Profit and Loss Set 14

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 watch dealer pays 10% customs duty on a watch which costs Rs. 500 abroad. He desires to make a profit of 20% after giving a discount of 25% to the buyer. The marked price should be
(a) Rs. 950
(b) Rs. 800
(c) Rs. 880
(d) Rs. 660

Q2. A shopkeeper allows 25% discount on his advertised price and to make a profit 25% on his outlay. What is the advertised price (in Rs.) on which he gains Rs. 6000?
(a) 36000
(b) 40000
(c) 39000
(d) 42500

Q3. If the profit on selling an article for Rs. 425 is the same as the loss on selling it for Rs. 355, then the cost price of the article is
(a) Rs. 410
(b) Rs. 380
(c) Rs. 400
(d) Rs. 390

Q4. A & B jointly made a profit of Rs. 1650 and they decided to share it such that 1/3 of A’s profit is equal to 2/5 of B’s profit. Then profit of B is
(a) Rs. 700
(b) Rs. 750
(c) Rs. 850
(d) Rs. 800

Q5. 4% of the selling price of an article is equal to 5% of its cost price. Again 20% of the selling price is Rs. 120 more than 22% of its cost price. The ratio of cost price & selling price is
(a) 2 : 3
(b) 3 : 2
(c) 4 : 5
(d) 5 : 4

Answers:

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