PROFIT, LOSS, DISCOUNT

 

1. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is:

A. 32/7%                   

B. 60/11%                       

C. 10%                       

D. 12%

Answer:- 2

 

2. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

A. 30%                   

B. 70%                  

C. 100%                 

D. 250%

Answer:- 2

 

3. A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A. 3                                 

B. 4                          

C. 5                                

D. 6

Answer:- 3

 

4. On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:

A. Rs. 45                     B. Rs. 50                        C. Rs. 55                     D. Rs. 60

Answer:- 4

 

5. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

A. No profit, no loss                              

B. 5%                   

C. 8%                    

D. 10%                           

E. None of these

Answer:- 2

 

6. A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

A. Rs. 1090                      

B. Rs. 1160                     

C. Rs. 1190                      

D. Rs. 1202

Answer:- 3

 

7. Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?

A. 3.5                          

B. 4.5                      

C. 5.6                          

D. 6.5

Answer:- 3

 

8. Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:

A. 30%                        

B. 100/3%                    

C. 35%                        

D. 44%

Answer:- 4

 

9. A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?

A. Rs. 18.20                    

B. Rs. 70                       

C. Rs. 72                         

D. Rs. 88.25

Answer:- 3

 

10. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:

A. 15                            

B. 16                           

C. 18                            

D. 25

Answer:- 2

 

11. John buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, what is his gain percent?

A. 12%

B. 10%

C. 447%

D. 5511%

Answer:- 4

 

12. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x

A. 15

B. 25

C. 18

D. 16

Answer:- 4

13. If selling price is doubled, the profit triples. What is the profit percent?

A. 100

B. 10513

C. 6623

D. 120

Answer:- 1

 

14. In a shop, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, find out approximately what percentage of the selling price is the profit?

A. 250%

B. 100%

C. 70%

D. 30%

Answer:- 3

15. A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A. 3

B. 4

C. 5

D. 6

Answer:- 3

16. The percentage profit earned by selling an item for Rs. 1920 is equal to the percentage loss incurred by selling the same item for Rs. 1280. At what price should the item be sold to make 25% profit?

A. Insufficient Data

B. Rs. 3000

C. Rs. 2000

D. Rs. 2200

Answer:- 3

17. An exporter expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?

A. Insufficient Data

B. Rs. 80

C. Rs. 90

D. Rs. 72

Answer:- 4

18. A man buys a scooter for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the scooter?

A. Rs. 1240

B. Rs. 1190

C. Rs. 1090

D. Rs. 1130

Answer:- 2

19. Murali purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. Find out his profit percentage.

A. 3.5

B. 5.6

C. 4.1

D. 3.4

Answer:- 2

20. Some items were bought at 6 items for Rs. 5 and sold at 5 items for Rs. 6. What is the gain percentage?

A. 44%

B. 3313

C. 3123

D. 30%

Answer:- 1

 

21. On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. What is the cost price of a ball?

A. Rs. 43

B. Rs. 60

C. Rs. 55

D. Rs. 34

Answer:- 2

22. When an item is sold for Rs. 18,700, the owner loses 15%. At what price should that plot be sold to get a gain of 15%?

A. Rs. 25100

B. Rs. 24200

C. Rs. 25300

D. Rs. 21200

Answer:- 3

23. 100 oranges were bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. What is the percentage of profit or loss?

A. 1127% Loss

B. 1117% Profit

C. 1427% Profit

D. 1427% Loss

Answer:- 3

 

24. A shopkeeper sells one radio for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. What is his total gain or loss percentage?

A. 5%

B. 6%

C. 61217%

D. 51517%

Answer:- 4

 

25. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. What is his profit percentage?

A. 6%

B. 5%

C. 4%

D. 7%

Answer:- 2

26. If a material is sold for Rs.34.80, there is a loss of 25%. Find out the cost price of the material?

A. Rs.46.40

B. Rs.44

C. Rs.42

D. Rs.47.20

Answer:- 1

27. A fruit seller sells apples at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%?

A. 11.32

B. 11

C. 12

D. 11.81

Answer:- 4

 

28. A trader gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labeled price of an item. The final sale price of the item is Rs.704. Find out the labeled price?

A. 1000

B. 2000

C. 1200

D. 920

Answer:- 1

29. A man sells two houses at the rate of Rs.1.995 lakhs each. On one he gains 5% and on the other, he loses 5%. What is his gain or loss percent in the whole transaction?

A. 0.25%.

B. .3%

C. .4%

D. .5%

Answer:- 1

30. John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and Rs.1000 on transport he sold it with 25% profit. What price did he sell the machine?

A. Rs.107000.

B. Rs.107500.

C. Rs.108500.

D. None of these

Answer:- 2

31. By selling an item for Rs.15, a trader loses one sixteenth of what it costs him. The cost price of the item is

A. Rs.14

B. Rs.15

C. Rs.16

D. Rs.17

Answer:- 3

32. A shopkeeper sells his goods at cost price but uses a weight of 800 gm instead of kilogram weight. What is his profit percentage?

A. 18%

B. 40%

C. 25%

D. 20%

Answer:- 3

33. Prasanth bought a car and paid 10 % less than the original price. He sold it with 30% profit on the price he had paid. What percentage of profit did he earn on the original price?

A. 17%

B. 16%

C. 18%

D. 14%

Answer:- 1

34. If a seller reduces the selling price of an item from Rs.400 to Rs.380, his loss increases by 2%. What is the cost price of the item?

A. 1000

B. 800

C. 1200

D. 1100

Answer:- 1

35. A trader keeps the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

A. None

B. 30%

C. 25%

D. 20%

Answer:- 4

36. Arun bought a computer with 15% discount on the labeled price. He sold the computer for Rs.2880 with 20% profit on the labeled price. At what price did he buy the computer?

A. Rs.3000

B. Rs.2080

C. Rs.2040

D. Rs.2000

Answer:- 3

 

37. An item was sold for Rs.27.50 with a profit of 10%. If it was sold for Rs.25.75, what would have been the percentage of profit or loss?

A. 3%

B. 2%

C. 4%

D. 5%

Answer:- 1

38. If selling price of an article is Rs. 250, profit percentage is 25%. Find the ratio of the cost price and the selling price

A. 5: 3

B. 3 : 5

C. 4 : 5

D. 5 : 4

Answer:- 3

39. A material is purchased for Rs. 600. If one fourth of the material is sold at a loss of 20% and the remaining at a gain of 10%, Find out the overall gain or loss percentage?

A. 312%

B. 212%

C. 3%

D. 2%

Answer:- 2

 

40. A shopkeeper buys pencils at 9 for Rs. 16 and sells them at 11 for Rs. 22. Find out his loss or gain percentage?

A. 1212%

B. 12%

C. 14%

D. 1123%

Answer:- 1

 

41. A reduction of 10% in the price of a pen enabled a trader to purchase 9 more for Rs.540. What is the reduced price of the pen?

A. 8

B. 6

C. 5

D. 4

Answer:- 2

42. Sunil purchases two books at Rs.300 each. He sold one book 10% gain and other at 10% loss. What is the total loss or gain in percentage?

A. 10% gain

B. 1% loss

C. No loss or no gain

D. 1% gain

Answer:- 3

 

43. Gauri went to the stationers and bought things worth Rs. 25, out of which 30 paise went on sales tax on taxable purchases. If the tax rate was 6%, then what was the cost of the tax free items?

A.Rs. 15                           

B.Rs. 15.70                       

C.Rs. 19.70                      

D.Rs. 20

Answer:- 3

 

44. How many kilogram of sugar costing Rs. 9 per kg must be mixed with 27 kg of sugar costing Rs. 7 per kg so that there may be a gain of 10% by selling the mixture at Rs. 9.24 per kg?

1. 36 kg                            

2. 42 kg                           

3. 54 kg                            

4. 63 kg

Answer:- 4

 

45. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

1. Rs. 2000                                  

2. Rs. 2200                              

3. Rs. 2400                                 

4. Data inadequate

Answer:- 1

 

46. Rohit bought paper sheets for Rs 7200 and spent Rs 200 on transport. Paying Rs 600, he had 330 boxes made, which he sold at Rs 28 each. His profit percentage is ?

a.15.5

b.60

c.40 .

d.35

e.None of these

Answer:- 1

 

47. A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is?

a.10

b.19

c.12

d.22

e.None of these

Answer:- 3

 

48. If the cost price of 20 articles is equal to the selling price of 25 articles, what is the % profit or loss made by the merchant?

a.25% loss

b.25% profit

c.20% loss

d.20% profit

e.5% profit

Answer:- 3

 

49. Reshu bought 4 dozen oranges at Rs 12 per dozen and 2 dozen oranges at Rs 16 per dozen. She soldthem all to earn 20% profit. At what price per dozen did he sell the oranges ?.

a.14.4

b.16.8

c.16

d.19.2

e.None of these

Answer:- 3

 

50. A bought a ratio st and spent Rs 110 on its repairs. He then sold it to B at 20% profit,B sold it to C at a loss’ of 10 % and C sold it for Rs 1188 at a profit of 10 %. What is the amOunt for which A bought the radio set?

a.Rs 850

b.Rs 930

c.Rs 890

d.Rs 950

e.None of these

Answer:- 3

 

51. Rahim buys mangoes at the rate of 3 kg for Rs 21 and sells them at 5 kg for Rs 50. To earn Rs 102 as profit, he must sell?

a.26 kg

b.34 kg

c.32 kg

d.56 kg

e.None of these

Answer:- 2

 

52. Ram purchased 120 reams of paper at Rs 80 per ream. He spent Rs 280 on transportation, paid octroi at the rate of 40 paise per ream and paid Rs 72 to the coolie. If he wants to have a gain of 8 %, what must be the selling price per ream?

a.90

b.89

c.87.48

d.86

e.None of these

Answer:- 1

 

53. Ajay bought 15 kg of dal at the rate of Rs 14.50 per kg and 10 kg at the rate of Rs 13 per kg. He mixed the two and sold the mixture at the rate of Rs 15 per kg. What was his total gain in this transaction ?

a.Rs 1.10

b.Rs 11

c.Rs 16.50

d.Rs 27.50

e.None of these

Answer:- 4

 

54. A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss ot 20% and the cow at gain ot 20% 1 he entire transaction resulted in?

a.no loss or gain

b.gain of Rs. 1000

c.loss of Rs. 1000

d.gain of Rs. 2000

e.None of these

Answer:- 3

 

55. By selling 45 lemons for Rs 40, a man loses 20 %. How many should he sell for Rs 24 to gain. 20 % in the transaction ?

a.16

b.20

c.18

d.22

e.None of these

Answer:- 3

 

56 .If the cost price is 25% of selling price. Then what is the profit percent.

 a.  150%

 b.  200%

 c.  300%

 d.  350%

 e.  None of these

Answer:- 3

 

57. A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then would have been percentage of profit and loss ?

a.  2% Profit

b.  3% Profit

c.  2% Loss

 d.  3% Loss

e.  None of these

Answer:- 2

 

58. In terms of percentage profit, which among following the best transaction.

a.  C.P. 36, Profit 17

b.  C.P. 50, Profit 24

c.  C.P. 40, Profit 19

d.  C.P. 60, Profit 29

e.  None of these

Answer:- 4

 

59. A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles ?

a.  Rs15

b.  Rs 20

c.  Rs 22

d.  Rs 25

e.  None of these

Answer:- 3

 

60. A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

a.  18%

b.  20%

c.  22%

d.  24%

e. None of these

Answer:- 2

 

61. A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%

a.  Rs 8.81

b.  Rs 9.81

c.  Rs 10.81

d.  Rs 11.81

e.  None of these

Answer:- 4

 

61. A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is

a.  12%

b.  13%

c.  14%

d.  15%

e.  None of these

Answer:- 1

 

62. A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400

a.  4%

b.  5%

c.  6%

d.  7%

e.  None of these

Answer:- 4

 

63. A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be.

a.  130%

b.  140%

c.  150%

d.  160%

e. None of these

Answer:- 2

 

64. If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?

a.  12%

b.  30%

c.  50%

d.  60%

e. None of these
Answer:- 3

65. Aditya  bought a pen at 70% of the listed price. He sold it for Rs 350/- which was 20% more than the price he had bought for. What was the listed price?

(1) Rs 315.88        

(2) Rs 320.48    

(3) Rs 416.66    

(4) Rs 461.66    

(5) None of these

Answer:- 3

 

66. When the price of chair was reduced by 40%, the number of chairs sold increased by 80%, what was the effect on the sales rupees?

(1) 8% increase    

(2) 10% increase  

(3) 8% decrease    

(4) 10% decrease   

(5) None of these

Answer:-  1

 

67. A fruit seller had some apples. He sells 40% apples and still has 420 apples. Originally, he had:

(1) 588 apples        

(2) 600 apples   

(3) 672 apples    

(4) 700 apples    

(5) None of These

Answer:- 4