### Profit and Loss

1.A shopkeeper sells two watches for Rs 308 each. On one watch he earns 12% profit and on the others he suffers 12% loss. His profit or loss in the entire transaction was:
1. 1(11/25)% loss
2. 1(11/25)% gain
3. 3(2/25)% loss
4. 3(2/25)% gain

2.A sells an article to B at 15% profit. B sells it to C at 10% loss. If C pays Rs 517.50 for it then A purchased it at:
1. Rs 500
2. Rs 750
3. Rs 1000
4. Rs 1250

3.By selling 100 oranges, a vendor gains the selling price of 20 oranges. His gain per cent is:
1. 20
2. 25
3. 30
4. 32

4.A fan in a shop is offered at a discount of 10%. It is sold during clearance sale at 6% discount over the already discounted price at Rs 846. The original marked price of the fan is:
1. Rs 1000
2. Rs 900
3. Rs 850
4. Rs 896

5.A sells an article to B making a profit of 1/5 th his outlay. B sells it to C, gaining 20%. If C sells it for Rs 600 and incurs a loss of 1/6 th his outlay, the cost price of A is:
1. Rs 600
2. Rs 500
3. Rs 720
4. Rs 800

6.The profit earned after selling a wrist watch for Rs 4,080 is the same as the loss incurred after selling the same wrist watch for Rs 3,650. What is the cost price of the wrist watch?
1. Rs 3,785
2. Rs 3,800
3. Rs 3,775
4. Rs 3,865

7.Kamya purchased an item for Rs 46,000 and sold it at a loss of 12 per cent. With that amount she purchased another item which he sold at a gain of 12%. What was her overall gain/loss?
1. Loss of Rs 662.40
2. Profit of Rs 662.40
3. Loss of Rs 642.80
4. Profit of Rs 642.80

8.A shopkeeper sells notebooks at the rate of Rs 457 each and earns a commission of 4%. He also sells pencil boxes at rate of Rs80 each and earns a commission of 20%. How much amount(approximately) of commission will he earn in two weeks if he sells 10 notebooks and 6 pencils boxes a day?
1. Rs 1,956
2. Rs 1,586
3. Rs 1,496
4. Rs 3900

9.A shopkeeper bought 30 kg of wheat at the rate of Rs 45 per Kg. He sold 40% of the total quantity at the rate of Rs 50 per Kg. Approximately, at what price per Kg should he sell the remaining quantity to make 25 per cent overall profit?
1. Rs 54
2. Rs 52
3. Rs 50
4. Rs 60

10.Profit earned by an organization is distributed among officers and clerks in the ratio of 5 : 3. If the number of officers is 45 and the number of clerks is 80 and the amount received by each officer is Rs 25,000, what was the total amount of profit earned?
1. Rs 22 lakh
2. Rs 18.25 lakh
3. Rs 18 lakh
4. Rs 23.25 lakh

Answers
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 