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.
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
0 ratings0% 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.
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5
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