Profit and Loss Questions & Answers

Q21 A shopkeeper buys an article for 600 Rs and marks it for sale at a price that gives him 60 % profit on his cost price. He, however, gives a 15 % discount on the marked price to his customer. Calculate the actual profit gained by the shopkeeper as well as his profit percent.

Q22 Ajay marks his good 20% above the cost price and sells then at a discount of 10%. If he gains Rs. 420, find the cost price of the goods.

Q23 At what per cent above the cost price must Atul mark his goods so that he gains 20% after giving a discount of 25% ?

Q24 A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a Particularly sticky bargainer. How much Percent above the cost price were his Wares listed?

Q25 A person sells two fans for Rs. 6800. The cost price of the first fan is equal to the selling price of the second fan. If the first is sold at 30% loss and the second at 100% gain, what is total profit or loss (in rupees)?

Q26 Raman calculates his profit % on the selling price whereas Rajeev calculates his on the cost price. They find that the difference of their profits Rs.150. If the selling price of both them are the same and both of them get 50% profit. Find their selling price.

Q27 A cloth merchant uses 120cm scale while buying, instead a meter scale ,but uses an 80 cm scale while selling the same cloth. If he offers a discount of 20% on cash payment. Find the profit percent.

Q28 A businessman sells a commodity at 10% profit. If he had bought it 10% less and sold it for rs2 less, then he would have gained 16(2/3)%. What is the cost price of the commodity?