Quiz about Profit and Loss

Question 1

Find the gain or loss per cent when:

C P = Rs 345 and S P = Rs 372.60

Accepted Answer

G% = 8%

Answer

G% = 4%

Answer

L% = 4%

Answer

L% = 8%

Question 2

A student buys a pen for Rs 90 and sells it for Rs 100. Find his gain percent.

Accepted Answer

100/9 %

Answer

110/9 %

Answer

111/9 %

Answer

99/9 %

Question 3

Find the cost price when:

SP = Rs 657.60 and loss% = 4%

Accepted Answer

C P = Rs. 685

Answer

C P = Rs. 657

Answer

C P = Rs. 678

Answer

C P = Rs. 675

Question 4

The cost price of 10 articles is equal to the selling price of 9 articles. Find the profit percentage.

Accepted Answer

100/9 %

Answer

110/9 %

Answer

101/9 %

Answer

901/9 %

Question 5

Coffee costing Rs 250 per kg was mixed with chicory costing Rs 75 per kg in the ratio 5 : 2 for a certain blend. If the mixture was sold at Rs 230 per kg, find the gain or loss per cent.

Accepted Answer

G% = 15 %

Answer

L% = 3 %

Answer

G% = 14 %

Answer

L% = 12 %

Question 6

A dealer buys a wrist watch for Rs. 225 and spends Rs.15 on its repairs. If he sells the same for Rs.300, find his profit percentage.

Accepted Answer

25 %

Answer

20 %

Answer

30 %

Answer

55 %

Question 7

If the selling price of 10 pens is equal to cost price of 14 pens, find the gain percent?

Accepted Answer

40 %

Answer

20 %

Answer

30 %

Answer

50 %

Question 8

If the selling price of a flower vase is 5/6 of its cost price, find the loss per cent.

Accepted Answer

50/3 %

Answer

47/2 %

Answer

16/3 %

Answer

19/7 %

Question 9

A radio is sold for Rs 3120 at a loss of 4%. What will be the gain or loss per cent if it is sold for Rs 3445?

Accepted Answer

6%

Answer

7%

Answer

8%

Answer

9%

Question 10

A dishonest shopkeeper professes to sell pulses at his cost price but uses a false weight of 950 gm for each kilogram. Find his gain percentage.

Accepted Answer

5(5/19) %

Answer

11(1/19) %

Answer

4(1/19) %

Answer

2(1/19) %

Question 11

Vinod sold a watch to Arun at a gain of 12% and Arun had to sell it to Manoj at a loss of 5%. If Manoj paid Rs.3990 for it, how much did Vinod pay for the watch?

Accepted Answer

Rs.3750

Answer

Rs.3780

Answer

Rs.3795

Answer

Rs.3999

Question 12

A grocer bought sugar worth Rs 4500. He sold one-third of it at a gain of 10%. At what gain per cent must the remaining sugar be sold to have a gain of 12% on the whole?

Accepted Answer

13 %

Answer

33 %

Answer

12 %

Answer

56 %

Question 13

Rohit purchased an old car for Rs 73500. He spent Rs 10300 on repairs and paid Rs 2600 for its insurance. Then he sold it to a mechanic for Rs 84240.What was his percentage gain or loss?

Accepted Answer

L% = 2.5 %

Answer

L% = 2%

Answer

G% = 3 %

Answer

G% = 4.5 %

Question 14

A retailer buys a cooler for Rs 1200 and overhead expenses on it are Rs 40. If he sells the cooler for Rs 1550, determine his profit percent.

Accepted Answer

25 %

Answer

20 %

Answer

30 %

Answer

78 %

Question 15

By selling a book for Rs 258, a bookseller gains 20%. For how much should he sell it to gain 30%?

Accepted Answer

Rs.279.50

Answer

Rs.297.50

Answer

Rs.278.00

Answer

Rs.279.00

Question 16

After allowing a discount of 8% on a toy, it is sold for Rs 216.20. Find the marked price of the toy.

Accepted Answer

Rs.235

Answer

Rs.950

Answer

Rs.265

Answer

Rs.340

Question 17

A dealer bought a refrigerator for Rs 11515. After allowing a discount of 16% on its marked price, he gains 20%. Find the marked price of the refrigerator.

Accepted Answer

Rs.16450

Answer

Rs.36580

Answer

Rws.13818

Answer

Rs.23415

Question 18

Mansi bought a watch for Rs 1980 including VAT at 10%. Find the original price of the watch.

Accepted Answer

Rs.1800

Answer

Rs.590

Answer

Rs.1250

Answer

Rs.321

Question 19

Oranges are bought at 5 for Rs 10 and sold at 6 for Rs 15. His gain per cent is

Accepted Answer

25 %

Answer

40 %

Answer

50 %

Answer

60 %

Question 20

The marked price of an article is 10% more than the cost price and a discount of 10% is given on the marked price. The seller has

Accepted Answer

1% loss

Answer

1% gain

Answer

3 % gain

Answer

none of these

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