Every Knowledge

Maths: Important Topic:

Self Assessment Test

Profit And Loss

QNo.1 By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:

A Rs. 2600

B Rs. 2700

C Rs. 2800

D Rs. 3000

QNo.2 A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was:

A Rs. 3,750

B Rs. 3,250

C Rs. 2,750

D Rs. 2,250

QNo.3 If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25% he should sell it for:

A Rs. 1,200

B Rs. 1,000

C Rs. 960

D Rs. 900

QNo.4 A man sold two chairs at Rs. 1200 each. On one he gained 20% and on the other he loss 20%. His gain or loss in the whole transaction is:

A 1% loss

B 2% loss

C 4% loss

D 15 gain

QNo.5 A shopkeeper marks his goods 30% above his cost price but allows a discount of 10% at the time of sale. His gain is:

A 21%

B 20%

C 18%

D 17%

QNo.6 A man buys a field of agricultural land for Rs. 3,60,000. He sells one-third at a loss of 20% and two-fifths at a gain of 25%. At what price must he sell the remaining field so as to make an overall profit of 10%?

A Rs.1,00,000

B Rs. 1,15,000

C Rs. 1,20,000

D Rs. 1,25,000

QNo.7 An article is listed at Rs. 920. A customer pays Rs. 742.90 for it after getting two successive discounts. If the rate of first discount is 15%, the rate of 2nd discount is:

A 3%

B 5%

C 8%

D 12%

QNo.8 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 ?

A 1800

B 600

C 1200

D 1801

QNo.9 A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

A 1%

B 2%

C 3%

D 4%

QNo.10 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

A 25

B 18

C 15

D 16

QNo.11 A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent.

A 28%

B 10%

C 20%

D 25%

QNo.12 A farmer bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A 5

B 6

C 7

D 2

QNo.13 A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

A 1200

B 1260

C 1280

D 1240

QNo.14 The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x

A 16

B 17

C 18

D 19

QNo.15 A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?

A 70.20

B 72

C 75

D 80

QNo.16 A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item.

A 860

B 960

C 660

D 460

QNo.17 A shopkeeper expects a gain of 45/2 % on his C.P. If his sale was Rs. 392, then find his profit.

A 70

B 71

C 72

D 73

QNo.18 If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?

A 20%

B 30%

C 50%

D 70%

QNo.19 The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25% then determine the value of x.

A 16

B 17

C 18

D 19

QNo.20 If the cost price of 12 items is equal to the selling price of 16 items, the loss percent is

A 22%

B 23%

C 24%

D 25%

QNo.21 A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400

A 2%

B 4%

C 5%

D 7%

QNo.22 A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles

A RS 20

B RS 22

C RS 24

D RS 27

QNo.23 Anurag buys an old laptop for Rs. 17500 and spends Rs. 2,500 for its repair. He is not satisfied from his laptop and sells the laptop at Rs. 22,500. Find his profit percent?

A 20%

B 12.5%

C 15%

D 14.5%

QNo.24 Suraj sold an item for Rs.1600 and incurred a loss of 20%. At what price, should he have sold the item to have gained a profit of 30%.

A RS.2000

B RS,1800

C RS.2600

D 3500

QNo.25 Roman bought an article for Rs 5,840. He spent Rs. 360 on its shipping. He then sold it for Rs. 6,500, then find the approximate profit or loss % in this transaction

A 5%

B 2%

C 8%

D 13%

QNo.26 If the cost price is 25% of the selling price. Then what is the profit percent?

A 150%

B 200%

C 300%

D 350%

QNo.27 A toy is sold for Rs. 220, what was the cost if the rate of profit was 10% of the cost?

A Rs.196

B Rs.198

C Rs.200

D Rs.210

QNo.28 A man bought some toys at the Rs. 60 and sold them Rs.50. Find his loss percent?

A 10%

B 16.6%

C 25.8%

D 30%

QNo.29 An article is purchased for Rs. 450 and sold for Rs. 495. Find the gain percent?

A 10%

B 20%

C 25%

D 30%

QNo.30 A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

A 1%

B 2%

C 3%

D 4%

QNo.31 Rahim bought a table for 2,500 and sold, it for 3,000. How much profit did he earn?

A 500

B 1500

C 300

D 1200

QNo.32 A shopkeeper bought a transistor for 2,500 and sold it for 3,000. What was his profit?

A 700

B 500

C 900

D 300

QNo.33 A person sold a stove for Rs. 423 and incurred a loss of 6%. At what price would it be sold so as to earn a profit of 8%?

A 490

B 486

C 500

D 525

QNo.34 If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is:________? 0

A Rs. 50

B Rs. 160

C Rs. 200

D Rs. 225

QNo.35 A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225 for it, the cost price of the bicycle for A is:________? 0

A Rs. 110

B Rs. 120

C Rs. 125

D Rs. 150

QNo.36 A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent is:________? 0

A 8

B 10

C 11

D 12

QNo.37 A discount series of 10%, 20% and 40% is equal to a single discount of:_________? 0

A 50%

B 56.8%

C 60%

D 70.28%

QNo.38 At what price must kashif sell a mixture of 80 kg sugar at Rs. 6.75 per kg with 120 kg at Rs. 8 per kg to gain 20%? 0

A Rs. 7.50 per kg

B Rs. 8.20 per kg

C Rs. 8.85 per kg

D Rs. 9 per kg

QNo.39 A person bought an article and sold it at a loss of 10 % if he had bought it for 20 % less and sold it for Rs. 55 more he would have had a profit of 40 %. The C.P of the article is: 0

A Rs. 200

B Rs. 225

C Rs. 250

D None of these

QNo.40 The cost price of an article which on being sold at a gain of 12 % yields Rs. 6 more than when it is sold at a loss of 12 % is: 0

A Rs. 30

B Rs. 25

C Rs. 24

D Rs. 20

QNo.41 If two mixers and one T.V cost Rs. 7000. While two T.V s and one mixer cost Rs. 9800. The value of one T.V is:_________? 0

A Rs. 2800

B Rs. 2100

C Rs. 4200

D Rs. 8400

QNo.42 Profit after selling a commodity for Rs. 425 is same as loss after selling it for Rs.355. The cost of the commodity is:________? 0

A Rs. 385

B Rs. 390

C Rs. 395

D Rs. 400

QNo.43 A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20 % and the cow at a gain of 20 %. The entire transaction resulted in___________? 0

A No loss or gain

B Loss of Rs. 1000

C Gain of Rs. 1000

D Gain of Rs. 2000

QNo.44 A man sold two houses for Rs. 7.8 lakhs each. On the one, he gained 5% and on the other, he lost 5%. What percent is the effect of the sale on the whole? 0

A 0.25 % loss

B 0.25 % gain

C 25% loss

D 25% gain

QNo.45 When the price of a toy was increased by 20 % of the number of toys sold was decreased by 15 %. What was the effect on the sales of the shop? 0

A 4 % increase

B 4 % decrease

C 2 % increase

D 2 % decrease

QNo.46 A owns a house worth Rs. 10000. He sells it to B at a profit of 10% based on the worth of the house. B sells the house back to A at a loss of 10% in this transaction A gets: 0

A No profit No loss

B Profit of Rs. 1000

C Profit of Rs. 1100

D Profit of Rs. 2000

QNo.47 Ramees bought 4 doze apples at Rs 12 Per dozen and 2 apples at Rs 16 per dozen. He sold all of them to earn 20%. At what price per dozen did he sell the apples?

A Rs. 14.40

B Rs. 16.00

C Rs. 16.80

D Rs. 19.20

QNo.48 Jameel bought paper sheets for Rs. 7200 and spent Rs. 200 on transport. Paying Rs 600 he had 330 boxes made. Which he said at Rs. 28 each. What is his profit Percentage? 0

A 15.5

B 40

C 60

D None of these

QNo.49 By selling Toffees at 20 for a rupee, a man loses 40 %. To gain 20 %, for one rupee he must sell? 0

A 16 toffees

B 20 toffees

C 25 toffees

D 24 toffees

QNo.50 By selling 12 oranges for one rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%? 0

A 5

B 8

C 10

D 15

QNo.51 A man sold 20 articles for Rs. 60 and gained 20%. How many articles did he buy for Rs.60? 0

A 22

B 24

C 25

D 26

QNo.52 A man purchased a watch for Rs. 400 and sold it at a gain of 20% of the selling price. The selling price of the watch is:__________? 0

A Rs. 300

B Rs. 320

C Rs. 440

D Rs. 500

QNo.53 If I purchased 11 books for Rs. 10 and sold all at the rate of 10 books for Rs. 11, the profit percent 0

A 10%

B 11%

C 21%

D 100%

QNo.54 A man sells 320 mangoes at the cost of 400 mangoes. His gain percent is:_________? 0

A 10%

B 15%

C 20%

D 25%

QNo.55 There would be 10% loss if rice is sold at Rs. 5.40 per kg. At what price per kg should it be sold to earn a profit of 20% 0

A Rs. 6

B Rs. 6.48

C Rs. 7.02

D Rs. 7.20

QNo.56 There would be 10% loss if a toy is said at Rs. 10.80 per piece. At what price should it be sold to earn a profit of 20%? 0

A Rs. 12

B Rs. 12.96

C Rs. 14.40

D None of these

QNo.57 The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%? 0

A 37.5%

B 48%

C 50.5%

D 52%

QNo.58 By selling an umbrella for Rs. 300, a shop keeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is:________? 0

A 7

B 7.5

C 8

D 9

QNo.59 By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should be sell to get a gain of 20%? 0

A 5

B 8

C 10

D 15

QNo.60 If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is: 0

A 20% loss

B 20% gain

C 25% loss

D 25% gain

QNo.61 If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is: 0

A 25%

B 33 1/3 %

C 50%

D 66 2/3 %

QNo.62 The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit? 0

A Rs. 2000

B Rs. 2200

C Rs. 2400

D None of these

QNo.63 The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit? 0

A Rs. 920

B Rs. 960

C Rs. 1060

D Rs. 1200

QNo.64 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? 0

A 30%

B 70%

C 100%

D 250%

QNo.65 A man gains 20% by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:________? 0

A 40

B 100

C 120

D 140

QNo.66 Jameel brought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20%? 0

A Rs. 400

B Rs. 440

C Rs. 500

D Rs. 550

QNo.67 The sale price of an article including the sales tax is Rs. 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then the cost price of the article is: 0

A Rs. 500

B Rs. 515

C Rs. 550

D Rs. 600

QNo.68 The successive discounts 20% and 15% are equal to a single discount of__________? 0

A 35%

B 38%

C 32%

D 29%

QNo.69 Rahat purchased a refrigerator for Rs. 12500 after getting a discount of 20% on the labelled price. He spent Rs. 125 on transport and Rs. 250 on installation. At what price should it be sold so that the profit earned would be 10% if no discount was offered? 0

A Rs. 16500

B Rs. 15525

C Rs. 17000

D Rs. 17600

QNo.70 Mahad marks an article 15% above the cost price of Rs. 540. What must be his discount percentage if he sells it at Rs. 496.80? 0

A 18%

B 21%

C 20%

D 19%

QNo.71 An article was sold after a discount of 20% and there was a gain of 20%. If the profit made on it was Rs. 6 less than the discount offered on it, find its selling price? 0

A Rs. 72

B Rs. 90

C Rs. 66

D Rs. 96

QNo.72 Mahad sold an article for Rs. 18000. Had he offered a discount of 10% on the selling price, he would have earned a profit of 8%. What is the cost price of the article? 0

A Rs. 15000

B Rs. 16200

C Rs. 14700

D Rs. 15900

QNo.73 Rayyan purchased a refrigerator and a mobile phone for Rs. 15000 and Rs. 8000 respectively. He sold the refrigerator at a loss of 4 percent and the mobile phone at a profit of 10 percent. Overall he make a________? 0

A loss of Rs. 200

B loss of Rs. 100

C profit of Rs. 100

D profit of Rs. 200

QNo.74 A shopkeeper sells 400 metres of cloth for Rs. 18000 at a loss of Rs.5 per metre. Find his cost price for one metre of cloth? 0

A Rs. 45

B Rs. 50

C Rs. 35

D Rs. 40

QNo.75 The value of a machine depreciates at 20% per annum. If its present value is Rs. 1,50,000, at what price should it be sold after two years such that a profit of Rs. 24,000 is made? 0

A Rs. 1,10,000

B Rs. 1,20,000

C Rs. 1,24,000

D Rs. 1,21,000

QNo.76 After allowing a discount of 15% on the marked price, the selling price is Rs. 6800 for an article. If it was sold at marked price, there would have been a profit of 60%. The cost price of the article is? 0

A Rs. 6400

B Rs. 5600

C Rs. 5000

D Rs. 4800

QNo.77 A shopkeeper sells 20% of his stock at 10% profit ans sells the remaining at a loss of 5%. He incurred an overall loss of Rs. 400. Find the total worth of the stock? 0

A Rs. 25000

B Rs. 20000

C Rs. 15000

D Rs. 22000

QNo.78 A dealer purchases 15 articles for Rs. 25 and sells 12 articles for Rs. 30. Find the profit percentage? 0

A 25%

B 50%

C 20%

D 5%

QNo.79 If a trader sold two cars each at Rs. 325475 and gains 12% on the first and loses 12% on the second, then his profit or loss percent on the whole is_______? 0

A 1.44% loss

B 14.4% profit

C 14.4% loss

D 0%

QNo.80 Rehman mixed 24 kg of butter at Rs. 150 per kg with 36 kg butter at the rate of Rs. 125 per kg. At what price per kg should he sell the mixture to make a profit of 40% in the transaction? 0

A Rs. 135

B Rs. 162

C Rs. 189

D Rs. 198

QNo.81 If an article is sold at 19% profit instead of 12% profit, then the profit would be Rs. 105 more. What is the cost price? 0

A Rs. 1505

B Rs. 1510

C Rs. 1500

D Rs. 1490

QNo.82 A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%? 0

A Rs. 150

B Rs. 144

C Rs. 138

D Rs. 132

QNo.83 A trader sells 85 meters of cloth for Rs. 8925 at the profit of Rs. 15 per metre of cloth. What is the cost price of one metre of cloth? 0

A Rs. 80

B Rs. 85

C Rs. 90

D Rs. 95

QNo.84 Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent? 0

A 14%

B 16%

C 18%

D 22%

QNo.85 A person purchased a TV set for Rs. 16000 and a DVD player for Rs. 6250. He sold both the items together for Rs. 31150. What percentage of profit did he make? 0

A 30%

B 35%

C 40%

D 45%

QNo.86 The owner of a furniture shop charges his customer 24% more than the cost price. If a customer paid Rs. 8339 for a computer table, then what was the cost price of the computer table? 0

A Rs. 5725

B Rs. 5275

C Rs. 6275

D Rs. 6725

QNo.87 A shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes? 0

A neither profit nor loss

B 3%

C 5%

D 4%

QNo.88 A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent? 0

A neither profit nor loss

B 1%

C 2%

D 3%

QNo.89 By selling an article at Rs.800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%? 0

A Rs.600

B Rs.480

C Rs.500

D Rs.450

QNo.90 By selling an article at Rs.600, a profit of 25% is made. Find its cost price? 0

A Rs.350

B Rs.400

C Rs.573

D Rs.480

QNo.91 A person buys an article at Rs.500. At what price should he sell the article so as to make a profit of 20%? 0

A Rs.600

B Rs.500

C Rs.250

D Rs.700

QNo.92 A trader marked the price of the T.V. 30% above the cost price of the T.V. and gave the purchaser 10% discount on the marked price, thereby gaining Rs.340. Find the cost price of the T.V? 0

A Rs.2250

B Rs.2000

C Rs.2150

D Rs.2200

QNo.93 A trader marked the price of a car 20% above the cost price and allowed the purchaser 5% discount on the marked price there by gained Rs.8400. Find the cost price of the car? 0

A Rs.60000

B Rs.75000

C Rs.68400

D Rs.78400

QNo.94 At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 25% on the cost price? 0

A Rs.62.50

B Rs.72.50

C Rs.75.00

D Rs.80.00

QNo.95 A dealer purchased an article at 3/4 of its list price and sold 50% more than the list price. Find his gain percent? 0

A 75%

B 50%

C 100%

D 80%

QNo.96 Oranges are bought at 11 for a rupee and an equal number more at 9 a rupee. If these are sold at 10 for a rupee, find the loss or gain percent? 0

A 1% gain

B 2% gain

C 1% loss

D 2% loss

QNo.97 A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price? 0

A Rs.250

B Rs.225

C Rs.275

D Rs.200

QNo.98 A man buys an article and sells it at a profit of 20%. If he had bought it at 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price? 0

A Rs.370

B Rs.375

C Rs.350

D Rs.300

QNo.99 I bought two books; for Rs.480. I sold one at a loss of 15% and other at a gain of 19% and then I found each book was sold at the same price. Find the cost of the book sold at a loss? 0

A Rs.28

B Rs.280

C Rs.140

D Rs.70

QNo.100 A man buys two articles for Rs.1980 each and he gains 10% on the first and loses 10% on the next. Find his total gain or loss percent? 0

A 1% gain

B 1% loss

C 10% loss

D no gain or no loss

QNo.101 A reduction of 25% in the price of oil enables a house wife to obtain 5kgs more for Rs.800, what is the reduced price for kg? 0

A Rs.20

B Rs.30

C Rs.40

D Rs.25

QNo.102 A reduction of 40% in the price of bananas would enable a man to obtain 64 more for Rs.40, what is reduced price per dozen? 0

A Rs.5

B Rs.4

C Rs.2

D Rs.3

QNo.103 A man purchases 8 pens for Rs.9 and sells 9 pens for Rs.8, how much profit or loss does he make? 0

A 20.98% profit

B 20.98% loss

C 20.89% profit

D 20.89% loss

QNo.104 A dishonest dealer professes to sell goods at the cost price but uses a false weight and gains 25%. Find his false weight age? 0

A 700 gms

B 750 gms

C 800 gms

D 850 gms

QNo.105 A dishonest dealer professes to sell goods at the cost price but uses a weight of 800 grams per kg, what is his percent? 0

A 20%

B 25%

C 30%

D 15%

QNo.106 A tradesman by means of his false balance defrauds to the extent of 20%? in buying goods as well as by selling the goods. What percent does he gain on his outlay? 0

A 20%

B 45%

C 44%

D 48%

QNo.107 Ramees sold two bicycles, each for Rs.990. If he made 10% profit on the first and 10% loss on the second, what is the total cost of both bicycles? 0

A Rs.2000

B Rs.1980

C Rs.1891

D Rs.1750

QNo.108 By selling 12 pencils for a rupee a man loses 20%. How many for a rupee should he sell in order to gain 20%? 0

A 8

B 9

C 12

D 16

QNo.109 By selling 150 mangoes, a fruit-seller gains the selling price of 30 mangoes. Find the gain percent? 0

A 20%

B 25%

C 18%

D 30%

QNo.110 If a man lost 4% by selling oranges at the rate of 12 a rupee at how many a rupee must he sell them to gain 44%? 0

A 7

B 8

C 9

D 10

QNo.111 By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained, what ought the selling to price to have been in order to have lost 5 p.c? 0

A Rs.38750

B Rs.38000

C Rs.40000

D Rs.42000

QNo.112 A man sells a horse for Rs.800 and loses something, if he had sold it for Rs.980, his gain would have been double the former loss. Find the cost price of the horse? 0

A Rs.900

B Rs.875

C Rs.850

D Rs.860

QNo.113 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? 0

A 10%

B 11%

C 12%

D 15%

QNo.114 A single discount equivalent to the discount series of 20%, 10% and 5% is_______? 0

A 25%

B 30%

C 31.6%

D 33.5%

QNo.115 The list price of an article is Rs.65. A customer pays Rs.56.16 for it. He was given two successive discounts, one of them being 10%. The other discount is________? 0

A 3%

B 4%

C 5%

D 6%

QNo.116 The sale price sarees listed for Rs.400 after successive discount is 10% and 5% is________? 0

A Rs.357

B Rs.340

C Rs.342

D Rs.338

QNo.117 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? 0

A Rs.1000

B Rs.1140

C Rs.860

D Rs.760

QNo.118 The cost price of a radio is Rs.1500 and it was sold for Rs.1230, find the loss %? 0

A 18%

B 9%

C 15%

D 6%

QNo.119 A cycle is bought for Rs.900 and sold for Rs.1080, find the gain percent? 0

A 16 2/3%

B 20%

C 18%

D 25%