Profit and Loss Question Sheet 4

Profit and Loss Question Sheet 4

Q.1 By selling 14 oranges for a rupee, a man loses 12%. How many for a rupee should he sell to gain 12%?

a.9

b.10

c11

d.12

e.13

Q.2 A discount of 17.5% offered on maximum retail price (MRP) results in 15.5% profit for a retailer. Which of the following will result in 40% profit for the retailer?

a.Sell without any discount

b.Offer a discount of 7.5% on MRP

c.Offer a discount of 5.5% on MRP

d.Increase the MRP by 4%

Q.3 The cost of a chair and table together is ₹12000. The chair is sold at 12% profit and the table at 8% loss. If overall there is a loss of 0.5% then the cost price, in INR, of the chair is ………. .

Q.4 A shopkeeper sells 40kg fruits at a loss of 15% and Xkg fruits at 20% profit such that he ended up with no profit - no loss. What is the value of X?

a.10 kg

b.20 kg

c.30 kg

d.40 kg

Q.5 A merchant sells oil at 20% profit. But for every 20 L he sells, 3 L oil goes waste. What is his approximate profit or loss in the transaction?

a.2 % profit 

b.4.34 % profit

c.0.4 % profit

d.0.75 % loss

Q.6 The marked price of a chair and a table are in the ratio 2 : 3 respectively. The shopkeeper gives 20% discount on the chair. If the combined discount on both the chair and the table is 26%, then what will be the discount given on the table?

a.34%

b.32%

c.30%

d.28%

Q.7 A manufacturer marks his goods at 80 percent above the cost price, but he allows 15 articles to the dozen and a 10 percent discount on the marked price. What is his overall profit %?

a.18.2%

b.25%

c.29.6%

d.Cannot be determined

Q.8 The cost price of an article A is 200% more than that of B, and 75% less than that of C. The selling price of the article A is 500% more than that of C. If the profit on article A is twice that on B, and is twice the loss on C, then what is the ratio of profit on article B to its cost price?

a.29:79

b.81:8  

c.63:4  

d.69:8

Q.9 A trader sells identical pens. He sold 60% of his stock at 20% discount on the labelled price and the rest at an additional 20% discount on the discounted price. Overall, the trader makes a 25% profit. With no discounts, his percentage of profit would have been nearest to ……….

a.65

b.68

c.70

d.72

Q.10 A fruit seller sells two varieties of apples, viz. Sunehari and Fuji. The selling price of each Sunehari apple is ₹25 and that of Fuji is ₹50. One day the fruit seller sold a total of 245 pieces of apples and 25% of his revenue is generated by selling Sunehari variety. How many pieces of Fuji apple were sold by the fruit seller on that day?

a.49

b.98

c.147

d.196

Q.11 A trader manufactures and sells earthen pots.  If he sells 75% of the output at ₹ 30 each and the rest at ₹ 24 each, he makes a net profit of ₹ 600. However, if he sells 25% of the output at ₹ 30 each and the rest at ₹ 24 each, he makes a net loss of ₹ 600. If he sells all the output at a fixed price and makes overall no profit-no loss, then the selling price of each earthen pot, in ₹, is ……….

Q.12 A car dealer bought three cars and sold each of them at 12.5% profit. With exactly all the sales proceeds of these three cars, he bought another three cars and sold each of them at 10% profit. If the dealer makes an over-all ₹91200 profit from the sale of six cars, the average selling price of each car, in INR, is ……….

a.79200

b.136000

c.144000

d.151200

Q.13 Ramu bought 45 kg of A and 25 kg of B from the wholesale market where the price of A is lower than that of B by 40%. He sold both in the retail market for the same price, which is 30% more than the price at which he bought A. His overall profit is ……….

a.7%

b.5%

c.8%

d.9%

Q.14 There are two bags filled partly with sand. If we reduce the weight of the first bag by 10% and increase the weight of the second bag by 20%, the net increase in the total weight will be 5 kg. On the other hand, if we increase the weight of the first bag by 20% and reduce the weight of the second bag by 10%, the net increase in the total weight will be 2 kg. The original weight of the first bag, in kg, is ………..

a.25

b.30

c.35

d.40

Q.15 A petri dish has two different bacteria samples viz. X and Y. The total population of the combined bacteria population increased by 30% within the first one hour. During the same time, bacteria –X Q16 Q16     Q.16  population increased by 25% and bacteria-Y population increased by 33.33% In the next hour, the bacteria-Y population increased by 50% and became double that of the bacteria-X population at that time. The percentage increase in the total bacteria population in these two hours is

a.60%

b.70%

c.75%

d.80%

Q.17 A trader buys 44 kg of potato and marks the price up by 20%. He sells 7 kg of potato at the marked price and 15 kg of potato at 10% discount. Unfortunately, 8 kg of potato was partly rotten in transit and hence has to be sold at a price which is 60% lower than the cost price. The remaining potatoes have been sold by raising the marked price by x% so as to make an overall 9% profit. The value of x is ………. .

a.40

b.37.5

c.25

d.20

Q.18 On the opening ceremony of a bakery, Raju sold Spinach at a profit of 20%. After few days he gets 10% discount from farmer, making its cost price equivalent to 90% of its initial cost price. But even then he decides to sell it at Rs.18 more than the previous selling price, making him a gain of 40%. Find the initial cost price of Spinach.

a.Rs.200

b.Rs.320

c.Rs.300

d.Rs.250

Q.19 Rushabh sold some CDs to Rushant at the rate of four CDs for the cost price of three. After a few days Rushant sold the same CDs back to Rushabh at the rate of 3 CDs for the price he had paid for four. Find the percentage loss incurerred by Rushabh in the transaction.

a.25%

b.56.25%

c.77.7%

d.43.75%

Q.20 A merchant can buy goods at the rate of Rs. 20 per good. The particular good is part of an overall collection and the value is linked to the number of items that are already on the market. So, the merchant sells the first good for Rs. 2, second one for Rs. 4, third for Rs. 6…and so on. If he wants to make an overall profit of at least 40%, what is the minimum number of goods he should sell?

a.24

b.18

c.27

d.32

Q.21 An article is sold after two successive discounts 20% and 25%. If the article had been sold for Rs.612 more, then there would have been a profit of 12.5%. If the cost price of the article is Rs.2880, then find the marked price of the article?

a.Rs 4860

b.Rs 4420

c.Rs 4380

d.Rs 4240

Q.22 Mark up percent is the percent increase in CP such that the CP after the increase becomes equal to the marked price. A man makes a profit of 4.15% after giving a discount of 3.84% on his marked price. Find the mark up percent.

a.8.04%

b.8.43%

c.8.2%

d.8.33%

Q.23 Traders A and B buy two goods for Rs. 1000 and Rs. 2000 respectively. Trader A marks his goods up by x%, while trader B marks his goods up by 2x% and offers a discount of x%. If both make the same non-zero profit, find x.

a.25%

b.12.5%

c.37.5%

d.40%

1	2	3	4	5	6	7	8	9	10
C	A	4500	C	B	C	C	D	C	C
11	12	13	14	15	16	17	18	19	20
27	D	B	B	D	D	C	A	C	C
21	22
D	A