Profit & Loss

Q.1: Ram purchases a flower vase for Rs.340. He sells the same to his friend for Rs.300. How much profit/loss did he make on this deal ?

a) Rs.40 profit

b) Rs.40 loss

c) Rs.300 profit

Q.2: Mohan buys a house for Rs.9,80,000. He spends Rs.1,25,000 on interior designing. On what price should he sell this house in order to earn Rs.85,000 profit ?

a) 10,84,000

b) 11,90,000

c) 10,65,000

Q.3: A shopkeeper buys a dozen of bananas for Rs.48. He sells the bananas at the price of Rs.6 each. Find the profit/loss he makes on this whole deal.

a) Rs.2 profit

b) Rs.14 loss

c) Rs.24 profit

Q.4: Soha sells her books worth Rs.1,580 to her friend for Rs.1,268. Find the profit/loss she makes in this deal.

a) Rs.312 profit

b) Rs.258 loss

c) Rs.312 loss

Q.5: Meghna buys a mobile phone worth Rs.8,650. She purchases a sim card worth Rs.180 with the mobile phone. For what amount did she sell the mobile phone without the sim card, if she suffered a loss of Rs.128 ?

a) Rs.8,830

b) Rs.8,702

c) Rs.8,522

Q.6: The shop is selling the T-Shirts worth Rs.200 at the discounted price of Rs.158. Find the amount of discount.

a) Rs.42

b) Rs.55

c) Rs.58

Q.7: Hari bought a television set of Rs.18,000. Later, he sold it at the profit of Rs.1,854. Find the selling price of the television set.

a) Rs.19,854

b) Rs.20,856

c) Rs.16,146

Q.8: The shopkeeper made a loss of Rs.480, when he sold the dining set for Rs.25,000. Find the original price of the dining set.

a) Rs.24,480

b) Rs.25,480

c) Rs.24,520

Q.9: Manoj purchased a car for Rs.4,55,000. He spent additional Rs.45,560 on the car. For what amount should he sell the car in order to make a profit of Rs.50,000.

a) Rs.5,05,000

b) Rs.5,50,560

c) None

Q.10: Sahu purchased two bullocks at the price of Rs.2,800. He sold the bullock-1 and bullock-2 for Rs.1,480 and Rs.1,390 respectively. Find the profit/loss he made on this whole deal.

a) Rs.170 profit

b) Rs.70 profit

c) Rs.170 loss