Chandigarh Group of Colleges, Landran
(Mohali)
Department of Training
Profit and Loss
1. If a merchant offers a discount of 40% on the marked price of his goods and thus ends up
selling at cost price, what was the % mark up? (TCS)
a) 28.57% b) 40% c) 66.66% d) 58.33%
2. A shopkeeper professes to sell his goods on cost price, but with a wrong balance he loses
20 %. What does the balance weigh wrongly in place of 1 kg? (Godrej)
a) 800 gm b) 1200 gm c ) 1250 gm
d) 1500 gm
e) 750 gm
3. I bought two articles for Rs. 1500. I sold one at a profit of 50 % and the other at a loss of
25 %. But on the whole 1 neither gained nor lost. Cost of the more expensive articles
was: (bebo)
a) Rs. 500 b) Rs. 1,000 c) Rs. 600 d) Rs. 900 e) Rs. 750
4. A sells an article to 13 at a profit of 25 % and 13 sells it to C at a profit of 20 %. 'What
would have been A's profit percent he had sold the article directly to C for the price C
actually, paid? (Godrej)
a)50% b) 75 % c)56.25 % d) 40 % e) 66-2/3%
5. A real estate agent sells two sites for Rs. 22,500 each. On one he gains 20 %and the other
he loses 20 % What is his loss or gain percent? (TCS)
a) 4 % gain
b)4 % loss
c) No profit no loss
d)3% loss e) 3% profit
6. If a retailer marks up his price by 20 % and then allows a 20 % discount, what is her
percentage profit or loss? (Patni)
a) 4 % gain
b) 1 % gain c)1% loss
d)4 % loss e)2% loss
7. By selling a box of floppy discs at Rs, 250, a dealer makes 5/4th the profit he makes by
sellIng the Same at Rs. 240, What is the cost of a box of floppy discs? (TCS)
a) Rs. 175
b) Rs, 200 c) Rs. 400
d) Rs. 150 e) Rs. 230
8. A forest of 15 hectares as purchased by a contractor for Es. 271,500: The contractor
incurred a w a n expenditure of Es. 57,500 on it, By the end of the year he sold timber
and firewood worth Rs, 423,000, What is his gain percent on his outlay?
a) 14 2/7 % b) 28 4/7 % c) 77 7/9%
d) 42-6/7% e) 88 8/9)
9. By selling an article for Rs 400 more, Karthik would have made 4 % profit on his sale
instead of a 12 % loss. What was his cost price? (bebo)
a) Rs. 2,500 b) Rs, 3,000 c) Rs. 1,250 d) Rs. 5,000 e) Rs. 3750
10. A shopkeeper gives 10 % discount to any one on the marked price. He gives a further 15
% if paid in cash, Ram bought an article for cash, while Laksman bought the same article
at the same marked prim for credit. Rain paid Rs 27 less than Laksman. Find the marked
price of the article. (TCS)
a) Rs. 100 b) Rs. 2,000 c) Rs. 200 d) Rs. 1250
11. Eggs bought at ten rupees per dozen are mixed with an equal number of others bought at
Rs. 12 dozen. If all those are sold at 110 p each, find the gain percent.
a) 20 % b) 10 % c) 40 % d) 25%
12. A dealer paid a car manufacturer Rs. 95,000 for a car. What should be the selling price of
the car, if after allowing a buyer 5 % discount on the selling price, he made a profit of 25
% on his outlay? (Godrej)
a) . Rs. 50,000 b) 1,00,000 c) Rs. 1,25,000 d) Rs. 1,12,500 e) . Rs. 1,30,000
13. A manufacturer sells a car to a dealer at a profit of 25 %. The dealer sells it to a customer
at a profit of 20 %. If the customer paid Rs. 120,000, find the cost to the manufacturer of
the car
a) Rs. 75,000 b) Rs. 70,000 c) . Rs. 60,000 d) Rs. 50,000 e) Rs. 80000
14. A man purchases two watches at Rs 560. He sells one at 15 % profit and the other at a 10
% loss. Then he neither gains nor loses. Find the cost price of each watch. (bebo)
a) .224,336 b) 200, 300 c) 324, 236 d) 345,165 e) 5.245,255
15. A watch dealer sells watches at Rs. 600 per watch. He is forced to give two successive
discounts of 10 and 5 % respectively. However, he recovers the sales tax on the net sale
price from the customer at 5 % of the net price. What price does a customer have to pay
him to buy the watch?
a) Rs. 539.75 b) Rs. 539.65 c) Rs. 538.75 d) Rs. 538.65
16. Kerishan bought 100 kg of rice for Rs. 1,100 and sold it at a loss of as much money as he
received for 20 kg rice. At which price did he sell the rice? (TCS)
a) . Rs. 9 per kg b) Rs. 9.17 per kg c) Rs, 9.5 per kg d) Rs. 10.33 per kg
17. An orange vendor makes a profit. of 20 % by selling oranges at a certain price. If he
charges Rs, 1.2 higher per orange he would gain 40 %. Find the original price at which
he sold an orange. (TCS)
. a) Rs. 5
b) Rs. 4.8 c) Rs. 6 d)None of these
18. A coffee dealer sold coffee at Rs. 75 per kg thereby gaining 20 %. After the duty was rais
coffee cost Rs. 150 per quintal more and it was then sold at Rs. 80 per kg. How much per
cent then gained? (Godrej)
a) 12.5 % b) 25% c) 20 % d) None of these
19. A dealer bought a computer and a printer for Rs. 40,000. fie sells the computer at a profit
of 15 % and the printer at a loss of 10 % and finds that in the total deal he has made an
overall profit of 5 %. What is the cost of the printer and the computer respectively? (Tech
Mahindra)
a) 10000, 30000 b) 25000, 15000 c) 16000, 24000 d) 24000, 30000 e) 20000,
30000
20. A merchant buys 60 woolen rugs. I4e sells three-fourth of them so as to gain Rs. 240 on
each and all the remaining for Rs. 5,400. If he gets 20 % profit on the whole, find the cost
price of each rug. (TCS)
a) Rs. 400 b) Rs. 600 c) Rs. 1200 d) Rs. 900 e) Rs. 750
21. A CD player manufacturer marks his product 87.5 % above its cost price. He allows his
distributor a discount of 40 % on the list price and the distributor allows the retailer a
discount of 30 % on the marked price. Find the profit margin of the manufacturer and the
retailer. (Godrej)
a) 12.5 %, 42.86 % b) 12.5 %, 16.67 % c) 42.86 %, 16.67 % d) 17.5%, 25% e)
16.67%, 33.33%
22. bombay merchant has to remit some money to England. A moneychanger takes 5 paisa
more than the bank rate per rupee per pound. The merchant reckons that he needs Rs.
3,660, if he converts his money through the changer, while he needs Rs. 3650 through the
bank for sending the same amount of English money. What is the bank rate of exchange
in Rupees/ pound and how much money had he to remit in pound sterling?
a) Rs. 17.25, pounds 200 b) Rs. 18.25, pounds 200
c). Rs. 17.25, pounds 300
d). Rs. 18.25, pounds 300
e). Rs. 19.25, pounds 250
23. A dishonest dealer professes to sell his goods at a profit of 20 percent and also weighs
800 grams ID place of a kg. Find his actual gain percent. (TCS)
a) 45 % gain b) 50 % gain c)40 % gain d) No gain no loss e) 60% gain
24. A retailer buys 30 articles from a wholesaler at the price of 27. If he sells them at d) None
their marked price, the gain percent in the transaction is :
(a) 9 -1/11 % (b) 10% (c) 11- 1/9 % (d) 16-2/3%