ONLINE SESSION 3

PROFIT & LOSS

1. A fruit seller purchases of a dozen apples for Rs 240 and sells it for Rs 360 per score.
Find his profit or loss percentage?
a) 10% b) 9.09% c) 12% d) None of these

2. A trader sells an article such that the cost price of 10 articles is equal to selling price of
12 articles. What is the profit or loss percent?
a) Loss 20% b) Profit 20% c) Loss 16.67% d) Profit 16.67%

3. On selling 20 kgs of rice a person made profit equivalent to 5 kgs of selling price of rice.
Find his profit percentage?
a) 33.33% b) 25% c) 50% d) 40%

4. On selling an article at a certain price a trader makes a profit of 50%. What is the new
profit/loss percent, if the cost price increases by 25% and selling price decreases by
20%?
a) Profit 4% b) Loss 4% c) No Profit No Loss d) None of these

5. A shopkeeper buys 5 biscuits for a rupee. How many biscuits he has to sell for 240
paise so as to make profit of 20% on the transaction?
a) 5 b) 4 c) 6 d) 10

6. A dishonest shopkeeper professes to sell at cost price but only weighs 750 grams
instead of 1000 grams. What is the profit percent made by the shopkeeper?
a) 25% b) 33.33% c) 50% d) 40%

7. A dishonest shopkeeper professes to sell at cost price but weighs 800 grams instead of
1000 grams. He also marks up his goods by 20%. Find his profit %?
a) 40% b) 44% c) 50% d) 33.33%

8. Rohit buys a bike at a price of $1500 and sells it to Virat at a profit of 25% who in turn
sold it to Dhoni at a loss of 20%. What is the cost price of Dhoni?
a) $1500 b) $ 1375 c) $ 2250 d) $ 1200

9. 8 articles are bought for Rs 10 and 10 articles are sold at for Rs 8, what is the
profit/loss percent on the transaction?
a) 36% loss b) 56.25% loss c) 20% loss d) 20% profit

10. A trader sells two televisions at the same price, one at a profit of 5% and other at a loss
of 5%. What is the overall profit/loss percent on the entire transaction?
a) 0.25% profit b) 2.5% profit c) 2.5% loss d) 0.25% loss
11. A shopkeeper sells an article to make a profit of 25%. If the article gets cheaper by 20%
and selling price decreases by Rs 20 then profit is 50%. What is the original cost price
of the article?
a) Rs 400 b) Rs 200 c) Rs 600 d) Rs 300

12. If an article is sold at 10% gain instead of 8% loss, the seller earns Rs 90 more. What is
the cost price of the article?
a) Rs 600 b) Rs 750 c) Rs 500 d) Rs 450

13. An article A is priced at 8 for Rs 12 and article B is priced at 12 for Rs 8. Adarsh buys
an equal quantity of both the articles and then makes packets of a pair of A and B. If he
sells these packets at a rate of 6 packets for Rs 13, then what is his approximate profit
percentage?
a) 10% b) 9.09% c) 8.33% d) 0%

14. A person earns 5% on an investment and loses 25% on the other investment. If the ratio
of two investments is 5 : 1, then what is the overall profit percent?
a) No profit no loss b) 15% loss c) 5% profit d) 10% loss

15. The profit made by selling an article for Rs 1000 is triple the loss incurred when the
same article is sold at Rs 400. What should be the selling price of the article to make a
profit of 30%?
a) Rs 715 b) Rs 550 c) Rs 880 d) Rs 675

16. A shopkeeper while selling oranges incurs a loss of 5% on one fourth of the lot and a
loss of 10% on next one fourth of the lot too. How much higher should he sell the
remaining goods to get an overall profit of 10%?
a) 37.5% b) 27.5% c) 25% d) 15%

17. One fifth of a box of chocolate was sold at profit of 10% and remaining at a loss of 1%. If
the overall profit is Rs 75. Then what is the original price of the box of chocolate?
a) Rs 12500 b) Rs 6250 c) Rs 7500 d) None of these

18. What is the equivalent discount of the scheme “successive discount of 50% and 30%”?
a) 80% b) 75% c) 95% d) 65%

19. The scheme “Buy 5 get 2 free” is equivalent to a discount percentage of

a) 40% b) 33.33% c) 25% d) 28.57%

20. After getting two successive discounts on marked price of Rs 150, a shirt is sold for Rs
105. If the second discount was 12.5%, then the first discount was?
a) 32.5% b) 30% c) 25% d) 20%

21. If the trader offers 20% discount of marked price of an article and still makes a profit of
20% then what is the mark up percentage?
a) 33.33% b) 50% c) 40% d) 66.66%
22. A merchant marks his goods 50% above cost price. What is the maximum discount he
can offer so as he does not make profit or loss?
a) 33.33% b) 16.66% c) 50% d) None of these

23. Cost price of the 10 articles is equal to the selling price of the 8 articles. How much
discount trader can offer on the original selling price such that only makes half the
profit he was originally making?
a) 25% b) 20% c) 12.5% d) 10%

24. A trader by mistake calculates profit on selling price and states his profit percent as
50%. He then offers a discount of 25% on the selling price, what is the new profit/loss
percent he will make on the deal?
a) 25% b) 75% c) 50% d) 100%

25. A man sold two articles for Rs 480 each; on one transaction he gains 20% while on the
other transaction he loses 20%. What is the overall profit/loss?
a) Rs 33.33 b) Rs 40 c) Rs 38.4 d) Rs 43.33