ASTRON INSTITUTE OF MANAGEMENT & TECHNOLOGY PROFIT & LOSS

1.25% profit is made if an article is sold for Rs.437.50. What is the CP of the article? a. 328.125 b. 350 c. 325 d. None e. cannot be determined 2. The owner of the electronics shop charges his customers 22% more than the CP. If a customer paid Rs.10,980 for a DVD player, then what was the CP of the DVD player? a. Rs.8000 b. Rs.8800 c. Rs.9500 d. Rs.9200 e. None 3. A man buys a cycle for Rs 1400 and sells it at loss of 15% what is the selling price of the cycle? a. Rs 1090 b. Rs.1160 c. Rs.1202 d. Rs.1190 e. None 4. A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the whole lot at the rate of Rs 6.50 per kg .What will be his gain percent? a. 4 1/6 % b. 6 1/4 % c. 8 1/3 % d. 20% e. None 5. A man buys an article for Rs 27.50 and sells it for Rs 28.60 .Find his gain %? a. 4 b. 8 c. 2 d. 10 e. None 6. A dishonest shopkeeper uses 800 gm weight instead of 1kg and mixes 20% impurities to wheat. Find his gain %. a. 30 b. 40 c. 50 d. 60 e. None 7. By selling 45 lemons for Rs. 40, a man loses 20%. How many should he sell for Rs. 24 to gain 20% in the transaction? a. 19 b. 18 c. 24 d. 22 e. 23 8. The CP of an article is Rs.800. After allowing a discount of 10%, a gain of 12% was made. Then the marked price of the article is? a. 1,000 b. 1,100 c. 1,200 d. 1,300 e. None 9. The SP of 10 Oranges is the CP of 13 Oranges. Then the profit % is? a. 30% b. 10% c. 13% d. 3% e. Cannot be determined 10. When the price of an article is reduced by 20%, its sale increased by 80%. What was the net effect on the sale? a. 44% increase b. 44% decrease c. 66% increase d. 75% increase e. None 11. If selling price is doubled, the profit triples. Find the profit percent. a. 66 2/3 b. 100 c. 105 1/3 d. 120 e. None 12. A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%? a. 3 b. 4 c. 5 d. 6 e. None 13. A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit? a. Rs.18.20 b. Rs.70 c. Rs.72 d. Rs.88.25 e. None 14. Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is? a. 30% b. 33 1/3 % c. 35% d. 44% e. None 15. When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%? a. Rs.21, 000 b. Rs.22, 500 c. Rs.25, 300 d. Rs.25, 800 e. None 16. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs.30 per kg. His profit percent is? a. No profit, no loss b. 5% c. 8% d. 10% e. None 17. A man purchased 20 dozen of toys at the rate of 375 Rs. per dozen. He sold each of them at rate of Rs.33. What was his profit%? a. 5.6% b. 6.5% c. 7% d. 5% e. None 18. If an article is sold at 5% gain instead of 5% loss, seller gets Rs.6. 72 more. The CP of article is? a. 60% b. 65% c. 67.3% d. 67.2% e. None 19. Two discounts of 40% and 20% is equal to a single discount of? a. 42 b. 51 c. 52 d. 62 e. 60 20. If the CP is 96% of the SP, then what is the profit % ? a. 4% b. 4.17% c. 5% d. 5.17% e. None

ANSWERS: 1. b 2. e 3. d 4. c 17. a 18. d 19. c

5. a 6. c 20. b

7. b

8. a

9. a

10. a

11. b

12. c

13. c

14. d

15. c

16. b