PROFIT – LOSS Questions Part-1

(1) I gain 60 paise on Rs.60, my gain percent is

1. 0.1%

2.10%

3.1%

4.None

(2) When an article is sold for Rs.35, there is a loss of 2%. What is the cost price of article?

1. Rs.35.7

2.Rs.36

3.Rs.38.34

4.none

(3) A man buys an article for Rs.28.50 and sell it for Rs.26.40 find his loss percent?

1. 8%

2. clip_image002[4]

3. clip_image004[4]

4. none

(4) Find SP when CP = Rs.56.25, loss = 10%

1. Rs.51.60

2.Rs.50.625

3.Rs.52.725

4.None

(5) A dishonest dealer professes to sell his goods at cost price but uses a weight of 850gm for a kg weight. Find his gain percent

1. clip_image006[4]

2. clip_image008[4]

3. clip_image010[4]

4. None

(6) A man sold two articles for Rs.600 each, on one he gains 15% while on the other he loses 15%. Find profit or loss%

1. 2.25% loss

2.25% gain

3.no loss no gain

4.none

(7) If a trader allows a discount of 15% on the marked price of Rs.675, at what price should he sell the article

1. Rs.650.25

2.Rs.573.75

3.Rs.523.85

4.None

(8) Find the single discount, which is equivalent to 15% and 25% successively?

1. 38%

2.35%

3.36.25%

4.37.25%

(9) If the cost price is 92% of the SP then what is the profit percent

1.clip_image012[4]

2. clip_image014[4]

3. clip_image016[4]

4. none

(10) By selling a watch for Rs.496, a shop keeper incurs a loss of 20%, find the cost price of the watch.

1. Rs.620

2.Rs.720

3.Rs.650

4.None

(11) A shopkeeper sold goods for Rs.2800 and made a profit of 28% in the process. Find profit or loss percent if he had sold his goods for Rs.2100

1. 4% profit

2.4% loss

3.no loss no gain

4.none

(12) A shopkeeper bought 120 chocolates at Rs.8 per dozen. If he sold all of them at Rs.1 each what was his profit/ loss percent?

1. 20%

2.25%

3.50%

4.60%

(13) A shopkeeper marks the price of an article at Rs.80, find the Cost price, if after allowing discount of 20% he still gains 10% on the CP.

1. Rs.59

2.Rs.58.18

3.Rs.60

4.None

(14) A shopkeeper marks the price of an article at Rs.80, what will be the selling price of the article if he allows two successive discounts of 5% each?

1. Rs.73.20

2.Rs.72

3.Rs.72.20

4.None

(15) A dozen pairs of gloves quoted at Rs.96 are available at a discount of 10%, find how many pairs of gloves can be bought for Rs.36

1. 3 pairs

2.8 pairs

3.4 pairs

4.none

(16) Find the single discount equivalent to the discount series of 20%, 10%, 5% respectively?

1. 31%

2.31.6%

3.32%

4.none

(17) 12 oranges are bought for a rupee and are sold at 10 for a rupee. Find the percentage profit or loss?

1. 10%

2.15%

3.25%

4.20%

(18) A reduction of 5% in the price of rice enables a housewife to buy 3.1 kg more for Rs.139.5. Find the reduced price per kg

1. Rs.2.00

2.Rs.2.50

3.Rs.2.25

4.none

(19) The marked price of a chair is Rs. 1000, which is 20% above the cost price. It is sold at a discount of 10% on the marked price. Find the profit percentage.

1. 16%

2.9%

3.8%

4.10%

(20) How much percent more than the cost price should a shopkeeper mark his goods, so that after allowing a discount of 15% he should have a gain of 2% on his outlay?

1. 10%

2.20%

3.30%

4.none

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