Problems on calculating the overall profit or loss

Problems on calculating the overall profit or loss

#### A store sold 500 items at a profit of Rs. 5 per item. If the cost price of each item was Rs. 20, what was the overall profit or loss? 1. [x] Profit of Rs. 2500 2. [ ] Profit of Rs. 2000 3. [ ] Loss of Rs. 1250 4. [ ] Loss of Rs. 2000 #### A company produces 1000 units of a product at a cost of Rs. 20 per unit. If the selling price of each unit is Rs. 35, what is the overall profit or loss? 1. [x] Profit of Rs. 1500 2. [ ] Profit of Rs. 5000 3. [ ] Loss of Rs. 1500 4. [ ] Loss of Rs. 5000 #### A shop sold 600 books for Rs. 15 each. If the cost price of each book was Rs. 10, what was the overall profit or loss? 1. [ ] Profit of Rs. 1800 2. [x] Profit of Rs. 3000 3. [ ] Loss of Rs. 1800 4. [ ] Loss of Rs. 3000 #### A businessman purchased 500 kg of rice for Rs. 2000. He sold the rice at Rs. 8 per kg. What was his overall profit or loss? 1. [ ] Profit of Rs. 1000 2. [ ] Profit of Rs. 3000 3. [x] Loss of Rs. 1000 4. [ ] Loss of Rs. 3000 #### A toy store sold 800 toys at a price of Rs. 12 each. If the cost price of each toy was Rs. 8, what was the overall profit or loss? 1. [ ] Profit of Rs. 4800 2. [x] Profit of Rs. 6400 3. [ ] Loss of Rs. 4800 4. [ ] Loss of Rs. 6400 #### A retailer bought 300 shirts for Rs. 3000. If the selling price of each shirt was Rs. 15, what was the overall profit or loss? 1. [ ] Profit of Rs. 1500 2. [ ] Profit of Rs. 4500 3. [x] Loss of Rs. 1500 4. [ ] Loss of Rs. 4500 #### A bookstore sold 700 books for Rs. 10 each. If the cost price of each book was Rs. 6, what was the overall profit or loss? 1. [ ] Profit of Rs. 2100 2. [x] Profit of Rs. 4200 3. [ ] Loss of Rs. 2100 4. [ ] Loss of Rs. 4200