Profit & Loss (Part-2) Compiled by Gazi Salauddin

Chapter: – Profit And Loss (Part-2)
Source: https://www.affairscloud.com/aptitude-questions-profit-loss
Compiled By Gazi Salauddin;MBA(Marketing)
121.Cost price of 80 note books is equal to the selling price of 65 note books.The
gain or loss % is
A.23%
B.32%
C.42%
D.27%
E.None of these
Answer & Explanation
Answer – A.23%
Explanation :
% = [80 – 65/65]*100
= 15*100/65 = 1500/65
= 23.07 = 23% profit
122.A shopkeeper gains 15% after allowing a discount of 20% on the market price
of an article. Find his profit %, if the articles are sold at market price allowing
no discount ?
A.50%
B.53.75%
C.43.76%
D.45%
E.None of these
Answer – C.43.76%
Explanation :
Market price = Rs.100
SP = Rs.80, Discount = 20
Gain = 15%
CP = 80*100/115 = 69.56
Profit % = [100-69.56/69.56]*100
= 30.44*100/69.56
= 43.76%
123.Articles are marked at a price which gives a profit of 22%. After allowing a
certain discount the profit reduced to half of previous profit, then the discount
% is
A.9%
B.7%
C.10%
D.12%
E.None of these
Answer – A.9%
Explanation :
CP = 100
MP = 122
SP = 111
% of D => 122 *(100-x)/100 = 111
122*(100-x) = 11100
12200-122x = 11100
12200-11100 = 122x
X = 1100/122 = 9.02 = 9%
124.A man purchases some mangoes at the rate of 3 for Rs.40 and 5 for Rs.60.If he
sells all the mangoes at the rate of 3 for Rs.50, find his gain or loss %
A.15%
B.32%
C.20%
D.27%
E.None of these
Answer – B.32%
Explanation :
3=> 40, 15=> 200
5 =>60, 15=> 180
Total = 200+180 = 380
3=> 50, 30=> 500
% = 500-380/380]*100 = 31.57 = 32%
125.If the manufacturer gains 5%, the Wholesale dealer 8% and the retailer
12%, then the cost of production of an article whose retail price is Rs 1247, is
A.Rs.1087
B.Rs.900
C.Rs.982
D.Rs.1150
E.None of these
Answer – C.Rs.982
Explanation :
C.P. of article
= 1247 ×100/105×100/108 ×100/112= Rs. 981.8 = Rs.982
126.A Cow and a carriage together cost Rs 5000. If by selling the horse at a profit
of 10% and the carriage at a loss of 10% a total profit of 2.5% is made, then
what is the cost price of the cow ?
A.Rs.3200
B.Rs.3125
C.Rs.4200
D.Rs.4320
E.None of these
Answer – B.Rs.3125
Explanation :
Let the CP of cow be Rs x then CP of carriage would be Rs (5000 -x)
SP of horse = 1.1x
SP of carriage = 0.9 (5000 – x)
1.1x × 0.9 (5000 – x) = 5000 × 1.025 = 5125
1.1x + 4500 – 0.9x = 5125
0.2x = 625
x = Rs 3125
127.By selling 16 bananas , a vendor loses the selling price of 4 bananas due to
rain.Find his loss %
A.10%
B.12%
C.17%
D.20%
E.None of these
Answer – D.20%
Explanation :
Loss % = loss*100/total
= 4*100/20
= 400/20 = 20%
128.After allowing a discount of 25% on the market price of an article, there is a
gain of 20%. What is the profit % if the article is sold at market price i.e.
allowing no discount?
A) 65%
B) 55%
C) 60%
D) 50%
E) 35%
C) 60%
Explanation:
Let MP = Rs 100
SP = Rs 75, then Discount = 25
Gain = 20%
CP = (100/120) * 75 = 62.5
So Profit% when no discount = [100-62.5/62.5]*100
129.A chair and a table together cost Rs 1800. If by selling the table at a profit of
15% and the chair at a loss of 10% a total profit of 6% is made, then what is the
cost price of the chair?
A) Rs 890
B) Rs 844
C) Rs 648
D) Rs 728
E) None of these
D) Rs 648
Explanation:
Be method of allegation:
15 -10
. 6
6-(-10) 15-6
16 : 9
So cost of table = 9/(16+9) * 1800
130.An article is marked 10% above the cost price. When the selling price of an
article is increased by 20% the profit gets increased by Rs 96. If the marked
price of the article is Rs 440, then find original selling price.
A) Rs 455
B) Rs 365
C) Rs 385
D) Rs 435
E) Rs 480
E) Rs 480
Explanation:
MP = 440, Also given MP = (110/100)*CP, so CP = Rs 400
Now SP – 400 = P
And given that, when SP increased by 20%:
(120/100)*SP – 400 = P + 96
Solve both equations
131.An article is sold at a discount of 25% and still there is a gain of 20% on it. Find
the marked price of the article if it costs Rs 525.
A) Rs 658
B) Rs 840
C) Rs 758
D) Rs 930
E) None of these
B) Rs 840
Explanation:
Use M.P. = (100 + p%)/(100 – d%) * C.P.
So MP = (100+20)/(100-25) * 525
132.An article is marked at Rs 1500. A customer gets a discount of 20% on it. If he

wants the article at Rs 960, what additional discount he wants to have?
A) 15%
B) 20%
C) 14%
D) 22%
E) 18%
B) 20%
Explanation:
1500 * [(100-20)/100] * [(100-x)/100] = 960
133.Cost price of 25 note books is equal to the selling price of 40 note books. What is
the gain or loss per cent?
A) 37 1/2% loss
B) 23 2/3% loss
C) 23 2/3% gain
D) 37 1/2% gain
E) 45% loss
A) 37 1/2% loss
Explanation:
CP of 25 = SP of 40
When number of articles in SP > number of articles in CP, these is loss, so
loss % = (40-25)/40 * 100
134.There is a loss of 25% on an article when it is sold at 3/5th the previous selling
price. What is the actual profit% on it?
A) 25%
B) 30%
C) 18%
D) 10%
E) 22%
A) 25%
Explanation:
Shortcut:
[(5/3)*(100-25)] – 100 = 125 – 100
135.A shopkeeper bought an article at 20% discount on the marked price, and he
sold it at a profit of 40% on the marked price. What is the actual profit% made
by the shopkeeper?
A) 55%
B) 45%
C) 75%
D) 72%
E) 66%
C) 75%
Explanation:
Let MP = 100
So CP = Rs 80
And SP = 140
So actual profit% = (140-80)/80 * 100
136.5 kg of an article is bought at Rs 480, 1/3rd of it is sold at a profit of 20%. At
what loss% should the remaining article be sold so that there is an overall profit
of 3 1/3%?
A) 8.5%
B) 7%
C) 6.5%
D) 5%
E) 8%
D) 5%
Explanation:
Shortcut:
Let the remaining 2/3rd be sold at x% loss
1/3(20) + 2/3(-x) = 3 1/3 [x% loss, so used – sign] 1/3(20) + 2/3(-x) = 10/3
Solve, x = 5%
137.An article is sold at 25% profit. If the CP and the SP of the article are increased
by Rs 60 and Rs 30 respectively, the profit% decreases by 15%. Find the cost
price of the article.
A) Rs 190
B) Rs 240
C) Rs 285
D) Rs 305
E) None of these
B) Rs 240
Explanation:
CP = x, then SP = (125/100)*x = 5x/4
New CP = (x+60), new SP = (5x/4 + 30), new profit% = 25-15 = 10
So (5x/4 + 30) = (110/100) * (x+60)
Solve, x = 240
138.An article is sold for rupees 400 in which the seller fetches 25% profit. If 6 such
articles are sold for rupees 2400, then the percent profit/loss incurred by the
seller
A.25% profit
B.20% profit
C.25% loss
D.20% loss
E.None of these

Answer –A.25% profit
Explanation :
400 = (125/100)*CP
CP = 320.
Selling price = 2400/6 = 400.
% profit = [(400 – 320)/320]*100 = 25
139.A trader gives an additional concession of 35% on an article which is already

get discounted by 20% on the marked price. If the buyer pays an amount of
1300 for the article, then the marked price is
A.2200
B.2500
C.2600
D.2700
E.None of these
Answer – B.2500
Explanation :
MP*(80/100)*(65/100) = 1300
140.A shopkeeper bought 120 chairs at the rate of 250 each. He spends 3000 rupees
on transportation. He marked the price of each chair at 400 rupee. On the
marked price he gives 10% discount, then find the profit incurred by the
shopkeeper.
A.340/11%
B.350/11%
C.330/13%
D.330/11%
E.None of these
Answer – A.340/11%
Explanation :
cost price of each chair = 250 + 3000/120 = 275
selling price = 400*90/100 = 360
% profit = [(360 – 275)/275]*100
141.Rahul bought 20kg of rice at rupees 30 per kg and 40 kg of rice at 35 rupees per
kg. Now he sold the entire lot at 45 rupees per kg. Find the amount of loss and
profit made by rahul.
A.650
B.700
C.750
D.800
E.None of these
Answer – B.700
Explanation :
total cost price = 20*30 + 40*35 = 2000
total selling price = 45*60 = 2700
profit made = 700
142.A trader sold an article for rupees 810 after giving a discount of 10 percent on
the labelled price and gain 20% percent. What will be the profit percent when
the article is sold at labelled price.
A.100/7 %
B.100/3 %
C.200/3 %
D.200/7 %
E.None of these
Answer – B.100/3 %
Explanation :
810 = (120/100)*p
cp = 675.
(90/100)*Mp = 810
Mp = 900.
% profit = [(900 – 675)/675]*100
143.A company declared 20 percent discount on its garments. Rakesh bought

garments worth rupees 30000 after getting discount. Now he fixed the selling
price of the garments in such a way that he got a profit of 15 percent on the
marked price. Find the selling price of the garments.
A.34000
B.34225
C.35625
D.36000
E.None of these
Answer – C.35625
Explanation :
(80/100)*MP = 30000
MP = 37500, CP = 30000
Profit = (15/100)*37500 =5625
SP = 30000+5625 = 35625 rupee
144.A shopkeeper sold certain articles at 380 after giving a discount of 5 percent. If
the discount is not given he would have been gain 20 percent. What is the cost
price of the articles (approx.)
A.332
B.333
C.334
D.335
E.None of these
Answer – B.333
Explanation :
(95/100)*MP = 380. Mp = 400
400 = (120/100)*Cp
CP = 333.33
145.If a discount of 15 percent is given on an article then the shopkeeper make a

profit of 5 percent. Find the percent profit made by the seller when a discount of
10 percent is given
A.11.3/17 %
B.11.4/17 %
C.11.5/17 %
D.11.7/17 %
E.None of these
Answer – A.11.3/17%
Explanation :
(85/100)*mp = (105/100)*cp
(90/100)*mp = [(100+p)/100]*(85/105)*mp
146.The marked price of an article is 20% above the cost price. When the selling
price of an article is increased by 30% the profit doubles. If the marked price of
an article is 480, then original selling price is.
A.531.15
B.537.14
C.571.4
D.582.12
E.None of these

Answer – C.571.4
Explanation :
Given MP = 120/100*CP. So, CP = 400.
SP -400 = P (Profit)
(130/100)*SP – 400 = 2P
Solving both equation we get, SP = 4000/7 = 571.4
147.A trader gains 10% while buying the goods and gains 20% while selling the
goods. Find the gain percent of the trader.
A.30
B.31
C.32
D.34
E.None of these
Answer – C.32
Explanation :
Traders gain 10% on buying means an article cost 110rs, he buy it for 100.
Now he sell it for 20% profit means 110*(120/100) = 132. So gain% is 32.
148.A person saves 20 percent of his income. If the income of that person increased
by 16 percent and he decided to save 25 percent, then find the percent increase
in his saving as compared to previous one.
a) 40%
b) 45%
c) 50%
d) 55%
e) None of these
Answer – b) 45%
Explanation :
Let initial income = 100 so his saving is rupees = 20.
Now his income is 116 and he save = 116*25/100 = 29
So % increase in saving = (9/20)*100 = 45
149.A person sell two horses for rupees 480 each. On the first horse he gains 25
percent and on the second horse he losses 25 percent. Find the percent gain or
loss in the transaction.
a) loss 6.75%
b) gain 6.75%
c) loss 6.25%
d) gain 6.25%
e) None of these
Answer – c) loss 6.25%

Explanation :
sol=> When same quantity is sell at same price and percent gain and loss is same then
there is always loss occurred. To calculate the loss percent = ((common loss or
gain)/10)^2
i.e. (25/10)^2 = 6.25% loss
150.P calculates his profit percent on selling price while Q calculates his profit
percent on cost price. They notice that difference between their profits is 1000
rupees. If selling price of both P and Q are same and P gets 40% profit and Q
gets 60% profit. Then find their selling price
a) 7750
b) 8750
c) 9750
d) 1050
e) None of these
Answer – b) 8750
Explanation :
Let selling price = SP and cost price of A = CP1 and that of Q = CP2.
For P, % profit = (SP – CP1)/SP = 40/100. We get CP1 = (3/5)*SP
For Q, % profit = (SP – CP2)/CP2 = 60/100. We get CP2 = (5/7)*SP
Now, CP2 – CP1 = 1000. Solve this and we get SP = 8750
151.A dealer sells a goat for rupees 600 and there by gains 20 percent. He sells
another goat at 5 percent loss and on the whole there is no loss no profit. Find
the cost price of the second goat
a) 1000
b) 2000
c) 3000
d) 4000
e) None of these
Answer – b) 2000
Explanation :
600 = (120/100)*cp
so cp of first goat = 500. So in the first deal he gains 100 rupees.
But on selling second horse he losses 5 percent, means (5/100)*CP = 100
So cp of second goat = 2000
152.If a discount of 10 percent is given on the marked price of the article then the
seller gains 20 percent profit. Find the percent profit if the article is sold at 20
percent discount.
a) 10/3 %
b) 20/3 %
c) 25/3 %
d) 40/3 %
e) None of these
Answer – b) 20/3 %
Explanation :
Let marked price = 100
90 = (120/100)*cp, cp = 75
Now discount = 20% so, SP = 80
% profit = [(80 – 75)/75]*100 = 20/3
153.What will be the profit percentage after selling an article at certain price if
there is a loss of 40 percent when the same article is sold at 2/5 of the earlier
selling price ?
a) 20%
b) 40%
c) 50%
d) 90%
e) None of these
Answer – c) 50%
Explanation :
CP = 2/3 of Sp
SP = (100+p)/100 of cp
CP = 2/3[(100+p)/100] cp
P = 50
Solve both equation, we will get P = 50
154.By selling 22 meters of cloth a shopkeeper gains cost price of 4 meter cloth. Find
the percent profit/loss occurred by the shopkeeper.
a) profit 200/9 %
b) loss 200/11 %
c) profit 200/11 %
d) loss 200/11 %
e) None of these
Answer – c) profit 200/11 %

Explanation :
SP (22) – CP (22) = CP (4)
so, SP of 22 meter cloth = CP of 26 meter cloth
Let cost price of 1 meter cloth is re 1
Then CP = 22 and selling price = 26, then % profit = (4/22)*100 = 200/11 %
155.Rohit bought an article at 25 percent discount on labelled price. He again sells

the article at 20 percent on labelled price. Find the percent profit earned by
rohit in whole transaction
a) 30%
b) 40%
c) 50%
d) 60%
e) None of these
Answer – d) 60%
Explanation :
Let labelled price is 100. Rohit bought it for 75 after getting 25% discount.
Now he sells the article at (120/100)*100 = 120. So % profit he earns = (45/75)*100 =60
156.A toys manufacturing company declares 20 percent discount for whole sale
buyers. A trader bought toys for rupees 4000 after getting the discount. Now he
sells the toys at 15 percent profit on the original price of the company. What is
the selling price of the toys?
a) 4750
b) 5740
c) 5750
d) 6750
e) None of these
Answer – c) 5750
Explanation :
Let original price of toys be M,
(80/100)*M = 4000, M = 5000
Now to gain 15% on the original price, the trader will sell the toys at (115/100)*5000 =
5750 rupees
157.Raman buys some apples at the rate of four for a rupee and same numbers of
oranges at three for a rupee. To make a profit of 25%, Raman should sell a 6
apples for.
a) 3.75
b) 4.75
c) 5.75
d) 6.75
e) None of these
Answer – b) 4.75
Explanation :
let Raman buys ‘X’ apples at rate four for a rupee and ‘X’ apples at three for a rupee.
So, cost price = X/4 + X/3 (Question is asking about 6 apples)
CP = 6/4 + 6/3 = 3.5
Now SP = (125/100)*3.5 = 4.75
158.By selling 55 meters of cloth a merchant gains the cost price of 11 meters. Find
his gain percent?
a) 10%
b) 15%
c) 20%
d) 30%
e) None of these
Answer – c) 20%
Explanation :
55sp – 55cp = 11cp, 55sp = 66cp
let cost price is one rupee, then cp of 55 meter of cloth = 55 and sp of 55 meter of cloth =
66
so % profit = (11/55)*100 = 20%
159.A trader buys 1260 kg of wheat. One-fourth of which he sells at a gain of 5

percent, one-third at a gain of 8 percent and the remaining at a gain of 12
percent. If he had sold the whole lot at a gain of 10 percent, he would have
gained Rs 40.95 more. Find the cost price per kg?
a) 1
b) 2
c) 3
d) 4
e) None of these

Answer – c) 3
Explanation :
Let cost price per kg = C, then
[1260*c*110/100] – [(1260/4)*c*105/100 + (1260/3)*c*108/100 + (525*c)*112/100] =
40.95
U will get C = 3
160.If a trader estimates his loss as 10% of the selling price, what is his real loss
percent?
a) 100/9 %
b) 100/11 %
c) 100/13 %
d) 100/7%
e) None of these
Answer – b) 100/11 %
Explanation :
(cp – sp)/sp = 10/100
10cp = 11sp, now let cp = 1
So cp of 11 items = 11 and sp = 10, loss percent = (1/11)*100 = 100/11 %
161.What will be percentage profit after selling an article at a certain price if there
is a loss of 30% when the article is sold at 1/3 of the previous selling price?
a) 80%
b) 90%
c) 100%
d) 110%
e) None of these
Answer – d) 110%
Explanation :
sp/3 = (70/100)*cp
sp = (210/100)*cp
now profit percent = [[(210/100)*cp – cp]/cp]*100 = 110
162.A dealer sells a table for Rs 460 making a profit of 10%. He sells another table
at a loss of 5% and on the whole he makes neither profit nor loss. What did the
second table cost him
a) 836
b) 822
c) 832
d) 842
e) None of these
Answer – a) 836
Explanation :
no loss/ no profit means cp = sp i.e. cp1 + cp2 = sp1 + sp2
sp1 = 460 = (115/100)*cp1
sp2 = (95/100)*cp2
(460*100)/115 + cp2 = 460 + (95/100)*cp2
Cp2 = 836.36
163.A farmer sold a goat and a cow for rupees 800 and got a profit of 20% on goat
and 25% on cow. If he sells the goat and the cow for rupees 820, he gets a profit
of 25% on goat and 20% on cow. Find the cost price of cow?
a) 120.6
b) 130.6
c) 140.6
d) 150.6
e) None of these
Answer – b) 130.6
Explanation :
let cost price of goat = a and cost price of cow = b
800 = (120/100)*a + (125/100)*b
820 = (125/100)*a + (120/100)*b
Solve both equation to get a and b
164.A shopkeeper bought 120 chairs at the rate of 250 each. He spends 3000 rupees
on transportation. He marked the price of each chair at 400 rupee. On the
marked price he gives 10% discount, and then find the profit incurred by the
shopkeeper.
a) 350/11%
b) 340/11%
c) 330/13%
d) 330/11%
e) None of these
Answer – b) 340/11%
Explanation :
cost price of each chair = 250 + 3000/120 = 275
selling price = 400*90/100 = 360
% profit = [(360 – 275)/275]*100
165.A milkman buys some milk. If he sells it at rupees 10 a litre, he losses 800 rupees
but when he sells it at 12 a litre, he gains 600 rupees. How much milk did he
purchase ?
a) 200 litre
b) 350 litre
c) 500 litre
d) 700 litre
e) None of these
Answer – d) 700 litre

Explanation :
let he buys x litres of milk and cost price = c and selling price = s
x*c – x*10 = 800 and x*12 – x*c = 600
add both equation, we get, 2*x = 1400, so x = 700 litres
166.If a discount of 10 percent is given on the marked price of the article then the
seller gains 20 percent profit. Find the percent profit if the article is sold at 20
percent discount.
a) 10/3 %
b) 20/3 %
c) 25/3 %
d) 40/3 %
e) None of these
Answer – b) 20/3 %
Explanation :
Let marked price = 100
90 = (120/100)*cp, cp = 75
Now discount = 20% so, SP = 80
% profit = [(80 – 75)/75]*100 = 20/3
167.A t what price must a trader sell the mixture of 60 kg sugar at Rs 7 per kg with
120 kg at Rs 8 per kg to gain 20%?
a) 8.2
b) 9.2
c) 10.2
d) 11.2
e) None of these
Answer – b) 9.2
Explanation :
Total cost = 60*7 + 120*8 = 420 + 960 = 1380
sp (per kg) = (1380/180)*120/100 = 9.2
168.A man purchases some apples at the rate of 3 for Rs 4 and same quantity at 4
for Rs 7. If he sells all the apples at the rate of 5 for Rs 9, find his gain or loss
percent?
a) 17% loss
b) 17% gain
c) 15% loss
d) 15% gain
e) None of these
Answer – b) 17% gain

Explanation :
Let he buys x apples at the rate 4/3 and x apples at the rate of 7/4
so cost price = 4x/3 + 7x/4 = 37x/12
and selling price = (9/5)*2x = 18x/5
% gain = [(37x/12 – 18x/5)/(37x/12)]*100 = 17% (approx)
169.A man buys some quantity of rice for Rs 4800. He sells one third of it at a profit
of 10%. At what percent gain should he sell the remaining two-third so as to
make an overall profit of 20% on the whole transaction?
a) 10%
b) 15%
c) 20%
d) 25%
e) None of these
Answer –d) 25%

Explanation :
(1/3)*4800*110/100 + (2/3)*4800*(x/100) = (120/100)*4800
x = 125 so he should sell the remaining at 25% profit
170.A dealer sold two ACs at Rs. 5940 each. On selling one AC he gained 10% and
on selling the other he lost 10%. Find the dealer’s gain or loss percent?
a) 1% gain
b) 1% loss
c) 2% loss
d) 2% gain
e) None of these
Answer – b) 1% loss
Explanation :
5940 = (110/100)*cp1, cp1 = 5400
5940 = (90/100)*cp2, cp2 = 6600
So, CP = 5400 + 6600 = 12000
And selling price = 5940 + 5940 = 11880
% loss = (120/12000)*100 = 1
171.A, B and C invests rupees 2000, 8000 and 10000 respectively in a business. At
the end of the year the balance sheet shows a loss of 40% of the initial
investment. Find the share of loss of B.
a) 2200
b) 2800
c) 3000
d) 3200
e) None of these
Answer – d) 3200
Explanation :
Total loss after one year = 20000*40/100 = 8000
share of B = (4/10)*8000 = 3200
172.A shopkeeper buys 60 cycles and marks them at 20% above the cost price. He
allows a discount of 10% on the marked price for cash sale and 5% discount for
credit sales. If three-fourth of the cycles are sold at cash and remaining for
credit, the total profit be Rs. 11400. What is the cost price of a cycle?
a) 1000
b) 1500
c) 2000
d) 4000
e) None of these
Answer – c) 2000
Explanation :
Marked price = (120/100)*CP
cash sales = 45 and credit sales =15
(120/100)*cp*90/100*45 + (120/100)*cp*95/100*15 – 60*cp = 11400
Cp = 2000
173.A sold his bike to B at a loss of 20%. B spent rupees 1500 on its repair and sold
the bike to C for 42000, thereby making a profit of 5%. Find the cost of bike for
A?
a) 44125
b) 46125
c) 48125
d) 49715
e) None of these
Answer – c) 48125
Explanation :
Cost of A is CP,
cost for B = (80/100)*cp + 1500
selling price of B = 42000 = (105/100)*[(80/100)*cp + 1500] cp = 48125
174.A wholesaler sells 30 pens at the marked price of 20 pens to the retailer. The
retailer in turns sells them at the marked price. Determine the loss or gain
percent?
a) 25% gain
b) 50% gain
c) 50% loss
d) 25% loss
e) None of these
Answer – b) 50% gain

Explanation :
SP of 30 pens = MP of 20 pens = x (let it is x)
MP of one pen = x/20, he sells 30 pens at x/20, so SP = 3x/2
Cp =x
So % profit = [(3x/2 – x)/x]*100 = 50%
175.A defective chair costing rupees 2000 is being sold at 10% loss. If the price is
further reduced by 8 percent. Find its approximate selling price?
a) 1556
b) 1656
c) 1756
d) 1856
e) None of these
Answer – b) 1656
Explanation :
2000*90/100*92/100 = 1656
176.A person saves 20 percent of his income. If the income of that person increased
by 16 percent and he decided to save 25 percent, then find the percent increase
in his saving as compared to previous one.
a) 40%
b) 45%
c) 50%
d) 55%
e) None of these
Answer – b) 45%
Explanation :
Let initial income = 100 so his saving is rupees = 20.
Now his income is 116 and he save = 116*25/100 = 29
So % increase in saving = (9/20)*100 = 45′
177.The percent profit when an article is sold for rupees 400 is twice than when the
same article is sold for 250. The cost price of the article is-
a) 100
b) 150
c) 180
d) 200
e) None of these
Answer – a) 100
Explanation :
400 = [(100+ 2p)/100]*cp
250 = [(100 + p)/100]*cp
Solve both equation, we will get CP = 100
178.A vendor fixed Selling Price of a product at 40% above the cost price. He sells
half the stock at this price, one-quarter of that stock at a discount of 25% on the
original selling price and rest at a discount of 30% on the original selling price.
Find the gain percentage all together?
A. 20.75%
B. 15.75%
C. 14.75%
D. 16.75%
E. None of the Above
Answer – A. 20.75%
Explanation :
Let CP = 100;
marked price=140;
Revenue = [(1/2)*140 + (1/4)*0.75*140 + (1/4)*0.7*140] = 70 + 26.25 + 24.5 = 120.75;
% profit = 20.75/100 = 20.75%
179.A vendor sold two magazines namely A and B. He sold magazine ‘A’ at a loss of
20% and magazine ‘B’ at a profit of 25% but finally there is no loss or no gain.
If the total Selling price of both magazines is Rs.450. Find the difference
between the Cost Price of Magazine ‘A’ and ‘B’?
A. Rs. 60
B. Rs. 50
C. Rs. 75
D. Rs. 85
Answer – B. Rs. 50
Explanation :
20% of x = 25% of y ; x + y = 450
x/y = 5/4
Difference = Rs.50
180.Deepak found that he had made a loss of 10% while selling his smartphone. He
also found that had he sold it for Rs.50 more, he would have made a profit of
5%. The initial loss was what percentage of the profit earned, had he sold the
smartphone for a 5% profit ?
A. 100%
B. 200%
C. 75%
D. 85%
Answer – B. 200%
Explanation :
Profit= 5%
5% of CP = Rs. 50
CP = Rs. 1000
Now, Loss% = 10%
Loss =Rs. 100
Required % = (100/50)*100 = 200%
181.Mukesh and Rakesh wants to make 25% profit on selling good. Mukesh
calculating it on cost price while Rakesh on the selling price, the difference in
the profits earned by both being Rs. 100 and selling price being the same in both
the cases. Find out the Selling Price of both goods?
A. Rs.1500
B. Rs.1600
C. Rs.1200
D. Rs.2000
E. None of these
Answer – D. Rs.2000
Explanation :
Profit = 25% = 1/4
Let CP of Mukesh’s article = 4x & Profit = x; SP = 4x + x = 5x
Let CP of Rakesh’s article = 4y = 5x —(1)[Selling price of Mukesh’s article = Cost Price
of Rakesh’s article] x – y = 100—-(2)
y = 500
Selling price = 5x = 4y = 2000
182.Ananya buys two bangle set for a total cost of Rs. 900. By selling one bangle set
for 4/5 of its cost and the other for 5/4 of its cost, She makes a profit of Rs. 90 on
the whole transaction. The cost of the lower priced bangle set is?
A. Rs. 360
B. Rs. 400
C. Rs. 420
D. Rs. 300
E. None of these
Answer – D. Rs. 300

Explanation :
CP of 1st bangle set = x
CP of 2nd bangle set = 900-x
SP of 1st bangle set = 4x/5
SP of 2nd bangle set=(900-X)5/4
Profit=SP-CP
90=4x/5+(900-X)5/4-900
X = 300 = Lower priced bangle set = Rs.300
183.A book shop owner wants to sell his old edition books(Total No: 40). If he sells
them at Rs. 148 per book, he would be able to sell all the books. But for every
Rs.8 increase in price of the book, he will be left with one extra unsold book.
Assuming that unsold books remain with him. If he wants to maximise his
profit, then how many unsold books remain with him?
A. 12
B. 11
C. 10
D. 9
E. 8
Answer – B. 11
Explanation :
From options
unsold books = 12 -> (12*8 = 96); CP per book = 148 + 96 = 244 ; Revenue = 244 * 28 =
6832
6844
6840
184.Akshay sells an article for Rs 500 and earned some profit. The profit of that
article is equalled to the ten times of the loss incurred when it is sold for Rs.225.
If he wants to make a profit of 30%, then what will be the Selling Price?
A. 350
B. 370
C. 375
D. 325
Answer – D. 325
Explanation :
Selling price of an article = Rs 500; Let the cost price of the article = x
Profit = Rs (500 – x)
Selling price of the article = Rs 225; Loss = Rs (x – 225)
⇒ (500 – x) = 10 (x – 225)
⇒ 500 – x = 10x – 2250
⇒ 11x = 2750
⇒ x = 250
The cost prise of the article = Rs 250; Profit = 30%
Selling price = 250 x (100 + 130) / 100 = 325
185.A Vendor sells apples at a certain price in order to make a profit of 30%. If he
charges Rs. 1.5 higher per apple he would get a profit of 60%. Find the original
price at which he sold an apple?
A. Rs. 3.75
B. Rs. 4.25
C. Rs. 4.85
D. Rs. 3.25
E. None of these
Answer – A. Rs. 3.75

Explanation :
CP of an apple = Rs. x
Profit = 30%
SP = Rs. 1.30x
If SP = x + Rs.1.5
Profit = 60%
1.60x = x + 1.5 or x = Rs. 2.5
Hence, Original SP = Rs 1.5x = Rs. 3.75
186.Aaradhana buys rice at Rs.10/kg and sell it in order to earn a profit of 40%.
However, her faulty balance shows 1000gm when it is actually 800gm. What is
her actual gain percentage?
A. 35%
B. 70%
C. 75%
D. 25%
Answer – C. 75%
Explanation :
Let price of 1 kg rice = Rs.10.
CP of 800 gm rice = Rs.8.
She wants to earn a profit of 40% on per Kg
SP = 10 + 40% of 10 = Rs. 14 per kg.
Faulty balance shows 800 gm = 1000 gm (1 kg)
She sells 800 gm for Rs.14.
Profit = 14 – 8 = Rs. 6.
Profit(%) = 6/8 * 100 = 75%.
187.Mr. Richard bought two pens which together cost him Rs.440. He sold one of
the watches at a loss of 20% and the other one at a gain of 40%. The selling
price of both watches are same. Then find out the cost price of both watches.
A. Rs.150 and Rs.290
B. Rs.140 and Rs.300
C. Rs.170 and Rs.270
D. Rs.160 and Rs.280
Answer – D. Rs.160 and Rs.280

Explanation :
80/100 * x = 140/100 * y
x = 7/4y
x + y = 440
7/4 y + y = 440
y = 160 ; x = 280
188.A toy is sold for Rs.336, if the % of profit is equal to cost price, then find CP ?
1.137
2.140
3.135
4.120
5.None of these
Answer – 2.140
Explanation :
(100+x)% of X = 336
100x+x2 = 33600
x2 +100x – 33600 = 0
(x+240x)(x-140x) =0
X = 140
189.Shopkeeper purchased some goods for Rs.900 and sold one-third of the goods at
a loss of what 12%, then at gain % should the remainder goods he sold to gain
18% profit on the whole transaction ?
1.31%
2.26%
3.33%
4.18%
5.None of these
Answer – 3.33%
Explanation :
1/3rd at 12% loss = 900/3 =300*88/100 =264
900*18/100 = 108 => 600+162+36 = 798
198/600 *100 = 33%
190.A bought ‘X’ quantity of pencils for Rs.500 and he sold 2/5 part for 5% loss and
at which percent he must sell his rest of the quantity so that he would gain
overall 10% profit ?
1.10%
2.20%
3.17%
4.15%
5.None of these
Answer – 2.20%
Explanation :
500*2/5 = 200
5%L = 200*95/100 = 190
500+10+(500*10/100) = 510+50 = 560
60/500 * 100 = 20%
191.A dealer marked the price of an item 20% above cost price. He allowed two
successive discounts of 10% and 25% to a customer. A a result he incurred a
loss of Rs.684. At what price did he sell the item to the customer ?
1.1670
2.2768
3.1817
4.2916
5.None of these
Answer – 4.2916
Explanation :
CP = 100
MP = 120
120*90/100 = 108; 108*75/100 = 81
Loss = 100 – 81 = 19%
CP = 100/19*684 = 3600
SP = 3600*81/100 = 2916
192.A man gains 15% by selling an article for a certain price. If he sells it at double
the price, then the % of profit will be
1.130%
2.115%
3.30%
4.40%
5.None of these
Answer – 1.130%
Explanation :
CP = 100, 15% GAIN = 115
SP = 230
P = 230-100 = 130
% = 130%
193.A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%.
He tell the shopkeeper to reduce the price of mobile to such an extent that has to
pay Rs.3500, inclusive of all taxes. Find the reduction price.
1.Rs.210
2.Rs.260
3.Rs.320
4.Rs.140
5.None of these
Answer – 2.Rs.260
Explanation :
3500*100/108 = 3240
3500-3240 = 260
194.An item was bought at Rs. X and sold at Rs.Y, thereby earning a profit of 15%.
Had the value of X been 15% less and the value of Y been Rs.52 less, a profit of
20% would have been earned, What was the value of X ?
1.650
2.800
3.400
4.350
5.None of these
Answer – 3.400
Explanation :
x(1.15)=y———–1
x(0.85)(1.2)=y-52——————-2
Sub 1 in 2, and solve x
(1.15)x-(1.02)x=52
(0.13)x=52
x=400
195.An article passing threw two hands, is sold at profit of 40 % at the original price
, if the first dealer makes a profit of 15 % , then the profit made by second
dealer.
1.25%
2.26%
3.18%
4.22%
5.None of these
Answer – 4.22%
Explanation :
Total Profit = [P1 + P2 +(P1*P2/100)] 40 = 15 + P2 + (15*P2)
25-p2 = 15P2/100
2500 = 15p2+100p2
P2 = 2500/115 = 21.7% = 22%
196.A boy sells a Radio to B at a 10 % loss, B sells it to C at 25 % gain and C sells it

to D at a loss of 8 %, if D pays Rs 1625 for it then how much does A pay for.
1.Rs.1620
2.Rs.1560
3.Rs.1570
4.Rs.1760
5.None of these
Answer – 3.Rs.1570
Explanation :
Cost price of A = 1625*[(100*100*100)/(90*125*92)] = 1570
197.What is the maximum % discount that a man can offer on her MP so that he
ends up selling at no profit or loss, if he had initially marked his goods up by
35% (approximately)?
1.20%
2.32%
3.27%
4.30%
5.None of these

Answer – 4.26%
Explanation :
35-x-(35*x/100) = 0
3500/100 –(100x+35x/100) = 0
35 = 135/100
X = 35*100/135 = 25.9 = 26%
198.A tradesman marks the price of his goods such that after allowing a discount of
25%, he earns a profit of 40%. What is the marked price of an article whose
cost price is Rs.180?
A.285
B.336
C.358
D.375
E.390
Answer – B.336
Explanation :
S.P = (100+profit%)*cp /100 = 140*180/100 = 252
M.P – 25% of M.P = SP
X – 25/100 X = 252
X = 336
199.Sriram purchased 40 dozen notebooks at Rs. 50 per dozen. He sold 10 dozens of

it at 15% profit and the remaining 30 dozens at 25% profit. What is his
percentage profit in the whole transaction?
A.18.8%
B.20%
C.22.5%
D.25%
E.28.5%
Answer – C.22.5%
Explanation :
C.P = 4*50 = 2000
S.P = 10*50*115 /100 + 30*50*125/100 = 2450
Profit = 2450- 2000 = 450
Profit% = 450/2000 * 100 = 22.5
200.A dealer marked the price of an item 20% above cost price. He allowed two
successive discounts of 20% and 25% to a customer. As a result he incurred a
loss of Rs.812. At what price did he sell the item to the customer?
A.1875
B.2088
C.2155
D.2258
E.None of these
Answer – B.2088
Explanation :
CP = 100
MP = 120
120*80/100 = 96; 96*75/100 = 72
Loss = 100 – 72 = 28%
CP = 100/28*812 = 2900
SP = 2900*72/100 = 2088
201.An item was bought at Rs. X and sold at Rs.Y, thereby earning a profit of 20%.
Had the value of X been 15% less and the value of Y been Rs.60 less, a profit of
20% would have been earned, What was the value of Y ?
A.350
B.400
C.450
D.500
E.None of these
Answer – B.400
Explanation :
x(1.2)=y———–1
x(0.85)(1.2)=y-60——————-2
Sub 1 in 2, and solve y
Y=400
202.A vendor sold two magazines namely A and B. He sold magazine ‘A’ at a loss of
30% and magazine ‘B’ at a profit of 35% but finally there is no loss or no gain.
If the total Selling price of both magazines is Rs.572. Find the difference
between the Cost Price of Magazine ‘A’ and ‘B’?
A.Rs. 32
B.Rs. 44
C.Rs. 56
D.Rs. 62
E.None of the Above

Answer – B.Rs. 44
Explanation :
30% of x = 35% of y ; x + y = 572
x/y = 7/6
Difference = Rs.44
203.A man buys some quantity of rice for Rs 5100. He sells one third of it at a profit
of 10%. At what percent gain should he sell the remaining two-third so as to
make an overall profit of 20% on the whole transaction?
A.10%
B.15%
C.20%
D.25%
E.None of these
Answer – D.25%
Explanation :
10………………….X
…………20……………
x-20…………….10
1:2
X=25
204.Ravi found that he had made a loss of 10% while selling his smartphone. He
also found that had he sold it for Rs.100 more, he would have made a profit of
10%. The initial loss was what percentage of the profit earned, had he sold the
smartphone for a 10% profit ?
A.100%
B.118%
C.75%
D.85%
E.None of the Above
Answer – A.100%
Explanation :
Profit= 10%
10% of CP = Rs. 100
CP = Rs. 1000
Now, Loss% = 10%
Loss =Rs. 100
Required % = (100/100)*100 = 100%
205.A, B and C invests rupees 8000, 12000 and 10000 respectively in a business. At
the end of the year the balance sheet shows a loss of 40% of the initial
investment. Find the share of loss of B.
A.4000
B.4500
C.4800
D.5000
E.None of these
Answer – C.4800
Explanation :
Total loss after one year = 30000*40/100 = 12000
share of B = (40/10)*12000 = 4800
206.Deepika buys two bangle set for a total cost of Rs. 600. By selling one bangle set
for 4/5 of its cost and the other for 5/4 of its cost, She makes a profit of Rs. 96 on
the whole transaction. The cost of the lower priced bangle set is?
A.Rs. 360
B.Rs. 320
C.Rs. 150
D.Rs. 120
E.None of these
Answer – D.Rs. 120

Explanation :
CP of 1st bangle set = x
CP of 2nd bangle set = 600-x
SP of 1st bangle set = 4x/5
SP of 2nd bangle set=(600-X)5/4
Profit=SP-CP
96=4x/5+(600-X)5/4-600
X = 120
Shortcut:
-20…………………25
………….16…………………
9………………………36
1:4
5 = 600
1 = 120
207.A milkman buys some milk. If he sells it at rupees 10 a litre, he losses 400 rupees
but when he sells it at 12 a litre, he gains 800 rupees. How much milk did he
purchase?
A.400 litre
B.550 litre
C.600 litre
D.800 litre
E.None of these
Answer – C.600 litre

Explanation :
10x=s-400
12x=s+800
2x=1200
X=600
208.Arun went to buy an Android mobile, the shopkeeper told him to pay 20% tax if
he asked the bill. Arun manages to get the discount of 5% on the actual sale
price of the mobile and he paid the shopkeeper Rs. 8550 without tax. Besides he
manages to avoid to pay 20% tax on the already discounted price, what is the
amount of discount?
A.2685
B.2636
C.2250
D.2675
E.2690
Answer – C.2250
Explanation :
CP = 100, SP (with tax) =120
New SP = 100 – 5 = 95
Discount = 120 – 95 = 25
Discount = 25/95 * 8550 = 2250
209.Cost Price of two mobiles is same. One is sold at a profit of 20% and the other
for Rs. 5200 more than the first. If the net profit is 40%. Find the cost price of
each mobile?
A. Rs. 13000
B. Rs. 12000
C. Rs. 16000
D. Rs. 12500
E. None of these

Answer – A. Rs. 13000
Explanation:
CP of each mobile be Rs.x then
(2 x 1.20 x x) + 5200 = 2 x 1.4 x N
⇒ 0.4 x = 5200
∴ N = 13000
210.Rahul sells his laptop to Ravi at a loss of 20% who subsequently sells it to
Suresh at a profit of 25%. Suresh after finding some defect in the laptop,
returns it to Ravi but could recover only Rs.4.50 for every Rs. 5 he had paid.
Find the amount of Suresh’s loss if Rahul had paid Rs.50,000 for the laptop ?
A. Rs.6000
B. Rs.7000
C. Rs.2000
D. Rs.5000
E. None of these

Explanation :
0.50/5 * 50,000 = 5000
211.A reduction of 20% in the price of sugar enables a housewife to purchase 6 kg

more for Rs. 240. What is original price per kg of sugar?
A. Rs.10 per Kg
B. Rs.8 per Kg
C. Rs.6 per Kg
D. Rs.5 per Kg
E. None of these
Answer – A. Rs.10 per Kg

Explanation :
Explanation:
Reduction in price = 1/5 = 20%
Increase in Quantity = 25%
25% = 6 Kg.
original amount of Sugar = 6*4 = 24Kg.
Original price of the sugar = 240/24 = Rs. 10 per kg.
212.A Bike is available at 40% discount at show room “A” and the same is available
at only 25% discount at show room “B”. Mr. Arun has just sufficient amount of
Rs. 60,000 to purchase it at show room “A”. What is the amount that Mr. Arun
has less than the required amount to purchase it at that show room “B”?
A. Rs. 70000
B. Rs. 50000
C. Rs. 10000
D. Rs. 15000
E. None of these

Explanation :
Let the marked price be x.
Cost price (CP) = 40 % discount on MP = 0.6y = 60000
⇒ y= Rs.100000 MP
SP at Show Room “A” = Rs. 60000
SP at Show Room “B” = 100000 X 0.75 = 75000; Difference = 15000
213.Person A sold his car to Person B at a profit of 20% and B sold it to C at a profit
of 10%. Person C sold it to mechanic at a loss of 9.09%. Mechanic spent 10% of
his purchasing price and then sold it at a profit of 8.33% to Person “A” once
again. What is the loss of person “A”?
A. 23%
B. 29%
C. 50%
D. 40%
E. None of these
Answer – A. 23%
Explanation :
A:
CP = 100
SP = 120
B:
CP = 120
SP = 132
C:
CP = 132
SP = 120
Mechanic:
CP = 120 + 12 = 132
SP = 143
Loss of A = 143 – 120 = 23
% loss of A = (23 / 100) x 100 = 23%
214.A and B are two partners and they have invested Rs. 54,000 and Rs. 90,000 in
business. After one year A received Rs 1200 as his share of profit out of total
profit of Rs. 4200 including his certain commission on total profit since he is a
working partner and rest profit is received by B. What is the commission of A
as a percentage of the total profit?
A. 1200
B. 1100
C. 1500
D. 1250
E. None of these
Answer – A. 1200
Explanation :
Explanation:
Ratio of profit of A : B (excluding commission of A) = 54000 : 90000 =>3 : 5
Now the share of profit of B = 4200 – 1200 = Rs. 3000
So the share of profit A (excluding commission) = Rs. 1800
So the commission of A = 3000 – 1800 = 1200
215.A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He
spent Rs. 500 on transportation and packing. If the marked price of pen drive is
Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked
price then what will be the percentage profit gained by the shopkeeper?
A. 4.5%
B. 5.5%
C. 3.8%
D. 1.2%
E. None of these
Answer – C. 3.8%
Explanation :
C.P. of 150 calculators = 150 x 500 = Rs. 75000
∴ Total C.P. = 75000 + 500 = Rs. 75500
Marked price of 150 calculator = 150 x 570 = Rs. 82500
Selling price after discount = 82500 x 95 / 100 = Rs. 78375
∴ percentage profit = [(78375 – 75500) / 75500] x 100 = 3.8%
216.A vendor has two types of grapes. One is the fresh grapes containing 80% water
and dry grapes containing 25% water. He sells 20 kg dry grapes, by adding
water to the dry grapes, at cost price. What is the total profit percentage when
after adding water the weight of 20 kg dry grapes increase in the proportion of
water in fresh grapes?
A. 265%
B. 200%
C. 280%
D. 275%
E. None of these
Answer – D. 275%
Explanation :
Fresh grapes
Water: Pulp = 80% : 20% = 4 : 1
Dry grapes
Water: Pulp = 25% : 75% = 1 : 3
So out of 20 kg dry grapes, Water : Pulp = 5 kg : 15 kg
After adding of water the ratio of water : pulp is same as the fresh grapes = 4 : 1
After adding water the quantity of Water and Pulp are 60 kg and 15 kg respectively.
% = 55/20 * 100 = 275%
217.Pinkey and Shalini invested some amount of money in the ratio of 3:5 for the
same period in the business. They decided that at the end of the year 20% profit
was to be given to an organization as a donation. Out of the remaining, 75%
was to be reinvested and the rest of the profit was to be divided as interest on
their capitals. If the difference in their share is Rs. 2400. What is the total
profit?
A. 49800
B. 49400
C. 48000
D. 49500
E. None of these
Answer – C. 48000
Explanation :
Let the total profit = 100
Amount left after donation = 50
Amount left after reinvestment = 20
Now, 5x/8 – 3x/8 = 2400
⇒ 2x/8 = 2400 = 9600
⇒ 1/5 of y = 9600 => y = 48000
218.The profit earned after selling an article for Rs. 1680 is the same as the loss
incurred after selling the article for Rs. 1512. What is the cost price of the
article?
A.Rs.1602
B.Rs.1912
C.Rs.1200
D.Rs.1596
E.None of these
Answer – D.Rs.1596
Explanation :
CP = x
1680 – x = x – 1512
2x = 3192
x = 1596
219.Arun sells an article at 20% profit to Bala, Bala sells it to Catherine at 10%
profit. Catherine sells it to Dinesh at Rs. 16 profit. The difference between the
cost price of Dinesh and cost price of Arun was Rs. 500. How much did Bala pay
to Arun for the article?
A. Rs.1350
B. Rs.1815
C. Rs.1650
D. Rs.1750
E. None of these
Answer – B. Rs.1815
Explanation:
Cost Price of Arun = 100x
Cost Price of Bala = 120x
Cost Price of Catherine = 132x
Cost Price of Dinesh = 132x + 16
132x + 16 – 100x = 500
32x + 16 = 500
32x = 484
x = 484/32 = 15.125
Cost Price of Bala =120x = 120 * 15.125 = 1815
220.Rahul purchased an article for Rs. 8400 and sold it for a loss of 5%. From that
money he purchased another article and sold it for a gain of 5%. What is the
overall gain or loss?
A. Profit of Rs.21
B. Profit of Rs.24
C. Loss of Rs.21
D. Loss of Rs.24
E. None of these
Answer – C. Loss of Rs.21

Explanation :
CP = 8400
SP = 8400 * 95/100 = 7980
CP = 7980
SP = 7980 * 105/100 = 8379
Difference = 8400 – 8379 = 21
221.A Shop Keeper sells two bags for Rs. 500 each. On one, he gets 14% profit and
on the other he gets 14% loss. His profit or loss in the entire transaction was?
A. 64/25 % Gain
B. 49/25 % Gain
C. 64/25 % Loss
D. 49/25 % Loss
E. None of these
Answer – D. 49/25 % Loss

Explanation :
%=x
Loss % = x²/100 = 196/100 = 49/25%
222.A Shopkeeper bought 30 kg of rice at the rate of Rs. 40 per kg. He sold 40% of
the total quantity at the rate of Rs. 50 per kg. At what price per kg should he
sell the remaining quantity to make 25% overall profit?
A. Rs.54
B. Rs.50
C. Rs.40
D. Rs.30
E. None of these
Answer – B. Rs.50
Explanation :
Total CP of Rice = 30 * 40 = 1200
40% of Total Quantity = 40% of 30 = 12
SP = 12*50 = 600
SP = 1200 * 125/100 = 1500
SP of Remaining Quantity = 1500 – 600 = 900
Remaining Quantity = 18kg
Rice per Kg = 900/18 = Rs. 50
223.If the Cost Price of 25 articles is equal to the Selling Price of 20 articles, then
what is the gain %?
A. 25%
B. 29%
C. 50%
D. 40%
E. None of these
Answer – A. 25%
Explanation :
Gain % = (5 / 20) x 100 = 25%
224.A TV was purchased for Rs. 54000. Its price was marked up by 40%.It was sold
at a discount of 20% on the marked price. What was the profit percent of the
cost price?
A. 10%
B. 11%
C. 15%
D. 12%
E. None of these
Answer – D. 12%
Explanation :
Explanation:
40 – 20 + [40 * (-20)/100] = 20 – 8 = 12%
225.A shopkeeper sold a smartphone for Rs.15000. Had he offered discount of 10%
on the Selling Price, he would have earned a profit of 8%. What is the Cost
Price of that Smartphone?
A. 11300
B. 11500
C. 12500
D. 12300
E. None of these
Answer – C. 12500
Explanation :
S.P of Smart Phone = Rs.15000
Discount = 10%
New SP = 15000 – 1500 = Rs. 13500
Profit = 8%
CP = 13500 * 100/108 = 12500
226.Pinkey sold a machine to Shalini at a profit of 30%. Shalini sold this machine to
Arun at a loss of 20%. If Pinkey paid Rs.5000 for this machine, then find the
cost price of machine for Arun?
A. 6200
B. 5200
C. 4800
D. 4750
E. None of these
Answer – B. 5200
Explanation :
R1 = 30% R2 = 20%
5000 * 130/100 * 80/100 = Rs. 5200
227.A merchant earns a profit of 20% by selling a basket containing 80 Oranges

whose cost is Rs.240 but he gives one-fourth of it to his friend at cost price and
sells the remaining oranges. In order to earn the same profit, at what price must
he sell each orange?
A. Rs. 4.80
B. Rs. 4.90
C. Rs. 3.80
D. Rs. 4.50
E. None of these
Answer – C. Rs. 3.80

Explanation :
CP of 80 Oranges = Rs.240
CP of 1 Orange = Rs.3
CP of 20 Oranges = Rs.60
120% of 240 = 288
SP of remaining 60 Oranges = 288 – 60 = 228
SP of 1 Orange = 228/60 = Rs.3.80
228.A retailer sold 12 notes at a profit of 20% and 8 notes at a profit of 10%. If he
had sold all the 20 notes at a profit of 15%, then his profit would have been
reduced by Rs.36. What is the cost price of each note?
A.Rs.160
B.Rs.190
C.Rs.120
D.Rs.180
E.None of these
Answer – D.Rs.180
Explanation :
Cost Price = x
Total Profit = 12x * 20/100 + 8x * 10/100 = 32x/100 = 3.2x —(i)
Total Profit = 20x * 15/100 — (ii)
3.2x – 3x = 36
0.2x = 36
x = 180
229.The profit Percentage on 3 bikes are 15%, 35% and 10% and the ratio of CP is
5:3:1. Also the ratio of the Bike sold of P, Q and R is 2:3:5. Then the overall
approximate Profit Percentage is?
A. 19%
B. 20%
C. 16%
D. 21%
E. None of these
Answer – D. 21%
Explanation:
5x * 2y + 3x * 3y + x * 5y = 24xy
Total Profit = (5x*2y*15/100)+(3x*3y*35/100)+(x*5y*10/100)
= 515xy/100
= 5.15xy
Overall Profit Percentage = 5.15xy * 100/24xy = 21.46%
230.When a shopkeeper reduces the selling price of an article from 1180 to 1126 his
loss increases by 5% . What is the cost price of article?
A. 1050
B. 1060
C. 1070
D. 1080
E. None of these
Answer – D. 1080
Explanation :
5% of CP = 1180 – 1126
CP = 54 * 100 / 5 = 1080
231.A and B, there are two companies, selling the packs of cold-drinks. For the same
selling price A gives two successive discounts of 10% and 25%. While B sells it
by giving two successive discounts of 15% and 20%. What is the ratio of their
marked price?
A. 143 : 144
B. 19 : 11
C. 136 : 135
D. 73 : 77
E. None of these
Answer – C. 136 : 135

Explanation :
A = 90/100*75/100
= .675
B = 85/100*80/100
= .68
680:675
136:135
232.A reputed company sells a wrist watch to a wholesaler making a profit of 10%.
The wholesaler, in turn, sells it to the retailer making a profit of 10%. A
customer purchases it by paying Rs. 990. Thus the profit of retailer is 2(3/11)%
What is the cost incurred by the the company to produce it?
A. 700
B. 600
C. 800
D. 900
E. None of these
Answer – C. 800
Explanation :
x*110/100*110/100*(100 + 25/11)/100 = 990
x = 800
233.A and B both are dealers of Honda Motorcycles. The price of an used Honda
Motorcycle is Rs.28,000. A gives a discount of 10% on whole, while B gives a
discount of 12% on the first Rs. 20,000 and 8% on the rest Rs. 8000. What is the
difference between their selling prices?
A. Rs.240
B. Rs.420
C. Rs.640
D. Rs.740
E. None of these
Answer – A. Rs.240
Explanation :
Discount offer by A = 10 % of 28000 = 2800
Total Discount offer by B = 12% of 20,000 + 8% of 8000 = 3040
Required difference = 3040 – 2800 = 240
234.The profit percentage of P and Q is same on selling the articles at Rs. 1800 each
but A calculates his profit on the selling price while Q calculates it correctly on
the cost price which is equal to 20%. What is the difference in their profits?
A. 40
B. 50
C. 60
D. 70
E. None of these
Answer –C. 60
Explanation :
Explanation:
Profit(Calculated on SP) = 20% of 1800 = 360
Profit(calculated on CP)
x + x/5 = 1800
x = 1500
Profit = 300
Difference = 360 – 300 = 60
235.A person sold a pen at Rs. 96 in such a way that his percentage profit is same as
the cost price of the watch. If he sells it at twice the percentage profit of its
previous percentage profit then new selling price will be?
A. Rs.132
B. Rs.150
C. Rs.192
D. Rs.180
E. None of these

Answer – A. Rs.132
Explanation :
CP = x
Profit Percentage = x%
SP = x(100 + x)/100
x(100 + x)/100 = 96
x = 60
Profit Percentage = 60%
New SP = 60 * 220 / 100 = 132
236.A trader mixes 25% of solution A to his Solution B and then he sells the whole
mixture at the price of Solution B. If the cost price of Solution A be 50% of the
cost price of Solution B, what is the net profit percentage?
A. 100/3%
B. 200/7%
C. 100/9%
D. 200/3%
E. None of these
Answer – C. 100/9%
Explanation :
Quantity of Solution B = 100 litre
Quantity of Solution A = 25 litre
CP of 1 litre Solution B = Rs.10
CP of 1 litre Solution A = Rs.5
CP = 100 * 10 + 25 * 5 = 1125
SP = (100 + 25)*10 = 1250
Profit = 1250 – 1125 = 125
% = 125 * 100 / 1125 = 100/9%
237.A scientist mixes 10% water in his solution but he is not content with it so he
again mixes 10% more water in the previous mixture. What is the profit
percentage of the scientist if he sells it at cost price:
A. 15%
B. 21%
C. 18%
D. 16%
E. None of these
Answer – B. 21%
Explanation :
Let Initial Quantity of Solution = 100 litre
After mixing 10% water, Quantity of the mixture = 110 * 110 / 100 = 121 litre
CP of One litre of Solution = Rs.1
Total CP = Rs.100
Total SP = Rs.121
Profit = 121 – 100 = 21
Profit % = 21 * 100/100 = 21%
238.Rahim went shopping to buy a Mobile, the shopkeeper asked him to pay 18%
Tax if he wants a bill. If not you can get 7% discount on the actual price of the
mobile. Then Rahim decided not to take the bill and paid Rs. 4650. By this how
much money could Rahim saved on purchasing mobile?
1. Rs.250
2. Rs.350
3. Rs.650
4. Rs.850
5. Rs.1250
Answer – 5. Rs.1250
Explanation:
SP*93/100 = 4650
SP = 5000
Including tax= 5000+900 = 5900
Saving = 5900-4650 = 1250
239.A seller bought 2750 Mangoes and 1210 Apples at the same price. He sells in
such a way that he can buy 406 Mangoes with the sale of 322 Mangoes and he
can buy only 289 Apples with the sale of 391 Apples. Then what is the overall
profit percentage made by him?
1. 0%
2. 2%
3. 5%
4. 6%
5. 10%
Answer – 1. 0%
Explanation:
Cost of 2750 Mangoes = 1210 Apples
Total cost = 2420 Apples
Given: 406 = 322(100+x/100)
x = 6/23%
Given: 289 = 391(100+y/100)
y = 6/23% loss
Overall profit:
2750 Mangoes*(100+6/23/100) +1210 Apples*(100-6/23/100) = 2420*Apples
(100+P/100)
1210 Apples*(100+6/23/100) +1210 Apples*(100-6/23/100) = 2420*Apples
(100+P/100)
P = 0%
240.Aryan sold a repair mobile to Bhaskar at a profit of 30% and Bhaskar sold it to
Chandu at a profit of 20%. Chandu sold it to Dinesh at a loss of 23.07%. Dinesh
repaired the mobile by spending 5% of his purchasing price and then sold it
again to Aryan at a profit of 3.17%.Then what is the loss of Aryan?
1. 5%
2. 10%
3. 15%
4. 20%
5. No Loss No Profit
Answer – 5. No Loss No Profit

Explanation :
Aryan
Let CP = 100
SP = 130
Bhaskar = 156
Chandu = 120
Dinesh = 126+3.17% = 130
Aryan = 130-130 = 0
241.The ratio selling prices three articles A, B, and C is 29:27:32., the ratio of
percentage profit is 4:2:5, respectively. If the cost price of article A is equal to B
and the cost price of article C is Rs. 480. Then what is the overall gain?
1. 10%
2. 12%
3. 15%
4. 18%
5. 19%
Answer – 3. 15%
Explanation :
29y/27y = (100+4x/100+2x)
x=4
% are 16%,8%,20%
32y = 480(120/100)
y =18
SP’s are 522,486,576
CP of A
29*18 = CP (116/100)
CP =450
CP’s are 450,450 and 480
Overall gain =
1584 =1380(100+g/100)
g =15%
242.Swati went shopping to buy a watch with some money. She selected a watch,
which is marked Rs.400 higher price than the money she had. But shopkeeper
gave two successive discounts of 10% and 15% respectively on the marked price
of the watch. Then she could buy that watch and also another watch worth
Rs.540 with all the money she had. Then what is the marked price on the first
watch?
1. Rs.3060
2. Rs.3600
3. Rs.4000
4. Rs.4200
5. Cannot be determined
Explanation :
(x+400)*90/100*85/100+540 =x
x = 3600
MP = 3600+400 = 4000
243.A trader sells Rice to a customer at a profit of x% over the cost price, besides if
he cheats his customer by giving 950 g instead of 1Kg. Thus his overall
percentage is 20%. Then what is the value of x?
1. 10
2. 12
3. 14
4. 15
5. 20
Answer – 3. 14
Explanation :
1000*(100+x/100) = 950*120/100
x = 14%
244.A trader sells two varieties of Rice A and B. He Mixes 12 Kg of A with 16 kg of
B, and by selling this mixture at price of B Rice he gets 20% profit. If the price
of A variety Rice is Rs.66/Kg, then what is the price of B variety /Kg.
1. Rs.72
2. Rs.84
3. Rs.96
4. Rs.108
5. None
Answer –4. Rs.108

Explanation :
Explanation:
120/100*(12*66+16B) = 28*B
B = 108
245.Akash bought a Sopha for Rs. 50,000. After one year he sold it to Bhuvan at
10% less of his cost price. Bhuvan spends extra Rs.600 for its repair. And
offered Sopha to Charan for Rs.X. Charan requested to get a discount of 15%
on that price. But Bhuvan gave him two successive discounts of 10% and 5%
instead of 15%.By this Bhuvan got Rs.300 more from Charan. What is the
profit % of Bhuvan?
1. 10%
2. 12.5%
3. 15%
4. 20%
5. None
Answer – 2. 12.5%
Explanation :
x*(90/100*95/100 – 85/100) = 300
x =60,000
Now Charan purchased for 60,000*90/100*95/100 = 51300
Bhuvan CP =45000+600 =45600
51300 = 45600*(100+p/100)
p = 12.5%
246.A mobile of Rs.8000 was offered 20% discount on Diwali by Flipkart. Shriya
availed the offer and she got additional 10% by paying through Debit card.
After that, she spent 10% of the purchased price for buying Screen guard and
Back Cover. At what price she should sell to Sravani the Mobile (with screen
guard and Back Cover)to incur a loss of 25%?
1. 4752
2. 5140
3. 5422
4. 5760
5. None
Answer – 1. 4752
Explanation :
Solution:
8000*80/100*90/100 = 5760
Back cover+screen guard =576
Total = 6336
Sravani = 6336*75/100 = 4752
247.The ratio selling prices three articles A, B, and C is 19:25:27., the ratio of
percentage profit is 7:10:4, respectively. If the cost price of article A and B is
400 and 500 respectively. Then what is the total Selling price of all three
articles?
1. Rs.1644
2. Rs.1674
3. Rs.1694
4. Rs.1704
5. None
Explanation :
400*(1+7x/100)/ 500*(1+10x/100) = 19/25
x=2
Profit percentages = 14%, 20% and 8%
19*y = 400*114/100
y = 24
Total SP = (19+25+27)*24 = 1704
*END*

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Chapter: – Profit And Loss (Part-2)

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Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

132.An article is marked at Rs 1500. A customer gets a discount of 20% on it. If he

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

139.A trader gives an additional concession of 35% on an article which is already

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

143.A company declared 20 percent discount on its garments. Rakesh bought

Answer & Explanation

Answer & Explanation

145.If a discount of 15 percent is given on an article then the shopkeeper make a

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer – c) loss 6.25%

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer – c) profit 200/11 %

155.Rohit bought an article at 25 percent discount on labelled price. He again sells

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

159.A trader buys 1260 kg of wheat. One-fourth of which he sells at a gain of 5

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer – d) 700 litre

Answer & Explanation

Answer & Explanation

Answer – b) 17% gain

Answer & Explanation

Answer –d) 25%

Answer & Explanation

Answer & Explanation

Answer & Explanation

Answer & Explanation

Profit & Loss (Part-2) Compiled by Gazi Salauddin

Profit & Loss (Part-2) Compiled by Gazi Salauddin