Chapter: – Profit And Loss (Part-1)

Source: https://www.affairscloud.com/aptitude-questions-profit-loss
Compiled by:Gazi Salauddin;MBA(Marketing)

Hello Aspirants.
Welcome to Online Quantitative Aptitude section in AffairsCloud.com. Here we are creating
question sample in Profit and loss, which is common for all the competitive exams. We have
included Some questions that are repeatedly asked in exams!!!

1.A manufacture undertakes to supply 2000 pieces of a particular component at Rs.25 per
piece. According to his estimates, even if 5% fail to pass the quality tests, then he will make
a profit of 25%. However as it turned out, 50% of the components were rejected. What is
the loss to the manufacture? [TCS recruitment exam question]
A. Rs 12,000
B. Rs 13,000
C. Rs 14,000
D. Rs 15,000
E. None f these

Solution

Answer – B. Rs 13,000
Explanation:
5% of 2000=100 so 2000-100=1900 so,if he sells 1900 he will get 25% profit
cost per piece rs 25……so 25x 1900 don’t solve here
if 125%…………………..25×1900
100 %………………….?
?= 25x1900x100/125=38000=CP
if 50% rejected,only 1000 pieces sold
so 1000×25=25000=SP
loss=cp-sp= 38000-25000=13000

2.Shan bought 30 liters of milk at the rate of Rs.8 per liter. He got it churned after
spending Rs.10 and 5kg of cream and 30 liter of toned milk were obtained. If he sold the
cream at Rs.30 per kg and toned milk at Rs.4 per liter, his profit in the transaction is:
A. 20%
B. 8%
C. 30%
D. 40%

Solution

Answer – B .8%
Explanation:
CP =Rs.(30 x 8 + 10) = Rs.250
SP = Rs. (30 x 5 + 30 x 4) = Rs.270
Gain% = (20/250 x 100)% = 8%

3.The sale price of an article including the sale tax is Rs. 616. The rate of sale tax is 10%
. If the shopkeeper has made a profit of 12%, the cost price of the article is [The
Pearson Guide book]
A. Rs 500
B. Rs 515
C. Rs 550
D. Rs 600

Solution

Answer – A. Rs 500
Explanation – 110% of S.P. = 616
= S.P. = Rs.(616 x 100/110) = Rs.560.
C.P. = Rs (100/112 x 560)
= Rs 500

4. When a article is sold for Rs.3400, there is a loss of 2%. What is the cost price of the
commodity?
A. Rs 3500.50
B. Rs 3200
C. Rs 3400.56
D. Rs 3469.34

Solution

Answer – D. Rs 3469.34
Explanation – loss=2% so,
98%………….3400
100%………..?
?=(3400×100)/98=3469.34

5. The marked price of a watch was Rs. 720.A man brought the same for Rs.550.80
after getting two successive discounts the first being 10% .What was the second
discount rate?
A. 12%
 B. 14%
C. 15%
D. 18%

Solution

Answer – C. 15%
Explanation – Let the second discount rate be x% Then,
(100 – x)% of 90% of 720 = 550.80
=> (100 – x)/100 x 90/100 x 720 = 550.80
= (100-x) = [55080/(9 x 72) = 85
=> x= 15
second discount rate =15%

6. Jagdeep bought a refrigerator with 20% discount on the labeled price. Had he
bought at it with 30% discount, he would have saved Rs. 500 more. At what price
did he buy the refrigerator?
A. Rs 5000
B. Rs 10,000
C. Rs 12,500
D. Rs 15,000

Solution

Answer – A. Rs 5,000
Explanation – Let the labelled price be Rs.x Then,
(80% of x)- (70% of x) = 500
10% of x =500
10%………..500
100%…………? ?= (500 x 100/10) = 5000=x

7. If the S.P of Rs.40 results in a 20% discount on list price. What S.P would result in a
30% discount on list price?
A. Rs 18
B. Rs 20
C. Rs 35
D. Rs 27

Solution

Answer – C. Rs 35
Explanation – Let the list price be Rs. x
80/100x = 40
=> x = 40 x 100/80 = 50
∴ Required S.P. = 70% of Rs. 50=Rs.35
8. A discount of 25% on one article is same as a discount of 50% on another article
.The costs of two article can be:
A. Rs 30, Rs 20
B. Rs 90, Rs 40
C. Rs 80, Rs 40
D. Rs 50, Rs 40

Solution

Answer – C. Rs 80, Rs 40
Explanation – Let the costs of the two articles be x and y. Then,
25% of x = 50% of y
=> x/y = 50/25 = 2/1
So,x and y must be in the ratio of 2:1

9. A article is listed at Rs. 2000 and a discount of 20% is offered on the list price .What
additional discount must be offered to the customer bring the net price to Rs. 1400?
A. 12.5%
B. 10%
C. 12%
D. 15%

Solution

Answer – A. 12.5%
Explanation – S.P after 1st discount,
100%………2000
80%………?
?=2000×80/100=1600
Net S.P = Rs. 1400.
Discount on Rs. 1600 = Rs. 200.
∴Required discount = (200/1600 x 100)% =12.5%

10. A shopkeeper gives 12% additional discount on the discounted price, after giving an
initial discount of 20% on the labeled price of a mobile. If the final sale price of the
mobile is 704. then what is its labelled price?
A. Rs 844
B. Rs 920
C. Rs 1000
D. Rs 1100

Solution

Answer – C. Rs 1000
Explanation – Let the labeled price be Rs. x
 88% of 80% of x = 704
=> x = (704 x 100 x 100/88 x 80)= 1000.

11. The difference between the cost price and sale price of an article is Rs. 500 if the
profit is 20%. The selling price is:
A. Rs 4000
B. Rs 1500
C. Rs 3000
D. Rs 3300

Solution

Answer – C. Rs.3000
Explanation – 120%-100%=20%
20%…………………500
120%…………….?
?=3000

12. A dealer sold a Radio at a loss of 2.5%. Had he sold it for Rs. 100 more, he would
have gained 7.5%. To gain 12.5% he should sell it for :
A. Rs 2200
B. Rs 1000
C. Rs 1100
D. Rs 1125

Solution

Answer – D. Rs.1125
Explanation – Let C.P be Rs.x then,(107.5 % of x) – (97.5 % of x) = 100
=> 10% of x = 100
=> x =1000
∴ desired S.P = 112.5 % of Rs. 100
= Rs.(225/2 x 1/100 x 1000) =Rs. 1125

13. The cash difference between the selling price of an article at a profit of 8% and 4% is Rs
3 the ratio of the two selling price is
A. 51 : 52
B. 27 : 26
C. 51 : 53
D. 52 : 55

Solution

Answer – B (27:26)
Explanation – Let the C.P of the article be Rs. x
 Then required ratio = 108% of x / 104% of x
= 108/104= 27:26

14. A man sells two flats at the rate of Rs. 2 lakhs each. On one he gains 3% and on the
other, he loses 3%. His gain or loss % in the whole transaction is
A. 9% loss
B. 2% loss
C. 3% loss
D. 25% loss

Solution

Answer – A (0.09% loss)

Explanation – Loss% = X^2/100=(3)^2/100 % =0.09%

15. A man sells two flats for Rs. 8000 each. neither loosing nor gaining in the deal. If he
sold one at a gain of 25%, the other commodity sold at a loss of:
A. 50/3 %
B. 18 /3%
C. 25%
D. 32%

Solution

Answer – A (50/3 %)
Explanation – Total S.P = 16000 Rs. and Total C.P = 16000 Rs.
S.P. of Ist = Rs. 8000. Gain on it = 25%
C.P of Ist = Rs. (100/125 x 8000) = Rs.6400
C.P of 2nd = Rs, (16000 – 6400) = Rs. 9600.
S.P of 2nd = 8000.
∴loss on 2nd commodity = (1600/9600 x 100)% = 50/3%

16. A house and shop were sold for Rs. 1 lakh each. In this transaction the house sell
resulted into 20% loss whereas the shop sell resulted into 20% of profit. The entire
transaction resulted in:
A. no loss no gain
B. loss of Rs 1/12 lakh
C. loss of Rs 4lakh
D. gain of Rs 6lakh

Solution

Answer – B (loss of Rs. 1/12 lakh)

Explanation – Total S.P = Rs. 2 lakh.
C.P of house = Rs. (100/80 x 1)lakh = Rs 5/4 lakh
C.P of shop = Rs. (100/120 x 1)lakh = Rs. 5/6 lakh
 Total C.P = Rs. (5/4 + 5/6)lakh = Rs. 25/12 lakh
∴ loss = Rs.(25/12 – 2)lakh = Rs. 1/12 lakh.

17. Reshma purchased 120 chairs at price of Rs. 110 per chair. He sold 30 chairsat a
profit of Rs. 12 per chair and 75 chairs at profit of Rs. 14 per chairs. The remaining
chairs were sold at a loss of Rs. 7 per chairs. What is the average profit per table?
A. Rs 10.56
B. Rs 10.87
C. Rs 12.123
D. Rs 12.67

Solution

Answer – B (Rs 10.875)

Explanation – Total C.P = Rs. (120 x 110) =Rs. 13200.
Total S.P = Rs.[(30 x 110 + 30 x 12) + (75 x 110 + 75 x 14) + (15 x 110 – 15 x 7)
=Rs..14505
Average profit = Rs. (14505 – 13200) /120
= Rs. 1305/120= 10.875

18. Hemant sold 10 sarees for a total profit of Rs. 460 and 12 sarees for a total profit of
Rs. 144. At what profit per saree should he sell the remaining 20 sarees so that he
gets an average profit of Rs. 18 per sarees?
A. Rs 7.10
B. Rs 7.60
C. Rs 7.99
D. Rs 8

Solution

Answer – B (Rs 7.60)

Explanation – Total profit required = Rs.(42 x 18) = Rs.756
Profit on 22 sarees = Rs. (460 + 144) = Rs. 604
Profit on 20 sarees = Rs. (756 – 604) = Rs. 152
Average profit on these sarees = Rs.(152/20) = Rs. 7.60

19. Sanki purchased 20 dozen notebook at Rs. 48 per dozen. He sold 8 dozen at 10%
profit and remaining 12 dozen with 20% profit. What is his profit percentage in the
transaction?
A. 8%
B. 15%
C. 16%
D. 19%

Solution
 Answer – C (16%)
Explanation – C.P of 20 dozen = Rs.(48 x 20) = Rs.960
C.P of 8 dozen = Rs. (48 x8) = Rs. 384.
C.P of 12 dozen =Rs. (960 – 384) = Rs. 576
Total S.P = Rs. (110/100 x 384 +120/100 x 576) = Rs.1113.60
∴ Profit % = (153.60/960 x 100)% =16%

20. A man purchased wheat worth Rs. 400. He sold 3/4 at a loss of 10% and the
reminder at a gain of 10%. On the whole he gets:
A. loss of 5%
B. gain of 5
C. loss of 19%
D. loss of 6%

Solution

Answer – A (loss of 5%)

Explanation – C.P of 3/4th = Rs. (3/4 x 400) = Rs. 300,
C.P of 1/4th = Rs. 100
∴ Total S.P = (90% of Rs. 300 + 110% of Rs. 100) = Rs. 380
Loss = (20/400 x 100)% = 5%

21. Reema buys dress for 10% less than its value and sells it for 10% more than its
value. His gain or loss percent is:
A. no profit, no loss
B. 20% profit
C. less than 20% profit
D. more than 20% profit

Solution

Answer – D (more than 20% profit)

Explanation –
Let the article be worth Rs. x.
C.P. = 90% of Rs. x. = Rs.(9/10)x S.P. = 110% of Rs.x = Rs.(11/10)x
Gain = Rs.11/10x- 9/10x=(1/5)x
gain %=(2/5x) x (10/9x) x 100 =44.44% >20%

22. A retailer buys 40 pens at the marked price of 36 pens from a wholesaler. If he sells
these pens giving a discount of 1%, what is the profit percent?
A. 10%
B. 22%
C. 25%
D. 26%

Solution
 Answer – A (10%)
Explanation – Let the marked price of each pen be Re. 1.
Then, C.P. of 40 pens = Rs. 36.
S.P. of 40 pens = 99% of Rs. 40 = Rs. 39.60.
∴ Profit% = [3.60/36 x 100]% = 10%.

23. Jimmy bought 25 apples for Rs.10 and sold them at the rate of 24 apples for Rs.12.
What is the percentage of profit made by him?
A. 25%
B. 70%
C. 60%
D. 100%

Solution

Answer – A (25%)
Explanation – CP of 1 apple=10/25=2/5
SP of 1 apple=12/24=1/2
profit= 1/2-2/5=1/10
%= [(1/10) / (2/5) ] x 100 =25 %

24. 60% loss on cost price is what percent loss on selling price?
A. 28
B. 38 %
C. 40
D. 150%

Solution

Answer – D (150 %)
Explanation – Loss = 60% on CP i.e., 0.6CP
⇒ SP = 0.4CP Loss % on SP = loss/SP x 100
= 0.6CP/0.4CP x 100 = 150%.

25. A person, by selling an article at half of the list price incurs a loss of 20%. Find the
profit percentage if he sells at the list price?
A. 25%
B. 60%
C. 5%
D. 30 %

Solution

Answer – B (60 %)
Explanation – 0.50 MP = 0.8 CP (since 20% loss) So, MP = 160CP ⇒ 60% gain.
25. A trader buys two articles at the same price. He sold one article at 20% profit and sold
the other at 10% loss . Find his overall profit/loss percentage
a)10% loss b)10% profit c)5% loss d)5% profit.
Answer
D
26. If a book is sold at 20% more than its usual price, an extra profit of Rs.120 would be
made on it. find its usual selling price.
a)Rs.500 b)Rs.600 c)Rs.750 d)Rs.800
Answer
B
27. The loss made by selling 20 m of a cloth equals the cost price of 5 m of that cloth. Find
the loss percentage
a)33 1/3% b)25% c)20% d)40%
Answer
B
28. The profit made by selling 30 m of a cloth equals the cost price of 6 m of that cloth. find
the profit percentage
a)25% b)20% c)16 2/3% d)30%
Answer
B
29. The profit made by selling 25 m of a cloth equals the selling price of 5 m of that cloth.
find the profit percentage?
a)25% b)20% c)16 2/3% d)30%
Answer
A
30. The loss made by selling 16 m of a cloth equals the selling price of 4 m of that cloth.
Find the loss percentage
a)15% b)20% c)33 1/3% d)25%
Answer
B
31. A shirt was sold at a profit of Rs.50. If a trouser was sold at half the profit percentage
and the cost price of the trouser is thrice that of shirt, find the profit made on the trouser
(in.Rs.)
a)25 b)50 c)75 d)100
Answer
C
32. A trader wants to sell a watch at 25% profit. If its cost price was Rs.x more, an extra
profit of Rs.50 would be made on it. find x(in Rs.)
a)100 b)125 c)150 d)200
Answer
D
33. Amar sold a camera at 20% profit to Bhavan. Bhavan sold it to Chetan at 30% loss.
Chetan bought the camera for Rs.840. find the cost price of Chetan, had Amar sold the
camera to Bhavan at 30% loss and Bhavan sold it to Chetan at 20% profit (in Rs.)
a)1160 b)1080 c)840 d)720
Answer
C
34. A shopkeeper sold a toothpaste at a profit of 12.5%. His cost price was Rs.5 less than
his selling price. find his cost price (in Rs.)
a)30 b)36 c)40 d)50
Answer
C
35. Rohit sold his bicycle at 4 % profit. If he sold it for Rs.204 less, he would have made a
30% loss. What was his cost price(in Rs.)?
a)630 b)640 c)600 d)560
Answer
C
36. The Selling price of 12 articles equals the cost price of 15 articles. find the profit/loss
percentage?
a)25% profit b)20% profit c)25% loss d)20% loss
Answer
A
37. A trader sold a trouser at 44% profit after announcing two successive discounts of 10%
and 20%. At what percentage did he mark the trouser above the cost price?
a)60% b)100% c)180% d)175%
Answer
B
38. A merchant claims to sell goods at his cost price. But by using false weights, he give only
600 gm of goods for every 1 kg that he buys.What is his profit percentage?
a)40% b)100% c)60% d)66 2/3%
Answer
D
39. Ajay sold a motorbike at a profit of 20% to Balu. Balu sold it to Dinesh at a loss of
20%. If the profit made by Ajay was Rs.120 less than the loss made by Balu, find the cost
price of Ajay(in Rs.)
a)3000 b)3600 c)3900 d)4500
Answer
A
40. A shopkeeper marked a suit at Rs.400. He sold it after allowing a discount, and still
made at a profit of 25%. At what percentage above its cost price did he marked the suit, if
he sold it for Rs.320?
a)50% b)66 2/3% c)62 1/2% d)56 1/4%
Answer
D
41. Arun sold two napkins at same price.He earned 10% profit on one napkin and suffered
10% loss on the other, what was his overall profit/loss percentage?
a)No profit no loss b)1% profit c)1% loss d)None of these
Answer
C
42. Ashwin purchased a second hand machine for Rs.1 lakh. Over the first year after its
purchase. He incurred an expense of Rs.20000 in maintaining it. At the end of the first year
he sold it for Rs.80000. Find his profit/loss percentage. If 25% of the total cost price (i.e.,
purchased price + expenses) is to be deducted on account of depreciation.
a)12.5% profit b)12.5% loss c)11 1/9% profit d)11 1/9% loss
Answer
D
43. Arjun bought 100 mangoes at the same price . 40 of them were of lower quality. He sold
the remaining 60 mangoes at 60% more than the cost price. If in total, he earned a 28%
profit, What is his profit/loss percentage, on the 40 mangoes of lower quality?
a)20% profit b)15% profit c)20% loss d)15% loss
Answer
C
44. Vijay marked his camera at 50% above his cost price. He sold it after allowing discount
and still made a profit of 20%. What is the discount percentage he offered on it?
a)20% b)25% c)30% d)35%
Answer
A
Now the following questions will be based on the below data.
Merchants A,B and C sell the same article. They mark the article at Rs.x, Rs.x and Rs.y
respectively. A sells his articles after two successive discounts of 30% and 10%
respectively. B sells his article after two successive discounts of 20% each.
45. If x=2000, which of the two merchants A and B has a higher selling price. What is
difference is in their selling prices.
a)A, Rs.10 b)B,Rs.10 c)A,Rs.20 d)B,Rs.20
Answer
D
If C sells his article after a single discount of 50% at Rs.80 less than the selling price of B
calculated using the value of x in the previous question, find y (in Rs.)
a)1500 b)1350 c)1800 d)2400
Answer
D
46. Ganesha, Harish and Raghu started a business with investments of Rs.15000, Rs.18000
and Rs.21000. At the end of the one year, they earned a total profit of Rs.5400. Find the
respective shares of Ganesh, Harish and Raghu in the profit (in Rs.)
a)1500,1800,2100 b)1360,1800,2240 c)1750,2100,2450 d)1890,2100,2310
Answer
A
47. Antony, Ben and Charles enter into a business with investments in the ratio of 3:4:6. At
the end of one year, they shared the profits in the ratio of 6:4:3. find the ratio of the
respective time periods for which they invested.
a)1:2:4 b)4:2:1 c)4:1:2 d)1:4:2
Answer
B
48. Francis and George started a business with investments of Rs.7000 and Rs.10000. After
x months, Francis left. After two more months David joined the business with an
investment of Rs.10000. If the annual profit is shared among David, Francis and George in
the ratio 10:7:24, find the respective time periods of David, Francis and George for which
they stayed that year.
a)5:5:12 b)1:1:3 c)1:1:4 d)1:1:2
Answer
A
49. Prasad and Satish started a business with investments of Rs.2000 and Rs.5300
respectively. At the end of every month, Prasad invests Rs.300 while Satish withdraws
Rs.300. What is the ratio in which they should share the profits at the end of one year.
a)13:14 b)1:1 c)14:13 d)Cannot be determined
Answer
B
50. Anwar marked his radio at 40% above his cost price. He, then sold it after offering a
discount of 40%. If he made a loss of Rs.640, find his selling price (in Rs.)
a)4320 b)4640 c)3360 d)3720
Answer
C
51.Ram and Shyam started a business with investments of Rs.40000 and Rs.60000. At the
end of one year, out of the total Ram got Rs.2000 less profit than Shyam. Find the total
profit (in Rs.)
a)12000 b)10000 c)8000 d)16000
Answer
B
52. Anwar and Bhaskar started a business with investments of Rs.15000 and Rs.24000. At
the end of 4 months from the start of the business, both withdrew one-third of their
respective capital. Find the ratio of their profits in the total profit at the end of one year.
a)1:2 b)3:4 c)4:5 d)5:8
Answer
D
53. Ravi marked his Walkman at 60% above his cost price. If he had decreased his
discount from 20% to 10%. he would have earned Rs.80 more. Find his cost price.
a)640 b)600 c)500 d)800
Answer
C
54. A vendor bought 30 dozen bananas at Rs.16 per dozen. He sold 10 dozens at Rs.20 per
dozen and 16 dozens at Rs.25 per dozen. The remaining 4 dozens were rotten and he threw
away. Find his profit percentage.
a)20% b)25% c)30% d)33 1/3%
Answer
B
55.The profit made by David in selling his calculator for Rs.400 would be the same as the
loss he would have made in selling it at a 25% loss. If he sold his calculator after offering a
discount of Rs.100, find the percentage at which he marked it above the cost price.
a)56.25% b)62.5% c)60% d)50%
Answer
A
56.Francis sold his pen at a profit of Rs.5. He calculated his profit percentage on his selling
price and found it to be 50%. Find his profit percentage?
a)100% b)150% c)200% d)250%
Answer
A
57. Akbar and Birbal started a business with investments of Rs.30000 and Rs.40000
respectively. At the end of the one year, they gave 10% of the total profit of Rs.7000 to
charity. Find the difference in the profit of shares of both out of the remaining profit (in
Rs.)
a)600 b)900 c)500 d)8001
Answer
B
58. Arun and Bharat started a business with investments of Rs.10000 and Rs.15000
respectively. Arun being a working partner gets Rs.100 every month as salary from the
profit. At the end of one year the business makes a profit of Rs.4800. Find the total share of
Arun out o this amount (in Rs.)
a)2880 b)2640 c)3240 d)2760
Answer
B

59. The marked price of a sofa is 11,500 . The shopkeeper sold it by allowing 18%
discount on the market price and earned 15% profit. What is the cost price of the
sofa ?
A)8000
B)8100
 C)8200
D)8400

Answer

Answer – C) 8200
Explanation :
11500×(82/100)×(100/115) = 8200

60. The ratio of the cost price to the marked price of the furniture is 3:5 and ratio of
percentage profit to the percentage discount is 5:3.What is the discount percentage ?
A)3.33
B)6.66
C)15.15
D)9.99

Answer

Answer – D) 9.99
Explanation :
CP:MP = 3: 5
P:D = 5:3
Let CP = 300; MP = 500
(5X/100)×300 + (3X/100)×500 = 100
15X+15X = 100
X=(100/30) = 3.33
Discount = 3×3.33 = 9.99

61. A shopkeeper expect the gain of 19% on his cost price.If in a week his sale was of
Rs.462 , What was his profit ?
A)73
B)73.77
C)73.50
D)74

Answer

Answer – B)73.77
Explanation :
CP=(100/119)×462 = 388. 23
P = 462 – 388.23 = 73.77

62. Prakash bought a bike at 20% discount on its original price.He sold it with 30%
increase on the price he bought it.The new sale price is by what percent more than
the original price ?
A)4%
 B)5%
C)10%
D)22%

Answer

Answer – A) 4%
Explanation :
Let original price = Rs.100
20% discount = Rs.20
CP = 80
SP = (130/100)×80 = 104
Percentage = (104 – 100 )% = 4%

63. Shopkeeper marked the selling price of an article at 12% above the cost price . At
the time of selling , he allow certain discount and suffer a loss of 2%.Find the
discount percentage
A)12%
B)12.25%
C)12.5%
D)13%

Answer

Answer -C) 12.5%

Explanation :
Let CP = 100
MP = 112
SP = 98
Discount percentage = ([112 – 98]/112)×100 = (14/112)×100 = 12.5%

64. A Grinder is listed at Rs.1200 and a discount of 25%is offered on the list price.
What additional discount must be offered to the customer to bring the net price to
Rs. 990.
A)10%
B)12%
C)15%
D)20%

Answer

Answer – A) 10%
Explanation :
SP after 1st discount = [(75/100)×1200] = Rs.900
Net SP = Rs.990
 Discount on Rs.900 = 990 – 900 = Rs.90
Required discount = [(90/900)×100] = 10%

65. A sales man sells 2 watches for Rs.460 each.On one he gets 15% profit and on the
other 15% loss.His profit or loss in the entire transaction was
A)2(4/6)%
B)2(1/4)%
C)2(3/4)%
D)2(7/4)%

Answer

Answer – B) 2(1/4)%
Explanation :Loss = (15/10)^2 = 225/100 = 9/4 = 2(1/4)%

66. A shopkeeper takes 12% profit on his goods.He lost 22% goods during theft.His loss
percentage is
A)12.56
B)12.55
C)12.64
D)12.60

Answer

Answer – C) 12.64
Explanation :
Let no of goods = 100
CP of each item Rs.1 then total cost = Rs.100
No of item theft = 22
Remaining item = 78
Profit 12%, SP = 1.12 each item
Total sale = 78 ×1.12 = 87.36
Loss = 100 – 87.36 = 12.64

67. The difference the cost price and selling price of the book is Rs.260 .If the profit is
25%, then the selling price is
A)1100
B)1200
C)1250
D)1300

Answer

Answer -D) 1300

Explanation :
SP = 125% of Rs.x = (x×125/100) = 5x/4
 (5x/4) – x = 260
X = (260 × 4) = 1040
SP = (1040×5)/4 = 1300

68. The CP of 18 articles is equal to SP 15 articles .Find the gain or loss

A)15%
B)18%
C)20%
D)22%

Answer

Answer – C) 20%
Explanation :
CP of each article = Rs.1
CP of 18 articles = Rs.18
SP of 15 articles = Rs. 18
Gain = (3/15) × 100 = 20%

69. A vendor loses the selling price of 4 apples on selling 36 apples. His loss percent is
A)12(1/2)%
B)11(1/2)%
C)10%
D)9%

Answer

Answer – C) 10%
Explanation :
Selling price of 36 apples = Rs.36
Selling price of 4 oranges = Rs.4
Loss = 4
Cost price = 36+4 = 40
Loss % = (4/40)×100 = 10%

70. By selling 15 oranges, a fruit seller gains the selling price of 1 orange. Calculate his
gain percentage
A)7.14%
B)6.14%
C)8%
D)8.41%

Answer

Answer – A)7.14%
Explanation :
 SP of 1orange = 1
SP of 15 orange = 15
Profit = 1
CP = 15 – 1 = 14
Profit % = (1/14)×100 = 7.14%

71. A person sold a Tubelight at Rs.85.25 in such a way that his percentage profit is the
same as the cost price of the Tubelight. If he sells it at twice the percentage profit of
his previous percentage of the profit then the new selling price will be
A)Rs. 110.5
B)Rs.115.05
C)Rs.115.5
D)Rs.110.05

Answer

Answer – C)Rs. 115.5

Explanation :
Cp = x
Sp = x+(x2/100) = 85.25
x2+100x-8525 = 0
(x+155)(x-55) = 0
X = 55
Now sp = 55+(55×110)/100 = 55+60.50 =115.5

72. A dealer sold 575 cement package at a profit of 9%. If one cement package cost
Rs.2400, Find his total profit ?
A)124100
B)124200
C)124000
D)123200

Answer

Answer – B)124200
Explanation :
Cp = 575 × 2400 = 1380000
P = 9%
P = (1380000×9)/100 = 124200

73. What profit or loss percentage did Harini earn if she purchased an item Rs.5000
and sold it three – fourth of its cost price ?
A)21%
B)22%
C)25%
D)20%
 Answer

Answer – C) 25%
Explanation :
Cp = 5000
Sp = ¾(5000) = 3750
Loss = 1250
Loss % = (1250×100)/5000 = 25%

74. The ratio of the cost price to the marked price of a watch is 3:5 and ratio of the
percentage profit to the percentage discount is 5:3.Find the profit percentage ?
A)13.34%
B)16.65%
C)16.43%
D)17.5%

Answer

Answer – B)16.65%
Explanation :
Cp:mp = 3x:5x = 300 : 500
Profit = 2x
P:d = 5:3
(5x×300)/100 +(3x×500)/100 = 100
30x = 100
X =(100/30) = 3.33%=> 5x = 16.65%

75. A weighting machine of a trader weights 10% less than it should and the trader
marks up his goods to get an overall profit of 18%.How much does he mark up on
the cost price ?
A)6.2%
B)6.5%
C)6.3%
D)5.6%

Answer

Answer – A)6.2%
Explanation :
Cp = Rs.1 per gram
1000gms =>10% less = 900gms—–vales of good sold – x%
MP = 1000+(1000X/100) = 1000+10X
% P = [(1000+10X-900)/900]×100
18 =(100+10x)/9
162 = 100+10x
 10x = 62
X = 6.2%

76. If a clock is sold for Rs.120 there is a loss of 15%.For a profit of 2%, the clock is to
be sold for
A)141
B)142
C)143
D)144

Answer

Answer – D) 144
Explanation :
Sp = 120
Loss = 15%
Cp = 120 × (100 / {100-15}) = 2400/17 = 141.18
Profit = 141.18×{(100+2)/100} = 144

77. A discount of 20% on article A is the same as a discount on 15% on another article
B. The cost of the 2 article can be
A)33:88
B)51:68
C)45:63
D)14:19

Answer

Answer – B)51:68
Explanation :
A×(20/100) = 20A
B×(15/100) = 15B
20A = 15B
A/B = 15:20 => 3:4
3:4 => 3*17: 4*17 = 51:68

78. The difference in discounts between two successive discounts of 8% each and a
single discount of 16% on Rs.2000 is
A)6.4
B)4.6
C)12.8
D)12.6

Answer
 Answer – C) 12.8
Explanation :
Two successive discounts of 8% = [ 8+8-(8*8/100)]% = 15.36%
Diff = 16 – 15.36 = 0.64%
Required diff = 2000×(0.64/100) = Rs. 12.8

79. A man purchased some fruits for Rs 1000. He sold 2/5th of the fruits worth Rs 400 at
10% profit. At what percent must he sell the rest in order to get 20% profit on the whole?
A. 26 2/3%
B. 25%
C. 30%
D. 33 1/3%

Answer

A. 26 2/3%
Explanation:
2/5 (10) + 3/5 (x) = 20
Find x

80. A retailer marked its goods at 50% above the cost price and thinking that he will still
make 30% profit, offers a discount of 20% on the marked price. What is the actual profit
on the sale?
A. 18%
B. 25%
C. 20%
D. 15%

Answer

C. 20%
Explanation:
50 + (-20) + (50)(-20)/100

81. Toffees are bought at 27 for a rupee. How much must be sold for a rupee so as to gain
50%?
A. 18
B. 25
C. 20
D. None of these

Answer

A. 18
Explanation:
27 * (100/150) = 18
82. By selling 8 articles, a tradesman makes a loss equal to the cost price of 4 articles. Find
loss%.
A. 25%
B. 100/3%
C. 50%
D. None of these

Answer

C. 50%
Explanation:
C.P of 8 articles – S.P of 8 articles = C.P of 4 articles
C.P of 4 articles = S.P of 8 articles
Profit% = (8 – 4)/8 * 100 = 50%

83. Shopkeeper marks his goods at Rs 2,000. Now after allowing a discount of 25%, he gains
50%. Find the cost price of the article.
A. Rs 1800
B. Rs 1000
C. Rs 1500
D. None of these

Answer

B. Rs 1000
Explanation:
Use M.P. = (100 + p%)/(100 – d%) * C.P.

84. Two articles are bought at Rs 800 each. While selling the articles, trader made 10% profit
on the first article and 10% loss on the second article. Find the overall profit/loss percent.
A. 25%
B. 100/3%
C. Neither loss nor profit
D. None of these

Answer

C. Neither loss nor profit

Explanation:
When two articles are bought at same price and sold at equal profit % and loss %
respectively, it is neither profit nor loss

85. A fruit vendor purchased 21 apples for Rs 180. 33 1/3% of the apples were rotten and had
to be thrown away. What price should the trader charge per apple if he wants to earn a
profit of 16 2/3%?
A. Rs 28
 B. Rs 15
C. Rs 22
D. Rs 25

Answer

B. Rs 15
Explanation:
33 1/3 % rotten implies 100/3 * 100 *21 = 7 rotten
14 apples left
For profit of 16 2/3% or 50/3%
S.P. of 14 apples should be (100 + 50/3)/100 * 180 = 210

86. By selling an item at 7/10th of the actual selling price, a trader makes a profit of 20%. If
he sells the product at 20% less than the actual selling price, then what will be the profit
or loss %?
A. 30%
B. 20%
C. 37 1/7%
D. 33 1/3%

Answer

C. 37 1/7%
Explanation:
C.P. S.P.
Profit is 20%. So,
(7/10 S.P. – C.P.)/C.P. * 100 = 20
This gives S.P. = 12/7 C.P.
Now product sold at 20% less S.P. i.e. 80/100 or 4/5 of S.P.
Profit/loss% = (4/5 S.P. – C.P.)/C.P. * 100
Put S.P. = 12/7 C.P. and find the final answer

87. Raman bought an item at 20% discount on its original price. He sold it with 40% increase
on the price he bought it. The new sale price is by what percent more than the original
price?
A. 12%
B. 20%
C. 15%
D. 25%

Answer

A. 12%
Explanation:
40 + (-20) + (40)(-20)/100
88. The selling price of an article is marked at 10% above the cost price. At the time of
selling, he allows a certain discount and suffers a loss of 1%. He allowed a discount of:
A. 20%
B. 10%
C. 15%
D. 25%

Answer

B. 10%
Explanation:
Use M.P. = (100 + p%)/(100 – d%) * C.P.
110/100 M.P. = (100 – 1)/(100 – d%) * C.P.
Find d%

89. A Shopkeeper blends 2 varieties of tea, one CP is Rs.50 and another one CP is
Rs.100 per kg. They were mixed in the ratio 7:2, if he sold the mixed variety at
Rs.100 pkg, how much was his profit percentage ?
A)63.54%
B)63.63%
C)63.36%
D)66.36%

Answer

B)63.63%
Explanation :
7*50 + 2*100 = 350+200 = 550
7+2 = 9
9*100 = 900
[900-550/550]*100 = 63.63%

90. A boy bought 2 items for Rs.7500. One item he sells at a profit of 16% and other
item at 14% loss. In this the boy makes neither any profit nor any loss. What is the
difference between SP of 2 items.
A)602
B)610
C)600
D)620

Answer

D)620
Explanation :
116X/100 + (7500-x)86/100 = 7500
116x-86x-645000 = 750000
 X = 3500, 7500 – 3500 = 4000
(3500*116)/100 – (4000*86)/100 = 620

91. The CP of Desk is Rs.2000. A Salesman wants to make 15% profit by selling it. At
the time of sale he declares a discount of 10% on MP. The Marked price is ?
A)2552
B)2554
C)2556
D)2550

Answer

C)2556
Explanation :
90x/100 = 2000*(115/100)
X = 2000*115/90 = 2555.5 = 2556

92. A man sell an item with a discount of 15% to his customers and still gains 10%.
Find the MP of an item which cost Rs.320
A)414
B)441
C)411
D)141

Answer

A)414
Explanation :
X*85/100 = 320*110/100
X = 320*110/85 = 414.12

93. A shopkeeper sells his goods at 10% profit. If he sells it at 20% profit, he get Rs.120
more.Find the CP
A)1000
B)1020
C)1100
D)1200

Answer

D)1200
Explanation :120*100/10 = 1200

94. A man sells 2 books for Rs.450 each at no profit no loss on the whole business. If he
earned 20% profit on the 1st item then the loss on the 2nd item will be
A)12.48%
 B)14.28%
C)12.24%
D)14.28%

Answer

D)14.82%
Explanation :
SP of 2 items = 450+450 = 900
CP of 1st item = 450*100/120 =375
CP of 2nd item = 900 – 375 = 525
Loss = CP – SP= 525 – 450 = 75
% loss = 75*100/525 = 14.28%

95. Arun bought a bag with 20% discount on the SP. If the watch cost him Rs.1400,
What is the Original SP of the bag ?
A)1750
B)1740
C)1650
D)1570

Answer

A)1750
Explanation :X = 1400*100/80 = 1750

96. A lady sales saree, she charges 18% more than the CP. If a customer paid Rs.3560.
Then what was the CP of that saree
A)3016
B)3017
C)3071
D)3072

Answer

B)3017
Explanation :100*3560/118 = 3017

97. A Shopkeeper professes to sell his articles on CP but he uses false weight of 900gm
for 1kg. His gain % is
A)12.22%
B)11.01%
C)11.11%
D)12.11%

Answer
 C)11.11%
Explanation :(100/900)*100 = 11.11%

98. A dealer makes his goods 25% above CP and then while selling gives a discount of
12% on MP. Find his profit %
A)10%
B)15%
C)12%
D)11%

Answer

A)10%
Explanation :
Let CP = 100
MP = 125
Profit = 125*88/100 = 110
110 – 100 = 10%

99. The price of the book is Rs.100. A dealer sells 3 such books for Rs.288 after allowing
discount at certain rate. Find the rate of discount ?
A)7%
B)4%
C)5%
D)6%

Answer

B)4%
Explanation :
Price of 3 books = Rs.300
SP of 3 books = Rs.288
% = (300-288)*100/300 = 4%

100. A shopkeeper earns a profit of 15% by giving a discount of 20% on marked

price of a book. Find the ratio between Cost price and marked Price ?
A)16:23
B)23:16
C)12:25
D)14:23

Answer

A)16:23
Explanation :
 MP*(100-20)/100 = CP*(100+15)/100
CP/MP = 80/115 = 16/23

101. The MRP of a dress is Rs.1050 and 15% discount is allowed, and the
shopkeeper provided further 5% discount then what will be the Selling price of the
dress
A)Rs.854
B)Rs.848
C)Rs.886
D)Rs.765

Answer

B)Rs.848
Explanation :SP = 1050*85*95/100*100 = 847.88 = 848

102. The selling price of 10 apples is the cost price of 13 apples then the profit %
is
A)15%
B)3%
C)10%
D)30%

Answer

D)30%
Explanation :
CP of 13 apples = SP of 10 apples
1 Apple = 10
13 Apples = 130
10 Apples = 100
SP = 130, CP = 100
% = (130-100/100)*100 = 30%

103. A man purchases a certain no of oranges at Rs.10 each and same no at Rs.8.
He mixes them together and sells them at each Rs.8.What is his gain or loss % ?
A)11.11% gain
B)11.11% loss
C)12.5% loss
D)17.5% gain

Answer

B)11.11% loss
Explanation :
5 oranges(Rs.10) = 50
 5 oranges(Rs.8) = 40
10 oranges (Rs.8) = 80
5 oranges(Rs.10) + 5 oranges(Rs.8) = 50+40 = 90
% = (90-80)*100/90 = 11.11% loss

104. A man buy a single apple for Rs.18, he paid Rs.200 to buy a dozen apples,
find the approximate discount % ?
A)10%
B)13%
C)7%
D)2%

Answer

C)7%
Explanation :
Cp of 12 apples = 12 *18 = 216
SP of 12 apples = 200
16 = x*216/100
X = 16*100/216 = 7.4% = 7%

105. If an article is sold for Rs.446 at a loss of 16%,find the Cost price of an
article ?
A)Rs.521
B)Rs.531
C)Rs.528
D)Rs.546

Answer

B)Rs.531
Explanation :
SP = 84/100x
446 = 84/100x
X = 446*100/84 = 530.9 = 531

106. A man sells a DVD player at a profit of 20%. Had he bought it at 25% less
and sold it for Rs.840 less,he would have gained 10%, What is the cost price of the
DVD player?
A)Rs.2240
B)Rs.2100
C)Rs.2320
D)Rs.2760

Answer
 A)Rs.2240
Explanation :
Let CP = 100………SP = 120% = 120
New CP = 75………..new SP = 75*110/100 = 82.50
Diff b/w SP = 120-82.50 = 37.50
At diff 840, CP = 100*840/37.50 = 2240

107. The marked price of a calculator was Rs.750, A man bought the same for
Rs.550 after getting 2 successive discounts, If the 1st discount is 10% then find the
2nd discount % ?
A)23%
B)18%
C)21%
D)15%

Answer

B)18%
Explanation :
750*10/100 = 75
After 1st discount
Price = 750 – 75 = 675
2nd Discount = (675-550)*100/675 = 18.51% = 18%

108. Allowing 25% discount and 17% successive discount, the selling price of an
article is Rs.3240 then the marked price is
A)Rs.5320
B)RS.5430
C)Rs.5250
D)Rs.5205

Answer

D)Rs.5205
Explanation :MP = 3240*100*100/75*83 = 5204.8 = 5205

109. Raman buys some apples at the rate of four for a rupee and same numbers of
oranges at three for a rupee. To make a profit of 25%, Raman should sell a dozen
for.
a) 3.75
b) 4.3.75
c) 5.75
d) 6.75

Answer & Solution

 Answer – b) 4.375
Solution:
Let Raman buys ‘X’ apples at rate four for a rupee and ‘X’ apples at three for a rupee.
So, cost price = X/4 + X/3
CP = 6/4 + 6/3 = 3.5
Now SP = (125/100)*3.5 = 4.375

110. If selling price of 15 articles is equal to cost price of 20 articles then the
percentage profit is.
a) 50/3%
b) 100/3%
c) 200/3%
d) 400/3%

Answer & Solution

Answer – b) 100/3%
Solution:
CP of 15 articles = 15 (Take cp =1 re for each article). So, selling price = 20 (given)
%profit = [(20 – 15)/15]*100 = 100/3%

111. A man purchases some oranges at the rate of 25 for rupee 100 and same
amount of oranges at the rate of 50 for rupees 100. He mixes them and sell at the
rate of 25 for rupees 75. Find the profit/loss percentage.
a) 4% loss
b) 4% profit
c) 5% loss
d) No profit no loss

Answer & Solution

Answer – d) No profit no loss

Solution:
Let man buys X unit of oranges at the rate of 25 for rupee 100 and X unit of oranges at
the rate of 50 for rupee 100.
CP = (100/25)* X + (100/50)*X = 6X
SP = (75/25)*2X = 6X
So, no profit no loss

112. Priya bought 10 tables at the rate of 600 each. She spends 1600 rupees on
transportation and 400 on packaging. At what price should priya sell a table to
make a profit of 20%.
a) 860
b) 920
c) 960
d) 1020
 Answer & Solution

Answer – c) 960
Solution:
Total cost = 600*10 + 1600 + 400 = 8000 (For 10 tables)
CP of one table = 8000/10 = 800.
SP = 800*120/100 = 960

113. What is difference between the selling price of an article costing 1000 rupees
when a discount of 20% is given on the article and when two successive discounts of
10% is given on the article.
a) 10
b) 20
c) 30
d) 40

Answer & Solution

Answer – a) 10
Solution:
(80/100)* 1000 = 800
1000*(90/100)*(90/100) = 810.

114. If an article is sold for 270 at a loss of 10% then, to make a profit of 15%, at
what price article should be sold.
a) 315
b) 325
c) 335
d) 345

Answer & Solution

Answer – d) 345
Solution:
270 = (90/100)*CP. So Cp = 300.
So, SP = 300*(115/100) = 345

115. The marked price of an article is 20% above the cost price. When the selling
price of an article is increased by 30% the profit doubles. If the marked price of an
article is 480, then original selling price is.
a) 531.15
b) 537.14
c) 571.4
d) 582.12

Answer & Solution

 Answer – c) 571.4
Solution:
Given MP = 120/100*CP. So, CP = 400.
SP -400 = P (Profit)
(130/100)*SP – 400 = 2P
Solving both equation we get, SP = 4000/7 = 571.4

116. A man sold an article at a loss of 15%. If he sold the article at 50 rupee more
, he would have made a profit of 20%. Find the cost price of the article.
a) 1000/3
b) 1000/7
c) 1000/9
d) 1000/11

Answer & Solution

Answer – b) 1000/7
Solution:
SP = (85/100)*CP
SP + 50 = (120/100)*CP

117. Find the selling price of an article if the shopkeeper offers two successive
discount of 10% on marked price 400.
a) 322
b) 324
c) 326
d) 328

Answer & Solution

Answer – b) 324
Solution:
400*(90/100)*(90/100) = 324

118. A trader gains 10% while buying the goods and gains 20% while selling the
goods. Find the gain percent of the trader.
a) 30
b) 31
c) 32
d) 34

Answer & Solution

Answer – c) 32
Solution:
Traders gain 10% on buying means an article cost 110rs, he buy it for 100.
Now he sell it for 20% profit means 110*(120/100) = 132.
So gain% is 32.

118.By selling a TV for Rs.20855, a dealer suffers a loss of 3%, at what price should
he sell it to gain 7% ?
A.Rs.23,500
B.Rs.23,005
C.Rs.22,750
D.Rs.24,200
E.None of these

Answer & Explanation

Answer – B.Rs.23,005
Explanation :
SP = 97/100 * CP
CP = 20855*100/97 = 21500
Gain 7%
New SP = 21500*107/100 = 23005

119.An item was brought at Rs.A and sold at Rs.B there by earning a profit of
20%.Had the value of A been 15% less and the value of B been Rs.76 less, a
profit of 30% would have been earned. What was the value of B ?
A.Rs.920
B.Rs.800
C.Rs.960
D.Rs.750
E.None of these

Answer & Explanation

Answer – C.Rs.960
Explanation :
CP = A, SP = B
SP = B = 120A/100 = 6A/5……………..I
SP = B – 76
CP = 85/100A = 17/20A
P = 30%
130/100 * 17/20 A = B – 76
B = 221/200x + 76………………………….II
Equate I and II
221A/200 + 76 = 6A/5
76 = 240A – 221A/200
A = 76*200/19
A = 800
B = 6*800/5 = 960
120.A shopkeeper bought 30kg of rice at Rs.75 per kg and 20 kg of rice the rate of
Rs.70. per kg.If he mixed the two brand of rice and sold the mixture at Rs.80
per kg. Find his gain
A.Rs.350
B.Rs.550
C.Rs.420
D.Rs.210
E.None of these

Answer & Explanation

Answer – A.Rs.350
Explanation :
CP = 30*75 + 20*70 = 2250 + 1400
= 3650
SP =80*(30+20) = 4000
Gain = 4000-3650 = 350