Profit and loss percentage One word problems

1. Fill in the blanks:

(i) Loss or gain percentage is always calculated on the__________.Profit and loss percentage https://youtu.be/rV5WCxw43bI

(ii) A mobile phone is sold for ₹8400 at a gain of 20% . Th e cost price of the mobile phone
is________.

(iii) An article is sold for ₹555 at a loss of 7 1/2% . The cost price of the article is ________.

(iv) Th e marked price of a mixer grinder is ₹4500 is sold for ₹4140 aft er discount. Th e rate
of discount is __________.

(v) Th e total bill amount of a shirt costing ₹575 and a T-shirt costing ₹325 with GST of 5
% is______

Objective Type Questions

13. A fruit vendor sells fruits for ₹200 gaining ₹40. His gain percentage is
(a) 20% (b) 22% (c) 25% (d) 16 2/3%

14. By selling flower pot for ₹528, a woman gains 20% . At what price should she sell it to
gain 25% ?
(a) ₹500 (b) ₹550 (c) ₹553 (d) ₹573

15. A man buys an article for ₹150 and makes overhead expenses which are 12% of the cost
price. At what price must he sell it to gain 5% ?
(a) ₹180 (b) ₹168 (c) ₹176.40 (d) ₹85

16. Th price of a hat is ₹210. What is the marked price of the hat if it is bought at
16% discount?
(a) ₹243 (b) ₹176 (c) ₹230 (d) ₹250

17. Th single discount which is equivalent to two successive discount of 20% and 25% is
(a) 40% (b) 45% (c) 5% (d) 22.5%

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