Profit & Loss

1. A car mechanic purchased four old cars for Rs. 1 lakh. He spent total 2 lakh in the maintenance
and repairing of these four cars. What is the average sale price of the rest three cars to get 50%
total profit if he has already sold one of the four cars at Rs. 1.2 lakh?
2. Bhajan Singh purchased 120 reams of paper at Rs 80 per ream. He spent Rs 280 on
transportation, paid octroi at the rate of 40 paise per ream and paid Rs 72 to the coolie. If he wants
to have a gain of 8 %, what must be the selling price per ream?
3. Cost of 3 cricket balls = cost of 2 pairs of leg pads.
Cost of 3 pairs of leg pads = cost of 2 pairs of gloves.
Cost of 3 pairs of gloves = cost of 2 cricket bats.
If a cricket bat costs Rs 54, what is the cost of a cricket ball?
4. Rahul went to purchase a Nokia mobile handset, the shopkeeper told him to pay 20% tax if he
asked the bill. Rahul manages to get the discount of 5% on the actual saleprice of the mobile and
he paid the shopkeeper Rs. 3325 without tax. Besides he manages to avoid to pay 20% tax on the
already discounted price, what is the amount of discount that he has gotten?
5. The marked price of an article is increased by 25% and the selling price is increased by 16.66%,
then the amount of profit doubles. If the original marked price be Rs. 400 which is greater than the
corresponding cost price by 33.33%, what is the increased selling price?
6. A person bought 20 litres of milk at the rate of Rs 8 per litre. He got it churned after spending
Rs 10 and got 5 kg of cream and 20 litres of toned milk. If he sold the cream at Rs. 30 per kg and
toned milk at Rs 4 per litre, his profit in the transaction is
7. If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then the cost
of production of a table, the retail price of which is Rs 1265 was:
8. Vilcas bought paper sheets for Rs 7200 and spent Rs 200 on transport. Paying Rs 600, he had
330 boxes made, which he sold at Rs 28 each. His profit percentage is:
9. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price
remains constant, approximately what percentage of the selling price is the profit?
10. What is the maximum percentage discount that a merchant can offer on her Marked Price so
that she ends up selling at no profit or loss, if she had initially marked her goods up by 50%?
11. A merchant who marked his goods up by 50% subsequently offered a discount of 20%. What
is the percentage profit that the merchant make after offering the discount?
12. A trader buys goods at a 19% discount on the label price. If he wants to make a profit of 20%
after allowing a discount of 10%, by what % should his marked price be greater than the original
label price?

13. One year payment to the servant is Rs. 200 plus one shirt. The servant leaves after 9 months
and receives Rs. 120 and a shirt. What is the price of the shirt?
14. Two merchants sell, each an article for Rs.1000. If Merchant A computes his profit on cost
price, while Merchant B computes his profit on selling price, they end up making profits of 25%
respectively. By how much is the profit made by Merchant B greater than that of Merchant A?
15. A merchant buys two articles for Rs.600. He sells one of them at a profit of 22% and the other
at a loss of 8% and makes no profit or loss in the end. What is the selling price of the article that
he sold at a loss?
Discount
1. If the true discount on a sum due 3 years hence at 14% per annum be Rs. 168, the sum due is:
2. The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time
after which it is due is:
3. The simple interest and the true discount on a certain sum for a given time and at a given rate
are Rs. 85 and Rs. 80 respectively. The sum is:
4. If Rs. 10 be allowed as true discount on bill of Rs. 110 due at the end of a certain time, then the
discount allowed on the same sum due at the end of double the time is:
5. Rs.20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on
the same sum due after half of the former time, the rate of interest being the same?
6. A man purchased a cow for Rs. 300 and sold it the same day for Rs. 360, allowing the buyer a
credit of 9 years. If the rate of interest be 7 % per annum, then the man has a gain of:
7. A trader owes a merchant Rs. 901 due 1 years hence. However, the trader wants to settle the
account after 3 months. How much cash should he pay, if rate of interest is 8% per annum:
8. A has to pay Rs. 220 to B after 1 year, B asks A to pay Rs. 110 in cash and defer the payment
of Rs. 110 for 2 years. A agrees to it. Counting, the rate of interest at 10% per annum in this new
mode of payment:
9. If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker's
discount on the same sum for the same time and at the same rate?
10. The banker's discount on Rs. 1800 at 12% per annum is equal to the true discount on Rs. 1872
for the same time at the same rate. Find the time.
11. The present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs.
20. What is the banker's discount?

12. A owes B, Rs. 1573 payable 1(1/2) years hence. Also B owes A, Rs, 1444.50 payable 6 months
hence. If they want to settle the account forthwith, keeping 14% as the rate of interest, then who
should pay and how much?
13. The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years
hence. If the rate of interest is the same in both eases, it is:
14. The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of
the bill is:
15. A bill falls due in 1 year. The creditor agrees to accept immediate payment of the half and to
defer the payment of the other half for 2 years. By this arrangement is Rs.40. What is the amount
of the bill, if the money be worth 12.5%?