Profit & Loss Worksheet-4

Profit & Loss Worksheet-4

1. The difference between a discount of 35% and two successive discounts of 20% on a certain bill was Rs. 22. Find the amount of the bill.

(a) Rs. 200        (b) Rs. 1100      (c) Rs. 2200      (d) Data inadequate

(e) None of these

2. Two shopkeepers announce the same price of Rs. 700 for a sewing machine. The  first offers successive discounts of 30% and 6% while the second offers successive discounts of 20% and 16%. The shopkeeper that offers better discount, charges less than the other shopkeeper.

(a) Rs. 9.80       (b) Rs.  16.80    (c) Rs. 22.40     (d) Rs. 36.40

3. The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80 after getting two successive discounts, the first being 10%. What was the second discount rate?

(a) 12%               (b) 14%               (c) 15%               (d) 18%

4. A shopkeeper purchased 150 identical pieces of calculators at the rate of Rs. 250 each. He spent an amount of Rs. 2500 on transport and packing. He fixed the labelled price of each calculator at Rs. 320. However, he decided to give a discount of 5% on the labelled price. What is the percentage profit earned by him?

(a) 14%               (b) 15%               (c) 16%               (d) 20%

(e) None of these

5. A trader marked the price of his commodity so as to include a profit of 25%. He allowed discount of 16% on the marked price. His actual profit was

(a) 5%                 (b) 9%                (c) 16%               (d) 25%

6. A tradesman marks his goods 30% above the C.P. If he allows a discount of , then his gain percent is:

(a)           (b) 22%              (c)              (d) None of these

7. The price of an article is raised by 30% and then two successive discounts of 10% each are allowed. Ultimately, the price of the article is:

(a) decreased by 5.3%                 (b) increased by 3%

(c) increased by 5.3%                  (d) increased by 10%

8. A retailer buys 30 articles from a wholesaler at the price of 27. If he sells them at their marked price, the gain percent in the transaction is:

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

9. By selling an umbrella for Rs. 300, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is:

(a) 7                    (b) 7.5                 (c) 8                    (d) 9

10. The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%.

(a) 37.5%           (b) 48%              (c) 50.5%           (d) 52%

11. A shopkeeper allows a discount of 10% on the marked price of an item but charges a sales tax of 8% on the discounted price. If the customer pays Rs. 680.40 as the price including the sales tax, then what is the marked price of the item?

(a) Rs. 630        (b) Rs. 700        (c) Rs. 780        (d) None of these

12. At what percent above the cost price must a shopkeeper mark his goods so that he gains 20% even after giving a discount of 10% on the marked price?

(a) 25%              (b) 30%              (c)           (d)

13. At what price should a shopkeeper mark a radio that costs him Rs. 1200 in order that he may offer a discount of 20% on the marked price and still make a profit of 25%?

(a) Rs.  1675      (b) Rs.  1875     (c) Rs.  1900     (d) Rs. 2025

(e) None of these

14. A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price to the printed price of the book is:

(a) 45 : 56          (b) 50 : 61         (c) 55 : 69          (d) 99 : 125

15. By selling- an article at of the marked price, there is a loss of 25%. The ratio of the marked price and the cost price of the article is:

(a) 2 : 5              (b) 5 : 2              (c) 8 : 15             (d) 15 : 8

Answer Key:

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