Profit and Loss (Railway Maths) (Part – II)

Total Questions: 50

1. A dealer sold three-fifths of his goods at a gain of 25% and the remaining at cost price. What is his loss or gain percent in the whole transaction? [Group D 24/08/2022 (Evening) ]

Correct Answer: (a) 15% gain
Solution:

2. A tradesman marked his goods at 26% above its cost price and then allowed a discount of 13%. His gain (in %) is: [Group D 25/08/2022 (Morning)]

Correct Answer: (b) 9.62
Solution:

26% above, means 100 : 126 13% discount, means 100 : 87
Overall percentage = 10000 : 10962
Gain % = 962/10000 × 100 = 9.62%

3. A shopkeeper allows successive discount of 20% and 15% on an item of marked price ₹2,000. At what price did he sell the item? [Group D 25/08/2022 (Morning)]

Correct Answer: (c) ₹1,360
Solution:

4. If the selling price of an almirah is doubled, profit is tripled. Find the profit percentage. [Group D 25/08/2022 (Afternoon)]

Correct Answer: (d) 100%
Solution:

5. If a man bought 6 pencils for ₹5, and sold them at 5 pencils for ₹6, then the gain percentage is: [Group D 25/08/2022 (Afternoon)]

Correct Answer: (d) 44%
Solution:

6. In a certain store, the profit is 260% of the cost. If the selling price is ₹7,200, then the cost price is: [Group D 25/08/2022 (Evening)]

Correct Answer: (b) ₹2,000
Solution:

7. A shopkeeper offered successive discounts of 10% and 15% on an article having a marked price of ₹28,000. Find the selling price of the article. [Group D 25/08/2022 (Evening)]

Correct Answer: (a) ₹21,420
Solution:

8. The cost of two chairs and three tables is ₹1,450. If a chair costs ₹250 less than a table, then find the cost of one table. [Group D 26/08/2022 (Morning) ]

Correct Answer: (a) ₹390
Solution:

9. An article marked Rs 275 is sold at a discount of 5%. The seller still gets a profit of 4.5%. How much did he pay for it? [Group D 26/08/2022 (Afternoon)]

Correct Answer: (a) ₹250
Solution:

10. By what percent above the cost price should a shopkeeper mark his goods so that even after allowing a discount of 8% on the marked price, he may make a profit of 15%? [Group D 26/08/2022 (Afternoon)]

Correct Answer: (a) 25%
Solution: