Profit and Loss

1. ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. What is the loss incurred by ITC?

A) 1%	B) 2%
C) 4%	D) 0%

2 .A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item

A) Rs. 660	B) Rs. 760
C) Rs. 860	D) Rs. 960

3.A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was

A) Rs 100	B) Rs 150
C) Rs 200	D) Rs 250

4. A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

A) 18%	B) 20%
C) 22%	D) 24%

5.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. 

A) Rs 12	B) Rs 16
C) Rs 14	D) Rs 18

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

A) 12%	B) 30%
C) 50%	D) 60%

7. Rahul went to purchase a Nokia mobile handset, the shopkeeper told him to pay 20% tax if he asked the bill. Rahul manages to get the discount of 5% on the actual saleprice of the mobile and he paid the shopkeeper Rs. 3325 without tax. Besides he manages to avoid to pay 20% tax on the already  discounted price, what is the amount of discount that he has gotten?

A) 750	B) 375
C) 875	D) 525

8. If a man purchase 6 pens for rupees 5 and sells 5 pens for rupees  6. How much profit / loss %  does he make ?

 A. 40   B. 42   C. 44   D. 46

9. A dishonest dealer professes to sell his goods at cost price , but he uses a weight of 960 grams for the kilogram weight . Find his gain percent.

 A.  4 1/6   B. 5 1/6   C. 7 1/6  D. None

10. A man bought a Cycle for rupees 250. For how much should be sell it so as to gain 10 %  ?

 A. 265  B. 270  C. 275 D. 280

11. A man bought a Book for rupees 560. For how much shall he sell it so as to lose 10 % ?

  A. 500  B. 502  C. 504  D. 506

12. I sold a Book at a profit of 12%. Had I sold it for rupees 18 more, 18 %  would have been gained. Find the cost price.

 A. 200  B. 300  C. 400  D. 500

13. A man sold a horse at a loss of 7 % . had he been able to sell it at a gain of 9 % , it would have fetched rupees 64 more than it did . What was the cost price ?

 A. 400  B. 500  C. 600  D. 700

14. Two successive discounts of 20 % and 30 % are equal to a single Discount of-----------------

 A.  40 %  B. 42 %   C. 44 %   D. 46 %

15. By selling goods for rupees  352.88 , I lost 12 % ., Find the cost price .

  A. 398  B. 399  C. 400  D. 401