Profit and Loss (Practice)

 

1. Meena bought a car for Rs.2,00,000. After a month she met with an accident & had to spend Rs. 10,000 on repairing the car. She felt the car was unlucky & decided to sell her car. She sold the

car at a loss of 10%. For how much did she sell her car for?

[a] 1,80,000

[b] 1,69,000

[c] 1,89,000

[d] None of these

2. Ganesh bought a sofa for Rs. 35,000 and sold it at Rs.34,000. Swapna bought a sofa for Rs.44,000 and sold it at Rs.43,000. Who incurred a greater percentage of loss?

[a] Ganesh

[b] Swapna

[c] Both have equal % loss

[d] Cannot be determined

3. A fruit seller buys apples at rate of 8 for Rs. 64 and sells them at the rate of 4 for Rs. 40. What is his profit/loss percentage?

[a] 20%

[b] 25%

[c] 30%

[d] 40%

4. A calculator has list price Rs. 600 but is sold for Rs.400. If by this sale the trader incurs a loss of 5%, by what percent did he mark up the price on the calculator?

[a] 50 %

[b] 42.5%

[c] 40%

[d] None of these

5. By selling a product with 30% profit, how much profit is earned? Find the statement below which gives correct answer?

I. Difference between C.P & S.P is Rs. 60

II. Selling price is 130% of C.P

[a] only I

[b] only II

[c] Either I or II

[d] Both I & II

6. Successive discount of 10%, 12% and 15% amount to a single discount of _______.

[a] 32 %

[b] 47%

[c] 32.68%

[d] 25%

7. A fruit seller bought 4 dozes orange at Rs.40 per dozen. After selling 40 oranges at rate of Rs.36 per

dozen, he reduced the rate to Rs. 10 per dozen. Find his percentage of loss.

[a] 15%

[b] 12.6%

[c] 20.8%

[d] 19%

8. A trader gives 10% additional discount on the discounted price, after giving an initial discount of 15% on the list price of a shirt. If the final selling price of the shirt Rs. 500, find the list price of the shirt.

[a] Rs. 600

[b] Rs. 640

[c] Rs. 654

[d] None of these

9. Varun bought a pair of sunglasses for 18% less than its original price and sold it with 12% profit on the price he paid. What percentage of profit/loss did Varun make on the original price of the sun glasses?

[a] 8.16% loss

[b] 8.16% profit

[c] No profit

[d] 12.02.% profit