Profit and Loss

1. I have a hen named Hourlyegg which lays an egg

according to the grandfathers clock in the house. It does
so each time the two hands of the grandfathers clock are
coincident. I can sell each egg for Rs.1.50. How much do I
earn in a day?
a) 36
b) 33
c) 30
d) 24
e) None of these
2. By selling 6 dozen oranges, a person is losing selling price
of 1 dozen oranges. Find his loss percentage?
a)14.2%. b) 14.4%. c) 16.66%.
d)15.7%. e) None of
these
3. Mr Alphonso buys 2 lots of mangoes. The first lot costs
him Rs. 30 per dozen and the second lot Rs. 50 per dozen.
He sold all the mangoes at Rs. 40 per dozen. Find his
profit or loss percentage if he spent the same amount of
money on each of the lots?
a)6.66% loss
b)6.66% profit c)7.22% profit d)8.21%
loss
e)None of these
4. Two horses were sold for Rs. 12,000 each, one at a loss of
20% and the other at a gain of 20%. The entire transaction
resulted in ?
a)1000 loss
b) 1000 gain
c)No gain no loss
d)2000 profit
e)None of these
5. In order to increase net sales, the selling price of a
product was decreased by 20%. The net sales increased
by 28%. What is the increase in units sold?
a) 48%. b) 50%.
c) 60%.
d) 75%
e) None of
these
6. A shopkeeper sold two items at the same selling price. He
made a loss on one item and made a profit on the other.
The profit and loss percentage on the two items is 10 %

and 20 %, not necessarily in that order. Find the net profit

percentage for the shopkeeper given that he made a
profit in the entire transaction.
a)2.86%. b) 2.76%. c) 3.86%. d)3.955. e) None of these
7. A reduction of 21% in the price of wheat enables a person
to buy 10.5 kg more for Rs. 100. What is the reduced price
per kg?
a)Rs2.30 b)Rs2
c)Rs2.75 d)Rs2.85 e)None of these
8. Rehman buys few apples at 15 for a rupee and the same
number of apples at 20 a rupee. He mixes the two lots and
sells them at 35 for 2 rupees. What is his gain or loss
percentage?
a) 2.04%loss
b) 3.02% profit c) 4.03% loss
d)
5.02%loss
e) None of these
9. A dishonest dealer claims to sell a product at its cost
price. He uses a counterfeit weight which is 20% less than
the real weight. Further greed overtook him and he added
20% impurities to the product. Find the net profit
percentage of the dealer?
a) 44%. b) 50%. c) 55%.
d) 60%. e) None of these
10. selling price of 20 apples is equal to cost price of 15
apples .what is the profit or loss percent?
a) 25% loss b) 25% profit
c)33.33%loss
d)33.33% profit e)none