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Profit and Loss Questions Answers

Q1 :

A shopkeeper buys a tin for Rs. 50 and sells it for Rs. 46. Find his loss or gain percent.

A
  

4% gain

B
  

4% loss

C
  

8% gain

D
  

8% loss

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Q2 :

What is the cost of coco when an additional profit of 212%2frac{1}{2}% raises the prices by 9 p. per kg?

A
  

Rs. 3.20

B
  

Rs. 3.60

C
  

Rs. 3.45

D
  

Rs. 3.65

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Q3 :

A man buys an article of Rs. 80 and marks it at Rs. 120. He then allows a discount of 40%. What is the percentage of loss or gain?

A
  

12% loss

B
  

12% gain

C
  

10% loss

D
  

10% gain

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Q4 :

What profit percent is made by selling an article at a certain price, if by selling it at half price there would be a loss at the rate of 1212%12 frac{1}{2}% ?

A
  

50%

B
  

40%

C
  

75%

D
  

29%

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Q5 :

A person sold an article for Rs. 230 and incurred a loss of 8%. In order to earn a profit of 8%, he should sell it for

A
  

Rs. 238

B
  

Rs. 248

C
  

Rs. 254

D
  

Rs. 270

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Q6 :

An article is sold for ₹700, yielding a certain profit. If the same article is sold for ₹500 instead, the seller faces a loss equal to 60% (three-fifths) of the earlier profit. What is the cost price of the article?

A
  

Rs. 575

B
  

Rs. 600

C
  

Rs. 650

D
  

Rs. 625

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Q7 :

A man bought Rs. 5000 stock at 95 and sold it when its price rose to 981298frac{1}{2}. Find his gain:

A
  

Rs. 165

B
  

Rs. 157

C
  

Rs. 175

D
  

Rs. 180

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Q8 :

A retailer buys 20 pens for Rs. 40 and sells it at the rate Rs. 40 for 15 pens. What is the profit margin?

A
  

100%

B
  

50%

C
  

33%

D
  

25%

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Q9 :

Ram started a shop after investing ₹ 30,000. After two months Shyam invested ₹ 45,000 in the shop and became a partner. After the end of year, there was the profit of ₹ 54,000. What was the profit of Ram ?

A
  

₹ 24,000

B
  

₹ 30,000

C
  

₹ 36,000

D
  

None of the Above

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Q10 :

By selling a watch for Rs. 132 a trademan got two successive profits of 10% and 20%, then the resultant profit percentage is

A
  

22%

B
  

30%

C
  

32%

D
  

34%

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Q11 :

Amit Kumar sold two scooters for Rs. 24,000 each. He made a 20% profit on the first scooter and incurred a 15% loss on the second. What is his overall profit or loss percentage in the transaction?

A
  

loss 2041%text{loss } dfrac{20}{41} %

B
  

gain 2041%text{gain } dfrac{20}{41} %

C
  

loss 3273%text{loss } dfrac{32}{73} %

D
  

gain 3273%text{gain } dfrac{32}{73} %

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Q12 :

Ajay purchased two boxes for a total of Rs. 1300. He sold one at a 20% profit and the other at a 12% loss. If both boxes were sold for the same price, what was the cost price of each box?

A
  

Rs. 700 and Rs. 500

B
  

Rs. 750 and Rs. 550

C
  

Rs. 800 and Rs. 600

D
  

None of these

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Q13 :

A dishonest dealer sell his goods at cost price, but he uses a weight of 960 gm for the kg weight, then the percentage of gain is

A
  

213%2frac{1}{3}%

B
  

416%4frac{1}{6}%

C
  

619%6frac{1}{9}%

D
  

312%3frac{1}{2}%

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Q14 :

A dealer marks his goods 20% above the cost price and offers a 10% discount. What is his profit percentage?

A
  

2%

B
  

4%

C
  

6%

D
  

8%

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Q15 :

A single discount which is equivalent to two successive discounts of 20% and 5% is

A
  

20%

B
  

22%

C
  

24%

D
  

25%

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