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Home › Grade8 › OLYMPIAD › Math Olympiad-Grade-8 › Profit & Loss › Profit & Loss Worksheet-3

Profit & Loss Worksheet-3

Profit & Loss Worksheet-3

 

  1. A bag marked at Rs. 80 is sold for Rs. 68. The rate of discount is:

(a) 12%               (b) 15%               (c)          (d) 20%

 

  1. A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles?

(a) Rs. 11            (b) Rs. 22          (c) Rs. 33           (d) Rs. 44

 

  1. A shopkeeper gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labelled price of a radio. If the final sale price of the radio is Rs. 704, then what is its labelled price?

(a) Rs. 844.80  (b) Rs. 929.28  (c) Rs. 1000      (d) Rs. 1044.80

 

  1. A fan is listed at Rs. 1500 and a discount of 20% is offered on the list price. What additional discount must be offered to the customer to bring the net price to Rs. 1104?

(a) 8%                (b) 10%              (c) 12%               (d) 15%

 

  1. A discount of 15% on one article is the same as a discount of 20% on another article. The costs of the two articles can be:

(a) Rs. 40, Rs. 20                         (b) Rs. 60, Rs. 40

(c) Rs. 80, Rs. 60                         (d) Rs. 60, Rs. 40

 

  1. If the S.P. of Rs. 24 results in a 20% discount on list price, what S.P. would result in a 30% discount on list price?

(a) Rs. 18           (b) Rs. 20          (c) Rs. 21           (d) Rs. 27

 

  1. An article was sold for Rs. y after giving a discount of x%. Then, its list price is:

(a)         (b)            (c) (d) None of these

 

  1. Jatin bought a refrigerator with 20% discount on the labeled price. Had he bought it with 25% discount, he would have saved Rs. 500. What is the labeled price of the refrigerator?

(a) Rs. 5000     (b) Rs. 10,000  (c) Rs. 12,500   (d) Rs. 15,000

 

  1. A manufacturer offers a 20% rebate on the marked price of a product. The retailer offers another 30% rebate on the reduced price. The two reductions are equivalent to a single reduction of:

(a) 40%              (b) 44%              (c) 46%              (d) 50%

 

  1. Successive discounts of 10%, 12% and 15% amount to a single discount of:

(a) 32.68%        (b) 35.28%        (c) 36.68%        (d) None of these

 

  1. List price of an article at a showroom is Rs. 2000 and it is being sold at successive discounts of 20% and 10%. Its net selling price will be:

(a) Rs. 1400      (b) Rs. 1440      (c) Rs. 1520       (d) Rs. 1700

 

  1. Find the selling price of an article if a shopkeeper allows two successive discounts of 5% each on the marked price of Rs. 80.

(a) Rs. 70.10     (b) Rs. 70.20    (c) Rs. 72           (d) Rs. 72.20

 

  1. The price of a VCR is marked at Rs. 12,000. If successive discounts of 15%, 10% and 5% be allowed, then at what price does a customer buy it?

(a) Rs. 8400     (b) Rs. 8721      (c) Rs. 8856      (d) None of these

 

  1. After successive discounts of 12% and 5% an article was sold for Rs. 209. What was the original price of the article?

(a) Rs. 226        (b) Rs. 250        (c) Rs. 252         (d) Rs. 269

 

  1. Applied to a bill for Rs. 1,00,000, the difference between a discount of 40% and two successive discounts of 36% and 4% is:

(a) Nil                 (b) Rs. 1440      (c) Rs. 2500      (d) Rs. 1960

 

Answer Key:

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