Profit and Loss Questions with Solution (Basic)

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Q1. I sell 16 sheep at a gain of 12.5% and 20 more at a certain gain percent.  If 1 gain 25% on the whole, how much percent gain did I make on the latter number?

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Q2. 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%? 

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Q3. A dealer sells a horse for Rs.400, making a profit of 25%. He sells a  second horse at a loss of 10% and on the whole makes neither profit nor  loss. What did the second horse cost him? 

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Q4. I buy two horses, A and B. A costs Rs.50 more than B. I sell A at a profit of 16% and 13 at a profit of 7%. My total gain is Rs.100. What was the original price of 8? 

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Q5. If toffees are bought at the rate 18 for a rupee, then how many of them must be sold for a rupee to gain 20%? 

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Q6. A man's petrol bill in July is Rs.200. In August, the price of petrol increases by 10% and his consumption is reduced by 10%. Find his petrol bill in August. 

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Q7. 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?

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Q8.A bike costs Rs.48000. Its value depreciates by 30% in the first year and in each subsequent year the depreciation is 20% of the value at the beginning of that year. The value of the bike after 3 years will be 

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Q9. A person sold his watch for Rs.75 and got a percentage of the profit equal to the cost price. The cost price of the watch is

 

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Q10. A man sells two horses for Rs.1955 each. On one he gains 15% and on the other he loses 15%. His total gain or loss is

 

 

 

 

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Q11. Vivek bought 5 dozen apples at the rate of Rs.15 per dozen. He spent  Rs.15 on transportation. If he sold the apples at the rate of Rs.24 per dozen, what was his profit percentage?

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Q12. A shopkeeper purchases several articles at the rate of 11 for Rs.10 and sells them at the rate of 10 for Rs.11. What would be the profit earned by him?

 

 

 

 

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Q13. The cost price of 12 articles is the same as the selling price of 8 articles.  What is the profit percent?

 

 

 

 

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Q14. In order to increase revenue, a dealer announces 20% reduction in the unit price of an article. As a result, his sales volume increases by 20%.  What is the overall gain/loss to the dealer?

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Q15. Rakesh bought 20 chairs for Rs.1000. He repaired and sold them at the rate of Rs.500 per pair. He got a profit of Rs.100 per chair. How much did he spend on repairs?

 

 

 

 

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Q16. Kiran buys an article with 25% discount on the marked price. He makes a profit of 10% by selling it at Rs.660. What was the marked price?

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Q17. A dishonest dealer pretends to sell at the cost price but earns a profit of  25% by underweighing. What weight must he be using for 1 kg?

 

 

 

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Q18. A' sold a house to Bat a gain of 10% and B sold it to Cat a gain of 20%.  If C paid Rs.264000 for it, at what price must A have purchased it

 

 

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Q19. An increase, in the cost price of an article, by 22% leads to the value of  Rs.61. What was the original cost price of the article?

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Q20. When 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? 

 

 

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