Profit, Loss and Discount

TOPIC - WISE PRACTICE QUESTION

1. BASIC QUESTIONS 7- A shopkeeper purchases suit case for Rs. 600.

1- Hari sold some things for Rs. 8900 and got the To get 5% profit he must sell the suit case for :
profit of Rs. 90 Find the CP of that things : (a) Rs. 850 (b) Rs. 620
(a) Rs. 8810 (b) Rs. 8990 (c) Rs. 630 (d) Rs. 650
(c) Rs. 8000 (d) Rs. 8910 8. By selling a car for Rs. 156600 a person
2- If CP is Rs.190. To get profit of Rs. 25 what suffers 13% loss. What was his loss in rupees?
will be the selling price of that thing? (a) 20358 (b) 23400
(a) Rs.175 (b) Rs.215 (c) 13624 (d) 18016
(c) Rs.205 (d) Rs.165 9- A shopkeeper buys 2 dozen brushes at the rate
of Rs. 10 per dozen. If he sold it Rs. 1 per
3- Mohan purchased a fridge for Rs.7000 and
brush what is the profit?
gaining the profit of Rs.115, he sold it. Find out
(a) Rs. 4 (b) Rs. 7
selling price of the fridge:
(c) Rs. 6 (d) Rs. 9
(a) Rs. 7115 (b) Rs. 7085
10. A man bought 60 oranges at the rate of Rs. 21
(c) Rs. 7015 (d) Rs. 7215
per dozen and sold it at the rate of Rs. 24 per
4- CP of a fan is Rs. 275 and selling price is Rs. dozen. He gains–
300. Find the profit or loss— (a) Profit of Rs. 3 (b) Profit of Rs. 15
(a) Loss of Rs. 40 (c) Loss of Rs. 15 (d) Profit of Rs. 180
(b) Profit of Rs. 15 11- The cost price of sleeper is Rs. 210. It was
sold at 10% loss, find the SP:
(c) Loss of Rs. 20
(a) Rs. 198 (b) Rs. 200
(d) Profit of Rs. 25
(c) Rs. 189 (d) Rs. 190
5- Price of a watch is Rs. 550 and it is sold for
12- 25 pens were bought for Rs. 300 and sold on
Rs. 770, what is the profit?
25% profit so what is the selling price of pen?
(a) Rs. 570 (b) Rs. 1320 (a) Rs. 15 (b) Rs. 375
(c) Rs. 220 (d) Rs. 340 (c) Rs. 315 (d) Rs. 20
6 Cost of an article is Rs. 25, what would be 13- At the rate of Rs.15 per dozen, 4 dozen
the selling price of that article for gaining 5% bananas were bought. On selling at the rate of
profit? Rs. 2 per banana. Find the profit or loss.
(a) Rs. 26-25 (b) Rs. 26-50 (a) Loss of Rs. 60 (b) Profit of Rs. 96
(c) Rs. 30 (d) Rs. 20 (c) Loss of Rs. 156 (d) Profit of Rs. 36
1. (a) 2. (b) 3. (a) 4. (d) 5. (c) 6. (a) 7. (c) 8. (b) 9. (a)
10.(b) 11. (c) 12. (a) 13. (d)
MAJOR KALSHI CLASSES PVT. LTD. 115
Arithmetic

14. Out of 3 shirts with the same price two were 20- A shopkeeper sells his product at 10% profit,
sold on 20% profit and third on 17% profit. if he sells on 20% profit he gains Rs. 270 extra,
The net profit was- what is CP?
(a) 18% (b) 18.5%
(a) Rs. 9000 (b) Rs. 8000
(c) 19% (d) 19.5% (c) Rs. 7500 (d) Rs. 2700
15. Shekhar purchased 8 old scooters at the rate
21- An almirah was sold at 16% profit. If he had
of Rs. 12000 each. He then spent Rs. 2000 on
sold it for Rs. 100 more then profit would be
each scooter for repairing and painting. At what
20%. What is the CP of almirah?
price should he sell each scooter in order to
make 25% on the money he spent? (a) Rs. 1500 (b) Rs. 2500
(a) 17500 (b) 15500 (c) Rs. 1800 (d) Rs. 2000
(c) 14000 (d) 17000 3. WHEN ANY ARTICLE SOLD
16- A bicycle was bought for Rs. 800. Rupees 150 MANY TIMES
were spent on extra charges. It was sold on 22. A sold an article to B At 20% profit and B sold
rupees 50 loss for some reason. What is the to C at 15% loss. If A sold it to C at the selling
selling price of bicycle? price of B, then A would make .
(a) Rs. 750 (b) Rs. 850 (a) 5% profit (b) 2% profit
(c) Rs. 900 (d) Rs. 1000 (c) 2% loss (d) 5% loss
2. WHEN ANY ARTICLE SOLD 23. A sells a cycle to B at a profit of 20% and B
TWO TIMES sells it to C at a loss of 25%. If C bought the
scycle for ` P, then the cost price of it for A
17. A sold a fan for Rs. 540 losing 10%. At what
price should he sold it to gain 10%? was.
(a) Rs. 660 (b) Rs. 648 1 9
(a) ` P (b) ` P
20 20
(c) Rs. 650 (d) Rs. 594
18. In selling an article for Rs. 76, there is profit of 9 10
(c) ` P (d) ` P
52%. If it is sold for Rs. 75, the profit 10 9
percent is 24. A manufacturer sells an article to a wholesale
(a) 50 (b) 44 dealer at a profit of 10%. The wholesale dealer
sells it to a shopkeeper at 20% profit. The
(c) 46 (d) 48 shop-keeper sells it to a customer for
19- Mohan bought a bag for Rs. 150. What is the Rs. 56,100 at a loss of 15%. Then the cost
selling price, if we gain 20% profit on it? price of the article to the manufacturer is
(a) Rs. 180 (b) Rs. 170 (a) Rs. 25,000 (b) Rs. 10,000
(c) Rs. 200 (d) Rs. 190 (c) Rs. 50,000 (d) Rs. 55,000

14. (c) 15. (a) 16. (c) 17. (a) 18. (a) 19. (a) 20. (d) 21. (b) 22.(b)
23.(d) 24.(c )
MAJOR KALSHI CLASSES PVT. LTD. 116
 Profit, Loss and Discount

4. EQUAL SELLING PRICE 6. RATE OF ARTICLE

25- A businessman sells 2 horse at same price each. 30. A vendor buys chikoos at 15 for Rs. 8 and
On first horse he gains 10% profit and second then sells at 10 for Rs. 6. What will be the
horse he gain 10% loss. In this deal what does result?
he find? (a) 12.5% gain (b) 11.11% loss
(c) 12.5% loss (d) 11.1% loss
(a) Profit of 1% (b) Loss of 1%
31. If 11 pencils are bought for Rs. 10 and are sold
(c) Profit of 2% (d) None of these
at the rate of 10 pencils for Rs. 11, then
26. A man sells two articles at Rs. 990 each. On profit is -
one he gets a profit of 10% and on the other he (a) 11% (b) 17%
loses 10%. His percentage of loss profit (c) 21% (d) 24%
will be -
32- A man bought 4 lemons for Rs. 5 and sold 5
(a) 2% Profit (b) 2% Loss lemons for Rs. 3 what is the effect on seller's
(c) 1% Profit (d) 1% Loss business?
5. CP OF x
IS EQUAL TO
(a) Loss of 20% (b) Profit of 20%
SP OF y
2
27- If selling price of 5 articles is equal to the cost (c) Profit of 16 % (d) Loss of 52%
3
price of 6 articles, then what is the profit on
each article? 7. DISCOUNT
(a) 20 % (b) 1 % 33. A company offers three types of successive
(c) 12 % (d) 24 % discounts:
28. By selling 60 meters of cloth, a merchant gains (i) 25% and 15%
as a profit the cost of 15 meters. His gain per (ii) 30% and 10%
cent is - (iii) 35% and 5%
(a) 25% (b) 20% Which of the following successive discounts is
(c) 33.33% (d) 22.5% better to a customer ?
29. On selling 33 meters of cloth, a man earned (a) First offer
money equal to the selling price of 11 meters
(b) Second offer
cloth. His profit is -
(c) Third offer
(a) 50% (b) 2 %
(c) 70% (d) 30% (d) Any one: all are equally good

25. (b) 26. (d) 27. (a) 28. (a) 29. (a) 30(a) 31. (c) 32. (d) 33. (c)

MAJOR KALSHI CLASSES PVT. LTD. 117

Arithmetic

34. Which of the following successive discounts is 38. The successive discounts of 20%, 10% and
better to a customer? 8% is equivalent to a single discount of
(a) 66.24% (b) 32.84%
(1) 20%, 15%, 10%
(c) 38% (d) 33.76%
(2) 25%, 12%, 8%
(a) (1) is better
(b) (2) is better 8. RELATION BETWEEN
(c) (1) or (2) (both are same)
(d) None of these CP, SP AND MP
35. Successive discounts of P% and q% on the 39. What price should a shop-keeper mark on an
catalogue price of an article is equivalent to a
article costing him Rs. 153 to gain 20% after
single discount of:
allowing a discount of 15%?
 xy 
(a)  x – y – 100  % (a) Rs. 162 (b) Rs. 184
 
(c) Rs. 216 (d) Rs. 224
 pq 
(b)  p – q – 100  % 40. The marked price of an article is 40% above
 
the cost price. The discount that may be
 pq 
(c)  p + q – 100  % allowed to make profit of 12%, is -
 

pq  (a) 52% (b) 28%


(d)  p + q + 100  %
  (c) 14% (d) 20%
36. If the shopkeeper sells an item at Rs. 2275 41. A dealer offered a machine for sale Rs. 27500,
which is marked as Rs. 3250, then what is the but even if had charged 10% less, he would he
discount he is offering? made a profit of 10%. The actual cost of the
(a) 30% (b) 20% machine is -
(c) 25% (d) 37.5% (a) Rs. 24250 (b) Rs. 22500
37. List price of a book is Rs. 100. A dealer sells (c) Rs. 22275 (d) Rs. 22000

three such books for Rs. 274.50 after allowing 42. A shop-keeper marks his goods 20% higher
discount at a certain rate. find the rate of than the cost price and allows a discount of
discount. 5% the percentage of his profit is -
(a) 8.33% (b) 8.16% (a) 10% (b) 15%
(c) 8.5% (d) 8.34% (c) 20% (d) 14%

34. (b) 35. (c) 36.(a) 37.(c) 38.(d) 39. (c) 40. (d) 41. (b) 42. (d)

MAJOR KALSHI CLASSES PVT. LTD. 118

 Profit, Loss and Discount

43. A shop-keeper allows a discount of 10% on 5

the marked price of a commodity which costs (a) 12 (b) 10
7
him Rs. 320. If in the transaction he makes a
profit of Rs. 49, what is the marked price of 2
(c) 9 (d) 9
the commodity? 7
(a) Rs. 369 (b) Rs. 405.90 47- On calculation on selling price a man realises
(c) Rs. 420 (d) None of these 20% profit. What is its real profit :–
9. SOME SPECIFIC 2 2
(a) 16 (b) 21
QUESTIONS 3 3
44. The profit earned by selling an article for Rs. (c) 24 (d) 25
48. A man buys milk at a certain price and after
752 is 1.2 times the loss incurred when the same
mixing it with water sells it again at the same
article was sold for Rs. 400. What is the C.P. price. How many ml of water he mixes in a litre
of the article? of milk if he makes a profit of 20%?
(a) Rs. 520 (b) Rs. 580 (a) 200 ml (b) 20 ml
(c) Rs. 560 (d) Data inadequate (c) 250 ml (d) 150 ml
45. By selling 12 oranges for Rs. 10, a man loses 49. A merchant has 120 kg. of rice. He sells a part
20%. How many oranges for Rs. 10, should of it at a profit of 10% and rest at a profit of
he sell to get a gain of 20%? 25%. He gains 15% on the whole quantity of
(a) 9 (b) 10 rice he sold at a profit of 25% is
(c) 7 (d) 8 (a) 50 kg. (b) 55 kg.
46- If the rate of cost price and selling price is (c) 40 kg. (d) 30
25 : 28 then the percentage of profit will be :



43. (d) 44. (c) 45. (d) 46. (a) 47. (d) 48. (a) 49. (c)

MAJOR KALSHI CLASSES PVT. LTD. 119