Profit & Loss

Q1:- A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the whole lot at the rate
of Rs. 6.50 per kg. What will be his gain percent ?
1 1 1
(a) 4 % (b) 6 % (c) 8 % (d) 20 %
6 4 3

Q2:- 100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen.
The percentage of profit or loss is :
2 2
(a) 14 % gain (b) 15 % gain (c) 14 % loss (d) 15 % loss
7 7

Q3:- Jacob bought a scooter for a certain sum of money. He spent 10 % of the cost on repairs
and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a
profit of 20 % ?
(a) Rs. 400 (b) Rs. 440 (c) Rs. 500 (d) Rs. 550

Q4:- When a plot is sold for Rs. 18,700, the owner loses 15 %. At what price must the plot be
sold in order to gain 15 % ?
(a) Rs. 25,800 (b) Rs. 25,300 (c) Rs. 22,500 (d) Rs. 21,000

Q5:- A shopkeeper sells one transistor for Rs. 840 at a gain of 20 % and another for Rs. 960
at a loss of 4 %. His total gain or loss percent is :
15 15 2
(a) 5 % gain (b) 5 % loss (c) 6 % gain (d) None of these
17 17 3

Q6:- The ratio of the cost price and the selling price is 4 : 5. The profit percent is :
(a) 10 % (b) 20 % (c) 25 % (d) 30 %

Q7:- 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) 40 % (b) 100 % (c) 120 % (d) 140 %

Q8:- The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the
same article is sold for Rs. 448. What should be the sale price for making 50 % profit ?
(a) Rs. 920 (b) Rs. 960 (c) Rs. 1060 (d) Rs. 1200

Q9:- If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is:
1 2
(a) 25 % (b) 33 % (c) 50 % (d) 66 %
3 3

Q10:- On an order of 5 dozen boxes of a consumer product, a retailer receives an extra dozen
free. This is equivalent to allowing him a discount of :
1 2
(a) 15 % (b) 16 % (c) 16 % (d) 20 %
6 3
Q11:- A man sold 18 cots for Rs. 16,800, gaining thereby the cost price of 3 cots. The cost
price of a cot is :
(a) Rs. 650 (b) Rs. 700 (c) Rs. 750 (d) Rs. 800

Q12:- 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

Q13:- A man bought some fruits at the rate of 16 for Rs. 24 and sold them at the rate of 8 for
Rs. 18. What is the profit percent ?
(a) 25 % (b) 40 % (c) 50 % (d) 60 %

Q14:- 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

Q15:- 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) 5 % (b) 8 % (c) 10 % (d) None of these

Q16:- A dishonest dealer uses a scale of 90 cm instead of a metre scale and claims to sell at
cost price. His profit is :
(a) 9 % (b) 10 % (c) 12 % (d) None of these

Q17:- A sells a bicycle to B at a profit of 20 %. B sells it to C at a profit of 25 %. If C pays

Q18:- A man buys an article for 10 % less than its value and sells it for 10 % more than its
value. His gain or loss percent is :
(a) No profit, no loss (b) 20 % profit
(c) more than 20 % profit (d) less than 20 % profit

Q19:- The cash difference between the selling prices of an article at a profit of 4 % and 6 %
is Rs. 3. The ratio of the two selling prices is :
(a) 51 : 52 (b) 52 : 53 (c) 51 : 53 (d) 52 : 55

Q20:- 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) Rs. 44 (b) Rs. 33 (c) Rs. 22 (d) Rs. 11