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Profit and Loss

26 Articles

A farmer bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20% ?

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Answer : C. 5

If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books ?

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Answer : D . 1800

100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is ?

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Answer : A . 1427% gain

A trader mixes 26 kg of rice at Rs.20 per kg with 30 kg of rice of other variety at Rs.36 per kg and sells the mixture at Rs.30 per kg. His profit percent is ?

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Answer : B. 5%

When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15% ?

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Answer : C. Rs. 25,300

Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is ?

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Answer : D. 44%

A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle ?

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Answer : C. Rs. 1190

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit ?

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Answer : B .70%

The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is ?

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Answer : B . 16

Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is ?

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Answer : B . 5511%

A storekeeper sold a wrist watch for $660, including a sales tax of 10%. If the cost price of the watch is $500, what is the percentage profit for shopkeeper ?

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Answer : D. 20%

A customer paid you $600 for construction work, out of which, 3/5 of the total amount was spent on the purchase of materials and 1/5 of the remaining was spent on travelling. How much is left after all the deductions ?

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Answer : C.

A reduction of 20% in the price of salt enables a lady to obtain 10kgs more for Rs.100, find the original price per kg ?

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Answer : C. 2.5

The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent ?

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Answer : B. 18 2/11 %

The C.P of 15 books is equal to the S.P of 18 books. Find the gain% or loss% ?

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Answer : A. 16 2/3 % loss

A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price ?

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Answer : C . 12 %

A dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by using a false weight. What weight does he substitute for a kilogram ?

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Answer : B. 833 1/3 grams...

A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have been a gain of 4%. What is the cost price ?

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Answer : A. Rs 1000...

A sells a camera to B at profit of 20% and B sells it to C at a profit of 25%. If C pays Rs 450, what price did A pay for the camera ?

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Answer : A. Rs 300...

On selling an article for Rs 1020, a merchant loses 15%. For how much price should he sell the article to gain 12% on it ?

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Answer : A. Rs 1344...

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