Question types

Profit and Loss question types

109 questions across 5 question groups — pick any mix to generate a Maths paper with step-by-step answer keys.

109
Questions
5
Question groups
5
Question types
Sample Questions

Profit and Loss questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 65 Mark Question5 Marks
Ahmed buys a plot of land for Rs. 480000. He sells of it at a loss of 6%. At what gain percent should he sell the remaining part of the plot to gain 10% on the whole?
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Q 75 Mark Question5 Marks
Vinod sold a watch to Arun at a gain of 12% and Arun had to sell it to Manoj at a loss of 5%. If manoj paid Rs. 3990 for it, how much did vinod pay for the watch?
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Q 85 Mark Question5 Marks
A dealer sold a camera for Rs. 1080 gaining $\frac{1}{8}$ of its cost price. Find (i) the cost price of the camera, and (ii) the gain percent earned by the dealer.
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Q 95 Mark Question5 Marks
Luxmi sold two sarees for Rs. 1980 each. On one, she lost 10%, while on the other she gained 10%. Find her gain or loss percent in the whole transaction.
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Q 11MCQ1 Mark
Tick $(\checkmark)$ the correct answer in the following: A man buys an article for $Rs. 150$ and makes overhead expenses which are $10\%$ of the cost price. At what price must he sell it to gain $20\%?$
  • A
    $Rs. 182$
  • B
    $Rs. 192$
  • $Rs. 198$
  • D
    $Rs. 208$

Answer: C.

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Q 12MCQ1 Mark
Tick $(\checkmark)$ the correct answer in the following: On selling a chair for $Rs. 720,$ a man loses $25\%.$ To gain $25\%$ it must be sold for.
  • A
    $Rs. 900$
  • $Rs. 1200$
  • C
    $Rs. 1080$
  • D
    $Rs. 1440$

Answer: B.

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Q 13MCQ1 Mark
Tick $(\checkmark)$ the correct answer in the following: Rajan buys a toy for $Rs. 75$ and sells it for $Rs. 100. $ His gain percent is:
  • A
    $25\%$
  • B
    $20\%$
  • $33\frac{1}{3}\%$
  • D
    $37\frac{1}{2}\%$

Answer: C.

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Q 14MCQ1 Mark
Tick $(\checkmark)$ the correct answer in the following: The marked price of an article is $10\%$ more than the cost price and a discount of $10\%$ is given on the marked price. The seller has.
  • A
    No gain and no loss
  • B
    $1\%$ gain
  • $1\%$ loss
  • D
    None of these

Answer: C.

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Q 15MCQ1 Mark
Tick $(\checkmark)$ the correct answer in the following: A man sold two chairs for $Rs. 500$ each. On one he gains $20\%$ and on the other he loses $12\%.$ His net gain or loss percent is:
  • $1.5\%$ gain
  • B
    $2\%$ gain
  • C
    $1.5\%$ loss
  • D
    $2\%$ loss

Answer: A.

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Q 164 Mark Question4 Marks
Hema bought two pairs of jeans for Rs. 1450 each. She sold one of them at a gain of 8% and the other at a loss of 4%. Find her gain or loss percent in the whole transaction.
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Q 184 Mark Question4 Marks
A jeweller allows a discount of 16% to his customers and still gains 20%. Find the marked price of a ring which costs the jeweller Rs. 1190.
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