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Profit, Loss and Discount
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Question 1 of 10
1. Question
By selling a cycle for 14250 a shopkeeper suffers a loss of Rs.750 . Find his loss percent.
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Correct Answer: 5%
S.P. of cycle = 14250
Loss = 750
C.P. = S.P. + Loss = 14250 + 750 = 15000
Loss% = (Loss/(C.P.) X 100) = 5% 
Question 2 of 10
2. Question
Sam bought a second hand vehicle for 16000 and spend 2000 on its repair. Then , he sold it for 17000. Find his loss or gain percent ?
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Correct Answer:
C.P. of the vehicle = 18000
S.P. of the vehicle = 17100
Since C.P. > S.P. Sam has loss
Loss = C.P. – S.P. = 900
Loss % = Loss / C.P. X 100 = 900/18000 X 100 = 5% 
Question 3 of 10
3. Question
If the cost price of 8 pencil is equal to selling price of 6 pencils, find the gain per cent.
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Correct Answer:

Question 4 of 10
4. Question
Rohit bought a calculator for 750. At what price should he sell it to gain 10%?
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OOPS! Incorrect Answer
Correct Answer: 825
Explanation :
C.P. of the calculator = 750
Gain = 10%
S.P. = ((100+Gain %)/100) X C.P. = 110 /100 X 750 = 825 
Question 5 of 10
5. Question
Category: ACHIEVERS SECTIONA man sold two pieces of land for 8800 each, on one he gained 10% and on the other he lost 10%. Find his gain or loss% on the whole transaction.
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OOPS! Incorrect Answer
Correct Answer: 17777.78
Explanation:
First piece of land : S.P. = Rs. 8800 . Gain = 10%
C.P. = 100/(100+Gain% ) X S.P. = 100/110 X 8800= 8000
Second Piece of land : S.P. = Rs. 8800 Loss = 10%
C.P. = 100/(100Loss% ) X S.P.= 100/90 X 8800= 9777.98
Total S.P. = 17600
Total C.P. = 17777.78
Loss = 177.98
Loss Percent = 177.98/17777.78 X 100= 1% 
Question 6 of 10
6. Question
On selling of a chair for 1800 , a shopkeeper loses 10%. For what amount should he sell to gain 10% ?
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OOPS! Incorrect Answer
Correct Answer:
Explanation:
S.P. = 1600
Loss = 10%
C.P. = 100/((100Loss%)) X S.P. = 100/((10010)) X 1800 = 2000
Gain = 10%
S.P. = ((100+Gain%))/100 X C.P. = ((100+10))/100 X 2000 = 2200 
Question 7 of 10
7. Question
A dealer marks a sewing machine for 16000 and allows a discount of 5% on it. Find the selling price of the sewing machine ?
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OOPS! Incorrect Answer
Correct Answer:
15200
Explanation :
Marked price = 16000
Discount = 5% of 16000 = 800
Selling price of the sewing machine = M.P. – Discount = 16000 – 800 = 15200 
Question 8 of 10
8. Question
A laptop is marked for 45000 and sold for 34000. What percent of discount is allowed?
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Correct Answer:
11000
Explanation:
M.P. = 45000 S.P. = 34000 Discount = (M.P. ) – (S.P.) = 45000 – 34000 = 11000 
Question 9 of 10
9. Question
A trader marks his goods 20% above the cost price and allows a discount of 25% on it .What percentage does he gain?
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OOPS! Incorrect Answer
Correct Answer: 90
Explanation:
Let cost price be 100
Marked Price = 100 + 20 = 120
Discount on it = 25% of 120 = 30
S.P. = Marked Price – Discount = 120 – 30 = 90 
Question 10 of 10
10. Question
A shopkeeper sells a school bag at 25% discount. Find the marked price of the school bag whose selling price is 600.
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OOPS! Incorrect Answer
Correct Answer: 800
Explanation:
Discount = 15%
Let the marked price be 100 Discount = 25
S.P. = 100 – 25 = 75
If S.P. is 75 , maked price = 100
If S.P. is 1 , maked price = 100 / 75
If S.P. is 500 , maked price = (100/75) X 600 = 800