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Mock Test | Profit and Loss

Registration-for-CLAT-2023-will-begin-on-August-8
Registration-for-CLAT-2023-will-begin-on-August-8

Welcome to your Mock Test | Profit and Loss

1. The price at which an article is purchased is called

2. The price at which an article is sold, is called its

3. If Selling price is greater than Cost price, the seller is said to have a .........

4. If selling price is greater than cost price, the seller is said to have incurred a ........

5. If an article is sold at a gain of say, 35%, then SP = ............ of CP.

6. I gain 70 paise on Rs. 70. My gain percent is

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

C.P in (Rs)           Profit (in Rs)
a. 36                             17
b. 50                             24
c. 40                              19
d. 60                              29

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

9. 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

10. 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?

11. Sunita bought 10 shirts for Rs.40 and sold 8 of them at Rs. 35. Calculator gain or loss %.

12. A merchant sells his goods using weights 15% less than true weights and makes a profit of 20%. Find his total gain %.

13. Riya sold a pen at a 12% profit. On selling for Rs 18 more she would get a profit of 18%. What is the CP of the pen?

14. An article is sold for Rs 2400 at a profit of 25 %. What would have been the actual profit or loss if had been sold at Rs 1800?

15. If an article is sold at a loss of 66 2/3%, what is the loss in terms of the selling price?

16. A man sells two chairs for Rs. 480 each. On one he makes a profit of 20 % and on the other he makes a loss of 20 %. Find his total loss/gain in these two transactions (in Rs.).

17. A package tour operator allows a 25 % discount on his advertised price and then makes a profit of 20 %. What is the advertised price on which he gains Rs. 60?

18. An article is bought for Rs. 675 and sold for Rs. 900. Find the gain percent?

19. A trader sells 85 m of cloth for Rs. 8,925 at the profit of Rs. 15/m of cloth. What is the cost price of 1 m of cloth?

20. Profit after selling a commodity for Rs. 425 is same as loss after selling for Rs.355. The cost of the commodity is?

21. If selling price is doubled, the profit triples. Find the profit percent ?

22. 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:

23. A shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is.

24. 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 ?

25. If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?

26. A milkman purchases the milk at Rs. x per litre and sells at Rs. 2x per litre still he mixes 2 litres water with every 6 litres of pure milk. What is the profit percentage?

27. Cost of 3 cricket balls = cost of 2 pairs of leg pads. Cost of 3 pairs of leg pads = cost of 2 pairs of gloves. Cost of 3 pairs of gloves = cost of 2 cricket bats. If a cricket bat costs Rs 54, what is the cost of a cricket ball.

28. 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 ?

29. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

30. If the cost price is 25% of selling price. Then what is the profit percent.

31. On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is ?

32. A Shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net Profit or loss that he makes?

33. A guy walks into a store and steals Rs. 100 from the store without the owner's knowledge. He then buys Rs. 60 worth of goods using that Rs. 100 and the owner gives Rs. 40 in change. How much money did the owner lose?

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

35. What profit percent is made by selling an article at a certain price, if by selling at 2/3rd of that price, there would be a loss of 20% ?

36. A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

37. By selling an article at Rs.800, a shopkeeper makes a profit of 25%.At what price should he sell the article so as to make a loss of 25%?

38. A' sold an article to 'B' at a profit of 20%. 'B' sold the same article to 'C' at a loss of 25% and 'C' sold the same article to 'D' at a profit of 40%. If 'D' paid Rs 252 for the article, then find how much did 'A' pay for it?

39. A man buys oranges at Rs 5 a dozen and an equal number at Rs 4 a dozen. He sells them at Rs 5.50 a dozen and makes a profit of Rs 50. How many oranges does he buy?

40. Due to reduction of 25% in price of oranges a customer can purchase 4 oranges more for Rs. 16. what is original price of an orange?

41. A sweet seller sells 3/5th part of sweets at a profit of 10% and remaining at a loss of 5%. If the total profit is Rs 1500, then what is the total cost price of sweets ?

42. If goods be purchased for Rs.450 and 1/3 is sold at a loss of 10%. At what gain % should the remainder is sold to has to gain 20% on the whole transaction?

43. Every year before the festive season,a shopkeeper increases the price of the product by 35% and then introduce two successive discount of 10% and 15% respectively.what is percentage loss and percentage gain ?

44. Bhajan Singh 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?

45. In a scheme, a pack of three soaps with MRP Rs.45 is available for Rs.42. If still gives a profit of 5% to the shopkeeper, then the cost price of the pack is ?

46. A trader sold an article at a loss of 5% but when he increased the selling price by Rs.65 he gained 3.33% on the cost price. If he sells the same article at Rs. 936, what is the profit percentage?

47. 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:

48. 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 :

49. A shopkeeper sells one-third of his goods at a profit of 10%, another one-third at a profit of 20%, and the rest at a loss of 6%.What is his overall profit percentage ?

50. A dealer sold two of his cattle for Rs. 500 each. On one of them he lost 10% on the other, he gained 10%. His gain or loss percent in the entire transaction was:

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