PROFIT & LOSS

1. By selling an article for Rs. 560 a merchant losses 30%. At what price should he sell it to gain 20%
(a) Rs. 900
(b) Rs. 950
(c) Rs.960
(d) Rs. 980

ANSWER: C

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2. A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18%. The wholesale dealer sells the same to
a retailer at a profit of 20%. The retailer in turns sells them to a customer for Rs. 30.09 there by earning a profit of
25%. The cost price for the manufacturer is :
(a) Rs. 15
(b) Rs. 16
(c) Rs. 17
(d) Rs. 18

ANSWER: C

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3. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the
same article for Rs. 1280. At what price should the article be sold to make 25% profit.
(a) Rs. 2000
(b) Rs. 2200
(c) Rs. 2400
(d) Rs. 2500

ANSWER: A

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4. A shopkeeper sold an article at profit of 10%. Had he bought it at 10% less and sold it for Rs. 3 more, then he would
have earned a profit of 25%. Find the cost price of the article?
(a) Rs. 100
(b) Rs. 120
(c) Rs. 150
(d) Rs. 160

ANSWER: B

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5. Nikita bought 30 kg wheat at the rate of Rs. 8.9 per kg and 40 kg at the rate of Rs. 9.9 per kg and sold whole stock at
the rate of Rs. 9.5 per kg. Find profit or loss (in Rs.)
(a) Rs. 1
(b) Rs. 2
(c) Rs. 3
(d) Rs. 4

ANSWER: B

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