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Profit and Loss QUESTIONS

Exam NameProfit and Loss QUESTIONS
DescriptionProfit and Loss QUESTIONS and Answers exams contains the questions from various competitive exams.These questions are the part of previous year paper.These kind of questions would be helpful in preparing for exams like IAS, PCS, UPSC, NDA, CDS SSC, RRB, PSC, IBPS
Exam TypeMASTER EXAM
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creatorAnirudh(39045)
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Question: Alfred buys an old scooter for R.4700/- and spends Rs.800/- on its repairs. If he sells the scooter for Rs.5800, his gain percent is:

Answer:5(5/11)%


Question: A shopkeeper purchased 70 kg. of potatoes for Rs.420 and sold the whole lot at the rate of Rs.6.50 per kg. What will be his gain percent ?

Answer:8(1/3)%


Question: Sam purchased 20 dozens of toys at the rate of Rs.375/- per dozen. He sold each one of them at the rate of Rs.33/-. What was his percentage profit ?

Answer:5.6


Question: 100 oranges are bought at the rate of Rs.350 and sold at the rate of Rs.48 per dozen. The percentage of profit or loss is:

Answer:14(2/7)% gain


Question: A man buys a cycle for Rs.1400/- and sells it at a loss of 15%. What is the selling price of the cycle ?

Answer:1190


Question: A sells an article which costs him Rs.400/- to B at a profit of 20%. B then sells it to C, making profit of 10%on the price he paid to A. How much does C pay B ?

Answer:528


Question: Peter purchased a machine for Rs.80000/- and spent Rs.5000/-on repair and Rs.1000/-on transport and sold it with 25% profit. At what price did he sell the machine ?

Answer:107500


Question: A shopkeeper expects a gain of 22(1/2)% on his cost price. If in a week, his sale was of Rs.392 what was his profit?

Answer:72


Question: A shopkeeper expects a gain of 22(1/2)% on his cost price. If in a week, his sale was of Rs.392 what was his profit?

Answer:72


Question: Jacob bought a scooter for a certain sum of money . He spent 10% of the cost on repairs and sold the scooter for a profit of Rs.1100/-. How much did he spend on repairs if he made a profit of 20%?

Answer:Rs.500


Question: A manufacturer undertakes to supply 2000 pieces of a particular component at Rs.25 per piece.According to his estimates, even if 5% fail to pass the quality tests, then he will make a profit of 25%. However, as it turned out, 50% of the components were rejected. What is the loss to the manufacturer ?

Answer:Rs.13000


Question: By Selling a bicycle for Rs.2,850, a shopkeeper gains 14%, If the profit is reduced to, then the selling price will be

Answer:Rs.2,700


Question: A merchant find his profit as 20% of the selling price. his actual profit is

Answer:25%


Question: By Selling 100 Pencils, a shopkeeper gains the selling price of 20 pencils his gain percent is

Answer:25


Question: By what percent must the cost price be raised in fixing the sale price in order that there may be a profit of 20% after allowing a commission of 10%?

Answer:33(1/3)


Question: If the percent got on selling an article is numerically equal to its cost price in rupees and the selling price is Rs.39, then cost price (in Rs.) will be

Answer:30


Question: A car worth of Rs.1,50,000 was sold by X to Y at 5% profit. Y sold the car back to X at 2% loss .In the entire transaction

Answer:X gained Rs.3,150


Question: A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is

Answer:45:26


Question: A bicycle marketed as Rs.2,000, is sold with two successive discount of 20% and 10%. An additional discount of 5% is offered for cash payment. The selling price of the bicycle at cash payment is

Answer:Rs.1,368


Question: Krishna bought a camera and paid 20% less than its original price. he sold it at 40% profit on price he had paid . The percentage of profit earned by the krishna on the original price was

Answer:12