Profit and Loss Set 12
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 dealer sells a table for 400, making a profit of 25%. He sells another table at a loss of 10%, and on the whole he makes neither profit nor loss. What did the second table cost him?
(a) 700
(b) 800
(c) 900
(d) 950
(e) 1000
Q2. Each of the two horses is sold for Rs720. The first one is sold at 25% profit and the other one at 25% loss. What is the % loss or gain in this deal?
(a) 7.25%
(b) 6.25%
(c) 8.5%
(d) 9.25%
(e) 10.25%
Q3. Each of the two cars is sold at the same price. A profit of 10% is made on the first and a loss of 7% is made on the second. What is the combined loss or gain?
(a) 150/203 %
(b) 160/203 %
(c) 180/203%
(d) 170/203 %
(e) None of these
Q4. Profit earned by an organisation is distributed among officers and clerks in the ratio of 5 : 3. If the number of officers is 45 and the number of clerks is 80 and the amount received by each officer is Rs25,000, what was the total amount of profit earned?
(a) Rs22 lakh
(b) Rs 18.25 lakh
(c) Rs18 lakh
(d) Rs23.25 lakh
(e) None of these
Q5. A shopkeeper labelled the price of his articles so as to earn a profit of 30% on the cost price. He, then sold the articles by offering a discount of 10% on the labelled price. What is the actual per cent profit earned in the deal?
(a) 18%
(b) 15%
(c) 20%
(d) Cannot be determined
(e) None of these
Answers:
1. B 2. B 3. B 4. D 5. E
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