Profit & Loss — Practice

Question 1

A shopkeeper buys an article for ₹800 and sells it for ₹920. What is the profit percentage?

Accepted Answer

B

Question 2

A trader buys goods for ₹600 and sells them at a loss of 15%. What is the selling price?

Accepted Answer

C

Question 3

A shopkeeper sells an item for ₹1,200, making a profit of 20%. What was the cost price?

Accepted Answer

B

Question 4

An item marked at ₹500 is sold after a 10% discount. What is the selling price?

Accepted Answer

B

Question 5

An item marked at ₹1,000 is sold after successive discounts of 10% and 20%. What is the final selling price?

Accepted Answer

C

Question 6

A shopkeeper marks his goods 40% above cost price and then offers a 10% discount on the marked price. What is his actual profit percentage?

Accepted Answer

C

Question 7

The cost price of 20 articles equals the selling price of 25 articles. What is the loss or profit percentage?

Accepted Answer

B

Question 8

A dishonest shopkeeper professes to sell his goods at cost price but uses a weight of 800g instead of 1kg. What is his effective profit percentage?

Accepted Answer

C

Practice — Profit & Loss