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?

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

7. ₹ 46,000

8. 66.67%

Worksheet 2

1. a. zero       b. 12.5

c. ₹ 500     d. ₹ 32/3

2. Discount = ₹ 66

S.P. = ₹ 374

3. a. True       b. False

c. True       d. False

4. ₹ 18; ₹ 450

5. 38.75% profit

6. ₹ 1176

7. 10%

8. a. i          b. iv

c. ii

9. 25%

Worksheet 3

1. ₹ 4500

2. a. ₹ 1200

b. ₹ 1010; 79.2% (approx.)

c. ₹ 26,595.74 (approx.)

3. ₹ 80

4. 16%

5. ₹ 1440 profit

6. a. False     b. False

c. False

7. 20% gain

8. 10%

9. a. i           b. ii

c. iv

10. ₹ 1,11,600

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