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Profit and Loss

Practice problems on profit, loss, discount, and marked price calculations

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

A tradesman marks his goods 50% above cost price. If he allows a discount of 20%, then find his gain percent.

  1. 50%
  2. 20%
  3. 30%
  4. 70%
  5. 60%
Question 2 Multiple Choice (Single Answer)

A fan is listed at Rs. 1050 with a discount of 20%. What additional discount must be offered to a customer to bring the net price to Rs. 800?

  1. 10%
  2. 4.76%
  3. 11%
  4. 8%
  5. 10.33%
Question 3 Multiple Choice (Single Answer)

A man bought a TV with 10% discount on the labelled price. Had he bought it with 20% discount, he would have saved Rs. 500. At what price did he buy the TV?

  1. Rs. 5625
  2. Rs. 9000
  3. Rs. 6750
  4. Rs. 4500
  5. Rs. 3240
Question 4 Multiple Choice (Single Answer)

The marked price of an article is 20% higher than the cost price. A discount of 20% is given on the marked price. In this kind of sale, the seller

  1. bears no loss, no gain
  2. gains 4%
  3. loses 4%
  4. loses 2%
  5. Cannot be determined
Question 5 Multiple Choice (Single Answer)

On an article with a marked price of Rs. 10000, a customer has a choice between three successive discounts of 10%, 20% and 10% and three successive discounts of 20%, 15% and 5%. By choosing the better offer, how much can he save?

  1. Re. 0
  2. Rs. 40
  3. Rs. 80
  4. Rs. 20
  5. Rs. 30
Question 6 Multiple Choice (Single Answer)

Find the difference between a discount of 20% on Rs. 1200 and two successive discounts of 15% and 5% on the same amount.

  1. Rs. 0
  2. Rs. 240
  3. Rs. 180
  4. Rs. 69
  5. Rs. 60
Question 7 Multiple Choice (Single Answer)

While selling a TV, a shopkeeper gives a discount of 10%. If he gives a discount of 12%, he earns Rs. 200 less as profit. Find the marked price of the TV.

  1. Rs. 8000
  2. Rs. 9000
  3. Rs. 11000
  4. Rs. 10000
  5. Rs. 12000
Question 8 Multiple Choice (Single Answer)

A discount series of 10%, 25% and 30% is equivalent to a single discount of

  1. 47.25%
  2. 52.75%
  3. 65%
  4. 70.28%
  5. 40%
Question 9 Multiple Choice (Single Answer)

If a commission of 10% is given on the marked price of a book, the publisher gains 50%. If the commission is increased to 20%, then find his gain%.

  1. 20%
  2. 33.33%
  3. 33%
  4. 30%
  5. 20.33%
Question 10 Multiple Choice (Single Answer)

If selling price is thriced, the profit will be four times. Find the profit percent.

  1. 100%
  2. 150%
  3. 200%
  4. 300%
  5. 250%
Question 11 Multiple Choice (Single Answer)

The percentage profit earned by selling an article for Rs. 3220 is equal to the percentage loss incurred by selling the same article for Rs. 2280. At what price should the article be sold to earn 20% profit?

  1. Rs. 3300
  2. Rs. 2400
  3. Rs. 2500
  4. Rs. 2000
  5. Rs. 3000
Question 12 Multiple Choice (Single Answer)

Abhi purchased 12 dozens of toys at the rate of Rs. 960 per dozen. He sold each one of them at the rate of Rs. 100. What was his percentage profit?

  1. 40%
  2. 30%
  3. 20%
  4. 25%
  5. 35%
Question 13 Multiple Choice (Single Answer)

Half a commodity is sold at 20% profit, ¼ is sold at 10% profit and the rest at 25% profit. If a total profit of Rs. 100 is earned, then find the value of the commodity.

  1. Rs. 550
  2. Rs. 450
  3. Rs. 533
  4. Rs. 535
  5. Rs. 553
Question 14 Multiple Choice (Single Answer)

A man purchases a certain number of apples at Rs. 7 and the same number of apples at Rs. 6. He mixes them together and sells them at Rs. 8. What is his gain or loss per cent?

  1. Gain 6%
  2. Gain 5.13%
  3. Loss 5.13%
  4. Loss 6 %
  5. Gain 7%
Question 15 Multiple Choice (Single Answer)

An agent buys a TV listed at Rs. 22000 and gets 10% and 20% successive discounts. He spends 10% of his CP on transport. At what price (in rupees) should he sell the TV to earn a profit of 20%?

  1. Rs. 15840
  2. Rs. 16632
  3. Rs. 20908.80
  4. Rs. 20900.80
  5. Rs. 20000.80
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