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Profit, Loss and Discount questions

Cost price, selling price, discounts and successive discounts.

1. The marked price of a shirt is ₹2,400 and the shop gives a 15% discount. What does the customer pay?

  1. ₹2,039
  2. ₹2,042
  3. ₹2,040
  4. ₹2,244
Answer

C. ₹2,040 Discount = 15% of 2400 = 360. Price paid = ₹2,040.

2. An article bought for ₹1,275 is sold at a profit of 10%. What is the selling price?

  1. ₹1,401.5
  2. ₹1,051.88
  3. ₹1,402.5
  4. ₹1,404.5
Answer

C. ₹1,402.5 SP = CP × (100 + 10)/100 = 1275 × 1.1 = ₹1,402.5.

3. A phone bought for ₹500 is sold for ₹300. What is the loss percentage?

  1. 38%
  2. 32%
  3. 40%
  4. 48%
Answer

C. 40% Loss = 200. Loss% = 200/500 × 100 = 40%.

4. Two successive discounts of 25% and 25% are equal to a single discount of:

  1. 43.75%
  2. 41.75%
  3. 35%
  4. 39.38%
Answer

A. 43.75% Single discount = 25 + 25 − (25 × 25)/100 = 43.75%.

5. The cost price of 18 pens equals the selling price of 10 pens. What is the profit percentage?

  1. 96%
  2. 100%
  3. 60%
  4. 80%
Answer

D. 80% Let each pen cost ₹1. SP of 10 pens = ₹18, so profit on 10 pens = 8. Profit% = 8/10 × 100 = 80%.

6. The marked price of a shirt is ₹700 and the shop gives a 15% discount. What does the customer pay?

  1. ₹655
  2. ₹593
  3. ₹536
  4. ₹595
Answer

D. ₹595 Discount = 15% of 700 = 105. Price paid = ₹595.

7. An article bought for ₹1,075 is sold at a profit of 12%. What is the selling price?

  1. ₹963
  2. ₹1,203
  3. ₹1,204
  4. ₹1,445
Answer

C. ₹1,204 SP = CP × (100 + 12)/100 = 1075 × 1.12 = ₹1,204.

8. A phone bought for ₹1,300 is sold for ₹1,040. What is the loss percentage?

  1. 22%
  2. 25%
  3. 18%
  4. 20%
Answer

D. 20% Loss = 260. Loss% = 260/1300 × 100 = 20%.

9. Two successive discounts of 10% and 25% are equal to a single discount of:

  1. 32.5%
  2. 26%
  3. 24.38%
  4. 30.5%
Answer

A. 32.5% Single discount = 10 + 25 − (10 × 25)/100 = 32.5%.

10. The cost price of 14 pens equals the selling price of 12 pens. What is the profit percentage?

  1. 13.34%
  2. 20.84%
  3. 16.67%
  4. 17.67%
Answer

C. 16.67% Let each pen cost ₹1. SP of 12 pens = ₹14, so profit on 12 pens = 2. Profit% = 2/12 × 100 = 16.67%.

11. The marked price of a shirt is ₹3,300 and the shop gives a 15% discount. What does the customer pay?

  1. ₹3,086
  2. ₹2,805
  3. ₹2,244
  4. ₹2,806
Answer

B. ₹2,805 Discount = 15% of 3300 = 495. Price paid = ₹2,805.

12. An article bought for ₹825 is sold at a profit of 20%. What is the selling price?

  1. ₹990
  2. ₹1,089
  3. ₹891
  4. ₹992
Answer

A. ₹990 SP = CP × (100 + 20)/100 = 825 × 1.2 = ₹990.

13. A phone bought for ₹2,200 is sold for ₹2,090. What is the loss percentage?

  1. 7%
  2. 6%
  3. 4%
  4. 5%
Answer

D. 5% Loss = 110. Loss% = 110/2200 × 100 = 5%.

14. Two successive discounts of 20% and 20% are equal to a single discount of:

  1. 36%
  2. 40%
  3. 27%
  4. 32%
Answer

A. 36% Single discount = 20 + 20 − (20 × 20)/100 = 36%.

15. The cost price of 29 pens equals the selling price of 25 pens. What is the profit percentage?

  1. 15%
  2. 13%
  3. 17%
  4. 16%
Answer

D. 16% Let each pen cost ₹1. SP of 25 pens = ₹29, so profit on 25 pens = 4. Profit% = 4/25 × 100 = 16%.

16. The marked price of a shirt is ₹3,400 and the shop gives a 25% discount. What does the customer pay?

  1. ₹2,295
  2. ₹2,550
  3. ₹2,551
  4. ₹2,548
Answer

B. ₹2,550 Discount = 25% of 3400 = 850. Price paid = ₹2,550.

17. An article bought for ₹250 is sold at a profit of 40%. What is the selling price?

  1. ₹280
  2. ₹350
  3. ₹263
  4. ₹351
Answer

B. ₹350 SP = CP × (100 + 40)/100 = 250 × 1.4 = ₹350.

18. A phone bought for ₹3,500 is sold for ₹2,100. What is the loss percentage?

  1. 48%
  2. 40%
  3. 42%
  4. 36%
Answer

B. 40% Loss = 1400. Loss% = 1400/3500 × 100 = 40%.

19. Two successive discounts of 25% and 10% are equal to a single discount of:

  1. 34.5%
  2. 39%
  3. 32.5%
  4. 29.25%
Answer

C. 32.5% Single discount = 25 + 10 − (25 × 10)/100 = 32.5%.

20. The cost price of 12 pens equals the selling price of 10 pens. What is the profit percentage?

  1. 16%
  2. 20%
  3. 21%
  4. 25%
Answer

B. 20% Let each pen cost ₹1. SP of 10 pens = ₹12, so profit on 10 pens = 2. Profit% = 2/10 × 100 = 20%.

21. The marked price of a shirt is ₹2,200 and the shop gives a 25% discount. What does the customer pay?

  1. ₹1,980
  2. ₹1,650
  3. ₹1,238
  4. ₹1,648
Answer

B. ₹1,650 Discount = 25% of 2200 = 550. Price paid = ₹1,650.

22. An article bought for ₹325 is sold at a profit of 30%. What is the selling price?

  1. ₹423.5
  2. ₹422.5
  3. ₹464.75
  4. ₹424.5
Answer

B. ₹422.5 SP = CP × (100 + 30)/100 = 325 × 1.3 = ₹422.5.

23. A phone bought for ₹1,100 is sold for ₹660. What is the loss percentage?

  1. 36%
  2. 40%
  3. 48%
  4. 50%
Answer

B. 40% Loss = 440. Loss% = 440/1100 × 100 = 40%.

24. Two successive discounts of 20% and 25% are equal to a single discount of:

  1. 30%
  2. 42%
  3. 32%
  4. 40%
Answer

D. 40% Single discount = 20 + 25 − (20 × 25)/100 = 40%.

25. The cost price of 24 pens equals the selling price of 20 pens. What is the profit percentage?

  1. 22%
  2. 19%
  3. 20%
  4. 18%
Answer

C. 20% Let each pen cost ₹1. SP of 20 pens = ₹24, so profit on 20 pens = 4. Profit% = 4/20 × 100 = 20%.

26. The marked price of a shirt is ₹4,000 and the shop gives a 30% discount. What does the customer pay?

  1. ₹2,801
  2. ₹2,800
  3. ₹3,500
  4. ₹2,520
Answer

B. ₹2,800 Discount = 30% of 4000 = 1200. Price paid = ₹2,800.

27. An article bought for ₹600 is sold at a profit of 40%. What is the selling price?

  1. ₹842
  2. ₹672
  3. ₹756
  4. ₹840
Answer

D. ₹840 SP = CP × (100 + 40)/100 = 600 × 1.4 = ₹840.

28. A phone bought for ₹1,400 is sold for ₹1,260. What is the loss percentage?

  1. 11%
  2. 9%
  3. 10%
  4. 8%
Answer

C. 10% Loss = 140. Loss% = 140/1400 × 100 = 10%.

29. Two successive discounts of 20% and 10% are equal to a single discount of:

  1. 25%
  2. 28%
  3. 31%
  4. 21%
Answer

B. 28% Single discount = 20 + 10 − (20 × 10)/100 = 28%.

30. The cost price of 18 pens equals the selling price of 12 pens. What is the profit percentage?

  1. 48%
  2. 40%
  3. 50%
  4. 45%
Answer

C. 50% Let each pen cost ₹1. SP of 12 pens = ₹18, so profit on 12 pens = 6. Profit% = 6/12 × 100 = 50%.

31. The marked price of a shirt is ₹2,900 and the shop gives a 30% discount. What does the customer pay?

  1. ₹2,538
  2. ₹2,436
  3. ₹1,827
  4. ₹2,030
Answer

D. ₹2,030 Discount = 30% of 2900 = 870. Price paid = ₹2,030.

32. An article bought for ₹1,100 is sold at a profit of 12%. What is the selling price?

  1. ₹1,230
  2. ₹1,231
  3. ₹1,232
  4. ₹1,355
Answer

C. ₹1,232 SP = CP × (100 + 12)/100 = 1100 × 1.12 = ₹1,232.

33. A phone bought for ₹3,500 is sold for ₹2,975. What is the loss percentage?

  1. 16%
  2. 15%
  3. 14%
  4. 19%
Answer

B. 15% Loss = 525. Loss% = 525/3500 × 100 = 15%.

34. The cost price of 25 pens equals the selling price of 20 pens. What is the profit percentage?

  1. 25%
  2. 19%
  3. 20%
  4. 26%
Answer

A. 25% Let each pen cost ₹1. SP of 20 pens = ₹25, so profit on 20 pens = 5. Profit% = 5/20 × 100 = 25%.

35. The marked price of a shirt is ₹2,100 and the shop gives a 15% discount. What does the customer pay?

  1. ₹1,964
  2. ₹1,784
  3. ₹1,783
  4. ₹1,785
Answer

D. ₹1,785 Discount = 15% of 2100 = 315. Price paid = ₹1,785.

36. An article bought for ₹1,000 is sold at a profit of 12%. What is the selling price?

  1. ₹1,120
  2. ₹1,344
  3. ₹1,400
  4. ₹1,008
Answer

A. ₹1,120 SP = CP × (100 + 12)/100 = 1000 × 1.12 = ₹1,120.

37. A phone bought for ₹3,200 is sold for ₹2,720. What is the loss percentage?

  1. 15%
  2. 11%
  3. 19%
  4. 16%
Answer

A. 15% Loss = 480. Loss% = 480/3200 × 100 = 15%.

38. The cost price of 28 pens equals the selling price of 20 pens. What is the profit percentage?

  1. 38%
  2. 30%
  3. 48%
  4. 40%
Answer

D. 40% Let each pen cost ₹1. SP of 20 pens = ₹28, so profit on 20 pens = 8. Profit% = 8/20 × 100 = 40%.

39. The marked price of a shirt is ₹1,400 and the shop gives a 25% discount. What does the customer pay?

  1. ₹1,049
  2. ₹1,052
  3. ₹1,155
  4. ₹1,050
Answer

D. ₹1,050 Discount = 25% of 1400 = 350. Price paid = ₹1,050.

40. An article bought for ₹1,025 is sold at a profit of 15%. What is the selling price?

  1. ₹1,414.5
  2. ₹1,178.75
  3. ₹1,177.75
  4. ₹1,473.44
Answer

B. ₹1,178.75 SP = CP × (100 + 15)/100 = 1025 × 1.15 = ₹1,178.75.

41. A phone bought for ₹3,200 is sold for ₹3,040. What is the loss percentage?

  1. 4%
  2. 7%
  3. 6%
  4. 5%
Answer

D. 5% Loss = 160. Loss% = 160/3200 × 100 = 5%.

42. The cost price of 27 pens equals the selling price of 25 pens. What is the profit percentage?

  1. 9%
  2. 8%
  3. 7%
  4. 6%
Answer

B. 8% Let each pen cost ₹1. SP of 25 pens = ₹27, so profit on 25 pens = 2. Profit% = 2/25 × 100 = 8%.

43. The marked price of a shirt is ₹500 and the shop gives a 15% discount. What does the customer pay?

  1. ₹510
  2. ₹425
  3. ₹423
  4. ₹319
Answer

B. ₹425 Discount = 15% of 500 = 75. Price paid = ₹425.

44. An article bought for ₹875 is sold at a profit of 40%. What is the selling price?

  1. ₹1,226
  2. ₹919
  3. ₹1,225
  4. ₹1,470
Answer

C. ₹1,225 SP = CP × (100 + 40)/100 = 875 × 1.4 = ₹1,225.

45. A phone bought for ₹1,900 is sold for ₹1,330. What is the loss percentage?

  1. 31%
  2. 24%
  3. 30%
  4. 33%
Answer

C. 30% Loss = 570. Loss% = 570/1900 × 100 = 30%.

46. The marked price of a shirt is ₹1,700 and the shop gives a 15% discount. What does the customer pay?

  1. ₹1,445
  2. ₹1,084
  3. ₹1,734
  4. ₹1,301
Answer

A. ₹1,445 Discount = 15% of 1700 = 255. Price paid = ₹1,445.

47. An article bought for ₹1,400 is sold at a profit of 12%. What is the selling price?

  1. ₹1,960
  2. ₹1,882
  3. ₹1,568
  4. ₹1,411
Answer

C. ₹1,568 SP = CP × (100 + 12)/100 = 1400 × 1.12 = ₹1,568.

48. A phone bought for ₹900 is sold for ₹855. What is the loss percentage?

  1. 4%
  2. 3%
  3. 5%
  4. 6%
Answer

C. 5% Loss = 45. Loss% = 45/900 × 100 = 5%.

49. The marked price of a shirt is ₹1,100 and the shop gives a 10% discount. What does the customer pay?

  1. ₹1,188
  2. ₹990
  3. ₹792
  4. ₹1,238
Answer

B. ₹990 Discount = 10% of 1100 = 110. Price paid = ₹990.

50. An article bought for ₹600 is sold at a profit of 15%. What is the selling price?

  1. ₹518
  2. ₹690
  3. ₹552
  4. ₹863
Answer

B. ₹690 SP = CP × (100 + 15)/100 = 600 × 1.15 = ₹690.

51. A trader buys an item for ₹300 and sells it for ₹410. What is the profit in rupees?

  1. 112
  2. 110
  3. 105
  4. 103
Answer

B. 110 Profit = selling price − cost price = ₹110.

52. A trader buys an item for ₹930 and sells it for ₹1050. What is the profit in rupees?

  1. 115
  2. 120
  3. 125
  4. 118
Answer

B. 120 Profit = selling price − cost price = ₹120.

53. A trader buys an item for ₹690 and sells it for ₹750. What is the profit in rupees?

  1. 67
  2. 60
  3. 55
  4. 63
Answer

B. 60 Profit = selling price − cost price = ₹60.

54. A trader buys an item for ₹860 and sells it for ₹900. What is the profit in rupees?

  1. 39
  2. 40
  3. 43
  4. 50
Answer

B. 40 Profit = selling price − cost price = ₹40.

55. A trader buys an item for ₹260 and sells it for ₹430. What is the profit in rupees?

  1. 177
  2. 180
  3. 170
  4. 160
Answer

C. 170 Profit = selling price − cost price = ₹170.

56. A trader buys an item for ₹320 and sells it for ₹470. What is the profit in rupees?

  1. 157
  2. 148
  3. 151
  4. 150
Answer

D. 150 Profit = selling price − cost price = ₹150.

57. A trader buys an item for ₹1030 and sells it for ₹1190. What is the profit in rupees?

  1. 158
  2. 153
  3. 167
  4. 160
Answer

D. 160 Profit = selling price − cost price = ₹160.

58. A trader buys an item for ₹350 and sells it for ₹410. What is the profit in rupees?

  1. 58
  2. 53
  3. 63
  4. 60
Answer

D. 60 Profit = selling price − cost price = ₹60.

59. A trader buys an item for ₹960 and sells it for ₹1000. What is the profit in rupees?

  1. 43
  2. 35
  3. 33
  4. 40
Answer

D. 40 Profit = selling price − cost price = ₹40.

60. A trader buys an item for ₹600 and sells it for ₹790. What is the profit in rupees?

  1. 190
  2. 188
  3. 192
  4. 191
Answer

A. 190 Profit = selling price − cost price = ₹190.

61. A trader buys an item for ₹600 and sells it for ₹620. What is the profit in rupees?

  1. 22
  2. 15
  3. 10
  4. 20
Answer

D. 20 Profit = selling price − cost price = ₹20.

62. A trader buys an item for ₹210 and sells it for ₹410. What is the profit in rupees?

  1. 200
  2. 203
  3. 198
  4. 205
Answer

A. 200 Profit = selling price − cost price = ₹200.

63. A shopkeeper buys an item for ₹460 and sells it at a profit of 40%. What is the selling price?

  1. 637
  2. 644
  3. 642
  4. 634
Answer

B. 644 Selling price = 460 × (1 + 40/100) = 644.

64. An article has a marked price of ₹2200. A discount of 15% is offered. Find the selling price.

  1. 1945
  2. 1870
  3. 1880
  4. 1877
Answer

B. 1870 Price after discount = 2200 × (100−15)/100 = 1870.

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