PROFIT AND LOSS

1. A shopkeeper purchased a radio for 600. He sold 10. Minu sold her watch for 540 and incurred 40%
the radio for 720. What is the per cent profit he loss. If she sells the watch and incurs loss of 15%
earned in the transaction? then what would be the selling price?
(1) 20% (2) 25% (3) 30% (1) 900 (2) 756 (3) 657
(4) 35% (5) None of these (4) 567 (5) None of these
2. A shopkeeper purchased a radio for 800. He sold 11. Dinesh purchased some lemons. He purchased 3
the radio for 600. What is the per cent loss he lemons for 2. He sold all the lemons and earned
incurred in the transaction? 25% profit. At what rate did he sell all the lemons?
(1) 20% (2) 25% (3) 30% (1) 4 for 3 (2) 5 for 4 (3) 6 for 5
(4) 35% (5) None of these (4) 7 for 8 (5) None of these
3. Ramesh purchased a scooter for 20000. He sold 12. Ritesh purchased some lemons. He purchased 7
the scooter and earned 12% profit in the transaction. lemons for 10. He sold all the lemons and incurred
At what price did Ramesh sell the scooter? 20% loss. At what rate did he sell all the lemons?
(1) 22200 (2) 22300 (3) 22400 (1) 35 for 3 (2) 35 for 4 (3) 35 for 6
(4) 22500 (5) None of these (4) 35 for 8 (5) None of these
4. Suresh purchased a bike for 26000. He sold the 13. Ratish purchased some lemons. He sold all the lemons.
bike and incurred 18% loss in the transaction. At what He sold 8 lemons for 7 and earned 40% profit. In
price did Suresh sell the article? order to obtain 50% profit what should be the selling
(1) 21120 (2) 21420 (3) 21230 rate?
(4) 21320 (5) None of these (1) 15 for 13 (2) 15 for 16
5. Rita sold her watch for 700 and got 40% profit. At (3) 16 for 15 (4) 17 for 16
what price did Rita purchase the watch? (5) None of these
(1) 600 (2) 640 (3) 540 14. Jitendra purchased some lemons. He sold all the
(4) 500 (5) None of these lemons. He sold 11 lemons for 10 and incurred
30% loss. In order to obtain 40% profit what should
6. Sita sold her watch for 900 and incurred 40% loss. be the selling rate?
At what price did Sita purchase the watch?
(1) 11 for 20 (2) 20 for 11
(1) 1600 (2) 1640 (3) 1540
(3) 11 for 10 (4) 21 for 25
(4) 1500 (5) None of these
(5) None of these
7. Alka sold her watch for 480 and incurred 40%
loss. In order to obtain a profit of 30%, what should 15. Keshav purchased some lemons. He sold all the
be the selling price? lemons. He sold 11 lemons for 10 and incurred
30% loss. What should be the selling rate if he incurs
(1) 1140 (2) 940 (3) 1040 20% loss?
(4) 1060 (5) None of these (1) 77 for 80 (2) 66 for 70
8. Renu sold her watch her 960 and earned 20% (3) 11 for 10 (4) 80 for 77
profit. In order to obtain a profit of 60%, what should
be the selling price? (5) None of these
16. Deepak purchased some lemons. He purchased 5
(1) 1280 (2) 1380 (3) 1080
lemons for 7. He sold all the lemons. If he sold 2
(4) 1180 (5) None of these lemons for 3. What is the per cent profit in the
9. Annu sold her watch for 520 and earned 30% whole transaction?
profit. If she sells the watch and incurs loss of 45% (1) 5% (2) 6% (3) 7%
then what would be the selling price?
(4) 8% (5) None of these
(1) 300 (2) 400 (3) 340
(4) 220 (5) None of these
17. Mukesh purchased some lemons. He purchased 7 26. A tradesman by means of false balance defrauds to
lemons for 9. He sold all the lemons. If he sold 11 the extent of 10% in buying goods and also by means
lemons for 13. What is the per cent loss in the of false balance defrauds to the extent of 10% in
whole transaction? selling. His gain per cent is–
(1) 5% (2) 6% (3) 7% (1) 21% gain (2) 19% gain (3) 20% gain
(4) 8% (5) None of these 2
(4) 22 % (5) None of these
18. A person buys 100 toffees at 10 a rupee and 200 9
toffees at 5 a rupee. He mixes them together and sells 27. A tradesman marks his goods 20% above the cost
at 4 a rupee. Find his per cent profit. price. He offers 10% discount to customers. What is
(1) 20% (2) 25% (3) 40% his gain in per cent?
(4) 50% (5) None of these (1) 10% gain (2) 8% gain (3) 12% gain
19. The profit earned by selling an article for 832 is (4) 32% gain (5) None of these
equal to the loss incurred when the same article is 28. Rishav marks his goods 30% above the cost price but
sold for 448. What should be the sale price of the allows 30% discount for cash payment. If he sells the
article for making 50 per cent profit? article for 2730, find his cost price.
(1) 960 (2) 1060 (3) 1200 (1) 3500 (2) 2800 (3) 2950
(4) 920 (5) None of these (4) 3000 (5) None of these
20. The profit earned by selling an article for 900 is 29. A dealer wants to earn 20% profit on an article after
double the loss incurred when the same article is sold offering 25% discount to the customer. If the cost
for 600. What should be the sale price of the article price of an item is 300, then the markprice (label
for making 40 per cent profit? price) of the article would be–
(1) 980 (2) 1080 (3) 1200 (1) 480 (2) 435 (3) 580
(4) 700 (5) None of these (4) 600 (5) None of these
21. A dishonest fruit vendor professes to sell his goods at 30. A dealer wants to earn 25% profit on an article after
cost price but he uses a weight of 800 g. for the kg. offering 50% discount to the customer. If the
weight. Find his gain per cent. markprice (label price) of the article is 500, then
(1) 20% (2) 40% (3) 25% the cost price of the article must be–
(4) 50% (5) None of these (1) 200 (2) 300 (3) 400
22. A dishonest fruit vendor professes to sell his goods at (4) 250 (5) None of these
a profit of 10% but he uses a weight of 16 gram for 31. If a discount of 20% is given on the marked price of
20 gram. Find his gain per cent. an article, the shopkeeper gets a profit of 60%. Find
(1) 14% (2) 24% (3) 35% his per cent profit if he offers a discount of 25% on
the same article.
(4) 37.5% (5) None of these
(1) 20% (2) 30% (3) 50%
23. A grocer sells rice at a profit of 20% and uses a weight
which is 25% less. Find his total percentage gain. (4) 75% (5) None of these
(1) 50% (2) 55% (3) 60% 32. If a discount of 30% is given on the marked price of
an article, the shopkeeper gets a profit of 5%. Find
(4) 65% (5) None of these
his per cent loss if he offers a discount of 50% on the
24. A cloth dealer professes to lose 20% on a certain same article.
garments, but he uses a metre having a length of 90
(1) 20% (2) 25% (3) 30%
cm only and charges for the metre. Find his gain or
loss per cent. (4) 15% (5) None of these
1 1 33. What will be the percentage profit after selling an
(1) 11 % gain (2) 11 % loss article at a certain price if there is a loss of 40% when
9 9
the article is sold at 1/3rd of the previous selling price?
(3) 12.5% loss (4) 12.5% gain
(1) 20% (2) 80% (3) 75%
(5) None of these
(4) 60% (5) None of these
25. A tradesman defrauds to the extent of 10% in buying
goods and also defrauds to the extent of 10% in 34. What will be the percentage profit after selling an
selling. His gain per cent is– article at label price if there is a loss of 20% when
the article is sold at one third of the label price?
(1) 21% gain (2) 19% gain (3) 20% gain
(1) 20% (2) 80% (3) 75%
2
(4) 22 % gain (5) None of these (4) 60% (5) None of these
9
35. If a merchant estimates his profit as 20% of the selling 46. A man buys two horses for 1550. He sells one so
price, what is his actual profit per cent? as to lose 23% and the other so as to gain 27%. On
(1) 20% (2) 25% (3) 30% the whole he neither gains nor loses. What does each
horse cost?
(4) 44% (5) None of these
(1) 807, 743 (2) 817, 733
36. If a merchant estimates his loss as 25% of the selling
price, what is his actual loss per cent? (3) 827, 723 (4) 837, 713
(1) 20% (2) 25% (3) 30% (5) None of these
(4) 44% (5) None of these 47. A person bought two watches for 960. He sold one
37. I sell 9 articles for the same money as I paid for 12. at a loss of 20% and the other at a gain of 60% and
What is my gain in per cent? he found that each watch was sold at the same price.
Find the cost price of two watches.
(1) 24% (2) 25% (3) 30%
(4) 33% (5) None of these (1) 640, 320 (2) 540, 420

38. I sell 12 articles for the same money as I paid for 10. (3) 440, 520 (4) 650, 310
What is my loss in per cent? (5) None of these
(1) 20% (2) 25% (3) 30% 48. A man sells two articles, each for the same price
(4) 35% (5) None of these 550. He earns 20% profit on the first and incurs
39. By selling 75 metres of cloth, I gain the selling price 20% loss on the second. What would be his
of 25 metres. Find the gain per cent. approximate overall per cent profit or percent loss?
(1) 4% gain (2) 4% loss (3) 4.4% gain
1
(1) 33 % (2) 50% (3) 25% (4) 4.4% loss (5) None of these
3
(4) 45% (5) None of these 49. A man purchases two articles, each for the same price
40. By selling 85 metres of cloth, I lose the selling price 600. He earns 20% profit on the first and incurs
of 15 metres. Find the loss per cent. 20% loss on the second. What would be his
approximate overall per cent profit or percent loss?
(1) 12% (2) 15% (3) 18%
(1) 4% gain (2) 4% loss (3) 4.4% gain
(4) 20% (5) None of these
41. By selling 48 metres of cloth a person gains the cost (4) 4.4% loss (5) None of these
price of 12 metres. Find the gain per cent. 50. A man sells two horses for 11900. The cost price
(1) 25% (2) 20% (3) 28% of the first is equal to the selling price of the second.
If the first is sold at 30% loss and the second at 25%
(4) 30% (5) None of these
gain, what is his total gain or loss (in rupees)?
42. A chair was sold at a loss of 10 per cent. If it was
(1) 600 loss (2) 700 loss (3) 750 gain
sold for 84 more, there would have been a gain of
4 per cent. For how much was the chair sold? (4) 700 gain (5) None of these
(1) 600 (2) 640 (3) 540 51. Radha purchased 10 dozens pens at 70 per dozen.
(4) 500 (5) None of these He sold 7 dozens pens at 7% profit and the remaining
3 dozens at 17% profit. What is his profit percentage
43. An article is sold at 50% profit. If its CP and SP are
in this transaction?
increased by 32 and 12 respectively, the
percentage of profit becomes 10%. Find the cost price. (1) 8% (2) 7% (3) 10%

(1) 58 (2) 60 (3) 68 (4) 14% (5) None of these

(4) 54 (5) None of these 52. A man bought a chair and sold it at a gain of 10%.
If he had bought it at 20% less and sold it for 10
44. Two chairs and three tables cost 1025 and three more, he would have gained 40%. Find the cost price
chairs and two tables cost 1100. What is the of the chair.
difference between the cost of one table and that of
one chair? (1) 500 (2) 600 (3) 550

(1) 75 (2) 35 (3) 125 (4) 650 (5) None of these

53. 20 kg of potato costs as much as 5 kg of tomato, 12
(4) 100 (5) None of these
kg tomato costs as much as 30 kg of onion, 15 kg of
45. A man buys 20 pens and 16 books for 360. He onion costs as much as 18 kg of cabbage. If 10 kg of
sells pens at a profit of 40% and books with a gain cabbage costs 50. What would be the cost of 24 kg
of 25%. If his overall gain is 120, the CP of the of potato?
pen is–
(1) 90 (2) 72 (3) 108
(1) 13 (2) 12 (3) 15
(4) 96 (5) None of these
(4) 10 (5) None of these
54. A reduction of 10% in the price of salt enables a 58. A horse worth 8000 is sold by A to B at 20% loss.
person to buy 2 kg more for 180. Find the reduced B sells the horse back to A at 20% gain. Find the
and the original price per kg of salt respectively. value of loss amount.
(1) 10, 9 (2) 9, 10 (3) 20, 18 (1) 1380 (2) 1480 (3) 1180
(4) 18, 20 (5) None of these (4) 1280 (5) None of these
55. A 25% hike in the price of potato forces a person to 59. A person sells his table at a profit of 25% and the
purchase 2 kg less for 75. Find the original price chair at a loss of 20% but on the whole he gains
of the potato. 18. On the other hand if he sells the table at a loss
(1) 7 (2) 8 (3) 7.5 of 20% and the chair at a profit of 25% then he
neither gains nor loses. Find the cost price of the
(4) 8.5 (5) None of these
table and the chair.
56. Sunil calculates his profit percentage on the selling
price whereas Sujeet calculates his profit on the cost (1) 200, 160 (2) 160, 200
price. They find that the difference of their profits is (3) 250, 180 (4) 210, 170
900. If the selling price of both of them are the (5) None of these
same, and Sunil gets 50% profit and Sujeet gets 40%
profit, then find their selling price. 60. A person sold his watch for 24. If the percentage
of his loss was equal to the cost price, then the watch
(1) 4200 (2) 4500 (3) 4000
would have cost him.
(4) 4800 (5) None of these
(1) 40 (2) 60 (3) 50
57. Two third of a commodity is sold at 30% profit, three
fourth is sold at 16% profit and the remaining at 12% (4) 80 (5) 40 or 60
profit. If a total profit of 100 is earned, then find
the value of the commodity.
(1) 300 (2) 400 (3) 450
(4) 600 (5) None of these

PROFIT AND LOSS

1. (1) 2. (2) 3. (3) 4. (4) 5. (4) 6. (4) 7. (3) 8. (1) 9. (4) 10. (5)
11. (3) 12. (5) 13. (3) 14. (1) 15. (1) 16. (5) 17. (5) 18. (4) 19. (1) 20. (1)
21. (3) 22. (4) 23. (3) 24. (2) 25. (1) 26. (4) 27. (2) 28. (4) 29. (1) 30. (1)
31. (3) 32. (2) 33. (2) 34. (5) 35. (2) 36. (1) 37. (5) 38. (5) 39. (2) 40. (2)
41. (1) 42. (1) 43. (1) 44. (1) 45. (2) 46. (4) 47. (1) 48. (5) 49. (5) 50. (2)
51. (3) 52. (1) 53. (1) 54. (2) 55. (3) 56. (1) 57. (2) 58. (5) 59. (2) 60. (5)