Profit and Loss Set 13

Profit and Loss Set 13

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 retailer gets a discount of 40% on the printed price of an article. The retailer sells it at the printed price. His gain precent is
(a) 40
(b) 55
(c) 66(2/3 )
(d) 75

Q2. If the cost price of 25 pens is equal to the selling price of 20 pens, then profit percent is
(a) 20%
(b) 25%
(c) 15%
(d) 5%

Q3. A dealer marks a washing machine for Rs. 7500, and allows a discount of 6% on it. Find the selling price
(a) 6850
(b) 7050
(c) 7250
(d) 6950

Q4. The marked price of an article is 30% higher than the cost price. If a trader sells the articles allowing 10% discount to customer, then the gain percent will be
(a) 17
(b) 20
(c) 19
(d) 15

Q5. A merchant marked the price of an article by increasing its production cost by 40%. Now he allows 20% discount and gets a profit of Rs. 48 after selling it. The production cost is
(a) Rs. 320
(b) Rs. 360
(c) Rs. 400
(d) Rs. 440

Answers:

1. C        2. B      3. B       4. A       5. C

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