Profit and Loss Level 1

Q: A trader marks a discount of 25% on the Marked Price of Rs.140 for a commodity. Find the price at which he sells it after the discount.
A: Rs.105
Q: If the selling price of 16 articles is equal to the cost price of 18 articles, then what is the profit percent?
A: 12.5%
Q: A builder sold a house at an auction for Rs.4200 and after paying the auctioneer 5% on the selling price he found that he had made a profit of 5% on what the house cost him. How much did the house cost him?
A: 3800
Q: A seller mixes 52 kg of ragi at Rs. 40 per kg with 60 kg of ragi of other variety at Rs.72 per kg and sells the mixture at Rs.60 per kg. His profit percent is:
A: 5
Q: When a certain quantity of sugar is sold at Rs.11 per kg, the gain is 10%. If the total gain is Rs.50, what is the quantity of sugar sold?
A: 50 kg
Q: Profit earned by selling an article for Rs. 1450 is same as the loss incurred by selling the article for Rs. 1280. What is the cost price of the article?        
A: 1365
Q: Pankaj offers a 10% discount on his goods and he offers a further discount of 5% on the reduced price to those customers who pay cash. What does a customer have to pay in cash for a cricket bat of Rs. 200?
A: 171
Q: A man sold a horse at a loss of 42.84%. How much percent should he gain in the next transaction so as to make an overall gain of 21.42%, if the two horses are bought at the same price?
A: 85.68%
Q: A music system when sold for Rs.4500 gives a loss of 16.66% to the merchant who sells it. Calculate his loss or gain per cent, if he sells it for Rs.5703.75.
A: Profit of 5.625%
Q: Rakesh bought 20 chairs for Rs.1000. He repaired and sold them at the rate of Rs.500 per chair. He got profit of Rs.100 per chair. How much did he spend on repairs?
A: Rs.7000
Q: A man who makes a profit of 25 p.c. by selling tea at Rs.4.25 a kg lowers his ratio so as to gain only 17 P per kg. In what ratio must his sales increase so that the profit may be the same as before?
A: 5 times
Q:  A person purchases 25 mangoes for 1 rupee and he wants to sell them at 25% profit, then how many mangoes should he sell for 1 rupee?
A: 20
Q: 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?
A: Rs. 37500
Q: If the ratio of the cost price and the selling price of an article be 4 : 5, then the percentage of profit is: 
A: 25
Q: When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?
A: Rs. 25,300
Q: A farmer buys 240 cows. He sells some of them at a gain of 20% and the remaining at a gain of 30%. If he gains 28% on the whole, then how many did he sell at a gain of 20%?
A: 48
Q: A man bought 72 bananas at the rate of Rs. 10 per banana. But 10 bananas got rotten on the way and he sold the remaining at the rate of Rs. 12 per banana. Find his profit or loss %.
A:
Q: Reeta buys an old cycle for Rs.2500 and spends Rs.300 on its repairs. If he sells the cycle for Rs.3200, his gain percent is
A: 14.28%  
Q: Profit after selling a commodity for Rs. 425 is the same as loss after selling it for Rs.355. The cost of the commodity is:
A: Rs. 390
Q: After enjoying three successive discounts of 30% each, a person paid Rs.3087 for the article. What must be the marked price of the article?
A: Rs.9000
Q: Greg buys cattle for 15Rs. In exactly one year he sells it for 20Rs. After one year again he buys the same cattle at 30Rs. and this time sells it for 40Rs. What is the overall profit percent for Greg in this transaction?
A: 33.33%
Q: A watch dealer sells watches at Rs.600 per watch. However, he is forced to give two successive discounts of 10% and 5% respectively. However, he recovers the sales tax on the net sale price from the customer at 5% of the net price. What price does a customer have to pay him to buy the watch?
A: Rs.538.65
Q: I sell a table for Rs.24 and thus make a percentage of profit equal to the cost price. What did the table cost me?
A: Rs.20
Q: The difference between the cost price and the selling price of the book is Rs.260.If the profit is 25%, then the selling price is
A: 1300
Q: Rajiv sold an article for Rs.56 which cost him Rs.x. If he had gained x% on his outlay, what was his cost?
A: Rs.40
Q: A and B together started a business by investing Rs.5000 and Rs.7000 respectively. At the end of the year, the total loss was Rs.1800. What is the share of A in loss?
A: Rs. 750
Q: Abhay sold a book at a loss of 10%. Had he sold it for Rs 108 more, he would have earned a profit of 10%. Find the cost price of the book.
A: Rs. 540
Q: By selling a colour TV for Rs. 23520, a dealer suffers a loss of 4%. At what price should he sell it to gain 8%?
A: 26460
Q: By selling a color TV for Rs. 23520, a dealer suffers a loss of 4%. At what price should he sell it to gain 8%?
A: 26460
Q: A man buys an item at Rs. 1200 and sells it at a loss of 20 percent. Then, what is the selling price of that item?
A: Rs. 960