Profit & Loss

Profit & Loss Worksheet-7

1. The sale price of an article including the sales tax is Rs. 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then the cost price of the article is:

(a) Rs. 500        (b) Rs. 515         (c) Rs. 550         (d) Rs. 600

2. Saransh purchased 120 reams of paper at Rs. 80 per ream. He spent Rs. 280 on transportation, paid octroi at the rate of 40 paise per ream and paid Rs. 72 to the coolie. If he wants to have a gain of 8%, what must be the selling price per ream?

(a) Rs. 86          (b) Rs. 87.48    (c) Rs. 89           (d) Rs. 90

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

Profit & Loss Worksheet-9

1. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:

(a) 15                  (b) 16                  (c) 18                  (d) 25

2. On an order of 5 dozen boxes of a consumer product, a retailer receives an extra dozen free. This is equivalent to allowing him a discount of:

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