Profit and Loss
Exam Duration: 45 Mins Total Questions : 30
A man sold an article Rs.810, losing 10%. The cost price of the article is
- (a)
Rs.975
- (b)
Rs.910
- (c)
Rs.950
- (d)
Rs.900
By selling a watch for Rs. 840, a shopkeeper gets a profit of 20%. What is the cost price of the watch ?
- (a)
Rs.640
- (b)
Rs.700
- (c)
Rs.680
- (d)
Rs.750
By selling a radio for Rs. 1440 a person gets a profit of 20%. The cost price of the article is
- (a)
Rs.1175
- (b)
Rs.1225
- (c)
Rs. 1200
- (d)
Rs. 1150
A man buys 20 articles for a rupee. How many articles for a rupee did he sell to get a loss of 20%?
- (a)
28
- (b)
25
- (c)
24
- (d)
21
A man buys two hens for Rs. 500 each. He sold one foe 15% profit and other for 5% loss. Find his profit percentage
- (a)
5%
- (b)
10%
- (c)
15%
- (d)
12%
A trader professes to sell his goods at cost price but he uses a false weight of 800g for 1 kg. Find his gain per cent
- (a)
25%
- (b)
21%
- (c)
18%
- (d)
16%
A cloth merchant professes to sell his material at a loss of 8%. But he measures 84 cm for a metre. Find his gain per cent
- (a)
\(9\frac { 5 }{ 11 } %gain\) % gain
- (b)
\(9\frac { 11 }{ 21 }\) % gain
- (c)
\(8\frac { 7 }{ 11 }\) % gain
- (d)
\(8\frac { 5 }{ 21 } %loss \) % gain
Ramesh buys 2 articles for Rs.600. He sells one of them at a profit of 22% and other at a loss of 8% and makes no profit or loss at the end. What is the cost price of the article he sold at a loss?
- (a)
Rs.400
- (b)
Rs.420
- (c)
Rs.440
- (d)
None of these
A trader sells two watches. He has a profit of 15% on the first watch and a loss of 10% on the second watch. If the ratio of the two investment is 3 : 5, What is gain or loss on the two investment taken together ?
- (a)
0.675 % gain
- (b)
0.5 % loss
- (c)
0.675 % loss
- (d)
0.5 % gain
A trader mixes three varies of tea costing Rs.50, Rs. 30 and Rs. 20/kg in the ratio of 2 : 4 : 3 in terms of weight and sells the mixture at Rs.35/kg. What percentage of profit or loss does he make?
- (a)
12.5%
- (b)
12%
- (c)
10%
- (d)
10.5%
A salesman by mistake calculate profit percentage of an article on its selling price and says that it is 20%. What is his actual profit percentage ?
- (a)
22%
- (b)
28%
- (c)
25%
- (d)
24%
A boys an article and sells it to B at a profit of 10%. B sell sit to C gaining 20 % and C pays Rs.1848 for the article. Find the cost price of A
- (a)
Rs.1400
- (b)
Rs.1428
- (c)
Rs.1560
- (d)
Rs.1540
Ramu bought 10 kg of oil for Rs.420. He was forced to sell it at a loss of as much money as selling price of 2 kg. At what price Ramu sell the oil ?
- (a)
Rs.32/kg
- (b)
Rs.35/kg
- (c)
Rs.34/kg
- (d)
Rs.38/kg
A trader marks his product 30% above cost price. He sells the product and allows 10% trade discount. In order to ensure prompt payment he further gives cash discount of 10%. If he makes Rs. 106 profit from the transaction. Find the cost price of the product
- (a)
Rs.1800
- (b)
Rs.2000
- (c)
Rs.1600
- (d)
Rs.2400
What percent selling price wouldbe 34% of cost price, if gross profit is 26% of the selling price?
- (a)
25.16%
- (b)
74.00%
- (c)
17.16%
- (d)
88.40%
If cash discount is 10%, a book bought for Rs.9 is valued at
- (a)
Rs.12
- (b)
Rs.11
- (c)
Rs.10
- (d)
Rs.8
If after successive discounts of 30%, 20% and 10% a customer has to pay Rs 252, what is the list price of the article?
- (a)
Rs 400
- (b)
Rs 500
- (c)
Rs 600
- (d)
Rs 360
A merchant has 1000 kg of tea, part of which he sells at 6% profit and the rest at 15% profit. He gains 8.8% on the whole. The quantity sold at 6% profit is
- (a)
260 kg
- (b)
300 kg
- (c)
275 kg
- (d)
350 kg
The total cost price of two watches is Rs 900. One is sold at a profit of 20% and the other at a loss of 25%. There is no loss or gain in the whole transaction. The cost price of the watch on which the shopkeeper loses is
- (a)
Rs 400
- (b)
Rs 500
- (c)
Rs 450
- (d)
Rs 540
A shopkeeper earns a profit of 20% on selling a book at 16% discount on the printed price. The ratio of the cost price and the printed price is
- (a)
5 : 6
- (b)
5 : 7
- (c)
7 : 10
- (d)
6 : 11
The ratio of cost price and selling price of an article is 25 : 26. What is the profit per cent on it?
- (a)
5%
- (b)
3%
- (c)
4%
- (d)
8%
Successive discount of 10% and 10% are equivalent to a single discount of
- (a)
19%
- (b)
20%
- (c)
21%
- (d)
18%
A person bought two articles for Rs.1500 and Rs.1000 respectively. One he sold at a gain of 20%. At what price should he sell the other to get a profit of 16% on the whole transaction?
- (a)
Rs.1100
- (b)
Rs.1200
- (c)
Rs.1150
- (d)
Rs.1250
A shopkeeper marks his goods at 25% above the cost price. He sells \frac { 3 }{ 5 }th of his goods at marked price and remaining at 20% discount. Find his gain or loss per cent in the transaction.
- (a)
7% gain
- (b)
15% gain
- (c)
10% gain
- (d)
8% gain
An article sold for Rs. b yields a% profit. Find the cost price of the article (in rupees)
- (a)
\(\frac { 100\quad ab }{ a+b }\)
- (b)
\(\frac { 100\quad b }{ 100+a }\)
- (c)
\(\frac { 100\quad a }{ 100+b }\)
- (d)
\(\frac { 100\quad ab }{ a-b}\)
A tradesman gives 4% discount on the marked price and 1article free with every 15 articles bought, and still gains 35%. The marked price is more than the of each table.
- (a)
40%
- (b)
39%
- (c)
20%
- (d)
50%
A person bought two tables for Rs.2200. He sells one at 5% loss and the other at 6% profit and thus on the whole he neither gains nor loses. Find the cost price of each table.
- (a)
Rs.1500, Rs.700
- (b)
Rs.2000, Rs.200
- (c)
Rs.1200, Rs.1000
- (d)
Rs.1100, Rs.1100
A student purchased a computer system and a colour printer. If he sold the computer system at 10% loss and the colour printer at 20% gain, he would not lose anything. But if he sells the computer system at 5% gain and the colour printer at 15% loss, he would lose Rs.800 in the bargain. How much did he pay for the colour printer?
- (a)
Rs.9000
- (b)
Rs.16000
- (c)
Rs.8000
- (d)
Rs.5334
A shopkeeper sells wheat at a profit of 10% and uses weights which are 20% less than the actual weight. The total gain earned by him will be
- (a)
30%
- (b)
37.5%
- (c)
42.5%
- (d)
None of these
A sells a product having a printed price of Rs.2400 at a discount of 10% on printed price. He earns A profit of 25% on his sale. What was the price on Which A purchased this product ?
- (a)
Rs.1980
- (b)
Rs.1728
- (c)
Rs.2160
- (d)
Rs.1800
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