PROFIT AND LOSS

FM: - 30 Time: - 45 minutes Date___________________

1. Rohan sells his cycle to Mohan at 20% profit and Mohan spends Rs 400 on the repairing of cycle after
that he sold it to Tina at 12.5% profit. If the cost price of cycle for Tina is Rs 4500, then find the cost
price of cycle for Rohan?
(a) Rs 2500 (b) Rs 3500 (c) Rs 3000 (d) Rs 4200 (e) Rs 4000

2. Two horses were sold at Rs 12600. First horse was sold at 20% loss and second at 25% profit. If the
cost price of first horse is equal to selling price of second horse. Find the overall profit/loss
(a) Rs 360 (b) Rs 440 (c) No profit or no loss (d) Rs 542 (e) Can’t be determined

3. A Shopkeeper Marked up an article 40% above its cost price and gives two successive discounts of 142
7 % and 10% on it. If Difference between profit earned and discount given on article is Rs. 24, then
find M.R.P of article?
(a) Rs. 112 (b) Rs. 140 (c) Rs. 108 (d) Rs. 120 (e) Rs. 116

4. The cost price of 50 items is equal to the marked price of 30 items. If no profit or loss is made in selling
those items, then what is the percentage discount provided?
(a) 50 % (b) 45 % (c) 55 % (d) 40 % (e) 35 %

5. A man sold two cows at Rs. 1995 each. On one he lost 10% and on the other he gained 10%. What his
gain or loss percent?
(a) 4% (b) 2% (c) 0.5% (d) 1% (e) None of these

6. A shopkeeper in place of selling a article at 10% profit, mark up the article 30% above cost price and
gives a discount of 10%. In this process he gets Rs. 56 more profit. Find the cost price of article.
(a) Rs. 400 (b) Rs. 1000 (c) Rs. 800 (d) Rs. 600 (e) Rs. 500

7. . Type A milk of cost price Rs 35 per litre is mixed with Type B milk having cost price rs 50 per litre in
the ratio 3:2 respectively, then find the selling price(per kg) of the final mixture when sold at 25%
profit ?(in rs)
(a) 51.25 (b) 48.75 (c) 53.3 (d) 57.4 (e) 53.5

1
8. Hemant makes 122% profit on selling a book at a certain price. If he sells it at Rs. 4 more than it’s
1
selling price, then be would gain 4th of cost price. Find new selling price of book?
(a) Rs. 32 (b) Rs. 36 (c) Rs. 34 (d) Rs. 40 (e) Rs. 48

9. A shopkeeper marked up the price of a bag by 20% while gave two discounts of 10% and d%. If he has
allowed only first discount then he would have gained Rs 27 more. Find CP if he gained Rs 13 in whole
transaction.
(a) Cannot be determined (b) Rs 540 (c) Rs 600 (d) Rs 500 (e) None of these

10. Johny calculates his profit at cost price while Jini at selling price. If cost price is same for all and
everyone calculate their profit as 10%. Find ratio of selling price.
(a) 100: 111 (b) 10: 11 (c) 10: 101 (d) 99: 100 (e) 𝐶𝑎𝑛𝑛𝑜𝑡 𝑏𝑒 𝑑𝑒𝑡𝑒𝑟𝑚𝑖𝑛𝑒