PROFIT, LOSS and DISCOUNT

WORKSHEET 1
Q1. On selling a chair for ₹720, a man gains 20%. The cost price of the
chair is
(i) ₹864 (ii) ₹576 (iii) ₹650 (iv) ₹600
Q2. On selling an article for 630, a man loses 10%. The cost price of
the article is
(i) ₹567 (ii) ₹693 (iii) ₹700 (iv) ₹730
Q3. There would be 10% loss if a toy is sold at 1080 per piece. At
what price should it be sold to earn a profit of 20% ?
(i) ₹12 (ii) ₹10 (iii) ₹1440 (iv) ₹1296
Q4. An iron box is sold at a gain of 16%. If it were sold for ₹20 more,
there would have been a gain of 20 %. The cost price of iron box is
(i) ₹420 (ii) ₹480 (iii) ₹500 (iv) ₹580.
Q5. A man sold 10 eggs for ₹ 5 and gained 20%. How many eggs did
he buy for ₹5?
(i) 12 (ii) 25 (iii) 25/12 (iv) 20
Q6. GST on a jeans is 10%. One can buy a pair of jeans at ₹6600. What
is the cost price?
(i) ₹6500 (ii)₹6100 (iii) ₹6150 (iv) ₹6000
Q7. A dealer in Calcutta buys some goods worth ₹6000. If the rate of
GST is 18%, find how much the dealer pay for the goods bought.
(i) ₹7800 (ii) ₹8070 (iii) ₹7080 (iv) ₹7819
Q8. A toy marked at ₹40 is available at ₹ 32. What percent discount is
given on the marked price.
(i)10% (ii) 20% (iii) 25% (iv) 40 %
Q9. Mithlesh purchased a T.V. for ₹ 10000 and sold it for ₹ 8000. Find
her loss %
(i)10% (ii)20% (iii) 25% (iv) 40 %
Q10. What will be the cost price of 12 kg sugar at ₹20per kg when 9%
GST is added?
(i)₹378.90 (ii) ₹350.50 (iii)₹348.80 (iv) ₹398

WORKSHEET-2

1. If CP of 18 mangoes is same as SP of 16 mangoes, find gain or

loss percent.
2. A person sells an article for ₹ 550, gaining 1/10 of its C.P. Find the
C.P. and gain percent.
3. By selling 288 pens, Rajan lost a sum equal to SP of 12 pens. Find
his loss percent.
4. If a man were to sell an article for ₹720, he would lose 25%. At
what price should he sell it so as to gain 25%?
5. A shopkeeper offers a discount of 10% on all the articles at his
shop and still makes a profit of 12%. What is the cost price of an
article whose marked price is ₹280?
6. Sunil purchased a microwave for ₹5900 including 18% GST. Find
the price of the microwave before GST was added.
7. A shopkeeper fixed the marked price of an item at 35% above its
cost price. Find the discount % so that he gains 8%.
8. A fruit seller purchases bananas at the rate of ₹45per dozen and
sells them at ₹45 for 10 bananas. Find his loss or profit percent.
9. Assertion (A) – The marked price of a book is ₹100. The
shopkeeper gives 25% discount on it. Sale
price of the book is ₹75
Reasons (R) –The price after the original price has been
reduced by a discount is known as sale price.
a) Both A and R are true and R is the correct explanation of A.
b) Both A and R are true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.
10. Assertion: Rekha bought a saree for ₹1240 and sold it for ₹1147.
Her loss is ₹93.
Reason : If the selling price of an article is less than the cost price, then
the difference between the cost price and the selling price is
called profit.

a) Both A and R are true and R is the correct explanation of A.

b) Both A and R are true but R is not the correct explanation of A.
c) A is true but R is false.
d) A is false but R is true.

WORKSHEET 3

CASE STUDY:

Q1. Asharaf went to see a movie. He wanted to purchase a movie

ticket for ₹ 80. As the ticket for ₹80 was not available, he purchased
a ticket for ₹120 of upper class.

(a)How much GST did he pay for the ₹120 ticket? (GST for a ticket
below ₹100 is 18% and GST for a ticket above ₹100 is 28%)
(i) ₹23.60 (ii) ₹33.60 (iii) ₹43.20 (iv) ₹21.60

(b)How much GST did he had to pay, if he had been able to get Rs 80
ticket?
(i) ₹14.40 (ii) ₹24.50 (iii) ₹21.65 (iv) ₹38.50

(c) How much extra GST he had to pay?

(i) ₹30.20 (ii) ₹19.20

(iii) ₹23.50 (iv)None of these

(d)What is the total price of the ticket he had purchased?

(i) ₹234.65 (ii) ₹153.60

(iii) ₹150.65 (iv) None of these

(e) What will be total price of two ₹80 tickets and one ₹120 ticket
including GST?

(i) ₹535.30 (ii) ₹486.50

(iii) ₹342.40 (iv) None of these

Q2. Ramesh sold a bed sheet at ₹ 600 and gains 20%. He sold a watch
at ₹600 and suffered a loss of 25%.

(a) Total S.P. of both the items is

(i) ₹1200 (ii) ₹ 600 (iii) ₹1205 (iv) ₹1195

(b) C.P. of bed sheet is

(i) ₹720 (ii) ₹ 620 (iii) ₹480

(iv) ₹500

(c) C.P. of watch is

(i) ₹480 (ii) ₹575 (iii) ₹800 (iv)

₹625

(d) Profit on selling bed sheet is

(i) ₹20 (ii) ₹80 (iii) ₹100 (iv)

₹125

(e) Total profit or loss on both the items is

(i) ₹20 (Profit) (ii) ₹25 (Loss) (iii) ₹100 (Profit)

(iv) ₹100 (Loss)

ANSWERS
WORKSHEET 1

Q1 (iv) ₹600 Q2(iii) ₹700 Q3(iii) ₹1440

Q4(iii) ₹500 Q5 (i) 12 Q6(iv) ₹6000
Q7(iii) ₹7080 Q8 (ii) 20% Q9(ii) 20%
Q10 (iii) ₹348.80
WORKSHEET 2

1. Profit%= 12.5% 2. C.P. = ₹500 and Gain%=10%

3. Loss% 4% 4. S.P. = ₹1200

5. C.P. = ₹225 6. Price before GST was added= ₹5000

7. Discount%= 20% 8. Profit%= 20%

9. Both A and R are true and R is the correct explanation of A.

10. A is true but R is false.

WORKSHEET 3
Q1. (a) (ii) ₹33.60 (b) (i) ₹14.40 (c) (ii) ₹19.20 (d) (ii)₹153.60
(e) (iii)₹342.40

Q2. (a) (i) ₹1200 (b) (iv) ₹14.40 (c)(iii) ₹800 (d)(iii) ₹100 (e)(iv)
₹100(Loss)