Profit and Loss Questions

Profit and Loss Questions

Profit and Loss Questions play a vital role in revising the maths concepts.

Profit and Loss Worksheet 1

1. Match each of the following with the correct options:

a. Cost price of a fridge is ₹ 7500 and sold at a loss of ₹ 1500;

loss percent is i. increases

b. As profit increases, cost price being the same, profit percent also ii. 20%

c. If cost price and selling price is the same, then iii. 50%

d. 1% of ₹ 500 is ₹ 5, so a profit of 15% on same amount is iv. no loss no gain

e. A man bought 12 eggs for ₹ 24 and sold 8 eggs for ₹ 24.

His profit percent is v. ₹ 75

2. A distributor sells a computer to the shopkeeper at a gain of 8% on the cost price and the shopkeeper sells it to the buyer at a gain of 12% on the price, he paid to the distributor. If the buyer pays ₹ 48384, what is the cost price?

3. Fill in the blanks:

a. If cost price is ₹ 250 and profit percent is 12%, then the selling price is ₹ ___________.

b. If the cost price is ₹ 160 and loss is 5%, then selling price is ₹ ___________.

c. If cost price is ₹ 12.50 and the selling price is ₹ 15, then gain is ___________%.

d. If selling price is ₹ 726 and the gain is 21%, then cost price is ₹ ___________.

e. If loss percentage is 25% and the selling price is ₹ 900, then cost price is ₹ ___________.

4. An egg dealer bought eggs for ₹ 48 per dozen. Later, it was found that out of 78 eggs that he bought, 8 were rotten and had to be rejected. He sold the remaining eggs at ₹ 9. Find the net gain or loss.

5. A machine was bought at ₹ 5000 and sold at ₹ 6000. Find the profit per cent.

6. A man sold a TV set for ₹ 38880 at a loss of 4%. At what price must it be sold to gain 8%?

7. A loss of ₹ 4000 is 8% of its cost price. Find the selling price.

8. A tea merchant mixed 10 kg of Tea A with 15 kg of Tea B. The price of Tea A is ₹ 150 per kg whereas the price of Tea B is ₹ 100 per kg. He sold the mixture at ₹ 200 per kg. Find his profit per cent.

Profit and Loss Worksheet 2

1. Fill in the blanks in each of the following.

a. If the cost price and the selling price of an article is the same then the profit percent is ___________.

b. If by selling a chair for ₹ 810, a shopkeeper makes a profit of Rs 90 then profit percent is equal to ___________ %.

c. A man sells his goods at ₹ 550 and thereby gains a profit of 10%. Hence, his cost price is ___________.

d. A shopkeeper buys 12 pencils for ₹ 8 and sells each pencil for ₹ 2. His profit on 8 pencils is ___________.

2. A t-shirt is discounted 15% on marked price of ₹ 440. Find the amount of discount and the selling price of the t-shirt.

3. State true or false:

a. If ₹ 200 is increased by 8% then it becomes ₹ 216.

b. The cost price of a dining table is ₹ 5965 and it is sold at a loss of ₹ 365 then the selling price is ₹ 6330.

c. Profit % is equal to (Profit/Cost price) × 100

d. If selling price is more than the cost price then there is a loss.

4. A fruit seller bought mangoes for ₹ 60 per kg and sold at ₹ 78 per kg. What was his gain? What profit did he earn by selling 25 kg of mangoes.

5. A man bought 80 pens for ₹ 480. He sold 14 of them at ₹ 7.50 each and the rest at ₹ 8.5 each. Find his gain or loss per cent.

6. The loss on selling a watch for ₹ 1152 is 4%. What should be the selling price so that the loss is reduced to 2%?

7. An article is marked at a price of ₹ 50 and the shopkeeper sold it for ₹ 45. Find the discount percent.

8. Choose the correct answer for each of the following:

a. A man wishes to gain 18% on an article costing ₹ 500. For this the man must sell the article at

i. ₹ 590

ii. ₹ 518

iii. ₹ 598

iv. ₹ 600

b. 10% of ₹ 600 is

i. ₹ 4

ii. ₹ 40

iii. ₹ 400

iv. ₹ 60

c. The cost price is ₹ 1200 and the selling price is ₹ 1320. Then the profit percent is

i. 12%

ii. 10%

iii. 15%

iv. 8%

9. A pencil bundle that normally costs ₹ 20 is being sold for ₹ 15. Find the discount per cent.

Profit and Loss Worksheet 3

1. The marked price of a cooler is ₹ 5,000. The shopkeeper offers a discount of 10%. Find its selling price.

2. Fill in the following blanks with the correct answer:

a. The cost price of an article whose selling price is ₹ 1392 and gain percent is 16%, is ___________.

b. If the selling price is ₹ 1810 and the profit is ₹ 800 then the cost price is ___________ and the profit per cent is ___________.

c. A shopkeeper sold a television for ₹ 25000 and thereby incurred a loss of 6%, therefore the cost price of the television was ___________.

3. A shopkeeper sells a TV at 10% profit and another at 12% profit. The cost price of first TV is ₹ 28000 and the second is ₹ 24000. Find the difference of the two profits.

4. A shopkeeper buys 108 bats at ₹ 3600 per dozen and sells each of them at ₹ 348. Find the profit per cent.

5. A shopkeeper bought two machines for ₹ 36000 each. He sold one at a gain of 20% and other at a loss of 16%. What is the net profit or loss?

6. State true or false for each of the following:

a. Oranges cost ₹ 36 per dozen and they are sold at a profit of 12%, then their selling price is ₹ 48.

b. Rohit sold his bicycle for ₹ 4140 whose cost price was ₹ 3800, so his profit percent is 8%.

c. The article with cost price ₹ 1800 is sold at 6% profit gives greater profit than the cost price ₹ 1600 and 8% profit.

7. Ravi bought a watch at ₹ 500 and spent ₹ 50 to buy a new battery for it. He sold the watch at ₹ 660. Find his gain or loss per cent.

8. The price of a watch was slashed from ₹ 1000 to ₹ 900 in off season. Find the rate of discount given by him.

9. Choose the correct answer for each of the following:

a. The cost price of a toy is ₹ 650, shopkeeper sells it at ₹ 780. Profit per cent is

i. 20%

ii. 15%

iii. 25%

iv. 23%

b. The cost price is ₹ 240 and the loss is of ₹ 30. Loss per cent is

i. 11.11

ii. 12.5%

iii. 25%

iv. 20%

c. The selling price is ₹ 7200 and the profit is ₹ 240, then cost price equals to

i. ₹ 6000

ii. ₹ 7000

iii. ₹ 7440

iv. ₹ 6960

10. A car dealer bought an old car for ₹ 72000 and spent ₹ 18000 for its repair. If the dealer wants to earn a profit of 24%, what should be the selling price of the car?

ANSWERS

Worksheet 1

1. a. ii b. i

c. iv d. v

e. iii

2. ₹ 40,000

3. a. 30 b. 8

c. 20 d. 600

e. 1200

4. 102% approx.

5. 20%

6. ₹ 43,740