Profit & Loss -Part II

Questions and Answers

1.A trader buys two articles at the same price. He sold one article at 20% profit  and sold the other at 10% loss . Find his overall profit/loss percentage
a)10% loss         b)10% profit      c)5% loss      d)5% profit.

2.If a book is sold at 20% more than its usual price, an extra profit of Rs.120 would be made on it. find its usual selling price.
a)Rs.500        b)Rs.600      c)Rs.750      d)Rs.800

3.The loss made by selling 20 m of a cloth equals the cost price of 5 m of that cloth. Find the loss percentage
a)33 1/3%          b)25%       c)20%      d)40% 

4.The profit made by selling 30  m of a cloth equals the cost price of 6 m of that cloth. find the profit percentage
a)25%          b)20%       c)16 2/3%      d)30%

5.The profit made by selling 25 m of a cloth equals the selling price of 5 m of that cloth. find the profit percentage?
a)25%          b)20%       c)16 2/3%      d)30% 

6.The loss made by selling 16 m of a cloth equals the selling price of 4 m of that cloth. Find the loss percentage
a)15%          b)20%       c)33 1/3%      d)25%

7. A shirt was sold at a profit of Rs.50. If a trouser was sold at half the profit percentage and the cost price of the trouser is thrice that of shirt, find the profit made on the trouser (in.Rs.)
a)25        b)50      c)75      d)100

8.A trader wants to sell a watch at 25% profit. If its cost price was Rs.x more, an extra profit of Rs.50 would be made on it. find x(in Rs.)
a)100        b)125      c)150      d)200

9. Amar sold a camera at 20% profit to Bhavan. Bhavan sold it to Chetan at 30% loss. Chetan bought the camera for Rs.840. find the cost price of Chetan, had Amar sold the camera to Bhavan  at 30% loss and Bhavan sold it to Chetan at 20% profit (in Rs.)
a)1160        b)1080      c)840      d)720

10. A shopkeeper sold a toothpaste at a profit of 12.5%. His cost price was Rs.5 less than his selling price. find his cost price (in Rs.)
a)30        b)36      c)40      d)50

11. Rohit sold his bicycle at 4 %  profit. If he sold it for Rs.204 less, he would have made a 30% loss. What was his cost price(in Rs.)?

a)630        b)640      c)600      d)560

12. The Selling price of 12 articles equals the cost price of 15 articles. find the profit/loss percentage?

a)25%  profit        b)20%  profit     c)25%  loss    d)20% loss

13.A trader sold a trouser at 44% profit after announcing two successive discounts of 10% and 20%. At what percentage did he mark the trouser above the cost price?

a)60%          b)100%       c)180%      d)175%

14. A merchant claims to sell goods at his cost price. But by using false weights, he give only 600 gm of goods for every 1 kg that he buys.What is his profit percentage?

 a)40%          b)100%       c)60%      d)66 2/3%

15. Ajay sold a motorbike at a profit of 20% to Balu. Balu sold it to Dinesh at a loss of 20%. If the profit made by Ajay was Rs.120 less than the loss made by Balu, find the cost price of Ajay(in Rs.)

a)3000        b)3600      c)3900      d)4500

16. A shopkeeper marked a suit at Rs.400. He sold it after allowing a discount, and still made at a profit of 25%. At what percentage above its cost price did he marked the suit, if he sold it for Rs.320?

 a)50%          b)66 2/3%       c)62 1/2%      d)56 1/4%

17. Arun sold two napkins at same price.He earned 10% profit on one napkin and suffered 10% loss on the other, what was his overall profit/loss percentage?

a)No profit no loss          b)1% profit      c)1% loss     d)None of these

18. Ashwin  purchased a second hand machine for Rs.1 lakh. Over the first year after its purchase. He incurred an expense of Rs.20000 in maintaining it. At the end of the first year he sold it for Rs.80000. Find his profit/loss percentage. If 25% of the total cost price (i.e., purchased price + expenses) is to be deducted on account of depreciation.

 a)12.5% profit           b)12.5% loss       c)11 1/9% profit     d)11 1/9% loss

19. Arjun bought 100 mangoes at the same price . 40 of them were of lower quality. He sold the remaining 60 mangoes at 60% more than the cost price. If in total, he earned a 28% profit, What is his profit/loss percentage, on the 40 mangoes of lower quality?

 a)20% profit           b)15% profit       c)20% loss     d)15% loss

20. Vijay marked his camera at 50% above his cost price. He sold it after allowing discount and still made a profit of 20%. What is the discount percentage he offered on it?

a)20%          b)25%       c)30%      d)35%

Now the following questions will be based on the below data.

Merchants A,B and C sell the same article. They mark the article at Rs.x, Rs.x and Rs.y respectively. A sells his articles after two successive discounts of 30% and 10% respectively. B sells his article after two successive discounts of 20% each.

21. If x=2000, which of the two merchants A and B has a higher selling price. What is difference is in their selling prices.

a)A, Rs.10       b)B,Rs.10        c)A,Rs.20         d)B,Rs.20

22.If C sells his article after a single discount of 50% at Rs.80 less than the selling price of B calculated using the value of x in the previous question, find y (in Rs.)

a)1500        b)1350      c)1800      d)2400

23. Ganesha, Harish and Raghu started a business with investments of Rs.15000, Rs.18000 and Rs.21000. At the end of the one year, they earned a total profit of Rs.5400. Find the respective shares of  Ganesh, Harish and Raghu in the profit (in Rs.)

a)1500,1800,2100        b)1360,1800,2240      c)1750,2100,2450      d)1890,2100,2310

24. Antony, Ben and Charles enter into a business with investments in the ratio of 3:4:6. At the end of one year, they shared the profits in the ratio of 6:4:3. find the ratio of the respective time periods for which they invested.

a)1:2:4         b)4:2:1        c)4:1:2              d)1:4:2

25. Francis and George started a business with investments of Rs.7000 and Rs.10000. After x months, Francis left. After two more months David joined the business with an investment of Rs.10000. If the annual profit is shared among David, Francis and George in the ratio  10:7:24, find the respective time periods of David, Francis and George for which they stayed that year.

a)5:5:12         b)1:1:3        c)1:1:4              d)1:1:2

26. Prasad and Satish started a business with investments of Rs.2000 and Rs.5300 respectively. At the end of every month, Prasad invests Rs.300 while Satish withdraws Rs.300. What is the ratio in which they should share the profits at the end of one year.

a)13:14     b)1:1           c)14:13              d)Cannot be determined

27. Anwar marked his radio at 40% above his cost price. He, then sold it after offering a discount of 40%. If he made a loss of Rs.640, find his selling price (in Rs.)

a)4320        b)4640      c)3360      d)3720

28.Ram and Shyam started a business with investments of Rs.40000 and Rs.60000. At the end of one year, out of the total Ram got Rs.2000 less profit than Shyam. Find the total profit (in Rs.)

a)12000        b)10000      c)8000      d)16000

29. Anwar and Bhaskar started a business with investments of Rs.15000 and Rs.24000. At the end of 4 months from the start of the business, both withdrew one-third of their respective capital. Find the ratio of their profits in the total profit at the end of one year.

a)1:2     b)3:4           c)4:5              d)5:8

30. Ravi marked his Walkman at 60% above his cost price. If he had decreased his discount from 20% to 10%. he would have earned Rs.80 more. Find his cost price.

a)640        b)600      c)500      d)800

31. A vendor bought 30 dozen bananas at Rs.16 per dozen. He sold 10 dozens at Rs.20 per dozen and 16 dozens at Rs.25 per dozen. The remaining 4 dozens were rotten and he threw away. Find his profit percentage.

a)20%          b)25%       c)30%      d)33 1/3%

32.The profit made by David in selling his calculator for Rs.400 would be the same as the loss he would have made in selling it at a 25% loss. If he sold his calculator after offering a discount of Rs.100, find the percentage at which he marked it above the cost price.

a)56.25%          b)62.5%       c)60%      d)50%

33.Francis sold his pen at a profit of Rs.5. He calculated his profit percentage on his selling price and found it to be 50%. Find his profit percentage?

a)100%          b)150%       c)200%      d)250%

34. Akbar and Birbal started a business with investments of Rs.30000 and Rs.40000 respectively. At the end of the one year, they gave 10% of the total profit of Rs.7000 to charity. Find the difference in the profit of shares of both out of the remaining profit (in Rs.)

a)600        b)900      c)500      d)800

35. Arun and Bharat started a business with investments of Rs.10000 and Rs.15000 respectively. Arun being a working partner gets Rs.100 every month as salary from the profit. At the end of one year the business makes a profit of Rs.4800. Find the total share of Arun out o this amount (in Rs.)

a)2880        b)2640      c)3240      d)2760

Answers    

1. d                                    
2. b
3. b
4. b
5. a
6. b
7. c
8. d
9. c
10. c
11. c
12. a
13. b
14. d
15. a
16. d
17. c
18. d
19. c
20. a
21. d
22. d
23. a
24. b
25. a
26. b
27. c
28. b
29. d
30. c
31. b
32. a
33. a
34. b
35. b