Profit and Loss


  1. The loss incurred on selling an article for Rs. 270 is as much as the profit made after selling it at 10% profit. The C.P. of the article is ?









  1. View Hint View Answer Discuss in Forum

    Let C.P.be Rs. x then, x - 270 = 10% of x = x / 10
    ∴ x = 300

    Correct Option: D

    Let C.P.be Rs. x then, x - 270 = 10% of x = x / 10
    ∴ x = 300


  1. A discount series of 10%, 20% and 40% is equal to single discount of ?









  1. View Hint View Answer Discuss in Forum

    Let original price = Rs. 100
    Price after 1 st discount = Rs. 90
    Price after 2 nd discount = Rs. (80/100) x 90 = Rs. 72
    Price after 3 rd discount = Rs. (60/100) x 72 = Rs. 43.20

    ∴ Single equivalent discount = (100 - 43.20) = 56.8%

    Correct Option: B

    Let original price = Rs. 100
    Price after 1 st discount = Rs. 90
    Price after 2 nd discount = Rs. (80/100) x 90 = Rs. 72
    Price after 3 rd discount = Rs. (60/100) x 72 = Rs. 43.20

    ∴ Single equivalent discount = (100 - 43.20) = 56.8%



  1. The C.P. of an article is 40% of the S.P. The per cent that the S.P. is of C.P. is ?









  1. View Hint View Answer Discuss in Forum

    Let S.P. = Rs. 100
    Then C.P. = Rs. 40
    ∴ Required percent = (100/40) x 100% = 250%

    Correct Option: D

    Let S.P. = Rs. 100
    Then C.P. = Rs. 40
    ∴ Required percent = (100/40) x 100% = 250%


  1. Toffees are bought at the rate of 8 for a rupee. To gain 60% they must be sold at ?









  1. View Hint View Answer Discuss in Forum

    Suppose he buys 8 toffees
    Then, C.P. = Re. 1
    Gain = 60%
    ∴ S.P. = Rs. (160 / 100 x 1) = Rs. 8 / 5
    For Rs. 8 / 5, toffees sold = 8
    For Re. 1 toffees sold = (8 x 5) / 8 = 5
    So, he must sell them at 5 for a rupee

    Correct Option: B

    Suppose he buys 8 toffees
    Then, C.P. = Re. 1
    Gain = 60%
    ∴ S.P. = Rs. (160 / 100 x 1) = Rs. 8 / 5
    For Rs. 8 / 5, toffees sold = 8
    For Re. 1 toffees sold = (8 x 5) / 8 = 5
    So, he must sell them at 5 for a rupee



  1. Jimmy bought paper sheets for Rs. 7200 and spent Rs. 200 on transport paying Rs. 600 he had 330 boxes made, which he sold at Rs. 28 each. What is his profit percentage ?









  1. View Hint View Answer Discuss in Forum

    C.P. of 330 boxes = Rs. (7200 + 200 + 600) = Rs.8000
    S.P. of 330 boxes = Rs. (330 x 28) = Rs. 9240

    Correct Option: A

    C.P. of 330 boxes = Rs. (7200 + 200 + 600) = Rs.8000
    S.P. of 330 boxes = Rs. (330 x 28) = Rs. 9240
    ∴ Gain % = (1240 / 8000) x 100 % = 15.5%