Profit & Loss – PRACTICE QUESTIONS

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01. By selling an article forRs900, a trader makes a profit of 12½ % .The cost price of the article in rupees?
a. Rs.1000 b. Rs.800 c. Rs.1200 d. None
02. By selling an article for Rs.480 a person loses 20%. At what price should he sell to gain 20%.?
a. Rs.600 b. Rs.800 c. Rs.720 d. None
03. A man sells 320 mangoes at the cost priceof 400 mangoes .Then the percentage of his gain is ?
a. 25% b. 33 1/3 % c. 20% d. None
04. Cost price of 20 tables equal to selling price of 25 tables. What is the gain/loss percent ?
a. 25% loss b. 25% gain c. 20% loss d. Cannot be determined
05. By selling 33 meters of the cloth, a shop keeper gains the selling price of 11 meters of the cloth.His gain percent is ?
a. 25% b. 33 1/3 % c. 20% d. Non
06. A man sold two articles for Rs.10000 each. On one he got profit of 20% and loss of 20% on the other. His overall profit or loss
percentage is:
a. 40% loss b. 4 % gain c. 4% loss d. No loss & No profit
07. A dis honest shopkeeper profess is to sell his goods at cost price. But he uses a weight of 800 gms in a place of 1kg. find his profit
percentage ?
a. 25% b. 33 1/3% c. 20% d. None
08. A man buys an article for Rs.3000 and sells to B at a gain of 10% and B sells to C at a loss of 15% and C sells to D at a profit of
20%. How much does D pay for it?
a. Rs.3000 b. Rs.3366 c.Rs.3399 d. None
09. A merchant get Rs.500 if he sells either item A at 15% gain and item B at 10% loss or item A at 15% loss and item B at 10% gain.
What is the cost price of item A ?
a. Rs.200 b. Rs.250 c. Rs.100 d. Rs.100
10. An article is sold to Rs.y, yeild x% profit.Then the cost price of the article in rupees?
100+𝑥 100 𝑦 100 𝑥 100+𝑦
a. 100 𝑦
b. 100+𝑥 c. 100+𝑦 d. 100 𝑥
11. trader allows a discount of 15% on the marked price of an article.How much percentage above the cost price is to be
marked to make a profit of 19%?
a. 40% b. 33% c. 39% d. None
12. I purchased 120 books at the rate of Rs.3 each and sold 1/3 of them at the rate of Rs.4 each and ½ of them at the rate of Rs.5
each and the rest at the cost price. My profit percent was ?
a. 40% b. 44 4/9% c. 44 2/3 % d. None
13. I sold A watch at a loss of 20% had it been sold forRs.40 more I would have been gained 5% I purchased it for?
a. Rs.120 b. Rs.150 c. Rs.160 d. None
14. A man purchased two watches for Rs.9000. On one he gained 40% and on other lost 10%. If his overall gain is 21%, find the cost
price of the article sold at profit?
a. Rs.5580 b. Rs.3320 c. Rs.5000 d. None
15. A shopkeeper had calculated the profit % on selling price and announced it as 40%. His actual profit % is?
a. 50% b. 33 1/3 % c. 66 2/3% d. 40%
16. If a man reduces the selling price of a fan from Rs.400 to Rs.380, his loss increases by 20%. The cost price of the fan is
a. Rs.480 b. Rs.500 c. Rs.600 d. Rs.1000
17. For the present cost of mangoes we get 300, if a discount of 20% is given how many mangoes can we get ?
a. 240 b. 320 c. 375 d. 360
18. A fruit seller buys apples at a price of Rs.50/dozen and sells 3/4 of them at rate of Rs.80/dozen during day and sells at the
remaining at a lower rate in the evening of Rs.40/dozen. Find the rate of profit/loss?
a. 20% profit b. 40% profit c. 20% loss d. 40% loss
19. 60% of goods are sold at 5% loss while rest are sold at 10% profit. If there is a total profit of Rs.100, then the goods worth is
a. Rs.6000 b. Rs.8000 c. Rs.10000 d. Rs.120000
20. A dealer offers cash discount of 20% and still makes a profit of 20%. How much % above the CP where his article listed?
a. 25% b. 50% c. 75% d. 100%
21. A florist bought 360 roses at Rs.10 per dozen. If he sold them at Rs.1.10 each, what is his profit % of SP approximately?
a. 20% b. 24% c. 30% d. 35%
22. What is the maximum % of discount that a merchant can offer on his MP so that he ends up selling at no profit no loss, if he had
initially marked up by 50%?
a. 50% b. 20% c. 25% d. 33.3%
23. A dishonest trader is selling his goods at 10% profit and also weighing 20% less. What is his net profit?
a. 33.5% b. 36.5% c. 27.5% d. 38.5%
24. The original price of a banana in a store is $2.00. During a sale, the store reduces the price by 25% and Joe buys the banana.
Joe then raises the price of the banana 10% from the price at which he bought it and sells it to Sam. How much does Sam pay for
the banana?
a. $1.45 b. $1.60 c. $1.65 d. $1.67 e. $2.33
25. A vintage bowling league shirt that cost $20 in 1990 cost 15% less in 1970. What was the price of the shirt in 1970?
a. $3 b. $17 c. $23 d. $35 e. $280
26. Sudhir sold a watch at a profit of 20%. Had he bought it at 10% less and sold it at Rs.30 less, he would still have gained 20%. Find
the cost price of the watch.
a. Rs.250 b. Rs.300 c. Rs.400 d. Rs.450
27. I bought eggs at the rate of 5 for Rs.7 and sold them at the rate of 7 for Rs.10 and made Rs.2450 in the bargain. How many eggs
did I deal in ?
a. 35 b. 275 c. 85750 d. 2750
28. A dishonest retailer professes to lose 4% on tea but uses a false weight equal to 9000 g instead of 1Kg. Find his loss or gain %
2 2
a. 6 % profit b. 6 % loss c. No loss no gain d. none
3 3
29. A man buys oranges at a certain price per dozen and sells them at eight times that price per hundred . What is his gain or loss % ?
a. 4 % gain b. 4% loss c. 8 % gain d. 8 % loss
30. If the selling price of an article is 4/3 times its cost price, the profit percent is ….
2 1
a. 66 b. 25 c. 33 d. 33
3 3
31. A Shopkeeper marks up his goods by 20% and gives a discount of 5%. Also, he uses a false balance, which reads 1000 gm for 750
gm. What is his total profit percent approximately?
a. 18.6 b. 17.5 c. 15 d. 25
32. A dealer in toys, bought some electronic Chinese toys for Rs.10,000. He sold half of the goods @ 10% profit. At what percent
profit should be sell the remaining goods so as to earn an overall profit of 20%?
a. 10 b. 30 c. 15 d. none
33. Big Bazaar is offering "Buy 2, get 1 free" on household items. What is the net percentage discount being offered by the store?
1 1
a. 30 b. 50 c. 33 d. 75
3 3
34. The owner of a cellphone shop charges his customers 32% more than the cost price. If a customer paid Rs.6600 for the
cellphone, then what was the cost price of the cellphone ?
a. Rs.5800 b. Rs.6100 c. Rs.5000 d. Rs.5400 e. none
35. A person subscribing to Sky Cable for one year pays Rs.1,785. If the monthly subscription is Rs.175, how much discount does
a yearly subscriber get ?
a. 18% b. 11% c. 13% d. 15% e. none
36. The labeled price of a product is Rs.750. If it is sold at a 20% discount and still the dealer earns a 25% profit, what is the cost
price ?
a. Rs.550 b. Rs.450 c. Rs.435 d. Rs.480 e. none
37. In a sale, a pair of trousers is available at 15% discount on the selling price. The trousers' discounted selling price is Rs.837.25
in the sale. What was the original selling price of the trousers?
a. Rs.995 b. Rs.990 c. Rs.1,005 d. Rs.985 e. Rs.1,012
38. The profit earned after selling an article for Rs.996 is the same as loss incurred after selling the article for Rs.894. What is the
cost price of the article ?
a. Rs.935 b. Rs.905 c. Rs.945 d. Rs.975 e. none
39. Shri Ramlal purchased a TV set for Rs.12,500 and spent ` 300 on transportation and Rs.800 on installation. At what price should
he sell it so as to earn an overall profit of 15%?
a. Rs.14,560 b. Rs.14,375 c. Rs.15,460 d. Rs.15,375 e. none
40. The profit obtained by selling a book for Rs.56 is the same as the loss obtained by selling this book for Rs.42. What is the cost
price of the book ?
a. Rs.40 b. Rs.49 c. Rs.50 d. Rs.55 e. None
41. A fruit-vendor buys 200 bananas for Rs.10. How many bananas a rupee can he sell, so that his profit percentage is 25%?
a. 10 b. 14 c. 16 d. 20 e. None
42. Mohan bought a jute bag @ 30% discount on the list price. He then sold it at a price which is 160% of the list price thereby
making a profit of Rs.81. What is the list price of the bag?
a. Rs.90 b. Rs.100 c. Rs.180 d. Rs.200 e) None
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Key: 1. b 2. c 3. a 4. c 5. b 6. c 7. a 8. b 9. a 10. b 11. a 12. b 13. c 14. a

15. c 16. b 17. c 18. b 19. c 20. b 21. b 22. d 23. c 24. c 25. b 26. a 27. c 28. a

29. b 30. d 31. a 32. b 33. c 34. c 35. d 36. d 37. d 38. c 39. e 40. b 41. c 42. a
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