Profit and Loss Questions

Q.1) Marked price of a table is Rs 960. The shopkeeper offered the discount of 20% and gain 28%. If no discount is allowed, find his gain percentage?

a) 62%

b) 60%

c) 43%

d) 20%

e) 40%

Q.2) GRT offers the following discount scheme for buyers on a gold coin

Scheme 1-two successive discount of 12%

Scheme 2-a discount of 14% followed by a discount of 11%

Scheme 3-two successive discount of 15% and 5%

Scheme 4- discount of 20%

Scheme 5- successive discount of 15% and 20%

The selling price will be minimum under which scheme?

a) Scheme 1

b) Scheme 2

c) Scheme 3

d) Scheme 4

e) Scheme 5

Q.3) In order that there may be a profit of 30% after allowing a discount of 20% on the marked price, The cost price of an article has to be increased by what percentage?

a) 62 %

b) 62%

c) 64 2/5%

d) 68 1/2%

e) 70 2/3%

Q.4) What is the maximum percentage discount (approximately) that a merchant can offer on his marked price, so that he ends up selling at no profit or loss, if he initially marked his goods up by 40%?

a) 60%

b) 28.5%

c) 33.4%

d) 43.90%

e) 50%

Q.5) A Shopkeeper sells laptops at the rate of Rs 457 each and earns the commission of 4%. He also sells Mobile phones at the rate of Rs 80 each and earns a commission of 20%. How much amount of commission will he earn in two weeks if he sells 10 laptops and 6 mobile phones per day?

a) Rs 270.0

b) Rs 298.7

c) Rs 382.1

d) Rs 399.8

e) None of these

Q.6) When a producer allows 36% commission on the retail price of his product he earns a profit of 8.8%. What would be his profit percent if the commission is reduced by 12%?

a) 48.1%

b) 49.6%

c) 47.23%

d) 50.28%

e) Can’t b determined

Q.7) Chandru likes Diary milk chocolate very much so he bought some number of chocolate at Rs 4 and the same number of chocolate at Rs 5. He mixes them and sells them at Rs 4. What is his gain or loss percent?

a) 12 1/9%

b) 12 2/9%

c) 11 1/9%

d) 10 1/9%

e) None of these

Q.8) Selma buys a note book for Rs 150. If the over head expenses be 12% of the cost price, at what price should it be sold to gain 10 % (in Rs)?

a) 184.8

b) 185.8

c) 187.8

d) 188.8

e) None of these

Q.9)  Vijay sells a book at the rate of Rs 300 each which includes a profit of 20%. What amount of profit will he earn in 18 days, if he sells seven books per day (in Rs)?

a) 6500

b) 6300

c) 7600

d) 6800

e) 7300

Q.10) The profit earned by selling an article for Rs 1632 is equal to the loss incurred when the same article is sold for Rs 128 what should be the sale price for making 50% of profit (in Rs)?

a) 1320

b) 1300

c) 1220

d) 1420

e) 1230

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