Profit and loss Exercise

Abhishek Jain

1. Kamalesh purchased 120 reams of paper at Rs. 100 per ream and the expenditure on transport was Rs. 480. He had to pay an octrol duty of 50 paise per ream and the coolie charges were Rs. 60. What should he charge per ream to gain 40%? a. 147 b. 127 c. 117 d. 137 e. None of these 2. On selling an article at Rs. 530, the gain is 20% more than the loss incurred on selling it at Rs. 475. In order to gain 20%, the selling price will be a. 400 b. 200 c. 800 d. 600 e. None of these 3. The marked price of a shirt and trousers are in the ratio of 1:2. The shopkeeper gives 40% discount on the shirt. If the total discount on both is 30%, the discount offered on the trousers is a. 33.33% b. 20 % c. 25 % d. 50 % e. None of these 4. If a commission of 10% is given on the marked price of a book, the publisher gains 20%. If the commission is increased to 20%, the gain percent is a. 6.66% b. 5 % c. 8 % d. 6.5 % e. None of these 5. The marked price of an article is 20% more than the cost price and a discount of 20% is given on the marked price. In this kind of sale, the seller a. 33.33% b. 20 % c. 25 % d. 50 % e. None of these

6. A shopkeeper sells a book whose marked price is Rs. 30 at a discount of 15% and gives a pen costing Rs. 1.50 free with each book. Even then he makes a profit of 20%. His cost price per book is a. 30 b. 20 c. 25 d. 50 e. None of these 7. A merchant purchases a calculator for Rs. 500 and fixes the list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Find the list price of the calculator a. 666.66 b. 333.33 c. 450 d. 500 e. None of these 8. Ramanlal a shopkeeper earns a profit of 33.33% after selling an article at 20% discount on the printed price. Find the ratio of the cost price and the printed of the article a. 5:3 b. 1:5 c. 3:5 d. 5:1 e. None of these 9. A trader has some watches in his stock. He marks his watches 20% above the cost price. He sold half the stock at marked price, one quarter at a discount of 20% on the marked price and the rest at a discount of 40% on the marked price. What is his gain percent? a. 3% b. 2% c. 5% d. 7% e. None of these 10. A sold a watch to B at 40% gain and B sold it to C at a loss of 20%. If C bought the watch for Rs. 432, at what price did A purchase it? a. 383.33 b. 328 c. 385.71 d. 380 e. None of these 11. A shopkeeper allows a discount of 10% on the marked price of an item but charges a sales tax 8% on the discount price. If the customer pays Rs. 729 as the price including the sales tax, then what is the marked price of the item? a. 750 b. 600 c. 500 d. 450 e. None of these

12. The marked price of a watch is Rs. 1600. The shopkeeper gives successive discounts of 10% and x% to the customer. If the customer pays Rs. 1224 for the watch, find the value of x. a. 75 b. 10 c. 12 d. 15 e. None of these 13. A dealer sold three-fourth of his articles at a gain of 24% and the remaining at the cost price percentage of gain in the whole transaction is a. 18 b. 10 c. 12 d. 15 e. None of these 14. On a Rs. 10000 payment order, a person has choice between three successive discounts of 10%, 10% and 30% and three successive discounts of 40%, 5% and 5%. By choosing the better one, he can save a. 275 b. 210 c. 125 d. 255 e. None of these 15. A trader marked the selling price of an article at 10% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 2%. The discount allowed is a. 10 % b. 10 % c. 10 % d. 9 % e. None of these 16. Due to 25% fall in the rate of eggs, one can buy 2 dozen eggs more than before by investing Rs. 200. What was original rate per dozen? a. Rs b. Rs c. Rs d. Rs e. None of these 17. A shop keeper purchased some books from a publication worth Rs. 750. Because of some reasons, he had to sell two-fifth part of the book at a loss of 15%. On which gain he should sell his rest of the books so that he gets neither gain nor loss? a. 10% b. 20 % c. 25 % d. 50 % e. None of these

18. The cost price of an item is two-third of its selling price. What is the gain or loss percent on that item? a. 33.33 b. 20 c. 25 d. 50 e. None of these 19. A bookseller sells a book at a gain of 20%. If he had bought it at 20% less and sell and sold it for Rs. 6 less, he would have gained 20%. The CP of the book is a. 15 b. 20 c. 25 d. 50 e. None of these 20. By selling 32 oranges for Rs. 30 a man loss 25%. How many oranges should be sold for Rs. 24 so as to gain 20% in the transaction? a. 15 b. 20 c. 25 d. 16 e. None of these 21. A toy is sold at 10% profit. Had it been sold for Rs.10 less, the profit may be 5% only. Find the cost price. a. 200 b. 600 c. 500 d. 400 e. None of these 22. An article costing Rs.2500 is sold at 20% loss. Find the selling price a. 3000 b. 2000 c. 4000 d. 5000 e. None of these 23. If selling an article for Rs. 880 causes 10% loss on the selling price. Find its cost price a. 896 b. 869 c. 968 d. 986 e. None of these 24. Find the marked price when selling price = 2880 and discount = 4% a. 3000 b. 2000 c. 4000 d. 5000 e. None of these

25. Find the rate of discount when marked price=Rs. 250 and selling price Rs. 235 a. 3% b. 2% c. 4% d. 6% e. None of these 26. A person purchased a Toy at 25% discount on its marked price but sold it at the marked price. Find the gain percent? a. 33.33% b. 20 % c. 25 % d. 50 % e. None of these 27. A person allows 4% discount on the marked price of his goods and still earns a profit of 20%. Find the cost price for his marked at Rs. 850? a. 860 b. 680 c. 780 d. 880 e. None of these 28. A man marks his goods at such a price that he can deduct 87.5%cash and yet make 20% profit. What is the marked price of an article which cost minimum him Rs. 140 a. 190 b. 189 c. 192 d. 195 e. None of these 29. A man sells T.V. to B at a gain of 10% and B cells it to C at a gain of 5%. If C pays Rs. 4620 for it what did it cost to A? a. 3000 b. 2000 c. 4000 d. 5000 e. None of these 30. A man sells 2 toys at Rs.616 each. On one he gained 12% and on the other he lost 12%. Find his total gain or loss in the transaction. a. Rs. 18 loss b. Rs.16 loss c. Rs.18 profit d. Rs.16 profit e. None of these 31. A man bought a thing and sold it at a gain of 8%. If he had bought it for 10% less and sold it for Rs.240 less he would have made a profit of 16.66%. Find the cost price of the thing a. 860 b. 800 c. 780 d. 880 e. None of these

32. Gain or Loss is always counted on .. a. selling price b. marked price c. cost price d. data inadequate e. None of these 33. The retail list price of a radio is Rs.210. The seller allows a discount of 5% for cash and still makes a profit of 14% on his outlay. The manufacturers price to the retailer is 26% higher than the cost price? a. 125 b. 139 c. 150 d. 110 e. None of these 34. A fan is sold for Rs. 924. Had it been sold for Rs. 940 there would have been an additional profit of 2% on the cost price. Find the cost price of the fan a. 860 b. 820 c. 800 d. 880 e. None of these 35. The difference in selling a toy at profit 8% and 12% is Rs.24. Find the cost price of toy a. 860 b. 680 c. 620 d. 600 e. None of these 36. A person buys 40 pencils from a wholesaler at the marked price of 36 pencils. If the person sells at the marked price, find his profit percent a. 11% b. 11% c. 11% d. 10% e. None of these 37. Single discount equivalent to a series of discounts of 20% and 30% is a. 44% b. 40 % c. 45 % d. 50 % e. None of these

38. A radio whose Tag price is Rs. 7000 is available at 2 successive discounts of 20% and 25%. Find the single equivalent discount a. 44% b. 40 % c. 45 % d. 50 % e. None of these 39. The cost of a picture album is Rs. 500 it is available at two successive discounts of 15% and 20%. Find the amount paid by the customer a. 300 b. 200 c. 340 d. 360 e. None of these Ans: Rs. 340 40. Find single discount rate equivalent to a series of discounts 20%, 25% and 30% a. 58% b. 40 % c. 45 % d. 50 % e. None of these 41. If a shopkeeper allows x% discount on the marked price of an article then the selling price of the article = Ans: (100-x) % of marked price 42. A person allows 30% discount on all his articles, the number of the articles sold is increased by 30%. Find the effect on total sale? Ans: 9% decrease 43. A chair which costs Rs. 800 was sold at a loss of 5%. Find its selling price Ans: Rs. 760

44. I sold a pen at a loss of 25% on my outlay Express this loss as a percentage of the selling price a. 33.33% b. 20 % c. 25 % d. 50 % e. None of these 45. Kabir buys an article with 25% discount on the original price. He makes a profit of 10% by selling it at Rs. 660. What is the original price of the article? Ans: Rs. 800 46. Vishnu bought 170 kg of sugar at the rate of Rs. 5.80 per kg and mixed it in 130 kg sugar purchased at Rs. 5.30 per kg. He sold the mixture with a profit of Rs. 161. The rate of the mixture per kg was Ans: Rs. 6.12 47. Subhash bought 20 kg of tea at the rate of Rs. 30 per kg and 30 kg at the rate of Rs. 25 per kg. He mixed the two and sold the mixture at the rate of Rs. 22.50 per kg. What was his loss in this transaction? Ans: Rs. 225 48. The amount of loss incurred by selling an article for Rs. 800 is 50% of the amount gained if it is sold for Rs. 1,400. At what price should it be sold to have 2% profit? Ans: Rs. 1200 50. The loss incurred on selling an article for Rs. 270 is as much as the profit made when it is sold at 10% profit. What is the cost price of the article? Ans: Rs. 300

51. If the selling price of 40 articles is equal to the cost price of 50 similar articles, what is the percent gain or loss? a. 33.33% profit b. 20 % loss c. 25 % loss d. 50 % profit e. None of these 52. Sukumar Chowdhury bought paper sheets for Rs. 3600 and spent Rs. 100 on transport. Paying Rs. 300, he had 300 boxes made of them, which he sold at Rs. 16 each. What is his profit percent? Ans: 20 53. Sohanlal purchased 120 reams of paper at the rate of Rs. 100 per ream. The expenditure on transport was Rs. 480. He had to pay an octroi duty of 50 paise per ream and the coolie charges were Rs. 60. What should be the selling price of each ream if he wants a profit of 20%? Ans: Rs. 126 54. Neeraj bought a car for a certain sum of money. He spent 10% of the cost of repairs and sold the car for a profit of Rs. 11,000. How much did he spend on repairs if he made a 20% profit? Ans: Rs. 5000 55. By selling an article for Rs. 469, Mahesh gained 15%. What was the cost price of the article? Ans: Rs. 400 56. A fruit vendor purchased 35 dozen apples at Rs. 10 per dozen. Out of this 2 dozen got rotten and he sold 28 dozen at Rs. 12 per dozen. Remaining apples were sold by sold by him

at Rs. 15 per dozen. What profit did he make in this bargain? Ans: Rs. 61 57. There would be 10% loss if rice is sold at Rs. 5.40 per kg. What price per kg should it be sold to earn a profit of 20%? Ans: Rs. 7.20 58. Dilip prepared 50 show pieces of sandalwood. The cost of production of each piece was Rs. 10. Apart from this he has to pay Rs. 5 per piece as commission to the selling agent and Re. 1 per piece to the workshop assistant. What should be the selling price of each article if he wished to sell them at 30% profit? Ans: Rs. 20.80 59. Samir purchased 24kg of wheat at the rate of Rs. 6.50 per kg and 26kg of wheat at the rate of Rs. 8.00 per kg. He mixed the two and sold the mixture. Approximately at what price per kg should he sell the mixture to make 30 percent profit in this transaction? Ans: Rs. 9.50 60. If the chairs bought at price Rs. 300 to Rs. 450 are sold at prices ranging from Rs. 400 to Rs. 525, what is the maximum possible profit that might be made in selling 10 chairs? Ans: Rs. 2250 61. The selling price of 50 articles is equal to the cost price of the same 60 articles. What is the percent profit or loss? a. 33.33% profit b. 20 % profit c. 25 % profit d. 50 % profit e. None of these

62. A shopkeeper purchases 18kg of sugar at the rate of Rs. 4.25 per kg and 22 kg at the rate of Rs. 7.00 per kg. He mixes the two and sells the mixture at the rate of Rs. 5.35 per kg. What will be his gain or loss in the transaction? Ans: Rs. 16.50 loss 63. In a factory there are A grade and B grade employees. Each employee contributes as many rupees as the number of employees in his grade. The employer contributes Rs. 618. If the total contribution is Rs. 839 and total contribution made by grade B employees is Rs. 25, how many employees are there in the factory? Ans: 19 64. A shop keeper earns a profit of Rs. 60 by selling an article. Had he sold the same article at Rs. 520, the profit percent would have been 30. At what price did he sell the article? Ans: Rs. 460 65. Prabhat bought 20 kg of rice at the rate of Rs. 8.50 per kg and 30 kg of rice at the rate of Rs. 9.75 per kg. He mixed the two for selling the mixture. Approximately at what price per kg should he sell the mixture to get 25% profit on the cost price? Ans: Rs. 10.50 66. By selling an article Sheetal earned a profit equal to the of the price he bought it. If he sold it at Rs. 375, what was the cost price? Ans: Rs. 300

67. The percent profit made when an article is sold for Rs. 78 is twice as much as when it is sold for Rs. 69. What is the cost price of the article? Ans: Rs. 60 68. Pujari bought 20 quintals of rice at Rs. 250 per quintal and 30 quintals at Rs. 280 per quintal. He mixed the two and sold the mixture for Rs. 270 a quintal. What was his gain in the deal? Ans: Rs. 100 69. Prakash bought a suitcase with 25% discount on the price. At what price should he sell the suitcase if he wants to make a profit of 25% on his purchase price? Ans: Cant be determined 70. A grain merchant bought 50kg of wheat at the rate of Rs. 7 per kg and 20 kg at the rate of Rs. 8 per kg. He mixed both and sold at the rate of Rs. 10 per kg. What is his total profit? Ans: Rs. 190 71. The profit earned by selling a watch for Rs. 850 is as much as the loss incurred when it is sold for Rs. 650. What is the cost price of the watch? Ans: Rs. 750 72. A shopkeeper gives a discount of 25% on the marked price of an article and earns a profit of 20% on his outlay. If

he had not given any discount, then the profit on his outlay would have been Ans: 60% 73. A fruit-seller sells mangoes at the rate of Rs. 50 for 10 mangoes. The number of mangoes purchased by the fruit-seller for Rs. 50 in order to get a profit of 60% is Ans: 16 74. By selling goods for Rs. 380, A loses 5 percent on his outlay. The price at which A must sell them to gain 10 percent, would be Ans: Rs. 440 75. I sold my table for Rs. 144 earning profit percent equal to the cost price of the table numerically. The cost price of the table is Ans: Rs. 80 76. A person buys a book for Rs. 200 and sells it for Rs. 225. What will be his gain percent? Ans: 12.5% 77. A calculator is bought for Rs. 350 and sold at a gain of 15%. What will be the selling price of calculator in rupees? Ans: 402.50 78. If the cost price is 95% of the selling price. What is the profit percent? Ans: 5.26

79. The owner of a cell phone shop charges his customer 28% more than the cost price. If the customer paid Rs. 8960 for the cell phone, what was the cost price of the cell phone? Ans: Rs. 7000 80. Selling price of an article for Rs. 2220 and the percent profit earned is 20%. What is the cost price of the article? Ans: Rs. 1850 81. The profit earned after selling a pair of shoes for Rs. 2033 is the same as the loss incurred after selling the same pair of shoes for Rs. 1063. What is the cost price of the shoes? Ans: Rs. 1548 82. A man sells an article at a profit of 40%. If he had bought it at 40% less and sold for Rs. 5 less, he would have gained 50%. Find the cost price of the article. Ans: Rs. 10 83. Charu purchased a dinner set at of its selling price and sold it at 10% more than its SP. Find the gain percent Ans: 10 84. Rajan sold an article for Rs. 6000 at a loss of 25%. Find the cost price Ans: Rs. 8000 85. The owner of a furniture shop charges his customer 18% more than the CP. If a customer paid Rs. 10207 for a dining

table, find its original price Ans: Rs. 8650 86. Meena purchased two fans each at Rs. 1200. She sold one fan at the loss of 5% and other at the gain of 10%. Find total gain of loss percent Ans: 2.5% profit 87. Kapil sold two bikes for Rs. 50000 each. On one he gains 14% and on the other, he losses 14%, find his gain or loss percent in this whole transaction Ans: 1.96% loss 88. If the cost price of 20 articles is equal to the selling price of 15 articles. Find the profit percent Ans: 33.33% 89. A tradesman marks his goods at 20% above the cost price but allows purchasers a discount of 5%, What profit percent does he make? Ans: 14% 90. Profit earned by selling an article for Rs. 1450 is same as the loss incurred by selling the article for Rs. 1280. What is the cost price of the article? Ans: Rs. 1365 91. If a man wants to sell his chair for Rs. 720 he gets 25% loss. To gain 25%, he should sell if for Ans: Rs. 1200

92. The SP of an article after two successive discounts of 10% and 5% on marked price is Rs. 171. Find the marked price Ans: Rs. 200 93. The difference between the CP and SP of an article is Rs. 240. If the profit is Rs. 20%, the selling price is Ans: Rs. 1440 94. Pankal purchased an item for Rs. 7500 and sold it at the gain of 24%. From that amount he purchased another item and sold it at the loss of 20%. What is his overall gain/loss? Ans: Loss of Rs. 60 95. Sumit purchased an item for Rs. 4000 and sold it at the gain of 35%. From that amount, he purchased another item and sold it at the loss of 20%. What is his overall gain/loss? Ans: Gain of Rs. 320