PROFIT AND LOSS
1. 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
2. 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%
A. no profit, no loss B. 20% profit C. less than 20% profit D. more than 20% profit
2. 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%
3. 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%
4. 60% loss on cost price is what percent loss on selling price?
A. 28% B. 38 % C. 40% D. 150%
5. 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 %
6. 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
7. 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
8. A shopkeeper expects 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
9. 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%
10. 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 Keys:
1. D
2. A
3. A
4. D
5. B
6. C
7. D
8. B
9. A
10. C
A. 25% B. 70% C. 60% D. 100%
4. 60% loss on cost price is what percent loss on selling price?
A. 28% B. 38 % C. 40% D. 150%
5. 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 %
6. 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
7. 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
8. A shopkeeper expects 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
9. 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%
10. 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 Keys:
1. D
2. A
3. A
4. D
5. B
6. C
7. D
8. B
9. A
10. C
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