Introduction : Profit and loss

1. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

a. Rs.2000
b. Rs.2200
c. Rs.2400
d. Rs. data inadequate

2. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

a. No profit ,no loss
b. 5%
c. 8%
d. 10%
e. None of these

3. A dealer marks price of all the goods at 30 % above the cost price and assumes that he will make a profit of 15 % if he offers a discount of 15%. Find what will be his actual profit on sales?

a. 15%
b. 30%
c. 12.50%
d. 10.50%

4. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:

a. 14 2/7% gain
b. 15% gain
c. 14 2/7% loss
d. 15% loss

Answers—  1.A   2.B    3.D    4.A