Profit and Loss Test

QUESTION:

A person bought an article for Rs250.For how much should he sell it so as to gain 10%?

(A) Rs275

(B) Rs280

(C) Rs300

(D) None of these

QUESTION:

If by selling an article for Rs390 a shopkeeper gains 20%, find his cost price.

(A) Rs325

(B) Rs350

(C) Rs400

(D) None of these

QUESTION:

A machine is sold for Rs5060 at a gain of 10%.What would have been the gain or loss percent if it had been sold for Rs4370?

(A)

QUESTION:

I sold a book at a profit of 12%. Had I sold it for Rs18 more,18% profit would have been gained. Find the cost price.

QUESTION:

A person sells an article at a profit of 10%. If he had bought it at 10% less and sold it for Rs3 more, he would have gained 25%.Find the cost price.

QUESTION:

A person purchased a certain number of articles at 11 for Rs10 and sold them at 10 for Rs11. Find his profit or loss%.

QUESTION:

A person purchased a certain number of articles at 4 for a rupee and the same number of article for 5 for a rupee. He mixed them together and sold them at 4 for a rupee. Find his profit or loss%.

QUESTION:

A dishonest dealer professes to sell his goods at the cost price, but uses a false weight of 800gms for a kg weight. Find his profit%.

QUESTION:

A dishonest dealer professes to sell his goods at 10% less on cost price but uses a false weight of 800gms for a kg weight. Find his profit or loss%.

QUESTION:

A dishonest dealer professes to sell his goods at 25% above on cost price but uses a false weight of 1200gms for a kg weight. Find his profit or loss%.

QUESTION:

A person sold an article for Rs144 and got a profit percentage equal to the cost price. Find the cost price.

QUESTION:

A dealer sold an article at a loss of 2.5%. Had he sold it for Rs100 more, he would have gained 7.5%? For what value should he sell it in order to gain 12.5%?

QUESTION:

The cost price of 20 articles is equal to the selling price of 15 articles. Find the profit or loss percent.

QUESTION:

By selling 80metres of cloth a merchant gets the profit of the selling price of 20metres of cloth. Find his profit%.

QUESTION:

A whole seller sells 30 pens for the price of 27 pens to a retailer. The retailer sells the pens at the marked price. Find the percent of profit of the retailer.

QUESTION:

If goods are purchased for Rs840 and one-fourth is sold at a loss of 20%, at what gain percent should the remainder be sold so as to gain 20% on the whole transaction?

QUESTION:

2/3 of a consignment was sold at 6% profit and the rest at a loss of 3%. If there was an overall profit of Rs540, find the value of the consignment.

QUESTION:

A reduction of 10% in the price of sugar enables a person to obtain 25kg more for Rs5000. What is the reduction price per kg? Find also the original price per kg.

QUESTION:

A tradesman marks his goods at 25% above his cost price and allows purchasers a discount of 12.5% for cash payment. What profit % does he make?

QUESTION:

A trader allows a discount of 5% for cash payment. How much % above the cost price must he marks his goods to make a profit of 10%?

QUESTION:

A man buys two horses for Rs1350. He sells one so as to lose 6% and the other so as to gain 7.5%. On the whole he neither gains nor loses. What does each horse cost?

QUESTION:

If a person sells two watches for Rs1000 each, gaining 15% on one and losing 15% on the other, find his total gain or loss.

QUESTION:

A hawker sells oranges at a profit of 25 per cent. If he increases the selling price of each orange by 30 paisa, he earns a profit of 40%. Find the cost price and the initial selling price of each orange.

A.Rs2.00, Rs3.00

B.Rs2.00, Rs2.50

C.Rs2.00, Rs4.00

D.Rs2.50, Rs3.00

Solution

Let cost price = 100/-

Profit of 25% = Rs.125

After increasing the S.P of each orange, he earns a profit of 40%

So, profit = 140 /-

Initially profit is Rs.125/-

Different between the profits = 15

For 15 = 30 times

For 1 = 2 times

So initial S.P = Rs.125 * 2 = Rs.250

And C.P = Rs.100 * 2 = Rs.200

QUESTION:

A person bought two watches for Rs.480. He sold one at a loss of 15% and the other at a gain of 19% and he found that each watch was sold at the same price. Find the cost price of the two watches.

Rs400, Rs280

Rs420, Rs200

Rs280, Rs200

None of the above

Solution

Let the 2 watches are A and B.

So, 85% of A = 119% of B

Ratio between A and B is = 7:5

The whole parts is 12 parts

For 12 parts = Rs.480

Or, 1 part = Rs.40

Or, 7 parts = Rs.280 and 5 parts = Rs.200.

QUESTION:

A sells a horse to B at a loss of 20% and B sells it to C at a loss of 25%. If C pays Rs.900 for it, at what price did A buy?

1000/-

1200/-

7000/-

1500/-

Solution

Let A buy it at Rs.100/-

A sells a horse to B at a loss of 20%

So, B buy at Rs.80/-

B sells to C at a loss of 25%

So, C buy at Rs.60

And, C pays Rs.900 for it

For 60 parts it is 900/-

For 100 parts it is 1500/-

So, A buy it for Rs.1500.

What profit percent is made by selling an article at a certain price, if by selling at 2/3 of that price there would be a loss of 20%?

Two persons calculate their profit percent in two different ways. One of them calculates a profit of 25% on the cost price and another a profit of 25% on the selling price. If the selling price of both of them are the same, find their cost price and selling price.

If a discount of 10% is given on the marked price of an article, the shopkeeper gets a profit of 20%. Find his profit % if he offers a discount of 20% on the same article.

I bought two watches for Rs480. I sold one at a loss of 15% and the other at a gain of 19% and then I found that each watch is sold at the same price. Find the cost price of two watches.

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