PROFIT AND LOSS

1. A retailer purchased 25 identical toys for a price
of Rs P and sold some of them for Rs P. If he
calculated +his profit as 8%, with selling price as
base instead of cost price then how many did he
sell?
8. An item is marked up by 60%, and then a
discount was offered on that, it was no profit, no
loss finally. Find the discount offered.
(a) 37.5% (b) 60%

A. 24 B. 20 C. 21 D. 23 (c) 40% (d) 30%

2. A sales representative’s commission is 6% on all 9. An article sold at a profit of 20% if both the cost
sales up to Rs. 15000 and 5% on all sales price and selling price were to be Rs.20 less the
exceeding this. He remits Rs. 47350 to his profit would be 10% more. What is the cost price
company after deducting his commission. What of the article?
were the total sales? (a) 72 (b) 40 (c) 60 (d) 52
A. Rs. 49000 B. Rs. 47500 10. A trader says he sells his goods at cost price
C. Rs. 50500 D. Rs. 50000 but he uses a weight of 900gms instead of 1 Kg.
Find his profit percentage.
3. A lady bought two sarees of Rs. 2000 each. She
sold one at a loss of 10% and the other at a profit (a) 10% (b) 11.11%
after offering a discount of 5%. She incurred an (c) 9.09% (d) 0.09%
overall loss of 3.7%. What percentage above the
cost price was the marked price of the second 11. A wire merchant sold 36 meters of wire and
saree? gained selling price of 9 meters. Find his profit
percentage.
A. 4 B. 8 C. 3.2 D. 3.6
(a) 25% (b) 30%
4. A shopkeeper incurs a loss of Rs. 90 if he
marked up the price of an article by 10% and (c) 33.33% (d) 20%
offered x% discount. He gains Rs. 70 on the same
12. A man purchased goods worth Rs.4800. He
article if he exchanges the marked price with
sold one-fourth of the goods at 5% loss. At what
discount percent. Find the value of x?
percent gain should he sell the remainder to gain
A. 50 B. 25 C. 60 D. 40 5% on the whole?

5. An item was sold at Rs.36 for a profit of 20%. (a) 5% (b) 10%
Find the Cost price.
(c) 15% (d) 8.33%
(a) 36 (b) 40 (c) 30 (d) 45
13. A shopkeeper bought 40 apples at Rs.25 per
6. An item was sold at Rs.36 for a loss of 20%. apple. Out of these apples, 8 were rotten. At what
Find the Cost price. rate per apple must he sell the remaining apple to
gain 20% on his investment?
(a) 36 (b) 40 (c) 30 (d) 45
(a) Rs30 (b) Rs.32
7. A salesman calculated his profit on selling price
as 20%. Find the original profit. (c) Rs.36 (d) Rs.37.5%

(a) 20% (b) 10% 14. A dealer purchased a Blue-Ray player for
Rs.8000 and marked some price on it. He allowed
(c) 16.66% (d) 25% a discount of 15% on the marked price and gained
10.5% on it. Find the marked price.

CCC, 101, Level 1, Elemental #337, Financial District, Hyderabad, Telangana 500 032
(a) 9000 (b) 9600

(c) 10400 (d) 10000

15. At what percent above the cost price should an

article be marked so that after allowing a retail
discount of 20% and then a cash discount of
6.25%, the shopkeeper gains 20%?

(a) 30% (b) 40%

(c) 60% (d) 50%

16. A shopkeeper offers children studying in a

school nearby, one pencil free for every seven that
they purchase. What is the effective discount he is
offering?

(a) 14.28% (b) 12.5%

(c) 9% (d) 10%

17. A person sells 36 oranges per rupee and

suffers a loss of 4%. Find how many oranges per
rupee to be sold to have a gain of 8%?

(a) 30 (b) 32 (c) 24 (d) 33

18. If a merchant offers a discount of 30% on the

list price, then she makes a loss of 16%. What %
profit or % loss will she make if she sells at a
discount of 10% of the list price?

(a) -8% (b) +8%

(c)-10% (d) +10%

19. Rakesh calculates his profit % on the selling

price whereas Ramesh calculates his on the cost
price. They find the difference of their profits is
Rs100. If the selling priceof both of them are the
same and both of them 25% profit, find their
selling price.

(a) 2000 (b) 4000

(c) 6000 (d) 9000

20. If the cost price of 18 oranges is the same as

the selling price of 16 oranges, find the gain
percent.

(a) 10% (b) 12.5%

(c) 11.11% (d) 9.09%

CCC, 101, Level 1, Elemental #337, Financial District, Hyderabad, Telangana 500 032