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

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Question: A table with marked price Rs/ 1200 was sold to a customer for Rs/1100. Find the rate of discount allowed on the table.

Answer:8 1/3%

Question: Selling an item for Rs.1800 at a discount of 10% a shopkeeper had a gain of Rs.200. Had he sold the item without discount the percentage of profit would have been :


Question: The marked price of an article is Rs.500. A shopkeeper gives a discount of 5% and still makes a profit of 25%. The cost price of the article is:


Question: The marked price of a table is Rs.12000. If it was sold for Rs.10500 after allowing a certain discount , then the rate of discount is :


Question: An article is sold for Rs.300/- at a profit of 20%. Had it been sold For Rs.235, the loss percentage would have been:


Question: The selling price of 20 articles is equal to the cost price of 22 articles. The gain percentage is :


Question: A man gains 10% by selling an article for a certain price. If he sells it at double the price, then the profit made is :


Question: A retailer purchased radio sets at the rate of Rs. 400 each from a wholesaler. He raised the price by 30% and then allowed a discount of 8% on each set. His profit will be :


Question: A fruit seller buys some oranges at the rate of 4 for Rs.10 and an equal number more at 5 for Rs..10 He sells the whole lot at 9 for Rs/20. What is his loss or gain per cent ?

Answer:Loss per cent 1 19/81 %

Question: The cost of manufacture of an article was Rs.900. The trader wants to gain 25% after giving a discount of 10%. The marked price should be :


Question: The price of sugar having gone down by 10%, a consumer can buy 5 kg. more sugar for Rs.270. The difference between the original and reduced price per kg. is :

Answer:60 paise

Question: The marked price of a watch was Rs.720. A man bought the same for Rs.550.80 after getting 2 successive discounts, the 1st being 10%. What was the 2nd discount ?


Question: A person bought two bicycles for Rs.1600 and sold the first at 10% profit and the second at 20% profit. If he sold the first at 20% profit and the second at 10% profit, he would get Rs.5 more. The difference in the cost price of the two bicycles was :


Question: Arvind purchased a wrist watch with 30% discount on the labelled price. He sold it with 40% profit on the price he bought. What was his per cent loss on the labelled price ?


Question: A dealer offered a machine for sale for Rs.27500 but even if he had charged 10% less, he would have made a profit of 10%. The actual cost of the machine is :


Question: A man makes a profit of 20% on the sale by selling 20 articles for Rs.1. the number of articles he brought by Rs.1 is :


Question: A grain dealer cheats to the extent of 10% while buying as well as selling by using false weights. His total profit percentage is :


Question: The marked price of a shop keeper for an article is 30% higher than the cost price. If he sells the article allowing 10% discount to customers, then the gain per cent will be :


Question: A man buys one table and one chair for Rs/500. He sells the table at a loss of 10% and the chair at a gain of 10%. He still gains Rs.10 on the whole. The cost price of the chair is :


Question: A shopkeeper allows a discount of 10% to his customers and still gains 20%. Find the marked price of the article which costs Rs.450.