Practice Material for Profit Loss
Level 1
1. Indicate the amount of profit or loss in the following
Cost Price (Rs. )
16
350
1200
1680
65
Selling Price (Rs.)
22
455
1107
1733
58
Profit / Loss (Rs. )
_____
_____
_____
_____
_____
2. Find the missing values in the following table:
Rs.
CP
Rs.
SP
Rs.
LP
Rs.
Rs.
Percentage
Profit P / Discount Profit / Loss
Loss L
300
480
600
?
?
?
650
?
1300
130 P
?
?
?
480 666.67
60 P
?
?
250
290
?
?
?
?
125
?
?
?
?
12% P
?
?
?
12 P
12
?
?
420
?
?
280
30% P
?
?
1250
450 P
250
?
750
?
950
?
?
?
1650 1848
?
?
?
?
?
1648.2 ?
?
?
33%P
640 832
?
?
468
?
Percentage
Discount
?
?
?
60%
44%
10%
?
?
14%
7.6%
39%
?
3.
(a) What is the profit percentage if an item costing Rs.160 is sold at Rs.198?
(b) What is the loss percentage if an item sold at Rs.240 had incurred
a loss of Rs.160?
(c) What should be the selling price of an item costing Rs.450,
if we wish to have a profit of 14%?
(d) What is the percentage discount offered, if a shopkeeper offers
a wristwatch for Rs.364, while it was labeled Rs.400/-?
4. What is the actual selling price of a leather hand bag, if the
labeled price is Rs.3700/- and the seller offers 13% discount?
5. What is the amount of discount offered when a towel labeled
Rs.160/- is available at 6% off?
6. After two successive discounts of 20% and 25%, what will be
the selling price of a jeans labeled at Rs.2500?
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Level 2
1. A shopkeeper bought a cycle at 20% discount on its original price.
He sold it at a price that was 30% higher than the original price.
Find the percentage profit he made.
a. 62.5%
b. 64%
c. 65%
d. 67.5%
2. A shopkeeper makes a profit of 22% by selling an item at a certain price.
If he charges Rs. 9 more on each item, he earns a profit of 37%.
Find the cost price of the article.
a. Rs. 60
b. Rs. 65
c. Rs. 65
d. None of these
3. A retailer sells an old-technology TV set to B at a loss of 24%.
B sells the same to C, incurring a loss of 15%. If C paid Rs. 7752 for the TV,
find at what price did A buy the TV?
a. Rs. 11,000
b. Rs. 11,500
c. Rs. 13,000
d. Rs. 12,000
4. Anil sold a table at a profit of 62%. Had he sold it for Rs. 832 more,
he would have made a profit of 70%. Find the cost price of the table.
a. Rs. 11,400
b. Rs. 12,400
c. Rs. 10,400
d. None of these
5. On selling a chair at 7% loss and a table at 6% gain, a dealer gains
Rs. 403. If he sells the chair at 9% gain and the table at 11% gain,
he gains Rs. 979. The cost price of the table is
a. Rs. 8800
b. Rs. 8400
c. Rs.8000
d. Rs. 8300
6. Even after reducing the marked price of a flower-vase by Rs. 24,
a shopkeeper makes a profit of 11%. What percentage profit would
the shopkeeper make if he sells the flower-vase at the marked price,
given that the cost price of the flower-vase is Rs. 240?
a. 22%
b. 21%
c. 20%
d. None of these
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7. A trader mixes 25 kgs of wheat of Rs.20 per kg with 35 kg of wheat of
Rs. 30 per kg. and sells the mixture at Rs. 31 per kg. Find his
approximate profit percent.
a. 4.7%
b. 5%
c. 4.5%
d. 5.5%
8. A trader sold 35% of his goods at 25% profit, 25% of his goods at
45% profit and the remaining at 30% loss. Find his overall profit
or loss percent.
a. 7% profit
b. 7.5% loss
c. 8% profit
d. no profit no loss
9. A shopkeeper gives an additional 15% discount on the discounted price
of a pair of leather shoes, after giving a initial 10% discount on the label price.
If the final sale price of the shoes was Rs.2754, find the original
label price (LP) of the shoes. Also, if he made a profit of 2%, find the
original cost price (CP) of the leather shoes.
a. LP = Rs. 3,700; CP = Rs. 3,200
b. LP = Rs. 3,600; CP = Rs. 2,700
c. LP = Rs. 3,800; CP = Rs. 3,300
d. LP = Rs. 4,500; CP = Rs. 3,700
10. Suraj wishes to gain 16% after offering 25% discount. What price
should he label the pen, if it originally cost him Rs.450?
a. Rs. 696
b. Rs. 670
c. Rs. 796
d. Rs. 685
11. Samarth offers 10% discount and yet gains 20%. If his gain was Rs.90
find the label price.
a. Rs. 600
b. Rs.650
c. Rs. 640
d. Rs. 630
12. Fanny recovers the cost price of 30 pens in selling 21 pens. What is
her percentage profit?
a. 40.29%
b. 41.66%
c. 42.85%
d. 43.07%
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13. A shopkeeper sells pair of jeans for Rs. 770, making a profit of 40%,
while he sells a bottle of perfume at Rs. 400, incurring a loss of 30%.
On the whole, how many Rupees did he gain or lose?
a. Rs. 142 profit
b. Rs. 143 profit
c. Rs. 140 loss
d. Rs. 145 profit
14. Tausif uses faulty weights while selling sugar. The balance shows 600gms
while the actual weight is 500gms. What percentage does Asif gain
by way of cheating?
a. 20%
b. 22%
c. 21%
d. 19%
15. Kanu mixes 80ml water in 1200ml of pure milk. What percentage does
he gain through this adulteration?
a. 7.77%
b. 6.66%
c. 5.66%
d. 7.11%
16. Bobby cheats 9% while buying and 8% while selling. What percentage
does Bobby gain by way of cheating?
a. 13.42%
b. 17.72%
c. 17.53%
d. 18.72%
17. Navroz cheats 3% while buying and 4% while selling. What percentage
does Navroz gain by way of cheating?
a. 6.21%
b. 7%
c. 8.12%
d. 7.12%
18. Allwyn sells two cars, each at Rs.6,00,000. On one he got 22% profit,
while on the other he lost 22%. What is his overall percentage profit or loss?
a. 4.84% loss
b. 4.84% profit
c. No profit no loss
d. None of these
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ANSWERS
Level 1
1.
Cost Price (Rs. )
16
350
1200
1680
65
Selling Price (Rs.)
22
455
1107
1733
58
Profit / Loss (Rs. )
Profit Rs. 6
Profit Rs. 105
Loss Rs. 93
Profit Rs.53
Profit Rs. 7
2.
Rs.
Rs.
Rs.
CP
SP
LP
Rs.
Rs.
Percentage Percentage
Profit Discount Profit
/ Discount
P/
Loss
Loss L
300
480
600
180 P
120
60%
20%
650
780
1300
130 P
520
20%
40%
420
480
666.67
60 P
186.67
14.28%
28%
250
290
725
50P
435
16%
60%
125
140
250
15
110
12% P
44%
96
108
120
12P
12
12.50%
10%
323.07
420
700
96.93
280
30% P
40%
800
1000
1250
450 P
250
25%
20%
750
817
950
67
133
8.93%
14%
1650
1848
2000
198
152
12%
7.60%
1239.25 1648.2 2701.96 408.95 1053.76 33%P
39%
640
832
1300
192
468
30%
14.76%
3. a. 23.75%
b. 40%
c. Rs. 513
d. 9%
4. Rs. 3219
5. Rs. 9.6
6. Rs. 1800***
Part 2
1.A
2.A
3.D
4.C
5.C
6.B
7.C
8.C
9.B
10.A
11.A
12.C
13.A
14.A
15.B
16.B
17.D
18.A **************
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