Profit and Loss
1)A retailer buys a cooler for Rs.1200 and overhead
expenses on it was Rs.40. If he sells the cooler for Rs.1550, determine his
profit per cent?
a) 25% b) 50%
c) 56 % d) 57% Ans : a
2) If the cost price of 15 articles is equal to the
selling price of 12 articles, find the gain
per cent in the transaction.
a) 50% b)
25% c) Ans : b
3) Damini sells an almirah costing Rs.2000 to Gulab and
earns a profit of 6% . Gulab, in turn, sells it at a loss of 5%. At what price did Gulab sell the almirah?
a) Rs.2014 b)
Rs.2020 c) Rs.2030 d) Rs.2005 Ans : a
4) A shop keeper sells an article at a loss of 12 ½ % .
Had he sold the article for Rs.51.80 more, he would have earned a profit of 6%
. Determine the Cost Price of the article?
a) Rs.280 b)
Rs.300 c) Rs.400 d) Rs.500 Ans : a
1)A dealer buys a wrist watch for Rs.225 and spends Rs.15
on its repairs. If he sells the same for Rs.300, find his profit percent?
a)30% b)25% c)15% d)26% Ans: b
2) Sushil bought two boxes for Rs.1300 . He sold one box at a profit of 20% and the
other box at a loss of 12%. If the selling price of box boxes is the same, find
the cost price of each box?
a)Rs.125 & Rs.500 b)Rs.150 & Rs.300 c)Rs.300&Rs.350 d)Rs.550 &
Rs.750 Ans: d
3) Dinesh sold his motor cycle to Naveen at a loss of
28%. Naveen spent Rs.1680 on its repairs and sold the motor cycle to Saran for
Rs.35910, thereby making a profit of 12.5%. Find the cost of the motor cycle
for Dinesh?
a)Rs.3000 b)Rs.3500 c)Rs.4000 d) Rs.4200 Ans: d
4) Nafees bought a computer system for Rs.40,000. He sold
it to Afroz at a loss of 4% . How much did Afroz spent?
a)Rs.38,400 b)Rs.40,000 c)Rs.50,000 d)Rs.60,00 Ans:a
5) If the selling price of 20 articles is the same as the
cost price of 23 articles, find the profit per cent?
a)15% b)25% c)30% d)40% Ans: a
6) A dealer sold two coolers at Rs.2970 each. On selling
one cooler he gained 10% and on selling the other he lost 10% . Find the
dealer’s loss percent?
a)2% b)3% c)
1% d) 5%
Ans: c
7)Shahid bought two old scooters for Rs.9000. By selling
one at a profit of 25% and the other at a loss of 20%, he neither gains or
loses. Find the cost price of each
scooter?
a)Rs.5000 Rs.6000 b)Rs.6000
Rs.7000 c)Rs.7000
Rs.8000 d) Rs.4000 Rs.5000 Ans: d
8)A wholesaler sells 20 pens at the marked price (printed
on the article) of 16 pens to a retailer. The retailer , in turn, sells them at
the marked price. Determine the gain per cent to the retailer?
a)30% b)35% c)40% d) 25%
Ans: d
9) A defective briefcase costing Rs.800 is being sold at
a loss of 8%. If the price is further reduced by 5%, find its selling price?
a)RS.800 b)Rs.500 c)
Rs.699.20 d)Rs.700 Ans: c
10) By selling 90 ball pens for Rs.160, a peson loses 20%
. How many ball pens should be sold for Rs.96 so as to have a profit of 20% ?
a)24 b) 48 c) 60 d) 36
Ans: d
11) If the cost price of 10 chairs be equal to selling
price of 16 chairs, find the loss per cent?
a) b) c) d) 37.5% Ans:
d
12) If the cost price of 18 chairs be equal to selling
price of 16 chairs, find the gain per cent?
a)15% b)25% c) 12.5% d)36% Ans: c
13) Damodar bought two buffaloes for Rs.30,000. By
selling one at a loss of 15% and other at a gain of 19%, he found that the
selling price of both buffaloes is the same. Find the cost price of each?
a)Rs.20000
Rs.30000 b)Rs.10000 Rs.20 000 c) Rs.17500
Rs.12500 d)Rs.5000 Rs.6000
Ans: c
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