Profit and Loss Question Sheet 1

Q.1 A man bought an old typewriter for Rs.1200 and spent Rs.200 on its repair. He sold it for Rs.1680. His profit per cent is:

a.20%

b.10%

c.8%

d.16%

Q.2 If the cost price is 95% of the selling price, what is the profit percent?

a.4%

b.4.75%

c.5%

d.5.26%

Q.3 By selling 33 metres of cloth, a person gains the cost of 11 metres. Find his gain %.

a.33.33%

b.33.5%

c.33%

d.34.33%

Q.4 A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be

a.40%

b.100%

c.120%

d.140%

Q.5 A trader sold a cycle at a loss of 10%. If the selling price had been increased by Rs.200, there would have been a gain of 6%. The cost price of the cycle is

a.Rs.1200

b.Rs.1205

c.Rs.1250

d.Rs.1275

Q.6 Ten articles were bought for Rs.8 and sold at 8 for Rs.10. The gain percent is

a.54.75%

b.57.25%

c.56.25%

d.55%

Q.7 12 copies of a book were sold for Rs.1800 thereby gaining cost price of 3 copies. The cost price of a copy is:

a.Rs.120

b.Rs.150

c.Rs.180

d.Rs.100

Q.8 By selling 12 oranges for 60, a man loses 25%. The number of oranges he has to sell for 100, so as to gain 25% is

a.10

b.11

c.12

d.15

Q.9 A man buys a certain number of oranges at 20 for 60 and an equal number at 30 for 60. He mixes them and sells them at 25 for 60. What is gain or loss percent?

a.gain of 4%

b.loss of 4%

c.neither gain nor loss

d.loss of 5%

Q.10 What must be the selling price of an article to gain 10% profit, if on selling it at Rs. 450 a loss of 10% is obtained?

a.Rs.500

b.Rs.550

c.Rs.575

d.Rs.525

Q.11 Ankit sells a car for Rs. 80000 at 25% profit. For what price (in Rs.) should he sell the car to earn 27% profit?

10800

9450

81280

82480

Q.12 Rita bought a television set with 20% discount on the labelled price. She made a profit of Rs.800 by selling it for Rs.16,800.The labelled price of the set was

a.Rs.18000

b.Rs.20000

c.Rs.20800

d.Rs.24000

Q.13 Ravi buys some toffees at 2 for a rupee and  sells them at 5 for a rupee. His loss percent is :

62%

a.60%

b.64%

c.60.75%

d.60.25%

Q.14 The cost price of an article is Rs.800. After allowing a discount of 10%, a gain of 12.5% was made. Then the marked price of the article is

a.Rs.1000

b.Rs.1100

c.Rs.1200

d.Rs.1300

Q.15 A shopkeeper marks his goods in such a way that after allowing a discount of 10%, he gains 26%. How much percent above the C.P. is the marked price?

a.50%

b.30%

c.45%

d.40%

Q.16 Kabir buys an article with 25% discount on its marked price. He makes a profit of 10% by selling at Rs. 660. Find the marked price of the article.

a.805

b.795

c.800

d.810

e.790

Q.17 If the profit on selling an article for Rs.425 is the same as the loss on selling it for Rs.355, then the cost price of the article is

a.Rs.410

b.Rs.400

c.Rs.390

d.Rs.380

Q.18 The ratio of marked price to selling price of an article is 12 : 7. What is the discount percentage?

a.41.67

b.37.5

c.39.33

d.42.33

Q.19 While selling a shirt, a shopkeeper gives a discount of 7%. If he gives discount of 9% he earns Rs.15 less on profit. The market price of the shirt is:

a.Rs.712

b.Rs.787

c.Rs.750

d.Rs.697

Q.20 The cost prices of two products are equal. One product is sold at 16% profit and the other product is sold at 8% loss. What is the overall percentage of profit? 

a.4%

b.10%

c.12%

d.8%

Q.21 The cost price of 60 articles is Rs.10 each. 20 articles were sold at Rs. 12 each. At what price should the remaining articles be sold so as to get an overall profit of Rs. 5 per article?

a.Rs. 14.50

b.Rs. 16.50

c.Rs. 12.50

d.Rs. 18.50

Q.22 The printed price on a book is Rs.150. If it is sold after two successive discounts of 30% and 40%, then find its selling price.

a.Rs.63

b.Rs.64

c.Rs.66

d.Rs.65

Q.23 Price of T.V is Rs.9450. Teena buys a T.V at a successive discount of 16.66% and 11.11% and Reena buys the same T.V at flat 28.56% discount. Who will pay the less amount?

a.Reena

b.Teena

c.Both will pay equal amount

d.Can’t be determined

Q.24 The printed price of a cooker is Rs. 2,000, and discounts are 30%, 20% and 10%, respectively. Find the selling price of the cooker.

a.Rs.1,002

b.Rs.1,008

c.Rs.1,004

d.Rs.1,006

Q.25 Bantu Baniya sells one fourth of his stock of wheat at 10% loss, then find the percentage profit needed on remaining stock so his overall profit is 20%.

a.10%

b.20%

c.25%

d.30%

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Answers For Profit and Loss Questions for CAT

1	2	3	4	5	6	7	8	9	10
A	D	A	D	C	C	A	C	B	B
11	12	13	14	15	16	17	18	19	20
C	B	B	A	D	C	C	A	C	A
21	22	23	24	25
B	A	A	B	D