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Profit and Loss Practice Questions

This document contains 15 practice questions related to profit and loss calculations. The questions cover a range of scenarios including calculating cost price given sale price and loss percentage, calculating total discount and selling price given successive discounts, calculating second discount rate given first discount rate and final selling price, and calculating profit or loss percentage in various transaction scenarios involving buying and selling goods at different rates.

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altmash
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128 views

Profit and Loss Practice Questions

This document contains 15 practice questions related to profit and loss calculations. The questions cover a range of scenarios including calculating cost price given sale price and loss percentage, calculating total discount and selling price given successive discounts, calculating second discount rate given first discount rate and final selling price, and calculating profit or loss percentage in various transaction scenarios involving buying and selling goods at different rates.

Uploaded by

altmash
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Profit and Loss Practice Questions

1. When a good is sold for Rs.3400, there is a loss of 2%. What is the cost price of the
commodity?
A. Rs 3500.50
B. Rs 3200
C. Rs 3400.56
D. Rs 3469.34
2. The store price of a t-shirt is Rs950. The successive discounts offered by the store is
30% and 50%. Calculate the total discount offered by the store. Also calculate the
selling price of the t-shirt.
A. 617.5,332.5
B. 719.6,889.9
C. 987,897
D. None of the above
3. The marked price of a bat was Rs. 720.A man brought the same for Rs.550.80 after
getting two successive discounts the first being 10%. What was the second discount
rate?
A. 12%
B. 14%
C. 15%
D. 18%
4. If the S.P of Rs.40 results in a 20% discount on list price. What S.P would result in a
30% discount on list price?
A. Rs 18
B. Rs 20
C. Rs 35
D. Rs 27
5. A discount of 25% on one article is same as a discount of 50% on another article
.The costs of two article can be:
A. Rs 30, Rs 20
B. Rs 90, Rs 40
C. Rs 80, Rs 40
D. Rs 50, Rs 40
6. A dealer sold a Radio at a loss of 2.5%. Had he sold it for Rs. 100 more, he would
have gained 7.5%. To gain 12.5% he should sell it for :
A. Rs 2200
B. Rs 1000
C. Rs 1100
D. Rs 1125
7. A man sells two flats at the rate of Rs. 2 lakhs each. On one he gains 3% and on the
other, he loses 3%. His gain or loss % in the whole transaction is
A. 9% loss
B. 2% loss
C. 3% loss
D. 25% loss
8. Sanki purchased 20 dozen notebook at Rs. 48 per dozen. He sold 8 dozen at 10%
profit and remaining 12 dozen with 20% profit. What is his profit percentage in the
transaction?
A. 8%
B. 15%
C. 16%
D. 19%
9. A man purchased wheat worth Rs. 400. He sold 3/4 at a loss of 10% and the
reminder at a gain of 10%. On the whole he gets:
A. loss of 5%
B. gain of 5
C. loss of 19%
D. loss of 6%
10. A retailer buys 40 pens at the marked price of 36 pens from a wholesaler. If he sells
these pens giving a discount of 1%, what is the profit percent?
A. 10%
B. 22%
C. 25%
D. 26%
11. Jimmy bought 25 apples for Rs.10 and sold them at the rate of 24 apples for Rs.12.
What is the percentage of profit made by him?
A. 25%
B. 70%
C. 60%
D. 100%

12. The loss made by selling 20 m of a cloth equals the cost price of 5 m of that cloth.
Find the loss percentage

a)33 1/3% b)25% c)20% d)40%

13. A shopkeeper expect the gain of 19% on his cost price.If in a week his sale was of
Rs.462 , What was his profit ?
A)73
B)73.77
C)73.50
D)74
14. The difference in discounts between two successive discounts of 8% each and a
single discount of 16% on Rs.2000 is
A)6.4
B)4.6
C)12.8
D)12.6
15. A Shopkeeper blends 2 varieties of tea, one CP is Rs.50 and another one CP is
Rs.100 per kg. They were mixed in the ratio 7:2, if he sold the mixed variety at
Rs.100 pkg, how much was his profit percentage ?
A)63.54%
B)63.63%
C)63.36%
D)66.36%

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