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Profit and Loss 03

The document contains a series of mathematical problems related to profit, discounts, and pricing strategies faced by shopkeepers and retailers. Each problem provides multiple-choice answers, focusing on calculating marked prices, profit percentages, and the effects of discounts. The problems are sourced from R. S. Agarwal's publication, specifically from page 395 and 396.

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Subhra Nag
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0% found this document useful (0 votes)
5 views5 pages

Profit and Loss 03

The document contains a series of mathematical problems related to profit, discounts, and pricing strategies faced by shopkeepers and retailers. Each problem provides multiple-choice answers, focusing on calculating marked prices, profit percentages, and the effects of discounts. The problems are sourced from R. S. Agarwal's publication, specifically from page 395 and 396.

Uploaded by

Subhra Nag
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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1.

A shopkeeper marks his goods at such a


price that after allowing a discount of
12.5% on the marked price, he still earns a
profit of 10%. The marked price of an
article which costs him ₹4900 is :
[R. S. Agarwal, Page No. 396, Q. No. - 245]
(i) ₹5390 (ii) ₹5490 (iii) ₹6160 (iv) ₹6260
2.A retailer allows a trade discount of 20%
and a cash discount of 6.25% on the
marked price of the products and gets a
net profit of 20% on the cost. By how much
above the cost, should the products be
labelled for sale? [R. S. Agarwal,
Page No. 396, Q. No. - 244]
(i) 40% (ii) 50% (iii) 60% (iv) 70%
3.At what percent above the cost price must
a shopkeeper mark his goods so that he
gains 20% even after giving a discount of
10% on the marked price? [R.
S. Agarwal, Page No. 396, Q. No. - 243]
(i) 25% (ii) 30% (iii) 33.33% (iv) 37.5%
4.A shopkeeper allows a discount of 10% on
the marked price of an item but charges a
sales tax of 8% on the discounted price. If
the customer pays ₹680.40 as the price
including the sales tax, then what is the
marked price of the item? [R. S.
Agarwal, Page No. 396, Q. No. - 242]
(i) ₹630 (ii) ₹700 (iii) ₹780 (iv) None of
these
5.The cost price of an article is 64% of the
marked price. Calculate the gain percent
after allowing a discount of 12%. [R. S.
Agarwal, Page No. 396, Q. No. - 241]
(i) 37.5% (ii) 48% (iii) 50.5% (iv) 52%
6.By selling an umbrella for ₹300, a
shopkeeper gains 20%. During a clearance
sale, the shopkeeper allows a discount of
10% on the marked price. His gain percent
during the sale is : [R. S. Agarwal,
Page No. 396, Q. No. - 240]
(i) 7% (ii) 7.5% (iii) 8% (iv) 9%
7.A retailer buys 30 article from a
wholesaler at the price of ₹27. If he sells
them at their marked price, the gain
percentage in the transaction is : [R. S.
Agarwal, Page No. 396, Q. No. - 239]
(i) 9.09% (ii) 10% (iii) 11.11% (iv)
16.66%
8.The price of an article is raised by 30%
and then two successive discounts of 10%
each are allowed. Ultimately, the price of
the article is : [R. S. Agarwal, Page No.
396, Q. No. - 238]
(i) decreased by 5.3% (ii) increased by 3%
(iii) increased by 5.3% (iv) increased by 10%
9.A showroom owner sells a leather jacket
for ₹X and claims to make a profit of 10%.
He plans to have a stall in the trade fair
and marks the same jacket at ₹2X. At the
stall, he allows discount of 20%. What will
be the profit percentage that he will make
at the trade fair? [R. S. Agarwal, Page
No. 395, Q. No. - 237]
(i) 60% (ii) 76% (iii) 80% (iv) 86%
10. A shopkeeper earns a profit of 12% on
selling a book at 10% discount on the
printed price. The ratio of the cost price
and the printed price of the book is :
[R. S. Agarwal, Page No. 395, Q. No. - 236]
(i) 45 : 56 (ii) 50 : 61 (iii) 99 : 125 (iv)
None of these
11. A tradesman marks his goods 30%
above the cost price. If he allows a
discount of 6.25%, then his gain percent is
: [R. S. Agarwal, Page No. 395, Q. No. -
235]
(i) 21 (7/8)% (ii) 22% (iii) 23 (3/4)% (iv)
None of these
12. A trader marked the price of his
commodity so as to include a profit of 25%.
He allowed discount of 16% on the marked
price. His actual profit was : [R. S.
Agarwal, Page No. 395, Q. No. - 234]
(i) 5% (ii) 9% (iii) 16% (iv) 25%
13. A trader marked the price of a product
in such a way that it is 20% more than the
cost price. If he allows 10% discount on
the marked price to the customer then his
gain is : [R. S. Agarwal, Page No. 395,
Q. No. - 233]
(i) 8% (ii) 10% (iii) 15% (iv) 20%
14. Raman bought a camera and paid 20%
less than its original price. He sold it at
40% profit on the price he had paid. The
percentage of profit earned by Raman on
the original price was : [R. S.
Agarwal, Page No. 395, Q. No. - 232]
(i) 12% (ii) 15% (iii) 22% (iv) 32%
15. A person first increases the price of a
commodity by 10% and then he announces
a discount of 15%. The actual discount on
the original price is : [R. S. Agarwal, Page
No. 395, Q. No. - 231]
(i) 5% (ii) 6.5% (iii) 7.5% (iv) 12.5%
16. A shopkeeper purchased 150 identical
pieces of calculators at the rate of ₹250
each. He spent an amount of ₹2500 on
transport and packing. He fixed the
labelled price of each calculator at ₹320.
However, he decided to give a discount of
5% on the labelled price. What is the
percentage of profit earned by him?
[R. S. Agarwal, Page No. 395, Q. No. - 230]
(i) 14% (ii) 15% (iii) 16% (iv) 20%
17. The marked price of a watch was
₹820. A man bought the same for ₹570.72
after getting two successive discounts of
which the first was 20%. The rate of
second discount was : [R. S. Agarwal,
Page No. 395, Q. No. - 229]
(i) 12% (ii) 13% (iii) 15% (iv) 18%
18. A shopkeeper gives two successive
discounts on an article marked ₹450. The
first discount given is 10%. If the customer
pays ₹344.25 for the article, the second
discount is : [R. S. Agarwal, Page
No. 395, Q. No. - 228]
(i) 10% (ii) 12% (iii) 14% (iv) 15%
19. A shopkeeper gives 3 consecutive
discounts of 10%, 15% and 15% after
which he sells his goods at a percentage
profit of 30.05% on the cost price. Find the
value of the percentage profit that the
shopkeeper would have earned if he had
given discounts of 10% and 15% only.
[R. S. Agarwal, Page No. 395, Q. No. - 227]
(i) 53% (ii) 62.5% (iii) 68.6% (iv) 72.5%
20. On a ₹10,000 payment order, a person
has choice between 3 successive discounts
of 10%, 10% & 30% and, 3 successive
discounts of 40%, 5% & 5%. By choosing
the better one he can save (in rupees) :
[R. S. Agarwal, Page No. 395, Q. No. - 226]
(i) 200 (ii) 255 (iii) 400 (iv) 433

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