Profit & Loss Set 2

1. Sujan buys a binocular for Rs.1800 and sells

it at 10% loss. Find its S.P. 9. The price of Pentium has come down by Rs
a) Rs.1620 b) Rs.1730 3000 to Rs 42,000 .By what % has it come
c) Rs.1650 d) None down?
a) 6 % b) 20% c) 8% d) 7 %
2. Kumar purchased an article for Rs.5200 and
spent Rs.800 on its repair. He had to sell it for 10. If I sell a TV for Rs. 3100 and a cycle for Rs.
Rs.5500. Find his profit or loss percentage. 1300, I gain 10% on the original cost of both;
a)8 1/3 % loss b) 7 1/2 % profit but if I sell the TV for Rs. 3150 and the cycle for
c) 9% loss d) None its original price, I lose 10% on the whole. Find
the original cost of each respectively.(CTS)
3. A sells an article to B at a profit of 10% and B
a) Rs. 3500; Rs. 500 b) Rs. 3550; Rs. 450
sells it to C at a profit of 20%. Find the resultant
c) Rs. 2770; Rs. 1230 d) Rs. 2800; Rs. 1200

Department of Analytcal Skills, School of Professional Enhancement

profit.
a)35% b) 20% c) 32% d) None 11. Instead of increasing the salary of a salesman
twice successively by 20%, the employer has
4. A shopkeeper loses 7% by selling an item for given a one-time 40 % hike. What is the loss or
Rs.31. For how much should he sell the ball so gain for the employee if his original salary was
as to gain 5%?
Rs. 1,000?
a) Rs.50 b) Rs.65 c) Rs.35 d) None
a) Rs. 4 gain b) Rs. 40 Loss
5. Andrew sells a scooter to his friend at 10% c) Rs. 40 gain d) No gain no loss
loss. If the friend sells it for Rs.54000 and gains 12. A vendor sold 4 toffees for a rupee to gain
20%, find the original cost price of the scooter. 50%. What should be the number of toffees
a)Rs.50000 b) Rs.45000 bought for the same price?
c) Rs.40000 d) None
a) 3 b) 5 c) 6 d) 8
6. An old lady engaged a domestic help on the 13. A shopkeeper professes to sell the articles at
condition that she would pay him Rs. 90 and a a discount of 20%, but marks the list price of
gift after service of one year. He served only 9 each article 30% above the cost price. What is
months and received the gift and Rs. 65. Find his gain on each article?
the value of the gift.(Accenture) a) 2% b)4% c)2.5% d) 4.5%
a) Rs. 10 b) Rs. 15
c) Rs. 12 d) None of the above 14. When a shopkeeper sells an article for Rs.
1890 each he makes a profit of 26% on the cost
7. A man sells two commodities for Rs 4000 price. During a sale the articles are marked at
each, neither losing nor gaining in the deal. If he Rs. 1560. Calculate the percentage profit on an
sold one commodity at a gain of 25%, the other article sold during the sale.
commodity is sold at a loss of? a) 3% b) 4% c) 5% d) 6%
a) 16 2/3 % b) 18 2/9 %
c) 25 % d) None of these
8. A man bought at the cost of 5 plums a rupee
and 2 oranges a rupee.He sells 10 plums and 6
oranges at the selling price of 4 plums a rupee 15. A stockist wants to make some profit by
and 3 oranges a rupee.What is his gain or loss? selling some sugar. He contemplates about
a) 50p loss b) 50p gain various methods. Which of the following would
c) 80p gain d) no loss no gain maximize his profit?

1
Profit & Loss Set 2
(i) Sell sugar at 10% profit.
(ii) Use 900 g of weight instead of 1kg.
(iii) Mix 10% impurities in sugar and sell at cost
price(TCS)
a) (i) or (iii) b) (ii) only
c) (ii) or (iii) d) Profits are same
16. Amit a furniture seller. He plans to sell a
table for Rs. 720. If he gains 20%, then what is
the cost price of the table?(IGATE)
a) Rs.575 b) Rs.600
c) Rs.720 d) Rs.850
17. A dishonest oil merchant claims that he gets
a profit of only 5% but he gives only one liter of
oil instead of 1kg. If 1.25 liter of oil weighs 1kg
what is his overall percentage of profit
a) 31.25% b) 25% c) 26% d) None of these
18. A store owner buys eggs for M cents per
dozen. She sells the egg for M / 6 cents a piece.
What is her profit on a dozen eggs?(TCS)
a) M/12 cents b) M/6 cents
c) M/2 cents d) M cents
19. A trader has 50 kg of sugar, a part of which
he sells at 10 per cent profit and the rest at 5 per
cent loss. He gains 7 per cent on the whole.
What is the quantity sold at 10 per cent gain and
5 per cent loss ?
a) 40kg, 10kg b) 10kg, 35kg
c) 25kg, 15kg d) 30kg, 20kg
20. If a merchant offers a discount of 40% on the
marked price of his goods and thus ends up
selling at cost price, what was the % mark up?
(Tech Mahindra)
a) 28.57% b) 40% c) 66.66% d) 58.33%
21. Rajiv sold an article for Rs.56 which cost
him Rs.x. If he had gained x% on his outlay,
what was his cost?(Tech Mahindra)
a) Rs. 40 b) Rs. 45 c) Rs. 36 d) Rs. 28
22. The purchase prices of three articles are in
the ratio 3:4:5 the first one is sold at a profit of
10% and the second at a loss of 7.5%.If the
overall percentage of profit or loss of the first
two articles is the same as the percentage profit
or loss of all the articles taken together, what is
the percentage of profit or loss in the case of the
third article?
a) 8.75 b) 1.25
c) 0 d) Cant be determined.
23. A retail store has an off season sale going on
for the customers. The sweaters are being sold at
40% discount. Customers having membership
cards are given additional discount. A lady who
has a membership card comes to the store and
buys a sweater of MRP Rs. 1,980. After the
discounts she gets the sweater for Rs.900. What
Department of Analytcal Skills, School of Professional Enhancement
is the membership discount of the store?
(a) 11.88% (b) 19.84%
(c) 24.24% (d) 54.54%
24. A merchant purchased two qualities of pulses
at the rate of Rs. 200 per quintal and Rs. 260 per
quintal. In 52 quintals of the second quality, how
much pulse of the first quality should be mixed
so that by selling the resulting mixture at Rs.
300 per quintal, he gains a profit of 25%?
a)100 quintals b)104 quintals
c)26 quintals d)None of these
25. Two dealers A and B sell the same model of
refrigerator for the same selling price. A gives a
successive discounts of 25% and 4% whereas B
gives successive discounts of 16% and 12%
.From whom is it more advantageous to buy the
fridge?
a) A b) B c) both d) None of these
26. The price of the raw material has gone up by
20%.the cost of transportation has also increased
from 15% of the cost of the raw material to 25%
of the cost of the raw material .By how much
should the process become more efficient (by
consuming less raw material) so as to keep the
cost of the produce the same?
a) 26.57% b) 17% c) 17.89% d) 23.33%
27. One merchant correctly calculates his
percentage profit on the cost price; another
wrongly calculated it on the selling price. Find
the difference in actual profits if both claim to
make 17.5% profit on goods sold at Rs.3760.
2
Profit & Loss Set 2
a) Rs.98 b) Rs.56
c) Rs.65 d) Cant determinate
28. I bought 80 kg of sugar for Rs 88 and was
obliged to sell it at a loss of as much money as I
received for 20kg. At what price (Rs per kg) did
I sell the sugar?
a) 0.88 b) 88 c) 1 d) None of these
29. A person loses 10% on one investment but
gains 20% on another. If the ratio of the
Investments is 3:4, what is the percentage of
gain or loss on the two investments taken
together?
a) 61/8% b) 71/7% c) 111/9% d) None of these
30. A wealthy man bought two flats in a posh
locality to have a fixed return. But a financial
crunch at his home forced him to sell both the
flats soon, and he sold both at the rate of Rs
3,00,000 each. He thereby incurred a loss of
20% on one of the flats and a gain of 20% on the
other. What was the overall profit or loss he
incurred in the entire transaction? (TCS)
a) No gain, No loss b) Rs. 25,000 profit
c) Rs. 25,000 loss d) Rs. 10,000 loss
31. If a man sold an article for Rs. 81.00, he
would make 8% profit. Find his percentage
profit or loss if he sold it for Rs. 70.50.(L & T)
a) Profit 6% b) Loss 6%
c) Profit 7% d) Loss 7%
32. A manufacturer of patent medicines uses one
dozen extra bottles of the medicine for every
order of 12 dozens. A discount of 25% is also
offered to the trader on the marked price. If a
bottle is marked as Rs.113, find the lowest price
at which a bottle can be sold without any loss?
a) Rs.72 b) Rs. 65 c) Rs.78 d) Rs. 83
33. Kumar can alone audit the companys
account in 12 days, while suresh alone takes 3
days more than kumar. Kumar and Suresh
undertook to do it for Rs.10800 with the help of
vinod, they finish it in 5 days. How much is paid
to vinod?
a) Rs. 4500 b) Rs. 3600
c) Rs. 2700 d) Rs. 5400
34. The catalogue price of an article is Rs.15000.
If the discount is increased from 15% to 20%,
then profit falls from 27.5% to 20%. Find the
cost price of the article?
a) Rs. 10000 b) Rs. 15000
c) Rs. 18000 d) Rs. 9000
35. A retail store has an off season sale going on
for the customers. The sweaters are being sold at
40% discount. Customers having membership
Department of Analytcal Skills, School of Professional Enhancement
cards are given additional discount. A lady who
has a membership card comes to the store and
buys a sweater of MRP Rs. 1,980. After the
discounts she gets the sweater for Rs.900. What
is the membership discount of the store?(CTS)
a) 11.88% b) 19.84% c) 24.24% d) 54.54%
36. By selling 5 dozen mangoes for Rs 156 it
was found that 3/10th of the outlay was gained.
What should the retail price per mango be in
order to gain 60%?
a) Rs.4 b) Rs.2 c) Rs.3.2 d) Rs.4.2
37. A man sells sugar to a tradesman at a profit
of 20% but the tradesman becoming bankrupt
pays only 80 paise in a rupee. How much
percentage does the man gain or lose by his
sale?
a) 2.5% loss b) 4% gain
c) 4% loss d) 5.2% gain
38. One merchant correctly calculates his
percentage profit on the cost price; another
wrongly calculated it on the selling price. Find
the difference in actual profits if both claim to
make 17.5% profit on goods sold at Rs.3760.
a) Rs.98 b) Rs.56
c) Rs.65 d) Cant determinate
3
Profit & Loss Set 2
39. A camera costing Rs.550 is marked to be
sold at a price, which gives a profit 30%. What
will be its selling price in a sale when 20% is
taken off the marked price?
a) Rs.600 b) Rs.572
c) Rs.635 d) Rs.605
40. A sports goods shop owner has 6 packets of
balls each containing the same number of balls.
If he sells each ball at Rs.8 he gains Rs.96. If
there were 1 ball less in each packet and he sells
each ball at Rs.9 then he gains Rs.90 in the
transaction. Find the cost price of each packet of
cost of the machine X is:
a)Rs. 4000 b)Rs. 5500 c)Rs. 4500 d)Rs. 5000
47. A trader buys 150 pens for Rs.1000 and he
marks each of them at Rs.10. He gives a
discount of 20% on each pen and he gives 1 pen
free on bulk purchases of 9 pens. What is his
minimum possible overall percentage of profit?
a)8% b) 10% c) 20% d) 5%
48. A trader gives a discount on an article such
that the profit as a percent of marked price is the
same as the discount as a percent of cost price.

Department of Analytcal Skills, School of Professional Enhancement

What is the ratio of the actual profit percentage
balls. to the actual discount percentage on the article?
a) 36 b) 48 c) 64 d) 52 a)4:1 b) 2:1 c) 1:2 d) Cant be determined
41. Due to stiff competition and slump in 49. The marked prices of two articles are in the
demand a man sells an article at a loss of 5% for ratio of 1:2, their discount percentages are also
Rs.38. If he increases the selling price to Rs.44, in the ratio of 1:2 and the profit they get is also
what is his percentage of gain? in the ratio of 1:2. What is the ratio of their cost
a) 12.5% b)12% c)11.5% d)10% Price
42. A trader gives a discount of 15% and earns a a) 1:2 b) 5:8 c) 2:5 d) Cant be determined
profit of 25%. If the difference between the
marked price and the cost price is Rs. 320, then 50. Jawed sells 2,000 mangoes in a week. He
find the selling price. recovers his total cost by selling first 1,200
a) Rs.855 b) Rs.859 c) Rs.850 d) Rs.846 Mangoes. He sells the next 300 Mangoes for a
loss of 20% and he sells the last 500 Mangoes
43. I bought two calculators for Rs.1200. I sold
for a loss of 40%. What is his overall percentage
the first one at a loss of 15% and the second at a
of profit?
gain of 25%. If, on the whole I made neither a
a) 45% b) 35% c) 27% d) 12.5%
loss nor a gain, find the cost price of the first
calculator.
a) Rs.740 b) Rs.754 c) Rs.750 d) Rs.745
44. A shopkeeper sold an article at Rs.35 and
gained 40% on it. What would be the selling
price of the article to get 60% profit?
a) Rs.45 b) Rs.42 c) Rs.39 d) Rs.40
45. A publisher sells books to a retail dealer at
Rs. 5 a copy but allows 25 copies to count as 24.
If the retailer sells each of the 25 copies at Rs. 6,
the profit percent made by him is:
a) 0 25% b) 20% c) 30% d) None of these
46. I buy 2 machines X and Y. X costs Rs. 500
more than Y. I sell X at a profit of 16% and Y at
a profit of 7%. My total gain is Rs. 1000. The