Profit and Loss

1. A man bought toffees at 3 for a rupee. How many for a rupee must he sell to gain 50%

A. 2

B. 4

C. 6

D. 2.5

     A. 2

2. By selling 33 meters of cloth, one gains the selling price of 11 meters. Find the gain percent.

A. 33.33%

B. 66.66%

C. 50%

D. 25%

     C. 50%

3. A man buys an article for Rs. 27.50 and sells it for Rs. 28.60. Find his gain percent.

A. 11%

B. 4%

C. 8%

D. 12%

     B. 4%

4. A person incurs 5% loss by selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit?

A. 1160

B. 1260

C. 1180

D. 1240

     B. 1260

5. A grocer purchased 80 kg of sugar at 13.50 per kg and mixed it with 120 kg sugar at Rs. 16 per kg. At what rate should he sell the mixture to gain 16%.

A. 14.70 per kg

B. 15.40 per kg

C. 17.40 per kg

D. 16.40 per kg

     C. 17.40 per kg

6. A dishonest dealer professes to sell his goods at cost price but uses a weight of 960 gms for a kg weight. Find his gain percent.

A. 4.166

B. 3.666

C. 6.999

D. 4.0

     A. 4.166

7. A book was sold for 27.50 with a profit of 10%. If it were sold for 25.75, then what would have been the percentage of profit or loss?

A. 3% Loss

B. 3% Profit

C. 6% Profit

D. 6% Loss

     B. 3% Profit

8. A tradesman sold an article at a loss of 20%. If the selling price had been increased by Rs. 100, there would have been a gain of 5%. What was the cost price of the article?

A. 300

B. 400

C. 500

D. 600

     B. 400

9. Find the single discount equivalent to a series discount of 20%, 10% and 5%.

A. 68.4%

B. 34.2%

C. 31.6%

D. 31%

     C. 31.6%

10. When a producer allows 36% commission on the retail price of his product, he earns a profit of 8.8%. What would be his profit percent if the commission is reduced by 24%.

A. 49.6%

B. 36.9%

C. 49.9%

D. 64%

     A. 49.6%

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