PROFIT AND LOSS (CDS)

Total Questions: 16

1. A trader sells two computers at the same price, making a profit of 30% on one and a loss of 30% on the other. What is the net loss or profit percentage on the transaction? [2019 (II) Evening Shift ]

Correct Answer: (c) 9% loss
Solution:Let the selling price of each computers be 100x.



2. A person sells two items each at Rs. 990, one at a profit of 10% and another at a loss of 10%. What is the combined percentage of profit or loss for the two items? [2019 (II) Evening Shift ]

Correct Answer: (a) 1% loss
Solution:Let CP of 1st and 2nd items are 100x and 100y respectively.


3. If an article is sold at a gain of 6% instead of a loss of 6%, the seller gets ` 6 more. What is the cost price of the article? [2019 (I) Morning Shift ]

Correct Answer: (d) ₹50
Solution:Let cost price of an article = ₹x

4. A milk vendor bought 28 L of milk at the rate of ₹8.50 /L. After adding some water he sold the mixture at the same price. If his gain is 12.5%, how much water did he add? [2018 (II) Evening Shift ]

Correct Answer: (c) 3.5 L
Solution:Cost price of 28L of milk = 8.50 × 28 = ₹238

5. An article is sold at a profit of 32%. If the cost price is increased by 20% and the sale price remains the same, then the profit percentage becomes [2018 (I) Morning Shift ]

Correct Answer: (a) 10%
Solution:Let the cost price of article be ₹x. Profit percentage = 32%

6. Sudhir purchased a chair with three consecutive discounts of 20%, 12.5% and 5%. The actual deduction will be [2017 (II) Evening Shift]

Correct Answer: (a) 33.5%
Solution:We have given three consecutive discount 20%, 12.5% and 5%.

7. Ram buys 4 chairs and 9 stools for ₹1340. If he sells chairs at 10% profit and stools at 20% profit, he earns a total profit of ₹188. How much money did he have to pay for the chairs? [2017 (II) Evening Shift]

Correct Answer: (c) ₹800
Solution:Let the cost price of one chair be ₹x.

8. Rajendra bought a mobile with 25% discount on the selling price. If the mobile cost him ₹4875, what is the original selling price of the mobile? [2017 (I) Morning Shift ]

Correct Answer: (c) ₹6500
Solution:

9. A shopkeeper increases the cost price of an item by 20% and offers a discount of 10% on this marked price. What is his gain percentage? [2016 (II) Evening Shift]

Correct Answer: (d) 8%
Solution:

10. A cloth merchant buys cloth from a weaver and cheats him by using a scale which is 10 cm longer than a normal metre scale. He claims to sell cloth at the cost price to his customers, but while selling uses a scale which is 10 cm shorter than a normal metre scale. What is his gain? [2016 (I) Morning Shift ]

Correct Answer: (c) 22²⁄₉ %
Solution: