PROFIT AND LOSS

TYPE 1
1. An article was bought for Rs. 6. Alfred buys an old scooter for
2000 and sold for Rs. 2200. Find Rs. 4700 and spends Rs. 800 on
the gain or loss. its repairs. If he sells the scooter
for Rs. 5800, his gain percent is:
A. 200 profit
A. 4 4/7% B. 5 5/11% C. 10% D.
B. 200 loss
12%
C. 100 loss
7. A retailer buys a radio for Rs.
D. 100 profit 225 overhead expenses are Rs.
15. He sold the radio for Rs.
2. Dhruv buys an article for ₹500
300. The profit per cent of the
and sells it for ₹750. Find the
retailer is:
profit got by Amit.
A. 25 B. 26 2/3 C. 20 D. 33 1/3
A. ₹100 B. ₹150 C. ₹200 D. ₹250
8. There would be 10% loss, if rice
3. Cost price of a heater is 800. In
is sold at Rs.54 per kg. At what
what amount must a person sell
price per kg should it be sold to
it to get a profit of 20%?
earn a profit of 20%?
A. ₹1000 B. ₹1050 C. ₹900 D.
A. Rs. 65 B. Rs. 70 C. Rs. 63 D.
₹960
Rs. 72
4. A person sells an article for
9. By selling a computer for Rs
₹12750 at a loss of 15%. Find
14400, a girl losses 10%. At
the cost price of that article.
what price must she sell it to get
A. ₹18000 B. ₹14000 C. ₹15000 D. a profit of 15%?
₹16000
A. Rs 18400
5. A mobile phone is sold for Rs.
B. Rs 16500
5060 at a gain of 10%. What
would have been the gain or C. Rs 15800
loss per cent if it had been sold
D. Rs 17600
for Rs. 4370?
10. By selling an article for Rs
A. 85%
4080, a person get a profit of
B. 80% 6.25%. What will be his loss per
cent, if he sells the article for Rs
C. 95%
3072?
D. 90%
A. 10%
B. 12% 15. A person estimates his loss
as 20% of the selling price. What
C. 18%
is his actual loss per cent?
D. 20%
A. 25/3%
11.If the ratio of cost price and
B. 16 2/3%
selling price of an article be 5:4,
find the loss per cent. C. 21 1/3%
A. 20% D. 10 2/3%
B. 25% 16. If selling price is doubled, the
profit triples. Find the profit
C. 10%
percent.
D. None of these
A. 66 2/3
12. For an item, if CP : SP =
B. 100
10:11, find the profit per cent.
C. 105 1/3
A. 10%
D. 120
B. 1%
17. The amount of profit earned
C. 20%
by selling an article for Rs 524 is
D. 11% equal to the amount of loss
suffered by selling it for Rs 452.
13. The cost price of 40 articles
Find the CP of the article.
is equal to the selling price of 25
articles. Find the gain percent. A. Rs. 480
A. 65% B. Rs. 478
B. 60% C. Rs. 484
C. 65% D. Rs. 488
D. 75% 18. If the profit on selling an
article for Rs. 425 is the same as
14. A man buys a cycle for $1400
the loss on selling it for Rs. 355,
and sells it at a loss of 15%.
then the cost price of the article
What is the selling price of the
is:
cycle?
A. Rs. 410
A. $1202
B. Rs. 380
B. $1190
C. Rs. 400
C. $1160
D. Rs. 390
D. $1000
19. On selling 17 balls at Rs. D. 16%
720, there is a loss equal to the
25. A man sold 20 apples for Rs.
cost price of 5 balls. The cost
1000 and gained 20%. How
price of a ball is:
many apples did he buy for Rs.
A. Rs. 45 B. Rs. 50 C. Rs. 55 D. 1000?
Rs. 60
A. 20 B. 22 C. 24 D. 25
20. By selling 66 metres of cloth,
26. By selling 12 oranges for Rs
a person gains equal to the
60, a man loses 25%. The
selling price of 22 metres. Find
number of oranges he has to sell
his gain %.
for Rs 100 so as to gain 25% is:
A. 20% B. 25% C. 50% D. 55%
A. 10
21. A vendor bought toffees at 6
B. 11
for a rupee. How many for a
rupee must he sell to gain 20%? C. 12
A. 3 B. 4 C. 5 D. 6 D. 15
22. Some articles were bought at
6 articles for Rs. 5 and sold at 5
Answers
articles for Rs. 6. Gain percent
is: 1. 2. 3. 4. 5. 6. 7.
A D D C A B D
A. 30% B. 33 1/3% C. 35% D. 44% 8. 9. 10. 11. 12. 13. 14.
23. A seller bought bananas at D A D A A B B
the rate of 6 for Rs. 15 and sold 15. 16. 17. 18. 19. 20. 21.
them at the rate of 4 for Rs. 12. B B D D D C C
What is his profit percentage? 22. 23. 24. 25. 26.
D D A C C
A. 21%
B. 16% TYPE 2
C. 24% 1. The selling price of two articles
is Rs. 200. If one is sold at a
D. 20%
profit of 10% and another is sold
24. Vivek bought some items at at a loss of 10%, then find the
the rate of 11 for Rs. 10 and sold overall profit or loss in deal.
them for Rs. 11 for 10. What is
A. 1% profit
the profit percentage.
B. 1% loss
A. 21%
C. 2% profit
B. 25%
D. 2% loss
C. 15%
2. A farmer sold two cows for Rs. 4% on the other. His gain/loss
12000 each. In the sale of the percent in the whole transaction
first cow, he incurred 20% profit is:
and in the sale of the second, he
A. Gain, 2%
incurred 20% loss. What is the
gain or loss percentage in total? B. Loss, 1%
A. 6% gain B. 6% loss C. 4% gain C. Gain, 1%
D. 4% loss
D. Loss, 1.2%
3. Gurpreet sells two watches for
7. Two toys are sold at Rs. 504
Rs.1955 each, gaining 15% on
each. One toy brings the dealer
one and losing 15% on the
a gain of 12% and the other at a
other. Find her gain or loss
loss of 4%. The gain or loss
percent in the whole transaction.
percent by selling both articles.
A. 5.16% gain
A. 3(5/13)% profit
B. 8.11% loss
B. 3(5/13)% loss
C. 2.50% loss
C. 7(5/13)% profit D. 5(3/15)% profit
D. 2.25% loss
8. Two articles are sold for Rs 2500
4. Two articles were sold at Rs. is there is 20% profit on one item
480 each. On one, he gains 20% and 25% loss on the other. What
and on the other, he loses 20%. is the profit or loss percentage in
How much does he gain or lose the whole deal?
in the whole transaction?
A. 5% gain
A. 2% loss
B. 8% loss
B. 4% loss
C. 7 9/11% loss
C. 4% gain
D. 9 7/11% gain
D. 2% gain
9. Two horses were purchased in
5. Abhay sells a motor bike to 2000. One was sold at 15%
Subhash at a profit of 15% and profit and the other was sold at
Subhash sells it to Dinesh at a 15% loss. What is the total profit
loss of 5%. Calculate overall or loss percentage in the entire
profit or loss per cent in this deal?
transaction.
A. 15% loss
A. 9.25% B. 10% C. 11.25% D. 9%
B. 2.25% loss
6. Ravi purchased two articles for
C. 15% profit
Rs. 1,500 each. He sold then
gaining 6% on one and losing D. No profit no loss
10. Abhi bought two watches for A. 625 B. 600 C. 620 D. 650
11750. One was sold at 25%
14. A man purchased a table and
profit and the other was sold at
a chair for Rs 2000. He sold the
25% loss. What is the total profit
table at a profit of 20% and the
or loss percentage in the entire
chair at a profit of 30%. His total
transaction?
profit was 23%. Find the cost
A. 10% loss price of the table.
B. No profit no loss A. 1400 B. 600 C. 1200 D. 800
C. 12% profit 15. A man buys a table and a
chair for Rs.500. He sells the
D. 8% loss
table at a loss of 10% and the
11.A man purchases two fans for chair at a gain of 10%. He still
Rs. 2160. By selling one fan at a gains Rs. 10 on the whole. The
profit of 15% and the other at a cost price of chair in rupees is:
loss of 9% he neither gains nor
A. 200 B. 250 C. 300 D. 350
losses in the whole transaction.
Find the cost price of each fan. 16. Two electronic musical
instruments were purchased for
A. 810, 1250
Rs.8000. The first was sold at a
B. 910, 1350 profit of 40% and the second at
a loss of 40%. If the sale price
C. 810, 1350
was the same in both the cases,
D. 1000, 1200 what was the cost price of the
electronic musical instruments?
12. There are two watches of
cost Rs. 800. One is sold at a A. Rs. 2000, Rs. 5000
profit of 16% and the other at a
B. Rs. 2200, Rs. 5500
loss of 8%. If there is no loss or
no gain in the whole transaction, C. Rs. 2400, Rs. 5000
the cost price of the watch on
D. Rs. 2400, Rs. 5600
which the shopkeeper gains is?
Answer
A. 320 B. 480 C. 450 D. 380
1. 2. 3. 4. 5. 6. 7.
13. A merchant buys two items
B D D B A C A
for Rs 7500. He sells one item at
8. 9. 10. 11. 12. 13. 14.
a profit of 16% and the other C D B C B C A
item at 14% loss. In the deal he 15. 16.
makes neither any profit nor any C D
loss. What is the difference
between the selling price of both
TYPE 3
the items ? (in Rs)
1. Profit obtained on selling an 5. An article is sold at a gain of
article for Rs. 540 is equal to the 15%. Had it been sold for Rs. 27
loss incurred on selling the more, the profit would have been
article for Rs. 370. If selling price 20%. The cost price of the article
is Rs. 910, then what is the profit is?
percentage?
A. Rs. 500
A. 16 2/3
B. Rs. 700
B. 33 1/3
C. Rs. 540
C. 50
D. Rs. 545
D. 100
6. An table is sold at a loss of 10%.
2. If 5% more is gained by selling Had it been sold for Rs 90 more,
an article for Rs.350 than by there would have been a gain of
selling it for Rs.340, what is the 5%. The original sale price of the
cost of the article? table is:
A. Rs. 50 B. Rs. 160 C. Rs. 200 D. A. Rs. 500
Rs. 225
B. Rs. 520
3. 6% more is gained by selling a
C. Rs. 540
coat for Rs.1425 than by selling
it for Rs.1353. The cost price of D. Rs. 580
the coat is?
7. When an article is sold at a gain
A. Rs. 1000 of 20%, it yields Rs 60 more
than when it is sold at a loss of
B. Rs. 1250
20%. The cost price of the article
C. Rs. 1500 is:
D. Rs. 1200 A. Rs 200 B. Rs 150 C. Rs 140 D.
Rs 120
4. An article was sold at 16% gain.
Had it been sold for Rs.200 8. A tradesman sold an article at a
more, the gain would have been loss of 20%. If the selling price
20%. Then the cost price of the had been increased by 100
article is: rupees, there would have been a
gain of 5%. What was the cost
A. Rs 5000
price of the article?
B. Rs. 5200
A. Rs. 350
C. Rs. 4800
B. Rs. 430
D. Rs. 4500
C. Rs. 400
D. Rs. 600
9. A trader sold an article at a gain 20% less and sold it for 10.50
of 20%. Had he purchased it for less, he would have gained
40% more and sold for Rs. 24 30%. find the cost price of the
less, then he would have article.
incurred a loss of 20%. What is
A. Rs. 25
the cost price (in Rs.) of the
article? B. Rs. 50
A. 150 B. 300 C. 450 D. 600 C. Rs. 75
10. Raghav sells a watch at a D. Rs. 100
gain of 15%. If he had bought it
14. A man sells an article at 5%
at 10% less and sold it for Rs.4
above its cost price. If he had
less, he would have gained
bought it at 5% less than what
25%. The C.P. of the watch is?
he paid for it and sold it for Rs. 2
A. Rs. 140 less, he would have gained
10%. Find the cost price of the
B. Rs. 150
article.
C. Rs. 160
A. Rs. 300
D. Rs. 185
B. Rs. 400
11.A man sells an article at a gain
C. Rs. 600
of 10%. If he had bought it at
10% less and sold it for Rs. 132 D. Rs. 450.5
less, he would have still gained
15. A businessman bought an
10%. What is the cost price of
article and sold it at a loss of
the article?
5%. If he had bought it for 10%
A. Rs. 1700 less and sold it for Rs. 33 more,
he would have had a profit of
B. Rs. 1500
30%. The cost price of the article
C. Rs. 1100 is?
D. Rs. 1200 A. Rs. 330
12. Rakhi sells an table at a profit B. Rs. 155
of 25%. If she had bought it at
C. Rs. 150
10% less and sold it for Rs. 7
less. He would have gained D. Rs. 300
35%. Find the cost price of the
16. A man sold a bicycle at 5
table.
percent profit if the cost had
A. 200 B. 250 C. 500 D. 700 been 30 percent less and Rs 63
less he would have made a
13. A man sells an article at a
profit of 25% if he had bought it
 profit of 30% what is the CP of 4. Find the single discount
the article. equivalent to successive
discounts of 25% and 20%.
A. 330 B. 440 C. 450 D. 350
A. 43.5 B. 42.5 C. 41 D. 40
17. An article was sold at a profit
of 12%. If the cost price would 5. The marked price of an article
be 10% less and selling price was Rs. 800. It was sold for Rs
would be Rs. 5.75 more, there 680. Find the rate of discount.
would be a profit of 30% then at
A. 12%
what price should it be sold to
make a profit of 20%? B. 8%
A. Rs. 115 C. 10%
B. Rs. 120 D. 15%
C. Rs. 138 6. The price of a sweater was
slashed from Rs. 960 to Rs.816
D. Rs. 215
by a shopkeeper in the winter
Answer season. Find the rate of discount
given by him.
1. 2. 3. 4. 5. 6. 7.
D C D A C C A A. 10% B. 15% C. 5% D. 33 1/3%
8. 9. 10. 11. 12. 13. 14.
C B C D A B B 7. After allowing a discount of 8%
15. 16. 17. on a toy, it is sold for Rs. 216.20.
C C C Find the marked price of the toy.
A. 230 B. 330 C. 235 D. 250
DISCOUNT
8. The list price of TV is Rs. 2300
1. What discount will be equivalent and discount series is found to
to two successive discounts of be 25% and 10%. Then the
20% and 15%? selling price of TV is:
A. 35% B. 32.5% C. 33.5% D. 32% A. Rs. 1255.5
2. Find the equivalent discount of B. Rs. 1525.5
two consecutive discounts of
C. Rs. 1552.5
10% and 15%.
D. Rs. 1555.2
A. 25% B. 23.5% C. 22.5% D. 20%
9. The marked price of a bicycle is
3. The single discount equivalent to
Rs 1000. A shopkeeper allows a
the discount series of 20%, 10%
discount series of two discounts
and 5% is:
of 5% and 10%. What is the
A. 35% B. 31.6% C. 32.6% D. 32% selling price of the bicycle?
A. Rs. 850 amount of Rs. 318.75 for an
article. At what price is the article
B. Rs. 920
listed?
C. Rs. 890
A. Rs. 366.50
D. None of these
B. Rs. 375.00
10. What is the difference
C. Rs. 350.00
between a discount of 25% to
that of two successive discount D. Rs. 431.25
of 20% and 10%, applied to a bill
14. The market price of a water
of Rs. 50000?
cooler is Rs 4650. The
A. Rs. 2250 shopkeeper offers an off-season
discount of 18% on it. Find its
B. Rs. 1000
selling price (in Rs).
C. Rs. 1500
A. 3813
D. Rs. 1800
B. 3823
11.The difference between a
C. 3873
discount of 25% and two
successive discounts of 15% D. 4013
and 10% on a certain bill was
15. On selling a cooler, a
Rs. 25. Find the amount of the
shopkeeper allows a discount of
bill.
10% and gets a profit of 10%. If
A. Rs. 3,333.33 marked price of the cooler be Rs
1100, find it's cost price.
B. Rs. 2,500
A. Rs. 900
C. Rs. 833.33
B. Rs. 1000
D. Rs. 1,666.67
C. Rs. 1050
12. The marked price of an
article is Rs 450. Find the selling D. Rs. 980
price of the article if a discount
16. A discount of 10% is given on
of 14% is given.
the marked price of an article. If
A. Rs 381 its marked price be 30% more
than its cost price, find the profit
B. Rs 375
per cent.
C. Rs 389
A. 17% B. 12% C. 15% D. 19%
D. Rs. 387
17. A fan is listed at Rs 150 with
13. A dealer allows a discount of a discount of 20%. What
15%. A customer pays an additional discount must be
 offered to the customer to bring for it. If the customer got a series
the net price to Rs 108. of two discounts and the rate of
first discount is 15% then the
A. 11 1/9% B. 8% C. 4% D. 10%
rate of second discount was:
18. If a shopkeeper marks the
A. 15% B. 7% C. 9% D. 8%
price of goods 50% more than
their cost price and allows a 23. The marked price of a watch
discount of 40%, what is his gain is Rs 1000. A retailer buys it at
or loss percent? Rs 810 after getting two
successive discounts of 10%
A. Gain of 10%
and another rate which is
B. Loss of 10% illegible. What is the second
discount rate?
C. Gain of 20%
A. 15% B. 10% C. 8% D. 6.50%
D. Loss of 20%
24. Two shopkeepers announce
19. A trader marked the selling
the same price of Rs. 700 for a
price of an article at 10% above
sewing machine. The first offers
the cost price. At the time of
successive discounts of 30%
selling, he allows certain
and 6% while the second offers
discount and suffers a loss of
successive discounts of 20%
1%. He allowed the discount of:
and 16%. The difference in their
A. 11% B. 10% C. 9% D. 10.5% selling price is:
20. A trader marks the sale price A. Rs. 9.8
25% more on cost price and
B. Rs. 16.8
gives a 10% discount at the time
of selling. The gain % is: C. Rs. 22.4
A. 12 1/2% D. Rs. 36.4
B. 12 1/3% 25. A tradesman is marketing his
goods 20% above the cost price
C. 11 1/2%
of the goods. He gives 10%
D. 12% discount on cash payment, find
his gain percent.
21. A tradesman allows a
discount of 15% on the marked A. 12% B. 8% C. 15% D. 18%
price. How much above the cost
price must he mark his goods as
to gain 19%? Answer
A. 34% B. 40% C. 25% D. 30% 1. 2. 3. 4. 5. 6. 7.
D B B D D B C
22. A dinner set is quoted for Rs.
8. 9. 10 11 12 13 14
1500. A customer pays Rs. 1173
 C D .C .D .D .B .A false weight of 950 g for one kg
15 16 17 18 19 20 21 weight. Find his gain per cent.
.A .A .D .B .C .A .B
22 23 24 25 A. 5 5/19%
.D .B .A .B B. 5 9/19%
C. 5 11/19%
D. 5 7/19%
DISHONEST SHOPKEEPER
6. A retailer profess to sell his
1. A dishonest shopkeeper claims goods at the cost price. If using
to sell his goods at cost price but a false weight, he still gains
uses a weight of 800 gm in place 25%, find the weight he uses in
of the standard 1 kg weight. place of 1 kg.
What is his gain percent?
A. 200g
A. 25% B. 20% C. 15% D. None of
the above B. 600g

2. A dishonest shopkeeper sells C. 700g

goods at its cost price but uses a D. 800g
weight of 960gm for one kg
weight. Find his gain percent. 7. A retailer profess to sell his
goods at the cost price. If using
A. 5(1/6)% B. 7(5/6)% C. 4(1/6)% a false weight, he still gains
D. 8(5/6)% 4(1/6)%, find the approx. weight
he uses in place of 1 kg.
3. A dishonest shopkeeper sells
goods at its cost price but uses a A. 900g B. 920g C. 960g D. 800g
weight of 920gm for one kg 8. A man sells rice at 8% profit and
weight. Find his gain percent uses weight 25% less than the
(round up to two decimal actual measure. What is his
places). percentage profit?
A. 7.90% B. 8.70% C. 8.50% D. A. 44% B. 41% C. 23% D. 36%
7.80%
9. A dishonest grocer sells 1 kg of
4. A dishonest dealer professes to rice at a profit of 10% and also
sell his good at C.P, but uses a uses weights which are 20%
weight of 900 grams for the kg less than the marked weight.
weight. Find his gain percent. The total gain earned by him will
A. 9 1/11% B. 11 1/9% C. 40% D. be:
10% A. 35%
5. A dishonest trader claim to sell B. 25%
his goods at cost price but uses
C. 30% 14. A grocer claims that he is
selling sugar at Rs. 48/Kg, which
D. 10%
costs him Rs. 50/kg but he is
10. A dishonest shopkeeper, at giving 900g instead of 1000 g.
the time of selling and What will be the approximate
purchasing, weighs 10% less percentage profit?
and 20% more per kilogram
A. 7.5% B. 5.5% C. 8.5% D. 6.7%
respectively. Find the
percentage profit earned by 15. A dishonest shopkeeper sells
treachery. (Assuming he sells at mangoes at Rs. 30/Kg bought at
Cost Price) Rs. 20/kg and he is giving 800g
instead of 1 Kg. The
A. 30% B. 20% C. 25% D. 33.33%
shopkeeper's actual profit
11.A dishonest dealer sells his percentage is:
goods at 10% loss on cost price
A. 75% B. 37.5%
and uses 30% less weight. What
is his profit or loss per cent? C. 50% D. 87.5%
A. 28 4/7% loss B. 28 3/7% gain Answer
C. 28 3/7% loss D. 28 4/7% gain 1. 2. 3. 4. 5. 6. 7.
A C B B A D C
12. A cloth merchant says that
8. 9. 10. 11. 12. 13. 14.
due to slump in the market, he A A D D A D D
sells the cloth at 10% loss but he 15.
uses a false meter scale and D
actually gains 15%. Find the
actual length of the scale.
A. 78.25 cm B. 75cm
C. 85cm D. 72.25cm
13. A dishonest shopkeeper sells
millet at Rs. 20 per kg which he
has bought at Rs. 16 per kg and
he is giving 800 gm instead of
1000 gm. Find his actual profit
percentage.
A. 52.12%
B. 58.36%
C. 54.25%
D. 56.25%