Profit and Loss Exercise Problems

1.    An uneducated retailer marks all his goods at 50% above the cost price and thinking that he will still make 25% profit, offers a discount of 25% on the marked price. What is his actual profit on the sales?
A. 12.50 %
B. 13.50 %
C. 14 %
D. 14.50 %
Explanation:

2.    A retailer buys 40 pens at the marked price of 35 pens from a wholesaler. If he sells these pens giving a discount of 1%, what is the profit percent?
A. 12 %
B. 10 %
C. 15 %
D. 16 %
Explanation:

3.    John bought 15 apples for Rs.10 and sold them at the rate of 12 apples for Rs.12. What is the percentage of profit made by him?
A. 50 %
B. 60 %
C. 65 %
D. 100 %
Explanation:

4.     30% loss on cost price in what percent loss on selling price?
A. 28.44 %
B. 38 %
C. 40.35 %
D. 42.85 %
Explanation:

5.    David purchased a house for Rs.75000 and a site for Rs.15000 respectively, if he sold the house for Rs.83000 and the site for Rs.10000, then find the resultant percentage of gain?
A. 30 %
B. 330/3 %
C. 31/3 %
D. 3.33 %
Explanation:

6. 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.    No profit, no loss   
B.    5%
C.    8%   
D.    10%
Explanation:

7. When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?
A.    Rs. 21,000   
B.    Rs. 22,500
C.    Rs. 25,300   
D.    Rs. 25,800
Explanation:

8. 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
Explanation:

9. A shopkeeper bought an article for Rs 319.60. Approximately, at what price should he sell the article to make 25% profit?.
A. 400 Rs   
B. 500 Rs
C. 450 Rs   
D. 600 Rs
Explanation:

10. Two mixers and one T.V. cost Rs. 7000, while two T.V.s and a mixer cost Rs, 9800. The value of one T.V. is:
A. Rs. 2800   
B. Rs. 4200
C. Rs. 2100   
D. Rs. 8400
Explanation:   

11. A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. He sellis the radio for Rs 300. The profit percent of the retailer is:
A. 10%   
B. 50%
C. 25%   
D. 52%
Explanation:     

12. Raghu bought 4 dozen oranges at Rs 12 per dozen and 2 dozen oranges at Rs 16 per dozen. He soldthem all to earn 20% profit. At what price per dozen did he sell the oranges ?.
A. 14.4   
B. 16.8
C. 16   
D. 19.2
Explanation:

13. A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20% and the cow gain of 20% 1 he entire transaction resulted in
A. no loss or gain   
B. gain of Rs. 1000
C. loss of Rs. 1000   
D. gain of Rs. 2000
Explanation:   

14. Ajay bought 15 kg of dal at the rate of Rs 14.50 per kg and 10 kg at the rate of Rs 13 per kg. He mixed the two and sold the mixture at the rate of Rs 15 per kg. What was his total gain in this transaction ?
A. Rs 1.10   
B. Rs 11
C. Rs 16.50   
D. Rs 27.50
Explanation:    

15. A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400. 
A. 7   
B. 12
C. 8   
D. 60
Explanation:     

16. A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is:
A. 10   
B. 19
C. 12   
D. 22
Explanation:

17. A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is
A. 18%
B. 20%
C. 22%
D. 24%
Explanation:

18. 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. Rs15
B. Rs 20
C. Rs 22
D. Rs 25
Explanation:

19. The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs 3. The ratio of two selling prices is
A. 51:52
B. 52:53
C. 53:54
D. 54:55
Explanation:

20. A dealer professes to sell his goods at cost price and uses an 880gm weight instead of a kg. What is his percentage of gain?
A. 13.13%
B. 13.33%
C. 13.36%
D. 13.63%
Explanation:

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