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
- (c)
If the data either in statement I or in the statement II are alone are sufficient to answer the question.
- (d)
If the data even in both statements I and II together are not sufficient to answer the question.
- (e)
If the data in both statements I and II together are necessary to answer the question.
An item costing Rs.3000 is sold at a certain discount.Find the rate of discount offered.
I.The profit earned after discount is 5%.
II.Had the discount rate been doubled,the seller incurs a loss of 15%.
III.The item is marked at a price 25% above the cost price.
- (a)
only I and II
- (b)
Only II and III
- (c)
Only I and III
- (d)
All I,II and III
- (e)
Any two of the three
What is the marked price of the suitcase?
I.When a discount of 15% is offered,the profit earned is 10.5%
II.The cost price of the suitcase is Rs.1500.
III.The marked price is 30% above the cost price.
- (a)
I only
- (b)
Either I or III
- (c)
Any one of the three
- (d)
ALL I,II and III are required
- (e)
None of these
Peter purchased a machine for Rs.80,000 and spent Rs.5000 on repair and Rs.1000 on transport and sold it with 25% profit.At what price did he sell the machine?
- (a)
Rs.1,05,100
- (b)
Rs.1,06,250
- (c)
Rs.1,07,500
- (d)
Rs.1,17,500
- (e)
None of these
When a commodity is sold for Rs.34.80, there is a loss of 2%.What is the cost price of the commodity?
- (a)
Rs.26.10
- (b)
Rs.43
- (c)
Rs.43.20
- (d)
Rs.46.40
A manufacturer undertakes to supply 2000 pieces of a particular component at Rs.25 per piece.According to his estimates, even if 5% fail to pass the quality tests, then he will make a profit of 25%.However, as it turned out, 50% of the components were rejected.What is the loss to the manufacturer?
- (a)
Rs.12,000
- (b)
Rs.13,000
- (c)
Rs.14,000
- (d)
Rs.15,000
A property dealer sells a house for Rs.6,30,000 and in the bargain makes a profit of 5%.Had he sold it for Rs.5,00,000, then what percentage of loss or gain he would have made?
- (a)
\(2\frac{1}{4}\%\) gain
- (b)
10% loss
- (c)
\(12\frac{1}{2}\%\) loss
- (d)
\(16\frac{2}{3}\%\) loss
A shopkeeper sells one transistor for Rs.840 at a gain of 20% and another for Rs.960 at a loss of 4%.His total gain or loss percent is :
- (a)
\(5\frac{15}{17}\%\) loss
- (b)
\(5\frac{15}{17}\%\) gain
- (c)
\(6\frac{2}{3}\%\) gain
- (d)
None of these
If on selling 12 notebooks, a seller makes a profit equal to the selling price of 4 notebooks, what is his percent profit?
- (a)
\(16\frac {2}{3}\)
- (b)
25
- (c)
50
- (d)
Data inadequate
- (e)
None of these
On selling 17 balls at Rs.720, there is a loss equal to the cost price of 5 balls.The cost price of a ball is:
- (a)
Rs.45
- (b)
Rs.50
- (c)
Rs.55
- (d)
Rs.60
A vendor loses the selling price of 4 oranges on selling 36 oranges.His loss percent is:
- (a)
10%
- (b)
\(11\frac{1}{9}\%\)
- (c)
\(12\frac{1}{12}\%\)
- (d)
None of these
A man purchased a box full of pencils at the rate of 7 for Rs.9 and sold all of them at the rate of 8 for Rs.11.In this transaction ,he gained Rs.10.How many pencils did the box contains?
- (a)
100
- (b)
112
- (c)
114
- (d)
115
A dishonest dealer uses a scale of 90 cm instead of a metre scale and claims to sell at cost price.His profit is:
- (a)
9%
- (b)
10%
- (c)
12%
- (d)
None of these
A shopkeeper professes to sell his goods at cost price but uses a weight of 800 gm instead of kilogram weight.Thus,he makes a profit of :
- (a)
20%
- (b)
\(16\frac{2}{3}\%\)
- (c)
25%
- (d)
None of these
A shopkeeper cheats to the extent of 10% while buying as well as selling,by using false weights .His total gain is :
- (a)
10%
- (b)
11%
- (c)
20%
- (d)
21%
- (e)
\(22\frac{2}{9}\%\)
Ranjan purchased 120 tables at a price of Rs.110 per table.He sold 30 tables at a profit of Rs.12 per table and 75 tables at a profit of Rs.14 per table.The remaining tables were sold at a loss of Rs.7 per table.What is the average profit per table ?
- (a)
Rs.10.04
- (b)
Rs.10.875
- (c)
Rs.12.80
- (d)
Rs.12.875
Sanket purchased 20 dozen notebooks at Rs.48 per dozen.He sold 8 dozen at 10% profit and the remaining 12 dozen with 20% profit.What is his profit percentage in the transaction ?
- (a)
7.68
- (b)
15
- (c)
16
- (d)
19.2
A cloth merchant sold half of his cloth at 20% profit,half of the remaining at 20% loss and the rest was sold at the cost price.In the total transaction,his gain or loss will be :
- (a)
Neither loss nor gain
- (b)
5% loss
- (c)
5% gain
- (d)
10% gain
A fruitseller has 24 kg of apples.He sells a part of these at a gain of 20% and the balance at a loss of 5%.If on the whole he earns a profit of 10% ,the amount of apples sold at a loss is :
- (a)
4.6 kg
- (b)
6 kg
- (c)
9.6 kg
- (d)
11.4 kg
A trader purchases a watch and a wall clock for Rs.390.He sells them making a profit of 10% on the watch and 15% on the wall clock.He earns a profit of Rs.51.50.The difference between the original prices of the wall clock and the watch is equal to :
- (a)
Rs.80
- (b)
Rs.100
- (c)
Rs.110
- (d)
Rs.120
The C.P of two watches taken together is Rs.840.If by selling one at a profit of 16% and the other at a loss of 12%,there is no loss or gain in the whole transaction,then C.P of the two watches are respectively :
- (a)
Rs.360,Rs.480
- (b)
Rs.480,Rs.360
- (c)
Rs.380,Rs.460
- (d)
Rs.400,Rs.440
A manufacturer offers a 20% rebate on the marked price of a product.The retailer offers another 30% rebate on the reduced price.The two reductions are equivalent to a single reduction of :
- (a)
40%
- (b)
44%
- (c)
46%
- (d)
50%
Find the selling price of an article if a shopkeeper alloes two successive discounts of 5% each on the marked price of Rs.80
- (a)
Rs.70.10
- (b)
Rs.70.20
- (c)
Rs.72
- (d)
Rs.72.20
Applied to a bill for Rs.1,00,000 the difference between a discount of 40% and two successive discounts of 36% and 4% is :
- (a)
Nil
- (b)
Rs.1440
- (c)
Rs.2500
- (d)
Rs.1960
The difference between a discount of 35% and two successive discounts of 20% on a certain bill was Rs.22.Find the amount of the bill.
- (a)
Rs.200
- (b)
Rs.1100
- (c)
Rs.2200
- (d)
Data inadequate
- (e)
None of these
A tradesman marks his goods 30% above the C.P.If he alloes a discount of \(6\frac{1}{4}\%\),then his gain present is :
- (a)
\(21\frac{7}{8}\%\)
- (b)
22%
- (c)
\(23\frac{3}{4}\%\)
- (d)
None of these
A product when sold with 10% rebate on the listed price gave a profit of Rs.70.What was its cost price ?
- (a)
Rs.200
- (b)
Rs.350
- (c)
Rs.700
- (d)
Cannot be determined
- (e)
None of these
Peter bought an item at 20% discount on its original price.He sold it with 40% increase on the price he bought it.The new sale price is by what percent more than the original price ?
- (a)
7.5
- (b)
8
- (c)
10
- (d)
12
- (e)
None of these