I. B. S.

INSITITUTE OF BANKING SERVICES

PROFIT & LOSS

PROFIT & LOSS
1.

2.

3.

4.

A man buys a toy for Rs 25 and sells it

for Rs 30. Find his gain per cent.
(a)20%
(b) 25%
(c)
10% (d) 30%
An article was sold for an amount of Rs
1020/-. If it was bought for Rs 1200/then find the loss % incurred in the
deal?
(a) 30%
(b) 10%
(c) 15%
(d) 20%
A man buys an article for Rs 700/- and
sells it at gain of 30%. Find the selling
price of the article?
(a)Rs 800
(b) Rs. 910 (c) Rs 590
(d) Rs 600
By selling a chair for Rs. 572, a man
gains 30%. The cost price of the chair
is:
1. 340
2. 400
3. 440
4.

None
5.
Amit sold an umbrella for Rs. 680,
losing 15%. The cost price of the
umbrella is:
1. 782
2. 800
3. 578
4.
None
6.
The owner of a phone shop charges his
customer 25% more than the cost
price. If a customer paid Rs.800/- for
the phone, then what was the cost
price of the phone?
(1) Rs.600/- (2) Rs.610/- (3) Rs.640/(4) Rs.540/- (5) None of these
7.
Tina sold an item for Rs. 1,500/- at a
profit of 25%. At what cost will she
have to sell it to get a profit of 45% ?
(1)Rs.1740/- (2) Rs.1,704/(3)
Rs.1,750/(4) Rs.1,760/(5) None of
these
8.
If man were to sell his chair for 720, he
would loss 25%. To gain 25% he should
sell it for:
1. 1200
2. 1000
3. 960
4.
900
9.
On selling an article for 48, one loses
20%. In order to gain 20%, what would
be selling price.
1. 52
2. 56
3. 68
4.
72
10.
Kiran sold an item for Rs 8,160/- and
incurred a loss of 15%. At what price
should she have sold the item to have
gained a profit of 25% ?
(1) Rs. 12,200/(2) Rs. 12,300/(3) Rs. 13,000/- (4) Cannot be
determined (5) None of these
11.
A man sells his typewriter at 5% loss.
If he sells it for Rs. 80 more, he gains
5%. The cost price of the typewriter is:
1.Rs. 1600 2. Rs.1200 3.Rs. 1000
4.Rs. 800
12.
A man sold an article at a loss of 20%.
If he sells the article for Rs. 12 more,
he would have gained 10%. The cost
price of the article is:

1.Rs. 60
2. Rs. 40
3. Rs.
4. Rs. 22
A man sells an article at a loss of 10%.
Had he sold it for Rs. 112 more; he
could have gained 6%. What is the cost
price of the article?
1. Rs. 700
2. Rs. 350
3. Rs. 432
4. None
14.
Total cost of 2 PCs and 3 TV sets is
Rs.90,000/- What is the total cost of 6
PCs and 9 TV sets ?
(1) Rs. 2,40,000/(2) Rs. 3,30,000/(3) Rs.2,75,000/- (4) Cannot be
determined (5) None of these
15.
The cost of 9 units of white paper and
12 units of brown paper is Rs 318/-.
What will be cost of 27 units of white
paper and 36 units of brown paper ?
(1) Rs. 944/- (2) Rs. 956/- (3) Rs. 959/(4) Rs. 9491 (5) None of these
16.
The cost of 4 bags and 12 purses is Rs.
1,520/- what is the cost of 10 bags and
30 purses ?
(1) Rs.3,6001/(2) Rs.3,500/(3) Rs. 4,000/(4)
Rs.3,900/(5) None of these
17.
The total cost of the 12 kg of rice is Rs.
432/- and the total cost of the 15 kg. of
pulse is Rs: 675/- What is the ratio
between the cost of the 2 kg. of pulse
and one kg of rice respectively ?
(1) 8:7
(2) 7:5(3) 6: 5
(4)
5:2
(5) 5:8
18.
The cost of 44 kgs. of rice is Rs.672/-,
the cost of 12 kgs. of wheat is Rs 432/and the cost of 18 kgs. of sugar is Rs
504/-. What is the total cost of 20 kgs.
of rice,15 kgs, of wheat and 16 kgs. of
sugar ?
(1) Rs.1,898/(2) Rs.1,948/(3) Rs.2,020/-(4) Rs.1,964/(5) None of these
19.
The cost of 10 pens is equal to selling
price of 12 pens. What is the profit or
loss % incurred ?
(1) 25%
(2) 20%
(3) 16.67%
(4) 15%
(5) None of these
20.
The cost price of 20 articles is same
as selling price of 16 articles. Find the
% profit or loss.
(1) 25%
(2) 20%
(3) 16.67%
(4) 15%
(5) None of these
21.
Selling price of 44 m Cloth = cost
price of 55 m Cloth. Gain percent is.
30
13.

1. 20%

22.

2. 25%

3. 33

1
3

4. 10 %
By selling 36 oranges a vendor loses
the selling price of 4 oranges. His loss
percent is:

I. B. S.
INSITITUTE OF BANKING SERVICES

PROFIT & LOSS

1. 12 %

2. 11

1
9

39.
3. 10%

4. None
23.
By selling 100 pencils a shopkeeper
gains the selling price of 20 pencils.
His gain percent is:
1. 25%
2. 20%
3. 15%
4. 12%
24.
By selling 33m of cloth Ramesh gained
the cost price of 11m. The gain
percent is:
1. 10%
2. 20% 3. 25%
4. 33

1
3

25.

Ravi buys some toffees at 2 for a rupee

and sells them at 5 for a rupee. His
loss percent is:
1. 120%
2. 90%
3.
30% 4. 60%
26.
A fruit seller buys lemons at 2 for a
rupee and sells them at 5 for 3 rupees.
His gain percent is:
1. 10%
2. 15%
3. 20%
4. 25%
27.
Oranges are bought at 5 for Rs. 10 and
sold at 6 for Rs. 15. His gain percent
is:
1. 50%
2. 40%
3. 35%
4.
25%
28.
If a man purchases 11 oranges for Rs
10 and sells 10 oranges for Rs 11. How
much profit or loss does he make?
(a) Profit 21%
(b)
(c)
(d)
29.
A man purchases 8 pens for Rs.9 and
sells 9 pens for Rs.8. How much profit
or loss does he make ?
(a)
(b)
(c)
(d)
31.
A vendor bought toffees at 6 for a
rupee. How many for a rupee must he
sell to gain 20%?
1. 3
2. 4
3. 5
4. None
32.
A vender sells toffees at 24 for a rupee
losing 20% . How many for a rupee he
must sell to gain 20% ?
1. 20
2.16
3.15
4.18
33.
A person buys 25 pens in a certain
amount. How many should he sell in
the same price to gain 25%.
(1) 30
(2) 25
(3) 20
(4) 18
(5) None of these
A person sells 40 articles for a rupee.
How much he would have bought in a
rupee if he gained 10%.
(1) 36
(2) 50
(3) 45
(4) 44
(5) None of these
35.
The profit earned after selling an
article for Rs. 625 is the same as loss
incurred after selling the article for Rs.
435. The cost price of the article is:
1.Rs. 520
2.Rs. 530
3.Rs. 540
4.Rs. 550
34.

A sold a watch to B at 20% gain and B

sold it to C at a loss of 10%. If C
bought the watch for Rs. 216, at what
price did A purchase it?
1.Rs. 200
2.Rs. 216
3.Rs. 250
4.Rs. 176
40.
A sells a bicycle to B at a profit of 30%
and B sells it to C at a loss of 20%. If C
pays Rs 520 for it, at what price did A
buy ?
(a)
(b)
(c) 500
(d)
41.
If the manufacturer gains 10%, the
wholesale dealer 15% and the retailer
25%, then the cost of production of an
article, whose retail price is Rs. 1265,
is:
1. 632.50
2. 800
3. 814
4. 83 4.34
42.
A person bought two watches for Rs
480. He sold one at a loss of 15% and
the other at a gain of 19% and he
found that each watch was sold at the
same price. Find the cost prices of the
two watches.
(a)320,160 (b)280,200 (c)300,180
(d) 200, 280
43.
A dealer professing to sell his goods at
cost price uses 900 gm weight for 1kg.
His gain percent is:
1. 9% 2. 10%
3. 11%
4. 11
44.

1
9

A seller uses 840 gm in place of one kg

to sell his goods. Find his actual %
profit or loss when he sells his article
on 4% loss on cost price.
(a)12.5% (b) 16.67%
(c)14.28%
(d) 16.5%
47.
A shopkeeper marks his goods to gain
35%. But he allows 10% discount for
cash payment. His profit percent is:
1. 13 %
2. 21 %
3. 25%
4. 31 %
48.
A traders marked price is 30% above
cost price. He allows his customers
10% discount on the market price.
What profit does he make?
1. 16%
2. 17%
3.
18%
4. 19%
49.
A shopkeeper claims to sell his articles
at a discount of 10%, but marks his
articles by increasing the cost of each
by 20%. His gain percent is:
1. 6%
2. 8%
3. 10%
4.
12%
50.
Successive discounts of 10% and 20%
are equivalent to a single discount of:
1. 15%
2. 28% 3. 30%
4. None
51.
A single discount equivalent to
successive discounts of 30%, 20% and
10% is:
1. 50%
2. 51%
3. 49.4%
4. 49.6%
52.
A company offers three types of
successive discounts. 1st: 25% and 15%

I. B. S.
INSITITUTE OF BANKING SERVICES

PROFIT & LOSS

; 2nd: 30% and 10%; 3rd: 35% and 5%.
Which offer is better for a customer?
1. 1st
2. 2nd
3. 3r
4. All are
equal
53.
A dealer offers a discount of 10% on
the marked price of an article and still
makes a profit of 20%. If its Marked
price is Rs. 800, and then the cost
price is?
1.Rs. 600
2.Rs. 700
3.Rs. 800
4.Rs. 900
54.
A sofa set carrying a sale price ticket
of 5000 is sold at a discount of 4%
thereby gaining 20%. The retailers
cost price of sofa set is:
1. Rs. 3600
2.Rs. 3800
3.Rs.
4000 4.Rs. 4200
55.
A dealer offers a discount of 10% on
the marked price of an article and still
makes a profit of 8%. What percent
more is the marked price from cost
price?
1. 20%
2.30%
3.18%
4. 25%

1.

66.

4. 33

A milkman buys some milk. If he sells

it at Rs 5 a litre, he loses Rs 200, but
when he sells it at Rs 6 a litre, he
gains Rs 150. How much milk did he
purchase?
(a)200lt (b) 350 lt (c) 50 lt
(d)
300lt

2.

Ram bought 1600 eggs at Rs. 3.75 per

dozen. He sold 900 of them at 2 for Rs
1 and the remaining at 5 for Rs. 2. His
gain percent is:
1. 40%
2. 45% 3. 42%
4. 46%
A radio is sold for Rs. 990 at a profit of
10%. What would have been the gain
or loss percent, had it been sold for
Rs. 890?
1. loss, 10%

1
9

loss, 1
3.

1
9

3.

4. Loss, 1%

The selling price of an article is 4/3

times its cost price. The gain percent
is:
1. 20

4.

2. Gain, 1

1
3

2. 20 %

3. 25 %

1
3
By selling 55m of cloth ram loss the
cost price of 11m. The loss percent is.
1. 10%
2. 20% 3. 25%
4. 33

1
3

5.

Answer -:
1
2
3

1
0
5

1
1
4

1
2
2

1
3
1

1
4
5

1
5
5

1
6
5

1
7
4

1
8
5

1
9
3

2
0
1

2
1
2

2
2
2

2
3
2

2
4
4

2
5
4

2
6
3

2
7
4

2
8
1

2
9
3

3
0
4

3
1
3

3
2
2

3
3
3

3
4
4

3
5
2

3
6
1

3
7
3

3
8
3

3
9
1

4
0
1

4
1
2

4
2
2

4
3
4

4
4
3

4
5
4

4
6
5

4
7
2

4
8
2

4
9
2

5
0
4

5
1
4

5
2
1

5
3
1

5
4
3

5
5
1

5
6
3

5
7
2

5
8
3

5
9
2

6
0
1

6
1
2

6
2
3

6
3
3

6
4
4

6
5
1

6
6
2

If an article is sold at a gain of 5%

instead of being sold at a loss of 5%,
one gets Rs. 5 more. What is the cost
price of the article?
1. Rs. 100
2. Rs. 105
3. Rs. 110
4.Rs. 50
6.
By selling a tape-recorder for Rs. 950, I
lose 5%. What percent shall I gain by
selling it for Rs. 1040?
1. 4%
2. 4.5% 3. 5%
4. 9%
7.
A dishonest shopkeeper pretends to
sell his goods at cost price but uses
false weight and gains 11

8.

. For a

weight of 1kg he uses:

1. a weight of 875 gm
2. A weight
of 900gm
3. A weight of 950 gm
4. None
A dishonest dealer sells goods at 6

1
4

% loss on cost price but uses 14

gms instead of 16 gms. What is his

percentage profit or loss?
1.

9.
Home Assignment

1
9

1
7

2. 4.5%

3. 5%

4. 9%
A machine was sold at a gain of 10%
had it been sold at Rs. 80 less, the
seller would have lost 10%. What is
the cost price of the machine?

I. B. S.
INSITITUTE OF BANKING SERVICES

PROFIT & LOSS

1. Rs. 350
2. Rs. 400
3.Rs. 450
4.Rs. 520
10.
Nita blends two varieties of tea one
costing Rs. 180 per kg and another
costing Rs. 200 pe kg in the ration 5:3,
if she sells the blended variety at Rs.
210 per kg, then her gain is:
1. 10%
2. 11% 3. 12%
4. 13%
11.
By using a false weight a dealer
defrauds his customers by 5% in
purchasing and by 5% in selling. His
gain percent is:
1. 10%
2. 2.5% 3. 10.25%
4. 11

10
19

12.

Mr. Ajay bought a car at 15% discount

on original cost. He then sold it with
20% profit on its purchase price. What
percentage profit did he make on the
original price?
1. 2%
2. 5%
3. 12%
4. 17%
13.
Two-thirds of a consignment was sold
at a profit of 6% and the rest at a loss
of 3%. If there was an overall profit of
Rs. 540, the value of the consignment
was:
1. 15000
2. 16000
3. 18000
4. None
14.
The ratio of cost price and selling price
of an article is 20:21. What is profit
percent on it?
1. 5%
2. 5.5% 3. 6%
4. 6.25%
15.
If a watch is sold at Rs. 60
, there is a loss of 15%. For a profit of 2% the
watch is to be sold at:
1. Rs. 70
2.Rs. 72
3.Rs. 75
4. Rs. 85
16.
A man sells tea at 10% profit and uses
a weight which is 20% less than the
actual measure. His gain percent is:
1. 30%
2. 35% 3. 37 %
4. None
17.

A dealer buys an article marked at Rs.

25000 with 20% and 5% off. He spends
Rs. 1000 on its repairs and sells it for
Rs. 25000. What is his gain or loss
percent?
1. Loss of 25%
2. Gain of
25%
3. Gain of 10%
4.
Loss of 10%
18.
Ajay purchased a T.V. set at 20%
discount. If he gets a discount of 25%,
he saves Rs. 1800. for how much does
he purchase the T.V set?
1. 33000
2. 31200
3. 28800
4. 27000
19.
A shopkeeper offers his customers
10% discount and still makes a profit
of 26%. What is actual cost of an
article for him marked 280?
1.Rs. 175
2.Rs. 200
3.Rs. 215
4.Rs. 225

20.

A seller allows a discount of 5% on a

watch. If he allows a discount of 7%,
he earns Rs. 15 less in the profit. What
is the marked price?
1.Rs. 697.5 2.Rs. 712.5
3.Rs. 750
4.Rs. 817.5
21.
The marked price of an electric irom is
Rs. 690. The shopkeeper allows a
discount of 10% and gains 8%. If no
discount is allowed his gain percent
would be:
1. 20%
2. 24%
3. 25%
4. 28%
22.
A trader marks his goods at such a
price that he can deduct 15% for cash
and yet make 20% profit. The marked
price of an item which cost him Rs. 85,
1. 95
2. 105
3. 120
4.
135
23.
A shopkeeper earns a profit of 12% on
selling a book at 10% discount on the
printed price. The ratio of the cost
price and the printed price is:
1. 45: 56
2. 50:61
3.
99:125
4. None
31.
An item is marked for Rs. 240 for sale.
If two successive discounts of 10% and
5% are allowed on the sale price then
the selling price of the article is:
1. 34.80
2. 36
3. 204
4.
205.20
32.
A shopkeeper sells his goods at 10%
discount on the market price. What
price should he mark on article that
cost him 900 to gain 10%?
1. 1100
2.1175
3. 1250
4. 1275
33.
A shopkeeper earns a profit of 15%
after selling a book at 20% discount on
the printed price. The ratio of the cost
price and the printed price of the book
is:
1. 16:23
2. 20:23
3. 23:16
4. 23:20
34.
The cost price of an article is 64% of
the marked price. What is the gain
percent if a discount of 12% is
allowed?
1. 37.5%
2. 48%
3. 50.5%
4. 52%
35.
What price should a shopkeeper mark
on an article costing him Rs. 153 to
gain 20%, after allowing a discount of
15%?
1. Rs. 162
2. Rs. 184 3. Rs. 216
4.Rs. 224
36.
The difference between a discount of
35% and two successive discounts of
20% and 20% on a certain bill was Rs.
22. The amount of bill is:
1.Rs. 200
2.Rs. 1100
3.Rs. 2200
4. none
37.
A trader wishes to gain 20% after
allowing 10% discount on the marked
price to his customers. At what
percent higher than the cost price
must he mark his goods?

I. B. S.
INSITITUTE OF BANKING SERVICES

PROFIT & LOSS

1. 30%

2
3
38.

39.

2. 33

1
3

rice for Rs. 385. The original price of

rice is:
1. 20
2. 22.50
3. 25
4.
27.50
A person sells an article at a profit of
10%. If he had bought it at 10% less
and sold it for 3 more, he would have
gained 25%. Find the cost price.
1.150 2. 120
3. 180 4. 90

3. 34

4. 35%
A dry-fruit seller mixes three varieties
of walnuts costing Rs. 50, Rs. 20 and
Rs. 30 per kg in the ratio 2:4:3 in
Terms of weight and sells the mixture
at Rs. 33 per kg. What percentage of
profit does he make?
1. 8%
2. 9%
3. 10%
4.
None
Pure ghee costs Rs. 100 per kg. After
aulterating it with vegetable oil
costing Rs. 50 per kg, a shopkeeper
sells the mixture at Rs. 96 per kg,
thereby making a profit of 20%. In
what ratio does he mix the two?
1. 1:2
2. 3:2
3. 3:1
4.

None
40.
A reduction of 20% in the price of
sugar enables a purchaser to obtain
3kg more for Rs. 120. The original
price of sugar per kg is
1. Rs. 15
2. Rs. 12
3. Rs. 10
4. Rs. 8
41.
A reduction of 20% in the price of rice
enables a person to buy 3.5 kg more

42.

Answer -:
1
2
3

1
0
3

1
1
4

1
2
1

1
3
3

1
4
1

1
5
2

1
6
3

1
7
2

1
8
4

1
9
2

2
0
3

2
1
1

2
2
3

2
3
1

2
4
4

2
5
1

2
6
3

2
7
2

2
8
3

2
9
1

3
0
1

3
1
4

3
2
1

3
3
1

3
4
1

3
5
3

3
6
3

3
7
2

3
8
3

3
9
4

4
0
3

4
1
4

4
2
2

4
3
2

4
4
4

4
5
1

4
6
3

4
7
2

4
8
3

4
9
1

5
0
2