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Profit and Loss - 02

This document contains 15 profit and loss problems along with their solutions. The problems cover topics like finding gain or loss percentage, calculating cost price given retail price and multiple markups, determining marked price given discounted selling price, and more.

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karthikvendhanmaths
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54 views10 pages

Profit and Loss - 02

This document contains 15 profit and loss problems along with their solutions. The problems cover topics like finding gain or loss percentage, calculating cost price given retail price and multiple markups, determining marked price given discounted selling price, and more.

Uploaded by

karthikvendhanmaths
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SS MATHS ACADEMY – 9894703201 / 7904389447

TNSET 2024 – PART A

PROFIT AND LOSS - PROBLEMS


1. A vendor bought bananas at 6 for ₹ 10 and sold them at 4
for ₹ 6. Find his gain or loss percent.
a) 10% gain b) 10% loss c) No change d) 15% gain
Solution:

2. The selling price of 30 items is equal to the purchase price


of 25 items. What is the profit or loss percent?
a) 16% loss b) 16% gain c) 16.67% loss d) 16.67% gain
Solution:

1
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

3. By selling 33 metres of cloth, one gains the selling price of


11 metres. Find the gain percent?
a) 50% gain b) 40% gain c) 35% gain d) 45% gain
Solution:

2
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

4. On selling 36 mobiles, a mobile vendor got a loss


equivalent to the selling price of four mobiles. The loss
per cent is
a) 10% b) 12.5% c) 8.5% d) 8%
Solution:

5. A vendor sells 10 clips for a rupee gaining thereby 40%.


How many clips did he buy for a rupee?
a) 10 b) 12 c) 14 d) 16
Solution:

3
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

6. A vendor bought buttons at 6 for a rupee. How many for


a rupee must he sell to gain 20%?
a) 5 b) ₹ 6 c) 7 d) 9
Solution:

7. A dealer uses to sell his goods at cost price but uses a


weight of 960 gms for a kg weight. Find his gain percent.
a) 4% b) 5% c) 4.16% d) 6%
Solution:

4
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

Error
FORMULA: Gain% = [True value−Error × 100] %

8. If the manufacturer gains 10%, the wholesale dealer 15%


and the retailer 25%, then find the cost of production of a
table, if the retail price is ₹ 1265?
a) ₹ 800 b) ₹ 920 c) ₹ 5600 d) ₹ 825
Solution:

5
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

9. Find a single discount equivalent to a series discount of


10%, 20% and 30%
a) 60% b) 50% c) 50.4% d) 49.6%
Solution:

10. An item is sold for ₹ 680 after allowing a discount of


15% on its marked price. Find the marked price.
a) ₹ 500 b) ₹ 600 c) ₹ 700 d) ₹ 800
Solution:

6
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

11. A person bought pens at 25 for a rupee and sold at 15 for


a rupee. What is his profit per cent?
2 1 2
a) 16 3 % b) 33 3 % c) 66 3 % d) 40%
Solution:

12. If the ratio between the profit and selling price of an


article is 1 : 5, then the ratio between the selling price and
the cost price of that article is
a) 3 ∶ 2 b) 4 ∶ 3 c) 5 ∶ 4 d) 6 ∶ 5
Solution:

7
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

2
13. An article is sold at 14 7 % profit. What is the ratio of the
selling price to the cost price?
a) 7 ∶ 5 b) 8 ∶ 7 c) 8 ∶ 5 d) 7 ∶ 6
Solution:

8
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

14. After selling a cycle for ₹ 1680, a shopkeeper suffers a loss


of 16%. If he want to earn 15% profit after giving the
discount of 8%, what will be the marked price?
a) ₹ 2200 b) ₹ 2450 c) ₹ 2500 d) ₹ 2600
Solution:

9
SS MATHS ACADEMY – 9894703201 / 7904389447
TNSET 2024 – PART A

15. The cost of article reduces by 20%. This enables a person


to buy 2 kg more articles for ₹ 600. Find the reduced and
the original price per kg of rice.
a) ₹ 60 𝑎𝑛𝑑 ₹ 80 b) ₹ 60 𝑎𝑛𝑑 ₹ 75 c) ₹ 75 𝑎𝑛𝑑 ₹ 60
d) ₹ 50 𝑎𝑛𝑑 ₹ 60
Solution:

10

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