Profit and Loss

IMPORTANT

Profit and Loss: Overview

This topic covers concepts, such as, Overhead Charges, Finding Profit and Loss Given as Percentage, Bill Amount and Profit or Loss while Buying and Selling etc.

Important Questions on Profit and Loss

MEDIUM
IMPORTANT

A shopkeeper labeled the price of his articles so as to earn a profit of 30% on the cost price. He then sold the articles by offering a discount of 10% on the labeled price. What is the actual profit percent earned in the deal?

MEDIUM
IMPORTANT

Read the following information and answer the given question.

The price of gold increased by 25% from Jan 1 to Feb 1. On March 1, it stood at 10% less than Feb 1. On March 1, Bina came across a scheme having 18th gram of gold free for every gram of gold bought. Bina bought 809 grams of gold, and got the specified quantity free. On April 1, the price of gold stood at 33.33% higher than March 1 and Bina sold all the gold that she had. On May 1, the price of gold reduced by 33.33% and stood at Rs. 5000 for 10 grams.

What was Bina's profit percent after selling the gold?

MEDIUM
IMPORTANT

A shopkeeper marks his goods  30% above his cost price but allows a discount of  10% at the time of sale. His gain is:

MEDIUM
IMPORTANT

If the cost price of 20 articles is equal to the selling price of 16 articles, what is the percentage profit or loss made by the merchant?

MEDIUM
IMPORTANT

Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:

EASY
IMPORTANT

Simplification :

b - [b -(a+b) - {b - (b - a+b)} + 2a] = ?

HARD
IMPORTANT

Arvind purchased a wrist watch with 30% discount on the marked price. He sold it with 40% profit on the price he bought. What was his percent loss on marked price?

EASY
IMPORTANT

Break-even analysis can be used for:

MEDIUM
IMPORTANT

A shopkeeper sells notebooks at the rate of 45 each and earns a commission of 4%. He also sells pencil boxes at the rate of 80 each and earns a commission of 20%. How much amount of commission will he earn in two weeks if he sells 10 notebooks and 6 pencil boxes a day?

EASY
IMPORTANT

A shopkeeper buys 106 kg and 94 kg of two kinds of tea at the rate of 25.50 per kg and 30.50 per kg. He mixes both kinds of tea and sells the mixture at 33.42 per kg. What is his gain percent?

MEDIUM
IMPORTANT

A dishonest trader claims that his selling price is equal to his cost price but weights 900 gms. instead of 1 kg. then his profit percent is -

MEDIUM
IMPORTANT

By selling an article for 826 merchant has a profit of 18%. But due to a fall in demand, he sells it at only 23 of the profit per cent. Find his selling price.

EASY
IMPORTANT

Two vessels A and B contain spirit and water in the ratio 5:2 and 7:6 respectively. Find the ratio in which these mixtures can be mixed to obtain a new mixture in vessel C containing spirit and water in the ratio 8:5.

EASY
IMPORTANT

The cost of 5 kg of apple is equal to the cost of 12 kg of rice. The cost of 3 kg of flour is equal to one kg of rice. The cost of one kg. of flour is RS 17.50. What is the total cost of 3 kg of apple, 2 kg of rice and 4 kg of flour together ?

MEDIUM
IMPORTANT

A car dealer sells a SUV for $39,000 which represents a 25% profit over the cost. What was the cost of the SUV to the dealer?

MEDIUM
IMPORTANT

Raju purchased an item for 4,500 and sold it at the gain of 15%. From that amount, he purchased another item and sold it at a loss of 10%. What is his overall gain/loss?

EASY
IMPORTANT

Which of the following numbers will completely divide (319 + 320 + 321 + 322) ?

MEDIUM
IMPORTANT

Veer calculates his profit percentage on the selling price, whereas Vipin calculates his profit percentage on the cost price. They find that the difference of their profits is 100. If the selling price of both of them are the same and both of them get 20% profit, find their selling price?

EASY
IMPORTANT

The ratio of the cost price to the selling price of an article is 5:7 and the ratio of marked price to the selling price of the same article is 4:3. A shopkeeper marked 32 units of such articles at the rate of 140 each. If all the articles were sold out, how much profit (in ₹) did he earn?

EASY
IMPORTANT

Ram has a watch whose cost price is 900; he marked his watch at a certain price and gave a certain discount. If the profit % and the discount % of the watch were equal and the marked price of the watch to be 1100, then find the profit of the watch?