Profit and Loss


  1. Arun bought toffees at 6 for a rupee. How many for a rupee he should sell to gain 20% ?









  1. View Hint View Answer Discuss in Forum

    CP = 100 / 6
    SP = ( 100 / 6 ) X 1.2 = 100 / 5

    Correct Option: C

    You can go through options.
    CP = 100 / 6 = 16.66 paisa
    SP = 100 / 5 = 20 paisa

    Profit (%) = [( 20 - 16.66 ) / 16.66 ] X 100
    = [ 3.33 /16.66 ] X 100
    = ( 1 / 5 ) X 100 = 20%
    Hence, option (c) is correct.


    Alternatively:
    CP = 100 / 6
    SP = ( 100 / 6 ) X 1.2 = 100 / 5

    Hence, he should sell 5 toffees for Re. 1 (100 paisa)


  1. Mr.Mittal purchased a car for Rs. 3,00,000 and a bike for his son for Rs. 1,00,000. He sold the car at a profit of 10% and bike at a loss of 20%. What is the net gain or loss?









  1. View Hint View Answer Discuss in Forum

    Gain = 10% of 3,00,000 = 30000
    Loss = 20% of 1,00,000 = 20000

    Correct Option: D

    Gain = 10% of 3,00,000 = 30000
    Loss = 20% of 1,00,000 = 20000
    Net gain = 10000 over Rs.4 lakh
    Hence, profit = 10000/400000 x 100 = 2.5%



  1. A single discount equivalent to three successive discounts of 5% , 10% , 20% is :









  1. View Hint View Answer Discuss in Forum

    Let the original price be 100 Rs.
    So reduced price = 100 X 0.95 X 0.90 X 0.80 = 68.40

    Correct Option: C

    Let the original price be 100 Rs.
    So reduced price = 100 X 0.95 X 0.90 X 0.80 = 68.40

    ∴ Single discount = (100 — 68.4) % = 31.6%


  1. An item was sold after giving two successive discount of 20% and 10% respectively. If the item was sold for Rs. 468. The marked price of that item is :









  1. View Hint View Answer Discuss in Forum

    Let the price be y , then
    y x 0.8 x 0.9 = 468

    Correct Option: D

    Let the price be y , then
    y x 0.8 x 0.9 = 468
    ∴ x=650, therefore marked price = Rs. 650


    Alternatively : 650 X 0.8 X 0.2 = 468
    Hence option (d) is correct



  1. The profit percentage on the three articles A , B and C is 10%,20% and 25% and the ratio of the cost price is 1 : 2 : 4 . Also the ratio of number of articles sold of A , B and C is 2 : 5 : 2 then the overall profit percentage is :









  1. View Hint View Answer Discuss in Forum

    CP of A + B + c = 2xy + 5x*2y - 2x*4y = 20xy

    Correct Option: B

    CP of A + B + c = 2xy + 5x*2y - 2x*4y = 20xy

    profit of A = 0.2xy
    profit of B = 2xy
    profit of C = 2xy
    Total profit = 4.2xy

    % profit = (4.2xy / 20xy) X 100 = 21%