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Home › Grade8 › OLYMPIAD › Math Olympiad-Grade-8 › Profit & Loss › Profit & Loss Worksheet-7

Profit & Loss Worksheet-7

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

 

  1. 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

 

  1. A person bought 20 litres of milk at the rate of Rs. 8 per litre. He got it churned after spending Rs. 10 and 5 kg of cream and 20 litres of toned milk were obtained. If he sold the cream at Rs. 30 per kg and toned milk at Rs. 4 per litre, his profit in the transaction is:

(a) 25%              (b) 35.3%           (c) 37.5%           (d) 42.5%

 

  1. Jacob bought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20%?

(a) Rs. 400        (b) Rs. 440        (c) Rs. 500        (d) Rs. 550

 

  1. A manufacturer undertakes to supply 2000 pieces of a particular component at Rs. 25 per piece. According to his estimates, even if 5% fail to pass the quality tests, then he will make a profit of 25%. However, as it turned out, 50% of the components were rejected. What is the loss to the manufacturer?

(a) Rs. 12,000  (b) Rs. 13,000  (c) Rs. 14,000  (d) Rs. 15,000

 

  1. A trader buys a chair for Rs. 600 and sells it for Rs. 765 at a credit of 4 months. Reckoning money worth 6% p.a., his gain percent is:

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

 

  1. When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must the plot be sold in order to gain 15%?

(a) Rs. 21,000  (b) Rs. 22,500  (c) Rs. 25,300  (d) Rs. 25,800

 

  1. A fruitseller sells mangoes at the rate of Rs. 9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%?

(a) Rs. 11.81      (b) Rs. 12           (c) Rs. 12.25      (d) Rs. 12.31

 

  1. A property dealer sells a house for Rs. 6,30,000 and in the bargain makes a profit of 5%. Had he sold it for Rs. 5,00,000, then what percentage of loss or gain he would have made?

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

 

  1. A shopkeeper sells one transistor for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. His total gain or loss percent is:

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

 

  1. If selling price of an article is of its cost price, the profit in the transaction is:

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

 

  1. The ratio of the cost price and the selling price is 4 : 5. The profit percent is:

(a) 10%               (b) 20%             (c) 25%               (d) 30%

 

  1. The ratio between the sale price and the cost price of an article is 7 : 5. What is the ratio between the profit and the cost price of that article?

(a) 2 : 7                                           (b) 5 : 2

(c) 7 : 2                                           (d) Data inadequate

(e) None of these

 

  1. A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be:

(a) 40                 (b) 100               (c) 120                (d) 140

 

  1. If selling price is doubled, the profit triples. Find the profit percent:

(a)              (b) 100               (c)             (d) 120

 

Answer Key:

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