" Given below are questions based on Profit , Loss & Discount . Get handy practice with some of the specially designed questions from a wide variety with difficulties ranging from moderate to difficult. Try your hand and find out whether your practice is paying off! "
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• This paper contains 25 Multiple Choice Questions.
• There is only one correct answer to each question.
• At the end of the Quiz there will be a link click on it and watch the video.
Q1 . Two items were sold both at the same price. The first item was sold at a profit of 40% and the second at a profit of 60%. If the customer paid a total sum of Rs.12000 for the two items, then at what price (in Rs) did the shopkeeper purchase the cheaper item?
Q2 . Amar went to a shop to buy a shirt. The amount he had with him was equal to the list price of one of the shirts in the shop. As a result of a 30% discount that he received on the shirt, he was able to buy one more shirt worth Rs.600 and still save Rs.270. The initial amount with Amar is Rs. ?
Q3 . A wholesale vegetable vendor sold potatoes, marked at Rs.1000. Four successive discounts of 10% each, instead of the promised 40% discount were offered. By what amount did the vendor defraud the customer?
Q4 . Roopa sold 300 pens in a day. She made neither a profit nor a loss on one out of every four pens that she sold. If she earned an average profit of 20% on the remaining pens, find her overall profit percentage.
Q5 . If the selling price of 10 oranges is equal to the cost price of 14 oranges, which, in turn, is equal to one-third of the discount offered on 10 oranges, then find the profit/loss percentage when the markup percentage is halved and the discount percentage is decreased by 5 percentage points.
Q6 . Mr. Reddy, before shifting from the US sold a few of his articles. He sells his bicycle for 30% profit, lamp for 20% loss and M.P. 3 player for 20% profit. He made neither a profit nor a loss on the lamp and the M.P. 3 player taken together. There is a net profit of 8% when the bicycle and lamp are taken together. Find the overall profit or loss on all three items taken together.
Q7 . A retail fruit vendor purchases two varieties of oranges at the rates of 12 oranges for Rs.18 and 18 oranges for Rs.12. He mixes the two varieties in the ratio 2: 3 and sells the mixed stock at a price of Rs.144 for 10 dozens. What percentage of profit or loss does he make?
Q8 . A shopkeeper marks up his goods by 20% and then gives a discount of 20%. Besides he cheats both his supplier and customer by 100 g, that is, he takes 1100 g from his supplier and sells only 900 g to his customer. What is his net profit percentage?
Q9 . A man would gain 25% by selling a chair for Rs.47.5 and would gain 15% by selling a table for Rs.57.5. He sells the chair for Rs.36; what is the least price for which he must sell the table to avoid any loss on the two together?
Q10 . Amit brought two cars. He then sold the first car at 10% profit and the second one at 25% profit. The selling price of the second car is 25% more than the selling price of the first car. What is the approximate profit percent in both the cars together?
Q11 . Amar sold his moped to Bharat at 20% profit and Bharat sold it to Sridhar at 10% profit. Sridhar sold the same to a mechanic and received Rs.2316. If Amar had sold the same moped to the mechanic and received the same amount the mechanic paid to Sridhar, what profit percentage would Amar have made?
Q12 . The CP of a dozen mangoes is equal to the selling price of 10 mangoes. The SP of apples per piece is the cost price of a mango (per piece). If the profit % made on selling an apple is half that of selling a mango, then what is the cost of an apple if the selling price of one mango is Rs. X?
Q13 . Gangaram buys 7000 bananas at Rs. 2 each and agrees to pay an additional sum of Rs. 300 for their delivery. He estimated that 10% of the bananas will be spoiled, so he decides on a selling price of Rs. 3 each for the remaining. However, during delivery, 20% of the bananas are spoiled. What should be the percent increase in the selling price to obtain the same total profit?
Q14 . A man buys two cycles at a total cost of Rs. 900. By selling one cycle for 4/5th of its cost and the other for 5/4th of its cost, he makes a profit of Rs. 90 on the whole transaction. Find the cost prices of both the cycles.
Q15 . Simran, a vegetable vendor, has a faulty weighing balance, the right pan of which weighs 200 gm more than the left pan. He has a weight of 1 kg only. While buying goods, he keeps the weight on the right pan. While selling the vegetables, he keeps the weight on the left pan. If he sells the vegetables at their cost price, what is his percentage gain?
