Showing 1–10 of 33 questions
in Profit and Loss
A fruit seller buys mangoes at 4 for ₹10 and sells at 5 for ₹14. What is the profit percentage?
EXPLANATION
CP per mango = 10/4 = 2.5. SP per mango = 14/5 = 2.8. Profit = 0.3. Profit% = (0.3/2.5) × 100 = 12%
A retailer marks articles 40% above cost price but gives 20% discount on marked price. What is the net profit percentage?
EXPLANATION
Let CP = 100. MP = 140. After 20% discount, SP = 140 × 80/100 = 112. Profit% = 12%
A vendor buys oranges at ₹8 per dozen and sells them at ₹1 per orange. What is his profit percentage?
EXPLANATION
CP per orange = 8/12 = ₹2/3. SP per orange = ₹1. Profit = 1 - 2/3 = ₹1/3. Profit% = (1/3)/(2/3) × 100 = 50%
A merchant sold goods for ₹3,000 at a gain of 25%. What is the cost price?
A
₹2,200
B
₹2,400
C
₹2,500
D
₹2,600
Correct Answer:
B. ₹2,400
EXPLANATION
SP = CP × 1.25. 3000 = CP × 1.25. CP = 3000/1.25 = ₹2,400
A shopkeeper marks goods 25% above cost price and gives a discount of 10%. What is his net profit percentage?
A
10%
B
12.5%
C
13.5%
D
15%
EXPLANATION
Let CP = 100. MP = 125. SP = 125 × 0.90 = 112.5. Profit% = (12.5/100) × 100 = 12.5%
If cost price and selling price of an item are in ratio 4:5, what is the profit percentage?
A
20%
B
25%
C
33.33%
D
40%
EXPLANATION
Let CP = 4x, SP = 5x. Profit = x. Profit% = (x/4x) × 100 = 25%
A person buys notebooks at ₹15 per piece and sells at ₹22 per piece. If he sells 300 notebooks, what is his profit?
A
₹1,800
B
₹2,000
C
₹2,100
D
₹2,400
Correct Answer:
C. ₹2,100
EXPLANATION
Profit per notebook = 22 - 15 = ₹7. Total profit = 7 × 300 = ₹2,100
If an article is sold for ₹460, the profit is 15%. What would be the profit percentage if it is sold for ₹500?
A
22.5%
B
25%
C
27.5%
D
30%
EXPLANATION
If SP = 460 and profit = 15%, then CP = 460/1.15 = ₹400. If SP = 500, Profit% = (500-400)/400 × 100 = 25%
A retailer purchases items at ₹80 per unit and sells them at ₹120 per unit. If he sells 150 units, what is his total profit percentage?
EXPLANATION
Profit per unit = 120 - 80 = ₹40. Profit% = (40/80) × 100 = 50%
A shop offers 'Buy 3 Get 1 Free' offer on items marked at ₹100 each. What is the effective discount percentage?
A
20%
B
25%
C
30%
D
33.33%
EXPLANATION
For 4 items: Total marked price = ₹400. Customer pays for 3 = ₹300. Discount = 100/400 × 100 = 25%.
