Go premium Contact About Us
Logo
Home › Grade8 › OLYMPIAD › Math Olympiad-Grade-8 › Profit & Loss › Profit & Loss Worksheet-6

Profit & Loss Worksheet-6

Profit & Loss Worksheet-6

 

  1. Tarun got 30% concession on the labelled price of an article and sold it for Rs. 8750 with 25% profit on the price he bought. What was the labelled price?

(a) Rs. 10,000  (b) Rs. 12,000  (c) Rs. 16,000  (d) Data inadequate

(e) None of these

 

  1. I gain 70 paise on Rs. 70. My gain percent is :

(a) 0.1%             (b) 1%                 (c) 7%                 (d) 10%

 

  1. In terms of percentage profit, which is the best transaction?

(a) 36 C.P (in Rs.), 17 Profit (in Rs.)

(b) 50 C.P (in Rs.), 24 Profit (in Rs.)

(c) 40 C.P (in Rs.), 19 Profit (in Rs.)

(d) 60 C.P (in Rs.), 29 Profit (in Rs.)

 

  1. If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books?

(a) Rs. 400                                     (b) Rs. 600

(c) Cannot be determined          (d) None of these

 

  1. A shopkeeper bought an article for Rs. 2090.42. Approximately, what will be the percentage profit if he sold that article for Rs. 2602.58?

(a) 15%               (b) 20%              (c) 25%               (d) 30%

 

  1. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is:

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

 

  1. A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the whole lot at the rate of Rs. 6.50 per kg. What will be his gain percent?

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

 

  1. Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?

(a) 3.5                 (b) 4.5                (c) 5.6                 (d) 6.5

(e) None of these

 

  1. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:

(a)           (b) 15% gain      (c) loss   (d) 15% loss

 

  1. A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

(a) Rs. 1090      (b) Rs. 1160       (c) Rs. 1190       (d) Rs. 1202

 

  1. A sells an article which costs him Rs. 400 to B at a profit of 20%. B then sells it to C, making a profit of 10% on the price he paid to A. How much does C pay B?

(a) Rs. 472        (b) Rs. 476        (c) Rs. 528        (d) Rs. 532

 

  1. Peter purchased a machine for Rs. 80,000 and spent Rs. 5000 on repair and Rs. 1000 on transport and sold it with 25% profit. At what price did he sell the machine?

(a) Rs. 1,05,100                            (b) Rs. 1,06,250

(c) Rs. 1,07,500                            (d) Rs. 1,17,500

(e) None of these

 

  1. By selling an article for Rs. 100, a man gains Rs. 15. Then, his gain% is:

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

 

  1. When a commodity is sold for Rs. 34.80, there is a loss of 25%. What is the cost price of the commodity?

(a) Rs. 26.10     (b) Rs. 43          (c) Rs. 43.20     (d) Rs. 46.40

 

  1. A shopkeeper expects a gain of on his cost price. If in a week, his sale was of Rs. 392, what was his profit?

(a) Rs. 18.20     (b) Rs. 70          (c) Rs. 72           (d) Rs. 88.25

 

Answer Key:

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