Profit and Loss Set 11
We are here with the Profit and Loss exercise which is very important for competitive exams. Profit and Loss questions usually carry 3-5 marks in competitive exams.
Q1. A man purchased an article at 3/4 th of the list price and sold at half more than the list price. What was his gain per cent?
(a) 25%
(b) 50%
(c) 75%
(d) 100%
(e) 150%
Q2. I lose 9 per cent selling pencils at the rate of 15 a rupee. How many for a rupee must I sell them to gain 5 per cent?
(a) 10
(b) 13
(c) 15
(d) 18
(e) 20
Q3. Goods are sold so that when 4 per cent is taken off the list price, a profit of 20% is made. How much per cent is the list price more than the cost price?
(a) 25%
(b) 50%
(c) 75%
(d) 100%
(e) 150%
Q4. A man sells an article at 5% profit. If he had bought it at 5% less and sold it for Re 1 less, he would have gained 10%. Find the cost price.
(a) 100
(b) 150
(c) 200
(d) 250
(e) 300
Q5. A profit of 20% is made on goods when a discount of 10% is given on the marked price. What profit per cent will be made when a discount of 20% is given on the marked price?
(a) 62/3%
(b) 7 2/3%
(c) 3 1/4%
(d) 7 4/5%
(e) 9 1/4%
ANSWERS:
1 – D
2 – B
3 – A
4 – C
5 – A
