Question
A shopkeeper purchases 50 shirts at a cost of ₹200 each. He applies a markup of 25% on the cost price to determine the marked price of each shirt. Upon inspection, 5 shirts are found to be defective and are discarded, having no resale value. The shopkeeper sells the remaining 45 shirts at a discount of 10% on the marked price. Calculate the overall percentage profit or loss made by the shopkeeper on the entire investment.
Asked in DSSSB MTS · 2026
Damaged · Quantitative Aptitude
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Do not calculate profit percentage only on the undamaged goods when total business profit is asked.
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Profit on cost price and profit on selling price may sound similar, but the percentage base is different in each case.
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Questions Asked from Profit and Loss in Previous Exams
See how often Profit and Loss has appeared in previous-year questions across major government exams.
59UPSC Questions Asked in These Years:2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2026
39SSC Questions Asked in These Years:2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026
32Railways Questions Asked in These Years:2016, 2018, 2020, 2021, 2022, 2023, 2024, 2025, 2026
55State PSC Questions Asked in These Years:2002, 2004, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025
Profit and Loss has appeared in 185 previous-year exam questions, most frequently in UPSC, State PSC and SSC.
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