Lecture - 07

Profit Loss, Interest

By Wasee Ahmed, BUP BBA General
Math & Analytical Instructor

IBA+BUP FBS Preparation

1) A bicycle originally cost $ 100 and was discounted 10%. After three months it was sold
after being discounted another 15%. How much was the bicycle sold for? (BBA 94-95)
(A) $76.50 (B) $75.00 (C) $73.50 (D) $71.00 (E) $69.50
2) A manufacturer of TV wants to make a profit of Tk. 3,00,000 on sale of 200 TV sets. It
costs Tk. 10,000 each to make the first 100 TV sets and Tk. 7,500 each to make TV sets
after the first 100 sets. What should be the selling price of each TV sets in taka?
(BBA 03-04)
(A) 10,250 (B) 10,350 (C) 10,500 (D) 10,750 (E) None of these
3) 5% merchandise of a trader was stolen and another 5% was damaged during
transportation. At what profit (in %) should he sell the rest of the goods so that he can make
an overall profit of 20%? (MBA 99-00)
(A) 22.25% (B) 27.5% (C) 30% (D) 33.3% (E) None of these
4) You buy equal number of two types of chocolates at the rate of Tk. 1/9 and Tk 1/11
respectively. If you now sell them at the rate of Tk. 1/10 what will be your profit/loss?
(BBA 96-97)
(A) 2% loss (B) 2% profit (C) 0 (D) 1% loss (E) 1% Profit
5) A merchant was selling an item at a certain price, then marked it down 20% for a spring
sale. During the summer, he marked the item down another 20% from its spring price. If
the item is sold at the summer price, then what percent of the original price did it sell for?
(A) 40% (B) 60% (C) 64% (D) 67% (E) None of these
6) An item was sold at 6% profit. If the cost was 4% less and the selling price was Tk. 4
more, then the trader would have made a profit of 12.5%. What was the cost of the item?
(MBA 99-00)
(A) 100 (B) 120 (C) 150 (D) 200 (E) None of these
7) Two years ago, the cost of pen A was Tk. 70 more than that of pen B. But due to high
demand, the cost of pen A has increased by 100% and that of pen B has increased by Tk.
20. If today you need a total of Tk 250 to buy one pen of each type, what was the price in
Taka of pen B two years ago?
(A) 30 (B) 40 (C) 50 (D) 70 (E) None of these
8) A shop sold a pair of shoes for Tk. 1600.00 and a pair of sandals for Tk. 960.00. It made
a profit of 20% on shoes and took a 10% loss on sandals. The shop made a __ ?
(MBA 03-04)
(A) loss of 17.8% (B) loss of 15.0% (C) gain of 17.8%
(D) gain of 75.3% (E) None of these
9) A merchant buys two articles for Taka 1400. He sells one of them at a profit of 20% and
the other at a loss of 8%. He makes no profit or loss in the end. What is the selling price of
the article that he sold at a loss? (MBA 08-09)
(A) 1000 (B) 1200 (C) 800 (D) 900 (E) none of these
10) A trader makes a loss of 10% by selling a chair at a discount of 28% on the listed price.
What will be his profit/loss if he sells the chair at 90% of its listed price? (MBA 2013)
(A) 10% (B) 12.5% (C) 13.6% (D) 15% (E) none of these
11) Bashir bought an ordinary mobile and a cover for Tk, 2000. Malek bought a smart
phone and the same cover for Tk. 2000 more than what Bashir had paid. The price of the
cover was one tenth of the combined cost of the two mobiles. What was the cost of the
ordinary mobile? (BBA 14-15)
(A) Tk. 1000 (B) Tk. 1200 (C) Tk. 1500 D) Tk. 1600 (E) none of these
12) A customer came to a shop and asked the shop manager to give a 20% discount on
listed price of a pen. Moreover, for every 10 pens purchased he wanted two pens free of
cost. The manager agreed to the customer's demand because he could still make a profit of
20% on cost price. If the cost price of a pen is x, what was the list price of the pen?
(BBA 14-15)
(A) 1.75x (B) 1.8x (C) 1.9x (D) 2x (E) none of these
13) Nipu sold 100 pens, of which 50 are red and 50 are black, at Tk. 48 per pen. He made
profit of 20% on the black pens and made a loss of 20% on the red pens. What was the net
gain or net loss on this sale? (BBA 16-17)
(A) 0 (B) Gain of Tk. 200 (C) Loss of Tk. 200
(B) (D) Gain of Tk. 400 (E) none of these
14) Johny bought a book and sold it at a loss of 10%. If he had bought it for 20% less and
sold it for Tk 55 more, he would have made a profit of 40%, What was the cost of the
book? (BBA 17-18)
(A) Tk 150 (B) Tk 250 (C) Tk 350 (D) Tk 450 (E) None of these
15) One laptop seller is planning to increase the price/laptop by BDT 10,000 from the next
month. Market research shows that with this increase in price he will be able to sell 6 fewer
laptops in the next month but the total revenue will increase by BDT 32,000 to BDT
760,000. What is the number of laptops the seller will sell in the next month at this new
price? (BBA 19-20)
A) 16 B) 20 C) 26 D) 32 E) 36
16) The cost prices of two articles, P and Q are in the ratio 5:7 and their selling prices, in
the ratio 2:5, respectively. If the losses made on both the products are the same, what is the
ratio between the cost price and the selling price of Q? (MBA 17)
(A) 5:4 (B) 7:3 (C) 8:3 (D) 15:4 (E) none of these
17) During a sale, a store sells 20 percent of its remaining stock each day, without
replenishment. After four days, what fraction of its original stock has it sold?
(A) 1/625 (B) 256/625 (C) 61/125 (D) 64/125 (E) 369/625
18) By selling 60 oranges at 624 taka, loss is cost price of 8 orange, the cost price of one
orange is : (MBA 19-20)
(A) 10 (B) 10.5 (C) 11 (D) 11.5 (E) none of these
19) Arman wanted to have Tk. 39,200 as interest after 5 years. He has invested an amount
in an account for 1 year at 8% interest rate. From the 2nd year, he invested the principal
amount in another account offering 10% interest for 3 years. At the beginning of the fifth
year he invested the principal amount in another account at the rate of 11%. What was the
principal amount? (assume simple interest rate) (BBA 09-10)
(A) Tk. 50,000 (B) Tk. 80,000 (C) Tk. 90,000 (D) Tk. 70,000 (E) None of these
20) Fred and George Weasley together earned $37,570 from a business venture. They
divided it and each deposited his share in a bank. At the end of 9 years the amount Fred had
in the bank was the same as the amount George had at the end of 7 years. If the interest was
compounded annually at 10% per annum, what was Fred's share of money earned from the
business venture?
(A) $14,174 (B) $16,437 (C) $17,000 (D) $18,785 (E) $20,570