Profit and Loss
1. Mehak and Pranav sells some article for Rs.8000 each. Mehak calculates her profit percent on his
CP and Pranav calculates his profit percent wrongly on SP. What is the difference in their actual
profit if both claim to have a profit of 60%? (Ans: Rs. 1800)
2. If an article is sold at 5% gain instead of 5% loss, the man gains Rs.5 more. Find the cost price of
that article. (Ans: Rs.50)
3. Krishnan bought a camera and paid 20% less than its original price. He sold at 40% profit on the
price he had paid. The percentage of profit earned by Krishnan on the original price was:
(Ans: 12%)
4. Megha and Richa sold two articles at Rs.12000 each. One is sold at a profit of 20% and another
one at a loss of 20%. What is the net loss or profit? (Ans: Rs.1000)
5. A dishonest dealer professes to sell his goods at cost price but uses a weight of 96 gms instead of
a kg weight. Find the gain percent of dishonest person. (Ans: 4.167%)
6. A dishonest shopkeeper sells salt at a rate of Rs.18 per kg. The MRP of the salt is Rs.15 per kg. As
though not satisfied with this, he tried to multiply his profit by removing 200 gm from each packet.
What is the shopkeeper’s gain percentage? (Ans: 25%)
7. A manufacturer makes a profit of 15% by selling electronic iron for Rs.6900. If the cost of
manufacturing increases by 30% and the price paid by the retailer is increased by 20%, find the
profit percentage made by the manufacturer? (Ans: 6.15%)
8. A owns a house worth of Rs.10000. He sells it to B at a profit of 15%. After some days, B sells it
back to Amit at 15% loss. Find the profit or loss of A. (Ans: 17.25% profit)
9. P sells a chair to Q at 20% profit. Q sells the same chair to R for Rs.75 thus making a profit of 25%.
Initially, A sold the chair to P with 25% profit. What was the price at which P bought the chair?
(Ans: Rs.50)
10. Amit decided to buy an article and spent Rs.110 on repairing it. After repairing he sold it to Ajay
and earned a profit of 20% on it. Further, Ajay sold it to Aakash at a loss of 10%. What was that
Amit paid for the article? (Ans: 890)
Mark up and Discount
11. Ratio of marked price and selling price, when a discount is given, of an article is 5:4 and ratio of
cost price and selling price is 5:6. If discount % is double up, then a loss of Rs.60 occurs. Find the
marked price. (Ans: Rs.900)
12. Namitha offers a discount of 20% on all the items at her shop and still makes a profit of 12%. What
is the cost price of an article marked at Rs.280? (Ans: Rs.200)
13. A shopkeeper allows a discount of 10% to his customers and still gains 20%. Find the marked price
of an article which costs Rs.450 to the shopkeeper. (Ans: Rs.600)
14. A bicycle marked at Rs.1500 is sold for Rs.1350. What is the percentage of the discount? (Ans:
10%)
15. An almirah is sold at Rs.5225 after allowing a discount of 5%. Find its marked price. (Ans: Rs.5500)
16. Suppose the cost to make a bag is Rs.20. What is the selling price, if you want a markup of 30%?
(Ans: Rs.26)
17. If you purchase an item for Rs.15 and sell it for Rs.20, what is the markup percentage? (Ans:
33.33%)
18. A dozen pairs of socks quoted at Rs. 80 are available at a discount of 10%. Find out how many pairs
of socks can be bought for Rs. 24. (Ans: 4 pairs)
19. The market price of a chair was Rs. 1200. This price was 20% above the cost price. It was sold at a
discount of 10% on the marked price. Find the profit percent. (Ans: 8%)
20. A merchant decided to mark up his goods by 20% and then offered 10% discount. What will be a
percentage of profit or loss? (Ans: 8% profit)
21. A superstore marks its goods by a certain percentage over the past price and then offers a discount
of 40%. Using this method, they make 5% profit. Find the percentage by which the goods were
marked up. (Ans: 75%)
22. A trader allows a discount of 10% on the market price of the goods. He still manages to make a
profit of 17% on the cost price. What will be profit percentage had the trader sold the goods at the
market price? (Ans: 30%)
23. A merchant sold goods at 10% discount and earned a profit of 20%. What would be the percentage
of profit if no discount was offered? (Ans: 33.33%)
24. The marked price of the product is given as Rs.2000 and the merchant decides to provide
successive discounts of 30% and 20% on the product. Find the selling price. (Ans: Rs.1120)
25. A marchant gives an additional amount of 10% on the product after an initial discount of 20% on
the listed price. He managed to make a 10% profit by selling the product for Rs.54000. What was
the listed price of the product? (Ans: 75000)