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: The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater than the corresponding cost price by 33.33%, what is the increased selling price?


Question: A shopkeeper calculated his profit per cent on the selling price which comes out to be 30%. If it had been calculated as usual on the cost price then what is the required percentage profit?

Answer:42 6/7%

Question: An item was sold after giving two successive discount of 20% and 10% respectively. If the item was sold for Rs. 468. The merked price of the item is:

Answer:Rs. 650

Question: The cost price of an article ‘A’ is Rs. 160 and selling price of another article ‘B’ is Rs. 240. If the selling priceof A will be equal to the cost price of B, then the profit after selling A is 20%. What is the profit on ‘B’?


Question: A single discount equivalent to three successive discounts of 5%, 10%,20% is:


Question: Ragani purchases oranges at Rs. 10 per dozen and sells them at Rs. 12 for every 10 oranges.What is the profit percentage?


Question: A trader uses a weighing balance that shows 1250 g for a kilogram. He further marks-up his cost price by 20%. What is the profit percentage?


Question: On selling an article for Rs. 240, a trader loses 4%, in order to gain 10% he must sell that article for:

Answer:Rs. 275

Question: A merchant marks his goods at Rs. 300 and allows a discount of 25%. If he still gains 12.5%, then the cost price of article is:

Answer:Rs. 200

Question: An item costing Rs. 200 is being sold at 10% loss. If he price is further reduces by 5%, the selling price will be:

Answer:Rs. 171

Question: A person sold two cows each for Rs. 9900. If he gained 10% on one and lost 20% on the other, then which of the following is true?

Answer:None of the above

Question: Two third of a consignment was sold at a profit of 5% and the remainder at a loss of 2% if the total profit was Rs. 400, the value of the consignment (in rupees) was:


Question: A fruit seller declares that he sells fruits at the cost price. However, he uses a wight of 450 g instead of 500 g . His percentage profit is:


Question: A person loses Rs. 20 by selling some bananas at the rate of Rs. 3 per banana and gains Rs. 30, if he sells them at Rs. 3.25 per banana. The number of bananas sold by him:


Question: Due to an increase of 30% in the price of eggs. 3 eggs less are available for Rs. 9.10. The present rate per egg is:

Answer:91 paise

Question: By selling 12 apples for a rupee, a man loses 20%. How many for a rupee should he sell to gain 20% ?


Question: A dealer buys a washing machine, listed at Rs. 10000 and gets 10% and 20% successive discounts. He spends 10% of his CP on transport. At what price (in rupees) should he sell the washing machine to earn a profit of 10%?


Question: 6% more is gained by selling a coat for Rs. 1425 than by selling it for Rs. 1353. The cost price of the coat is:

Answer:Rs. 1200

Question: By selling a wrist watch at Rs. 405 the shopkeeper incurs a loss of 10%. What is the gain or loss percentage if he sells the same watch at Rs. 465?

Answer:profit of 3.33%

Question: Titan sells a wrist watch to a wholesaler making a profit of 10%. The wholesaler, in turn, sells it to the retailer making a profit of 10%. Customer purchases it by paying Rs. 990. Thus the profit of retailer is 23/11% . What is the cost incurred by the Titan to produce it?