Profit

and loss Exercise

Abhishek Jain


1. Kamalesh purchased 120 reams of paper at Rs. 100 per
ream and the expenditure on transport was Rs. 480. He had
to pay an octrol duty of 50 paise per ream and the coolie
charges were Rs. 60. What should he charge per ream to gain
40%?
a. 147 b. 127 c. 117 d. 137 e. None of
these
2. On selling an article at Rs. 530, the gain is 20% more than
the loss incurred on selling it at Rs. 475. In order to gain
20%, the selling price will be
a. 400 b. 200 c. 800 d. 600 e. None of
these
3. The marked price of a shirt and trousers are in the ratio of
1:2. The shopkeeper gives 40% discount on the shirt. If the
total discount on both is 30%, the discount offered on the
trousers is
a. 33.33% b. 20 % c. 25 % d. 50 % e.
None of these
4. If a commission of 10% is given on the marked price of a
book, the publisher gains 20%. If the commission is
increased to 20%, the gain percent is
a. 6.66% b. 5 % c. 8 % d. 6.5 % e. None
of these
5. The marked price of an article is 20% more than the cost
price and a discount of 20% is given on the marked price. In
this kind of sale, the seller
a. 33.33% b. 20 % c. 25 % d. 50 % e.
None of these

6. A shopkeeper sells a book whose marked price is Rs. 30 at

a discount of 15% and gives a pen costing Rs. 1.50 free with
each book. Even then he makes a profit of 20%. His cost
price per book is
a. 30 b. 20 c. 25 d. 50 e. None of these
7. A merchant purchases a calculator for Rs. 500 and fixes
the list price in such a way that after allowing a discount of
10%, he earns a profit of 20%. Find the list price of the
calculator
a. 666.66 b. 333.33 c. 450 d. 500 e.
None of these
8. Ramanlal a shopkeeper earns a profit of 33.33% after
selling an article at 20% discount on the printed price. Find
the ratio of the cost price and the printed of the article
a. 5:3 b. 1:5 c. 3:5 d. 5:1 e. None of
these
9. A trader has some watches in his stock. He marks his
watches 20% above the cost price. He sold half the stock at
marked price, one quarter at a discount of 20% on the
marked price and the rest at a discount of 40% on the
marked price. What is his gain percent?
a. 3% b. 2% c. 5% d. 7% e. None of
these
10. A sold a watch to B at 40% gain and B sold it to C at a loss
of 20%. If C bought the watch for Rs. 432, at what price did A
purchase it?
a. 383.33 b. 328 c. 385.71 d. 380 e.
None of these
11. A shopkeeper allows a discount of 10% on the marked
price of an item but charges a sales tax 8% on the discount
price. If the customer pays Rs. 729 as the price including the
sales tax, then what is the marked price of the item?
a. 750 b. 600 c. 500 d. 450 e. None of
these

12. The marked price of a watch is Rs. 1600. The shopkeeper

gives successive discounts of 10% and x% to the customer. If
the customer pays Rs. 1224 for the watch, find the value of x.
a. 75 b. 10 c. 12 d. 15 e. None of these
13. A dealer sold three-fourth of his articles at a gain of 24%
and the remaining at the cost price percentage of gain in the
whole transaction is
a. 18 b. 10 c. 12 d. 15 e. None of these
14. On a Rs. 10000 payment order, a person has choice
between three successive discounts of 10%, 10% and 30%
and three successive discounts of 40%, 5% and 5%. By
choosing the better one, he can save
a. 275 b. 210 c. 125 d. 255 e. None of
these
15. A trader marked the selling price of an article at 10%
above the cost price. At the time of selling, he allows certain
discount and suffers a loss of 2%. The discount allowed is
a. 10 % b. 10 % c. 10 % d. 9 % e.
None of these
16. Due to 25% fall in the rate of eggs, one can buy 2 dozen
eggs more than before by investing Rs. 200. What was
original rate per dozen?
a. Rs b. Rs c. Rs d. Rs e. None of
these

17. A shop keeper purchased some books from a publication
worth Rs. 750. Because of some reasons, he had to sell two-
fifth part of the book at a loss of 15%. On which gain he
should sell his rest of the books so that he gets neither gain
nor loss?
a. 10% b. 20 % c. 25 % d. 50 % e. None
of these

18. The cost price of an item is two-third of its selling price.

What is the gain or loss percent on that item?
a. 33.33 b. 20 c. 25 d. 50 e. None of
these
19. A bookseller sells a book at a gain of 20%. If he had
bought it at 20% less and sell and sold it for Rs. 6 less, he
would have gained 20%. The CP of the book is
a. 15 b. 20 c. 25 d. 50 e. None of
these
20. By selling 32 oranges for Rs. 30 a man loss 25%. How
many oranges should be sold for Rs. 24 so as to gain 20% in
the transaction?
a. 15 b. 20 c. 25 d. 16 e. None of
these

21. A toy is sold at 10% profit. Had it been sold for Rs.10
less, the profit may be 5% only. Find the cost price.
a. 200 b. 600 c. 500 d. 400 e. None of
these
22. An article costing Rs.2500 is sold at 20% loss. Find the
selling price
a. 3000 b. 2000 c. 4000 d. 5000 e.
None of these
23. If selling an article for Rs. 880 causes 10% loss on the
selling price. Find its cost price
a. 896 b. 869 c. 968 d. 986 e. None of
these
24. Find the marked price when selling price = 2880 and
discount = 4%
a. 3000 b. 2000 c. 4000 d. 5000 e.
None of these

25. Find the rate of discount when marked price=Rs. 250

and selling price Rs. 235
a. 3% b. 2% c. 4% d. 6% e. None of
these
26. A person purchased a Toy at 25% discount on its marked
price but sold it at the marked price. Find the gain percent?
a. 33.33% b. 20 % c. 25 % d. 50 % e.
None of these
27. A person allows 4% discount on the marked price of his
goods and still earns a profit of 20%. Find the cost price for
his marked at Rs. 850?
a. 860 b. 680 c. 780 d. 880 e. None of
these
28. A man marks his goods at such a price that he can deduct
87.5%cash and yet make 20% profit. What is the marked
price of an article which cost minimum him Rs. 140
a. 190 b. 189 c. 192 d. 195 e. None of
these
29. A man sells T.V. to B at a gain of 10% and B cells it to C at
a gain of 5%. If C pays Rs. 4620 for it what did it cost to A?
a. 3000 b. 2000 c. 4000 d. 5000 e.
None of these
30. A man sells 2 toys at Rs.616 each. On one he gained 12%
and on the other he lost 12%. Find his total gain or loss in
the transaction.
a. Rs. 18 loss b. Rs.16 loss c. Rs.18
profit d. Rs.16 profit e. None of these
31. A man bought a thing and sold it at a gain of 8%. If he had
bought it for 10% less and sold it for Rs.240 less he would
have made a profit of 16.66%. Find the cost price of the thing
a. 860 b. 800 c. 780 d. 880 e. None of
these

32. Gain or Loss is always counted on ..

a. selling price b. marked price c. cost
price d. data inadequate
e. None of these


33. The retail list price of a radio is Rs.210. The seller allows
a discount of 5% for cash and still makes a profit of 14% on
his outlay. The manufacturers price to the retailer is 26%
higher than the cost price?
a. 125 b. 139 c. 150 d. 110 e. None of
these
34. A fan is sold for Rs. 924. Had it been sold for Rs. 940
there would have been an additional profit of 2% on the cost
price. Find the cost price of the fan
a. 860 b. 820 c. 800 d. 880 e. None of
these
35. The difference in selling a toy at profit 8% and 12% is
Rs.24. Find the cost price of toy
a. 860 b. 680 c. 620 d. 600 e. None of
these
36. A person buys 40 pencils from a wholesaler at the
marked price of 36 pencils. If the person sells at the marked
price, find his profit percent
a. 11% b. 11% c. 11% d. 10% e. None
of these
37. Single discount equivalent to a series of discounts of 20%
and 30% is
a. 44% b. 40 % c. 45 % d. 50 % e. None
of these

38. A radio whose Tag price is Rs. 7000 is available at 2

successive discounts of 20% and 25%. Find the single
equivalent discount
a. 44% b. 40 % c. 45 % d. 50 % e. None
of these
39. The cost of a picture album is Rs. 500 it is available at
two successive discounts of 15% and 20%. Find the amount
paid by the customer
a. 300 b. 200 c. 340 d. 360 e. None of
these
Ans: Rs. 340

40. Find single discount rate equivalent to a series of
discounts 20%, 25% and 30%
a. 58% b. 40 % c. 45 % d. 50 % e. None
of these
41. If a shopkeeper allows x% discount on the marked price
of an article then the selling price of the article =
Ans: (100-x) % of marked price

42. A person allows 30% discount on all his articles, the
number of the articles sold is increased by 30%. Find the
effect on total sale?
Ans: 9% decrease

43. A chair which costs Rs. 800 was sold at a loss of 5%. Find
its selling price
Ans: Rs. 760

44. I sold a pen at a loss of 25% on my outlay Express this

loss as a percentage of the selling price
a. 33.33% b. 20 % c. 25 % d. 50 % e.
None of these
45. Kabir buys an article with 25% discount on the original
price. He makes a profit of 10% by selling it at Rs. 660. What
is the original price of the article?
Ans: Rs. 800

46. Vishnu bought 170 kg of sugar at the rate of Rs. 5.80 per
kg and mixed it in 130 kg sugar purchased at Rs. 5.30 per kg.
He sold the mixture with a profit of Rs. 161. The rate of the
mixture per kg was
Ans: Rs. 6.12

47. Subhash bought 20 kg of tea at the rate of Rs. 30 per kg
and 30 kg at the rate of Rs. 25 per kg. He mixed the two and
sold the mixture at the rate of Rs. 22.50 per kg. What was his
loss in this transaction?
Ans: Rs. 225

48. The amount of loss incurred by selling an article for Rs.
800 is 50% of the amount gained if it is sold for Rs. 1,400. At
what price should it be sold to have 2% profit?
Ans: Rs. 1200

50. The loss incurred on selling an article for Rs. 270 is as
much as the profit made when it is sold at 10% profit. What
is the cost price of the article?
Ans: Rs. 300


51. If the selling price of 40 articles is equal to the cost price
of 50 similar articles, what is the percent gain or loss?
a. 33.33% profit b. 20 % loss c. 25 % loss d.
50 % profit e. None of these
52. Sukumar Chowdhury bought paper sheets for Rs. 3600
and spent Rs. 100 on transport. Paying Rs. 300, he had 300
boxes made of them, which he sold at Rs. 16 each. What is
his profit percent?
Ans: 20

53. Sohanlal purchased 120 reams of paper at the rate of Rs.
100 per ream. The expenditure on transport was Rs. 480. He
had to pay an octroi duty of 50 paise per ream and the coolie
charges were Rs. 60. What should be the selling price of each
ream if he wants a profit of 20%?
Ans: Rs. 126

54. Neeraj bought a car for a certain sum of money. He spent
10% of the cost of repairs and sold the car for a profit of Rs.
11,000. How much did he spend on repairs if he made a 20%
profit?
Ans: Rs. 5000

55. By selling an article for Rs. 469, Mahesh gained 15%.
What was the cost price of the article?
Ans: Rs. 400

56. A fruit vendor purchased 35 dozen apples at Rs. 10 per
dozen. Out of this 2 dozen got rotten and he sold 28 dozen at
Rs. 12 per dozen. Remaining apples were sold by sold by him

at Rs. 15 per dozen. What profit did he make in this bargain?

Ans: Rs. 61

57. There would be 10% loss if rice is sold at Rs. 5.40 per kg.
What price per kg should it be sold to earn a profit of 20%?
Ans: Rs. 7.20

58. Dilip prepared 50 show pieces of sandalwood. The cost
of production of each piece was Rs. 10. Apart from this he
has to pay Rs. 5 per piece as commission to the selling agent
and Re. 1 per piece to the workshop assistant. What should
be the selling price of each article if he wished to sell them at
30% profit?
Ans: Rs. 20.80

59. Samir purchased 24kg of wheat at the rate of Rs. 6.50 per
kg and 26kg of wheat at the rate of Rs. 8.00 per kg. He mixed
the two and sold the mixture. Approximately at what price
per kg should he sell the mixture to make 30 percent profit
in this transaction?
Ans: Rs. 9.50

60. If the chairs bought at price Rs. 300 to Rs. 450 are sold at
prices ranging from Rs. 400 to Rs. 525, what is the maximum
possible profit that might be made in selling 10 chairs?
Ans: Rs. 2250

61. The selling price of 50 articles is equal to the cost price of
the same 60 articles. What is the percent profit or loss?
a. 33.33% profit b. 20 % profit c. 25
% profit d. 50 % profit e. None of these

62. A shopkeeper purchases 18kg of sugar at the rate of Rs.

4.25 per kg and 22 kg at the rate of Rs. 7.00 per kg. He mixes
the two and sells the mixture at the rate of Rs. 5.35 per kg.
What will be his gain or loss in the transaction?
Ans: Rs. 16.50 loss

63. In a factory there are A grade and B grade employees.
Each employee contributes as many rupees as the number of
employees in his grade. The employer contributes Rs. 618. If
the total contribution is Rs. 839 and total contribution made
by grade B employees is Rs. 25, how many employees are
there in the factory?
Ans: 19

64. A shop keeper earns a profit of Rs. 60 by selling an
article. Had he sold the same article at Rs. 520, the profit
percent would have been 30. At what price did he sell the
article?
Ans: Rs. 460

65. Prabhat bought 20 kg of rice at the rate of Rs. 8.50 per kg
and 30 kg of rice at the rate of Rs. 9.75 per kg. He mixed the
two for selling the mixture. Approximately at what price per
kg should he sell the mixture to get 25% profit on the cost
price?
Ans: Rs. 10.50

66. By selling an article Sheetal earned a profit equal to
the of the price he bought it. If he sold it at Rs. 375, what
was the cost price?
Ans: Rs. 300


67. The percent profit made when an article is sold for Rs. 78
is twice as much as when it is sold for Rs. 69. What is the
cost price of the article?
Ans: Rs. 60

68. Pujari bought 20 quintals of rice at Rs. 250 per quintal
and 30 quintals at Rs. 280 per quintal. He mixed the two and
sold the mixture for Rs. 270 a quintal. What was his gain in
the deal?
Ans: Rs. 100

69. Prakash bought a suitcase with 25% discount on the
price. At what price should he sell the suitcase if he wants to
make a profit of 25% on his purchase price?
Ans: Cant be determined

70. A grain merchant bought 50kg of wheat at the rate of Rs.
7 per kg and 20 kg at the rate of Rs. 8 per kg. He mixed both
and sold at the rate of Rs. 10 per kg. What is his total profit?
Ans: Rs. 190

71. The profit earned by selling a watch for Rs. 850 is as
much as the loss incurred when it is sold for Rs. 650. What is
the cost price of the watch?
Ans: Rs. 750

72. A shopkeeper gives a discount of 25% on the marked
price of an article and earns a profit of 20% on his outlay. If

he had not given any discount, then the profit on his outlay
would have been
Ans: 60%

73. A fruit-seller sells mangoes at the rate of Rs. 50 for 10
mangoes. The number of mangoes purchased by the fruit-
seller for Rs. 50 in order to get a profit of 60% is
Ans: 16

74. By selling goods for Rs. 380, A loses 5 percent on his
outlay. The price at which A must sell them to gain 10
percent, would be
Ans: Rs. 440

75. I sold my table for Rs. 144 earning profit percent equal to
the cost price of the table numerically. The cost price of the
table is
Ans: Rs. 80
76. A person buys a book for Rs. 200 and sells it for Rs. 225.
What will be his gain percent?
Ans: 12.5%

77. A calculator is bought for Rs. 350 and sold at a gain of
15%. What will be the selling price of calculator in rupees?
Ans: 402.50

78. If the cost price is 95% of the selling price. What is the
profit percent?
Ans: 5.26


79. The owner of a cell phone shop charges his customer
28% more than the cost price. If the customer paid Rs. 8960
for the cell phone, what was the cost price of the cell phone?
Ans: Rs. 7000

80. Selling price of an article for Rs. 2220 and the percent
profit earned is 20%. What is the cost price of the article?
Ans: Rs. 1850

81. The profit earned after selling a pair of shoes for Rs.
2033 is the same as the loss incurred after selling the same
pair of shoes for Rs. 1063. What is the cost price of the
shoes?
Ans: Rs. 1548

82. A man sells an article at a profit of 40%. If he had bought
it at 40% less and sold for Rs. 5 less, he would have gained
50%. Find the cost price of the article.
Ans: Rs. 10

83. Charu purchased a dinner set at of its selling price and
sold it at 10% more than its SP. Find the gain percent
Ans: 10

84. Rajan sold an article for Rs. 6000 at a loss of 25%. Find
the cost price
Ans: Rs. 8000

85. The owner of a furniture shop charges his customer 18%
more than the CP. If a customer paid Rs. 10207 for a dining

table, find its original price

Ans: Rs. 8650

86. Meena purchased two fans each at Rs. 1200. She sold one
fan at the loss of 5% and other at the gain of 10%. Find total
gain of loss percent
Ans: 2.5% profit

87. Kapil sold two bikes for Rs. 50000 each. On one he gains
14% and on the other, he losses 14%, find his gain or loss
percent in this whole transaction
Ans: 1.96% loss

88. If the cost price of 20 articles is equal to the selling price
of 15 articles. Find the profit percent
Ans: 33.33%

89. A tradesman marks his goods at 20% above the cost
price but allows purchasers a discount of 5%, What profit
percent does he make?
Ans: 14%

90. Profit earned by selling an article for Rs. 1450 is same as
the loss incurred by selling the article for Rs. 1280. What is
the cost price of the article?
Ans: Rs. 1365

91. If a man wants to sell his chair for Rs. 720 he gets 25%
loss. To gain 25%, he should sell if for
Ans: Rs. 1200


92. The SP of an article after two successive discounts of
10% and 5% on marked price is Rs. 171. Find the marked
price
Ans: Rs. 200

93. The difference between the CP and SP of an article is Rs.
240. If the profit is Rs. 20%, the selling price is
Ans: Rs. 1440

94. Pankal purchased an item for Rs. 7500 and sold it at the
gain of 24%. From that amount he purchased another item
and sold it at the loss of 20%. What is his overall gain/loss?
Ans: Loss of Rs. 60

95. Sumit purchased an item for Rs. 4000 and sold it at the
gain of 35%. From that amount, he purchased another item
and sold it at the loss of 20%. What is his overall gain/loss?
Ans: Gain of Rs. 320