Profit & Loss Worksheet-8

Profit & Loss Worksheet-8

1. At what profit percent must an article be sold so that by selling at half that price, there may be a loss of 30%?

(a) 25%              (b) 36%              (c) 40%              (d) 42%

2. The C.P. of an article is 40% of the S.P. The percent that the S.P. is of C.P. is:

(a) 250               (b) 240               (c) 60                  (d) 40

3. By selling a pen for Rs. 15, a man loses one-sixteenth of what it costs him. The cost price of the pen is:

(a) Rs. 16           (b) Rs. 18           (c) Rs. 20           (d) Rs. 21

4. By selling an article, Michael earned a profit equal to one-fourth of the price he bought it. If he sold it for Rs. 375, what was the cost price?

(a) Rs. 281.75   (b) Rs. 300        (c) Rs. 312.50   (d) Rs. 350

5. 10% loss on selling price is what percent loss on the cost price?

(a)            (b)          (c) 10%               (d) 11%

6. If loss is of S.P., the loss percentage is:

(a)           (b) 20%              (c) 25%               (d)

7. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

(a) 30%              (b) 70%              (c) 100%            (d) 250%

8. The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit?

(a) Rs. 920        (b) Rs. 960        (c) Rs. 1060      (d) Rs. 1200

(e) None of these

9. The profit earned by selling an article for Rs. 900 is double the loss incurred when the same article is sold for Rs. 450. At what price should the article be sold to make 25% profit?

(a) Rs. 600        (b) Rs. 750        (c) Rs. 800       (d) Data inadequate

10. The percentage profit earned by selling an article for 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280 at what price should the article be sold to make 25% profit?

(a) Rs. 2000     (b) Rs. 2200     (c) Rs. 2400      (d) Data inadequate

(e) None of these

11. Profit earned by selling an article for Rs. 1060 is 20% more than the loss incurred by selling the article for Rs. 950. At what price should the article be sold to earn 20% profit?

(a) Rs. 980        (b) Rs. 1080      (c) Rs. 1800      (d) None of these

12. If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is:

(a) 25%              (b)            (c) 50%              (d)

13. The cost price of 19 articles is equal to the selling price of 16 articles. Gain percent is:

(a)            (b)           (c)            (d) 20%

14. If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is:

(a) 20% loss      (b) 20% gain     (c) 25% loss      (d) 25% gain

15. If by selling 110 mangoes, the C.P. of 120 mangoes is realised, the gain percent is:

(a)            (b)             (c)         (d)

Answer Key:

(1)-c; (2)-a; (3)-a; (4)-b; (5)-a; (6)-c; (7)-b; (8)-b; (9)-b; (10)-a; (11)-d; (12)-c; (13)-c; (14)-a; (15)-a