Profit and Loss (Classroom Sheet) - Basic Concepts and Formulas
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Questions and Answers

What was the loss percentage when 20% of 120 quintals of wheat was sold at a 25% loss?

  • 25%
  • 20% (correct)
  • 10%
  • 15%

If a person sold 40 pens at a loss of 5% out of 50 bought at `50 each, what should be the gain percent on the remaining pens to achieve an overall gain of 10%?

  • 22%
  • 20%
  • 18% (correct)
  • 16%

When Radha sold a fridge and a washing machine at the same price, with a 15% profit on the fridge and a 24% loss on the washing machine, what was the cost price of the washing machine if both were bought for `57300?

  • `15000
  • `30000
  • `20000
  • `25000 (correct)

A person bought 50 pens at `50 each. If he sold all 50 pens at the same selling price, what would be his overall profit percentage if he gained 10% on the whole transaction?

<p>12% (A)</p> Signup and view all the answers

In a total transaction, if there is neither loss nor gain, what should be the profit percentage?

<p>0% (C)</p> Signup and view all the answers

When a person wants to gain 5% on an item and actually gains 5%, what is the profit percentage?

<p>5% (A)</p> Signup and view all the answers

If a shopkeeper sells an article at 30% loss and the selling price is Rs 350, what is the cost price?

<p>Rs 500 (D)</p> Signup and view all the answers

A shopkeeper sells an article at 40% loss, and the selling price is Rs 6000. What is the cost price?

<p>Rs 10,000 (D)</p> Signup and view all the answers

If a book is sold at 20% profit, what is the ratio of the cost price to the selling price?

<p>6:7 (B)</p> Signup and view all the answers

The ratio of the cost price to the selling price is 10:11. What is the gain percentage?

<p>12% (D)</p> Signup and view all the answers

A shopkeeper sells an article at a 16% loss, and the selling price is Rs 500. What is the cost price?

<p>Rs 650 (D)</p> Signup and view all the answers

The selling price of a mobile phone is Rs 59,620, and it was sold at an 8.4% profit. What is the cost price?

<p>Rs 57,000 (A)</p> Signup and view all the answers

A dealer bought some toys for ₹1800. He sold 40% of these at a loss of 15% and 60% of the remaining toys at a 20% profit. At what percent profit should he sell the remaining toys to earn an overall profit of 10%?

<p>17.5% (C)</p> Signup and view all the answers

Three-fourths of a commodity is sold at a 15% profit, one-third is sold at a 20% profit, and the rest at a 24% profit. If a total profit of ₹62 is earned, what is the value of the commodity?

<p>₹310 (C)</p> Signup and view all the answers

Two-thirds of a consignment was sold at a profit of 5%, and the remaining was sold at a loss of 2%. If the total selling price of the consignment was ₹12,000, what was the cost price of the entire consignment?

<p>₹11,500 (A)</p> Signup and view all the answers

A merchant has a stock of 100 items, each costing ₹50. He sells 60 items at a profit of 10% and the remaining at a loss of 5%. What is his overall profit or loss?

<p>₹50 loss (D)</p> Signup and view all the answers

A retailer sells 70% of his items at a profit of 15% and the remaining at a loss of 10%. If his total revenue is ₹2,000, what was the total cost price of the items?

<p>₹1,900 (C)</p> Signup and view all the answers

A shopkeeper bought a batch of pens for ₹1,000. He sold 40% of them at a 20% loss, 30% at a 10% profit, and the remaining at a 5% loss. What is his overall profit or loss?

<p>₹20 loss (A)</p> Signup and view all the answers

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