PRACTICE SET ON PROFIT AND LOSS

PRACTICE SET ON PROFIT AND LOSS

COMPETITIVE EXAM  - MATHEMATICS

PRACTICE SET ON PROFIT AND LOSS

1.Ram bought 1600 eggs at Rs 3.75 per dozen. He sold 900 of them at 2 for Re 1 and the remaining at 5 for Rs 2, His Then the gain percent is:

A. 40%

B. 45%

C. 42%

D. 46%

2.By selling an article for Rs. 100, one gains Rs. 10

 A.10%

 B.9%

 C.11%

 D.10%

3. Mohan bought 20 dining tables for Rs 12000 and sold them at a profit equal to the selling price of 4 dining tables.  The selling price of each dining table is:

A. Rs 700

B. Rs 750

C. Rs 725

D. Rs 775

4. Orange are bought at 5 for Rs 10 and sold at 6 for Rs 15. His gain percent is:

A. 50%

B. 40%

C. 35%

D. 25%

5.A loss of 5% was suffered by selling a plot for Rs. 4,085. The cost price of the plot was:

 A.Rs.4350

 B.Rs.4259.25

 C.Rs.4200

 D.Rs.4300

6. A sold a watch to B at 20% gain and B sold it to C at a loss of 10%. If C bought the watch for Rs. 216, at what price did A purchase it?

A. Rs 200

B. Rs 216

C. Rs 250

D. Rs 176

7.A dealer sold a mixer for Rs. 420 at a loss of 12.5%. At what price should he have sold it to gain 12.5%?

 A.Rs.620

 B.Rs.540

 C.Rs.650

 D.Rs.750

8.On selling 33m. of cloth, a person gained an amount equivalent to the S.P. of 11m. of cloth. The profit in the deal is

 A.50%

 B.20%

 C.70%

 D.30%

9. If a watch is sold at Rs 60, there is a loss of 15%. For a profit of 2%, the watch is to be sold at:

A. Rs 70

B. Rs 72

C. Rs 75

D. Rs 85

10.There are two consecutive discounts of 35% and 10% on a saree. If a person paid Rs. 1170 for that, then what was the original price of the saree before the discounts?

 A.Rs.2,000

 B.Rs.1,800

 C.Rs.1,900

 D.Rs.1,700

11.A dishonest dealer claims to sell his goods at cost price, but he uses a weight of 960 gm for the kg weight. His gain percent is

 A.4 %

 B.4%

 C.2%

 D.3%

12. Hameed bought a calculator for Rs. 520 and sold it with 15% profit on the price he bought. At what price did he sell the calculator?

 A.Rs. 598/-

 B.Rs. 542/-

 C.Rs. 528/-

 D.Rs. 780/-

13.By selling a vehicle for Rs. 36,300, a person gains 21% profit. What was his gain in Rupees?

 A.Rs.3,000

 B.Rs.7,623

 C.Rs.3,600

 D.Rs.6,300

14.Toffee are bought at a rate of 8 for one rupee. To gain 60% they must be sold at

 A.6 for Re. 1

 B.5 for Re. 1

 C.9 for Re. 2

 D.24 for Re.5

15.A man buys pencils at 10 for Rs. 3 and sells at 8 for Rs. 3. His gain percent is

 A.20

 B.25

 C.30

 D.27

16.Ramesh purchased 4 old cycles at the rate of Rs. 625 for each. He spent Rs. 175 on each cycle for repairing and painting. At what price should he sell each cycle in order to make 35% profit on the money he spent?

 A.Rs. 1,019

 B.Rs. 1,000

 C.Rs. 1,080

 D.Rs. 844

17.Raghu bought 10kg. of sugar at the rate of Rs. 14 per kg and 15kg. of sugar at the rate of Rs. 16 per kg. He mixed the two varieties and sold the mixture at the rate of Rs. 18 per kg. What was his total gain by doing so?

 A.Rs.50

 B.Rs.70

 C.Rs.40

 D.Rs.80

18.Anitha sold a painting at a profit of 11%. Had she sold it for Rs.175 more, she would have gained 18%.The C.P of the painting is:

 A.Rs.2250

 B.Rs.2350

 C.Rs.2500

 D.Rs.2550

19.Ravi buys a radio three-fourth of its value and sells it for 20% more than its value. What will be the profit percent?

 A.50%

 B.40%

 C.60%

 D.70% 

20.By selling sugar at Rs. 5.58 per kg. a man loses 7%. To gain 7% it must be sold at the rate of Rs.

 A.5.62 per kg

 B.6.42 per kg

 C.7.32 per kg

 D.6.62 per kg

21.An article was sold at a loss of 5%.If it were sold for Rs. 30 more ,the gain would have been 1.25%. The cost price of the article is:

 A.Rs.488

 B.Rs.480

 C.Rs.460

 D.Rs.420

22.A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His gain percent is

 A.10%         

 B.15%

 C.20%

 D.12%

23.A tradesman’s prices are 20% above C.P. He allows his customers some discount on his bill and makes a profit of 8%. The rate of discount is :

 A.10%

 B.12%

 C.14%

 D.16%

24.Pradeep bought a toy with 20% discount on its labelled price. He sold it for Rs. 468 at 4% profit on the labelled price. At what price did he by the toy ?

 A.Rs.450

 B.Rs.360

 C.Rs.390

 D.Rs.380

25. If there is a profit of 20% on the Cost Price of an article, the percentage of profit calculated on its selling price will be –

 A.24

 B.50/3

 C.25/3

 D.20

26. A shopkeeper offers his customers 10% discount and still make a profit of 26% . what is actual cost of an article for him, marked Rs 280?

A. Rs 175

B. Rs 200

C. Rs 215

D. Rs 225

27.Arun purchased a bag with 25% discount on the labelled price. At what percentage profit on the price he bought should he sell it to make 20% profit on the labelled price?

 A.60%

 B.40%       

 C.45%

 D.50%

28. A salesman expects a gain of 13% on his cost price. If in a month his sale was ₹7,91,000, what was his profit?

 A.₹ 85,659

 B.₹ 88,300

 C.₹ 91,000

 D.₹ 97,786

29. The total cost of 8 buckets and 5 mugs is ₹92 and the total cost of 5 buckets and 8 mugs is ₹77. Find the cost of 2 mugs and 3 buckets.

 A.₹35

 B.₹70

 C.₹30

 D.₹38

30. If a shirt costs ₹64 after 20% discount is allowed, what was its original price in ₹?

A.76.80

 B.80

 C.88

 D.86.80

31. A sofa set carrying a sale price ticket of Rs 5000 is sold at a  discount of 4%, thereby gaining 20%. The trader’s cost price of the sofa set is:

A. Rs 3600

B. Rs 3800

C. Rs 4000

D. Rs 4200

32. If the cost price of 10 articles is equal to the selling price of 16 articles, then the loss per cent is-

A.30 %

 B.37.5%

 C.42.5%

 D.45%

33. If theere is a profit of 20% on the cost price, the percentage of profit on the sale price is

 A.50/3%

 B.12%

 C.46/3%

 D.16%

34.A fruit seller buys some mangoes and by selling 40% of them he realises the cost price of all the mangoes. As the mangoes being to grow over-ripe, he reduces the price and sells 80% of the remaining mangoes at half the previous rate of profit. The rest of mangoes being rotten are thrown away. The overall percentage of profit is –

A.80

 B.84

 C.94

 D.96

35. If the cost price of 18 articles is equal to the selling price of 16 articles, the gain or loss is

 A.25% gain

 B.25/2% loss

 C.25% loss

 D.25/2% gain

36. The owner of a watch shop charges his customers 22%more than the cost price. If a customer paid ₹8,906 for a wrist watch then what was the cost price of the wrist watch?

 A.₹7,300

 B.₹7,500

 C.₹7,700

 D.₹7,900

37.Ramesh bought 10 cycles for ₹ 500 each. He spent ₹ 2,000 on the repair of all cycles. He sold five of them for ₹ 750 each and the remaining for ₹ 550 each. Then the total gain or loss % is –

A.Gain of 25/3%

 B.Loss of 25/3%

 C.Gain of 23/3%

 D.Loss of 50/7%

38. Vinay sold an item for ₹7,200 and incurred a loss of 20%. At what price should he have sold the item to have gained a profit of 20%?

 A.₹10,800

 B.₹8,950

 C.₹11,200

 D.Cannot be determined

39. The cost price of an item is two-third of its selling price. What is the gain/loss percent on that item?

 A.45       

 B.50

 C.35

 D.54

40. A, B and C entered into partnership in business A got 3/5 of the profit and B and C distributed the remaining profit equally. If C got ₹ 400 less than A, the total profit was

 A.₹1600

 B.₹1200

 C.₹1000

 D.₹800

41. If Suresh sells an article at a price of ₹9300, he incurs a loss of ₹3100. At what price should he sell the article so that he gets a profit of 25%?

 A.₹7250

 B.₹7350

 C.₹7650

 D.₹7750

42. Reshma purchased 120 exercise books at the rate of ₹ 3 each and sold ₹ 4 each. 1/2 of them at the rate of ₹ 5 each and the rest at the cost price. My profit per cent was –

 A.44%

 B.399/9%

 C.132/3%

 D.45%

43. A fruit seller bought oranges at the rate of 5 for a rupee and sold them 4 for a rupee. The percent gain or loss is –

 A.25/2 % gain

 B.25% loss

 C.25% gain

 D.252% loss

44. If pencils are bought at ₹ 5 each and sold sold at ₹ 4.50 each, then the loss percent is –

 A.10%

 B.11%              

 C.12%

 D.13%

45. By selling 14 toys of equal cost price at the rate of ₹ 450 each, there is a profit equal to the cost price of 4 watches. The cost price of a watch is –

 A.₹ 350

 B.₹ 360

 C.₹ 375

 D.₹ 400

46. A fruit seller sells peaches at the rate of 5 for ₹ 14, gaining thereby 40%. For how much did he buy a dozen peaches?

 A.₹ 20

 B.₹ 21

 C.₹ 24

 D.₹ 28

47. The profit earned after selling a painting for ₹ 1,754 is the same as loss incurred after selling the painting for ₹ 1,492. What is the cost price of the article?

 A.₹ 1,623

 B.₹ 1,523

 C.₹ 1,689

 D.₹ 1,589

48. If a man were to sell his chair for Rs 720, he would loss 25%. To gain 255 he should sell it for:

A. Rs 1200

B. Rs 1000

C. Rs 1000

D. Rs 800

49. Madhu purchased a washing machine and a oven for ₹12,000 and ₹10,000. She sold the oven at a loss of 12 per cent and washing machine at a proft of 8 percent. What is her overall loss/profit?

 A.Loss of ₹ 280

 B.Profit of ₹ 2,160

 C.Loss of ₹ 240

 D.Profit of ₹ 2,060

50. Rekha purchased an article for ₹ 9,600 and sold it for a loss of 5 percent. From that money she purchased another article and sold it for a gain of 5 percent. What is her overall gain/ loss?

 A.Loss of ₹ 36

 B.Profit of ₹ 24

 C.Loss of ₹ 24

 D.Profit of ₹ 36

 

 

 

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