PROFIT AND LOSS
1. 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
2. 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
3. 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
4. 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
5. 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%
6. 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
7. 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
8. 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
9. 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%
10. 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%
Answer Keys:
1. C
2. D
3. B
4. A
5. A
6. B
7. B
8. B
9. C
10. A
A. Rs 4000 B. Rs 1500 C. Rs 3000 D. Rs 3300
2. 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
3. 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
4. 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
5. 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%
6. 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
7. 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
8. 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
9. 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%
10. 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%
Answer Keys:
1. C
2. D
3. B
4. A
5. A
6. B
7. B
8. B
9. C
10. A
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