PROFIT AND LOSS
1. 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%
2. 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%
3. 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
4. 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
5. 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
6. 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%
7. 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%
8. 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
9. 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
10. 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 Keys:
1. B
2. A
3. D
4. B
5. C
6. A
7. C
8. A
9. C
10. B
A) 13.34% B)16.65% C)16.43% D)17.5%
2. 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%
3. 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
4. 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
5. 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
6. 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%
7. 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%
8. 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
9. 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
10. 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 Keys:
1. B
2. A
3. D
4. B
5. C
6. A
7. C
8. A
9. C
10. B
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