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 merchant marks his goods at Rs. 900 and allows a discount of 25%. If still gain 12.5%, then the cost price of the article is:

Answer:can't be determined

Question: a vendor buys orange @ Rs. 2 for 3 oranges and sells them at a rupee each. To make a profit of Rs. 10 he must sell:

Answer:30 oranges

Question: Abhishek and Bhanu both are dealers o KML scooters. The price of a KML Scooter is Rs. 28,000. Abhishek gives a discount of 10% on whole, while Bhanu gives a discount of 12% on the first Rs. 20,000 and 8% on the rest Rs. 8000. What is the difference between their selling prices?

Answer:Rs. 240

Question: A trader sells two article. One at a loss of 10% and another at a profit of 15% but finally there is no loss or gain. If the total sale price of these two article is Rs. 30,000, find the difference between their cost prices:

Answer:Rs. 6000

Question: A milkman purchases the milk at Rs. x per litre and sells it at Rs. 2x per litre still he mixes 2 litres water with every 6 liters of pure milk. What is the profit percentage?


Question: 60% goods are sold at 5% loss while rest are sold at 10% profit. If there is a total profit of Rs. 100, then the worth of goods sold is:

Answer:Rs. 10000

Question: A retailer bought 20 kg tea at a discount of 10%. Besides 1 kg tea was freely offered to him by the wholesaler at the purchase of 20 kg tea. Now he sells all the tea at the marked price to a customer. What is profit percentage of retailer?


Question: Two article are sold at the same price. One at a profit of 75% and another one at a loss of 30%.What is the overall profit or loss?

Answer:none of these

Question: What is percentage profit in selling an article at a discount of 20% which was earlier being sold at a 40% profit?


Question: A man bought 18 orange for a rupee and sold them at 12 orange s for a rupee. What is the profit percentage?


Question: A dealer buys a product at Rs. 1920, He sells at a discount of 20% still be gets the profit of 20%. What is the selling price of that Product?

Answer:Rs. 2304

Question: Tinkawala purchased the article for Rs. 123684. He sold 60% of those at a profit of 16.66% and rest at a loss. Find the loss percentage on the remaining if the overall loss is 14%?


Question: What should be the minimum markup percentage such that after giving a discount of 66 2/3 % there will not be a loss?


Question: The ratio of cost price and marked price of an article is 2:3 and ratio of percentage profit and percentage discount is 3:2 .What is the discount percentage?


Question: A dealer gives as much discount (in per cent) as the markup (in per cent) above the cost price. What is the profit or loss per cent?

Answer:can't be determined

Question: In the above problem, what is the markup percentage when there is a loss in percentage be half of the percentage markup?

Answer:none of these

Question: A shopkeeper sold 12 cameras at a profit of 20% and 8 cameras at a profit of 10% if he had sold all the 20 cameras at a profit of 15%, then his profit would have been reduced by Rs. 36. What is the cost price of each camera?


Question: Mr. Mittal purchased a car for Rs. 3,00,000 and a bike for his son for Rs. 1,00,000. He sold the car at a profit of 10% and bike at a loss of 20%. What is the net gain or loss?

Answer:2.5% gain

Question: A trader sells 20kg of sugar at Rs. 400. A customer asks 20% discount and he agrees to it but instead of 1 kg he gives 4% less sugar.What is the effective discount that the customer gets?


Question: The profit percentage on the three articles A,B and C is 10%, 20% and 25% and the ratio of the cost price is 1:2:4.Also the ratio of number of articles sold of A,B and C is 2:5:2, then the overall profit percentage is: