Profit and loss

2014 · Q23

If Sohan, while selling two goats at the same price, makes a profit of 10% on one goat and suffers a loss of 10% on the other

1. (a)he makes no profit and no loss.
2. (b)he makes a profit of 1%.
3. (c)he suffers a loss of 1%.UPSC key
4. (d)he suffers a loss of 2%.

2016 · Q80

A person allows a 10% discount for cash payment from the marked price of a toy and still he makes a 10% gain. What is the cost price of the toy which is marked Rs. 770?

1. (a)Rs. 610
2. (b)Rs. 620
3. (c)Rs. 630UPSC key
4. (d)Rs. 640

2017 · Q20

Gopal bought a cell phone and sold it to Ram at 10% profit. Then Ram wanted to sell it back to Gopal at 10% loss. What will be Gopal's position if he agreed?

1. (a)Neither loss nor gain
2. (b)Loss 1%
3. (c)Gain 1%UPSC key
4. (d)Gain 0·5%

2018 · Q57

A shopkeeper sells an article at ₹ 40 and gets X% profit. However, when he sells it at ₹ 20, he faces same percentage of loss. What is the original cost of the article?

1. (a)₹ 10
2. (b)₹ 20
3. (c)₹ 30UPSC key
4. (d)₹ 40

2019 · Q39

Rakesh had money to buy 8 mobile handsets of a specific company. But the retailer offered very good discount on that particular handset. Rakesh could buy 10 mobile handsets with the amount he had. What was the discount the retailer offered?

1. (a)15%
2. (b)20%UPSC key
3. (c)25%
4. (d)30%

2020 · Q40

A person bought a car and sold it for ₹ 3,00,000. If he incurred a loss of 20%, then how much did he spend to buy the car?

1. (a)₹ 3,60,000
2. (b)₹ 3,65,000
3. (c)₹ 3,70,000
4. (d)₹ 3,75,000UPSC key

2020 · Q47

A shop owner offers the following discount options on an article to a customer:

1.Successive discounts of 10% and 20%, and then pay a service tax of 10%

2.Successive discounts of 20% and 10%, and then pay a service tax of 10%

3.Pay a service tax of 10% first, then successive discounts of 20% and 10%

Which one of the following is correct?

1. (a)1 only is the best option for the customer.
2. (b)2 only is the best option for the customer.
3. (c)3 only is the best option for the customer.
4. (d)All the options are equally good for the customer.UPSC key

2024 · Q16

What percent of water must be mixed with honey so as to gain 20% by selling the mixture at the cost price of honey?

1. (a)20%UPSC key
2. (b)10%
3. (c)5%
4. (d)4%