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Home › Grade8 › OLYMPIAD › Math Olympiad-Grade-8 › Profit & Loss › Profit & Loss Worksheet-10

Profit & Loss Worksheet-10

Profit & Loss Worksheet-10

 

  1. A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

(a) 3                    (b) 4                    (c) 5                    (d) 6

 

  1. By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%?

(a) 5                    (b) 8                    (c) 10                  (d) 15

 

  1. By selling 45 lemons for Rs. 40, a man loses 20%. How many should he sell for Rs. 24 to gain 20% in the transaction?

(a) 16                  (b) 18                  (c) 20                  (d) 22

 

  1. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

(a) No profit, no loss                   (b) 5%

(c) 8%                                             (d) 10%

(e) None of these

 

  1. Arun purchased 30 kg of wheat at the rate of Rs. 11.50 per kg and 20 kg of wheat at the rate of Rs. 14.25 per kg. He mixed the two and sold the mixture. Approximately what price per kg should he sell the mixture to make 30% profit?

(a) Rs. 14.80     (b) Rs. 15.40     (c) Rs. 15.60     (d) Rs. 16.30

(e) Rs.  18.20

 

  1. Padam purchased 30 kg of rice at the rate of Rs. 17.50 per kg and another 30 kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of Rs. 18.60 per kg and made 20% overall profit. At what price per kg did he purchase the lot of another 30 kg rice?

(a) Rs. 12.50     (b) Rs. 13.50     (c) Rs. 14.50     (d) Rs. 15.50

(e) None of these

 

  1. A trader mixes three varieties of groundnuts costing Rs. 50, Rs. 20 and Rs. 30 per kg in the ratio 2 : 4 : 3 in terms of weight, and sells the mixture at Rs. 33 per kg. What percentage of profit does he make?

(a) 8%                (b) 9%                (c) 10%               (d) None of these

 

  1. A dairyman pays Rs. 6.40 per litre of milk. He adds water and sells the mixture at Rs. 8 per litre, thereby making 37.5% profit. The proportion of water to milk received by the customers is:

(a) 1 : 10             (b) 1 : 12             (c) 1 : 15             (d) 1 : 20

 

  1. By mixing two brands of tea and selling the mixture at the rate of Rs. 177 per kg, a shopkeeper makes a profit of 18%. If to every 2 kg of one brand costing Rs. 200 per kg, 3 kg of the other brand is added, then how much per kg does the other brand cost?

(a) Rs. 110         (b) Rs.  120       (c) Rs.  140        (d) None of these

 

  1. The manufacturer of a certain item can sell all he can produce at the selling price of Rs. 60 each. It costs him Rs. 40 in materials and labour to produce each item and he has overhead expenses of Rs. 3000 per week in order to operate the plant. The number of units he should produce and sell in order to make a profit of at least Rs. 1000 per week, is:

(a) 200               (b) 250               (c) 300               (d) 400

 

  1. A dishonest dealer uses a scale of 90 cm instead of a metre scale and claims to sell at cost price. His profit is:

(a) 9%                 (b) 10%              (c) 12%               (d) None of these

 

  1. A shopkeeper professes to sell his goods at cost price but uses a weight of 800 gm instead of kilogram weight. Thus, he makes a profit of:

(a) 20%              (b)           (c) 25%               (d) None of these

 

  1. A dishonest dealer professes to sell his goods at cost price. But he uses a false weight and thus gains . For a kg, he uses a weight of:

(a) 940 gms      (b) 947 gms      (c) 953 gms       (d) 960 gms

 

  1. A shopkeeper cheats to the extent of 10% while buying as well as selling, by using false weights. His total gain is:

(a) 10%               (b) 11%               (c) 20%              (d) 21%

(e)

 

  1. A grocer sells rice at a profit of 10% and uses weights which are 20% less than the market weight. The total gain earned by him will be:

(a) 30%              (b) 35%              (c) 37.5%           (d) None of these

 

Answer Key:

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