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Profit, Loss & Discount

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Q 1. A shopkeeper labels the price of articles {tex} 20 \% {/tex} above the cost price. If he allows {tex} \mathrm {Rs. 31.20} {/tex} off on a bill of {tex} \mathrm {Rs. 312} {/tex}, find his profit per cent on the article?

8

{tex} 12 \frac { 1 } { 3 } {/tex}

{tex} 11 \frac { 2 } { 3 } {/tex}

{tex} 8 \frac { 1 } { 3 } {/tex}

None of these

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Q 2. A shopkeeper purchases {tex} 10 \mathrm { \ kg } {/tex} of rice at {tex} \mathrm {Rs. 600} {/tex} and sells at a loss as much the selling price of {tex} 2 \mathrm { \ kg } {/tex} of rice. Find the sale rate of rice/{tex} \mathrm { kg } {/tex}.

{tex} \mathrm {Rs. 60 \ per \ kg} {/tex}

{tex} \mathrm {Rs. 50 \ per \ kg} {/tex}

{tex} \mathrm {Rs. 80 \ per \ kg} {/tex}

{tex} \mathrm {Rs. 70 \ per \ kg} {/tex}

None of these

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Q 3. A man buys milk at {tex} \mathrm {Rs. 6} {/tex} per litre and adds one third of water to it and sells mixture at {tex} \mathrm {Rs. 7.20} {/tex} per litre. The gain is

{tex} 40 \% {/tex}

{tex} 80 \% {/tex}

{tex} 60 \% {/tex}

{tex} 25 \% {/tex}

None of these

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Q 4. A shopkeeper sells a TV set for {tex} \mathrm Rs. 16560 {/tex} at {tex} 10 \% {/tex} discount on its marked price and earns {tex} 15 \% {/tex} profit. If no discount is offered, then what will be his present per cent profit?

{tex} 27 \frac { 7 } { 9 } {/tex}

{tex} 22 \frac { 7 } { 9 } {/tex}

{tex} 25 \frac { 7 } { 9 } {/tex}

Data inadequate

None of these

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Q 5. Prabhu purchased {tex} 30 \mathrm { \ kg } {/tex} of rice at the rate of {tex} \mathrm {Rs.17.50} {/tex} per kg and another {tex} 30 \mathrm {\ kg } {/tex} rice at a certain rate. He mixed the two and sold the entire quantity at the rate of {tex} \mathrm {Rs. 18.60} {/tex} per kg and made {tex} \mathrm {20} {/tex} per cent overall profit. At what price per kg did he purchase the lot of another 30 kg rice?

{tex} \mathrm {Rs. 14.50} {/tex}

{tex} \mathrm {Rs. 12.50} {/tex}

{tex} \mathrm {Rs. 15.50} {/tex}

{tex} \mathrm {Rs. 13.50} {/tex}

None of these

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Q 6. A trader wants {tex} 10 \% {/tex} profit on the selling price of a product whereas his expenses amount to {tex} 15 \% {/tex} on sales. What should be his rate of mark up on an article costing {tex} \mathrm {Rs. 9} ? {/tex}

{tex} 20 \% {/tex}

{tex} 66 \frac { 2 } { 3 } \% {/tex}

{tex} 30 \% {/tex}

{tex} \frac { 100 } { 3 } \% {/tex}

None of these

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Q 7. A grocer purchased {tex} 80 \mathrm { \ kg } {/tex} of sugar at {tex} \mathrm {Rs. 13.50} {/tex} per {tex} \mathrm { kg } {/tex} and mixed it with {tex} 120 \mathrm { \ kg } {/tex} sugar at {tex} \mathrm {Rs. 16} {/tex} per {tex} \mathrm { kg } {/tex}. At what rate should he sell the mixture to gain {tex} 16 \% ? {/tex}

{tex} \mathrm {Rs. 17 \ per \ kg} {/tex}

{tex} \mathrm {Rs. 17.40 \ per \ kg} {/tex}

{tex} \mathrm {Rs. 16.5 \ per \ kg} {/tex}

{tex} \mathrm {Rs. 16 \ per \ kg} {/tex}

None of these

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Q 8. Deepa bought a calculator at {tex} 30 \% {/tex} discount on the listed price. Had she not got the discount, she would have paid {tex} \mathrm { Rs. } 82.50 {/tex} extra. At what price did she buy the calculator?

{tex} \mathrm {Rs. 192.50} {/tex}

{tex} \mathrm {Rs. 275.00} {/tex}

{tex} \mathrm {Rs. 117.85} {/tex}

Cannot be determined

None of these

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Q 9. For a certain article, if discount is {tex} 25 \% {/tex}, the profit is {tex} 25 \% {/tex}. If the discount is {tex} 10 \% , {/tex} then the profit is

{tex} 10 \% {/tex}

{tex} 20 \% {/tex}

{tex} 35 \% {/tex}

{tex} 50 \% {/tex}

None of these

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Q 10. A man bought a horse and a carriage for {tex} \mathrm {Rs. 3000} . {/tex} He sold the horse at a gain of {tex} 20 \% {/tex} and the carriage at a loss {tex} 10 \% , {/tex} thereby gaining {tex} 2 \% {/tex} on the whole. Find the cost of the horse.

{tex} \mathrm {Rs. 1000} {/tex}

{tex} \mathrm {Rs. 1200} {/tex}

{tex} \mathrm {Rs. 1500} {/tex}

{tex} \mathrm {Rs. 1700} {/tex}

None of these

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Q 11. A shopkeeper sold sarees at {tex} \mathrm {Rs. 266} {/tex} each after giving {tex} 5 \% {/tex} discount on labelled price. Had he not given the discount, he would have earned a profit of {tex} 12 \% {/tex} on the cost price. What was the cost price of each saree?

{tex} \mathrm {Rs. 280} {/tex}

{tex} \mathrm {Rs. 260 } {/tex}

{tex} \mathrm {Rs. 380} {/tex}

Data inadequate

None of these

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Q 12. A man sold 10 eggs for 5 rupees and gained {tex} 20 \% . {/tex} How many eggs did he buy for 5 rupees?

10 eggs

12 eggs

14 eggs

16 eggs

None of these

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Q 13. In a sale, a perfume is available at a discount of 15{tex} \% {/tex} on the selling price. If the perfume's discounted selling price is {tex} \mathrm {Rs.} {/tex} 3675.40 , what was the original selling price of the perfume?

{tex} \mathrm {Rs.} 4,324{/tex}

{tex} \mathrm {Rs.4,386} {/tex}

{tex} \mathrm {Rs.4,400} {/tex}

{tex} \mathrm {Rs.4,294} {/tex}

None of these

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Q 14. The difference between a discount of {tex} 35 \% {/tex} and two successive discounts of {tex} 20 \% {/tex} and {tex} 20 \% {/tex} on a certain bill was {tex} \mathrm {Rs. 22} {/tex}. Find the amount of the bill.

{tex} \mathrm { Rs. 1,100} {/tex}

{tex} \mathrm {Rs. 200} {/tex}

{tex} \mathrm {Rs. 2,200} {/tex}

Data inadequate

None of these

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Q 15. Two electronic musical instruments were purchased for {tex} \mathrm {Rs. 8000} {/tex}. The first was sold at a profit of {tex} 40 \% {/tex} and the second at loss of {tex} 40 \% {/tex}. If the sale price was the same in both the cases, what was the cost price of two electronic musical instruments?

{tex} \mathrm {Rs. 2000, Rs. 5000} {/tex}

{tex} \mathrm {Rs. 2200, Rs. 5500} {/tex}

{tex} \mathrm {Rs. 2400, Rs. 5000} {/tex}

{tex} \mathrm { Rs. 2400 , Rs. 5600} {/tex}

None of these

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Q 16. The profit percent of a bookseller if he sells book at marked price after enjoying a commission of 25{tex} \% {/tex} on marked price will be:

30{tex} \% {/tex}

25{tex} \% {/tex}

20{tex} \% {/tex}

33{tex} \frac { 1 } { 3 } \% {/tex}

None

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Q 17. 21 articles were bought for {tex} \mathrm {Rs.}6531 {/tex} and sold for {tex} \mathrm {Rs.}9954. {/tex} How much was the approximate profit percentage per article?

56{tex} \% {/tex}

43{tex} \% {/tex}

52{tex} \% {/tex}

49{tex} \% {/tex}

61{tex} \% {/tex}

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Q 18. A shopkeeper purchased {tex} \mathrm {150} {/tex} identical pieces of calculators at the rate of {tex} \mathrm {Rs. 250} {/tex} each. He spent an amount of {tex} \mathrm {Rs. 2500} {/tex} on transport and packing. He fixed the labelled price of each calculator at {tex} \mathrm {Rs. 320} {/tex}. However, he decided to give a discount of {tex} 5 \% {/tex} on the labelled price. What is the percentage profit earned by him?

{tex} 14 \% {/tex}

{tex} 15 \% {/tex}

{tex} 16 \% {/tex}

{tex} 20 \% {/tex}

None of these

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Q 19. A builder purchased a plot of land for {tex} \mathrm Rs. 80 {/tex} lakh and constructed a five-storey building inclusive of ground floor on it. How much should he charge for each flat to make {tex} 25 \% {/tex} profit on his investment on land, if there are five flats on each storey?

{tex} \mathrm {Rs. 50000} {/tex}

{tex} \mathrm {Rs. 100000} {/tex}

{tex} \mathrm {Rs. 500000} {/tex}

{tex} \mathrm {Rs. 2000000} {/tex}

None of these

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Q 20. Coconuts were purchased at {tex} \mathrm {Rs. 150} {/tex} per hundred and sold at {tex} \mathrm {Rs. 2} {/tex} per coconut. If {tex} \mathrm {Rs. 2000} {/tex} coconuts were sold, what was the total profit made?

{tex} \mathrm {Rs. 500} {/tex}

{tex} \mathrm {Rs. 1000} {/tex}

{tex} \mathrm {Rs. 1500} {/tex}

{tex} \mathrm {Rs. 2000} {/tex}

None of these

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Q 21. A trader marks his goods at such a price that he can deduct {tex} 15 \% {/tex} for cash and yet make {tex} 20 \% {/tex} profit. Find the marked price of an item which costs him {tex} \mathrm {Rs. 90} {/tex} :

{tex} \mathrm {Rs.} {/tex} {tex} 135 \frac { 11 } { 13 } {/tex}

{tex} \mathrm {Rs.} \ 105 \frac { 3 } { 21 } {/tex}

{tex} \mathrm {Rs.} \ 127 \frac { 1 } { 17 } {/tex}

{tex} \mathrm {Rs.} \ 95 \frac { 1 } { 21 } {/tex}

None of these

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Q 22. What per cent of selling price would be {tex} 34 \% {/tex} of cost price if gross profit is {tex} 26 \% {/tex} of the selling price?

17.16

74.00

25.16

88.40

None of these

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Q 23. A dishonest dealer sells his goods at the cost price but still earns a profit of {tex} 25 \% {/tex} by underweighing. What weight does he use for a kg?

{tex} 750 \mathrm { g } {/tex}

{tex} 800 \mathrm { g } {/tex}

{tex} 825 \mathrm { g } {/tex}

{tex} 850 \mathrm { g } {/tex}

None of these

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