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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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Question: Pepci and Coke, there are two companies, selling the packs of cold-drinks. For the same selling price Pepsi gives two successive discounts of 10% and 25%. While Coke sells it by giving two successive discounts of 15% and 20%.What is the ratio of their marked price?

Answer:136:135


Question: When a shopkeeper reduces the selling price from 1080 to 1026 its loss increases by 4 percentage point. What is the selling price of this same article when it fetches a profit of 4%?

Answer:Rs. 1404


Question: The difference between CP and SP of a table fan is RS. 175 when it gives the profit of 14%. What is the selling price of that fan?

Answer:1425


Question: A company instead of raising the mark-up by 20% discounted the cost price by 20% while stiching the price tag on its product. Further the company offers a discount of 6.25% to its customer. In this process company incurs a loss of RS. 37.5 on a single article. What is the selling price of that article?

Answer:112.5


Question: When an article is sold for Rs. 703 loss incurred is 25% less than the profit earned on selling it at Rs. 836. What is the selling price of the article when it earns a profit of 20% ?

Answer:912


Question: Arun bought toffees at 6 for a rupee. How many for a rupee he should sell to gain 20%?

Answer:5


Question: A scientific calculator is available at Universal Shoppe in Hazratganz at 20% discount and the the same is available at only 15% discount at Universal Shoppe Bhootnath Market. Ms. Agrawal has just sufficient amount of RS. 800 to purchase it at Universal Shoppe Hazaratganz. What is the amount that Mr. Agrawal has less than the required amount to purchase it at Universal Shoppe Bhootnath?

Answer:Rs. 50


Question: a balance of a trader weights 10% less than it should be. Still the trader marks-up his goods to get the overall profit of 20%. What is the markup on the cost price?

Answer:8%


Question: ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. What is the loss incurred by ITC?

Answer:4%


Question: The cost price of 19 articles is same as the selling price of 29 articles What is the loss %?

Answer:34.48%


Question: The selling price of 13 article is same as the cost price of 23 articles. What is the profit percentage?

Answer:76.92%


Question: A trader can procure 34 pencils by selling 28 pencils. What is the ratio of cost price to the selling price of a pencil?

Answer:14:17


Question: At style cloth emporium the shopkeeper measure 20% less for every metre of cloth also he marks-up goods by 20%. What is the profit percentage?

Answer:50%


Question: A bookseller procures 40 books for Rs. 3200 and sells them at a profit equal to the selling price of 8 books. What is the selling price of one dozen books, if the price of each book is same?

Answer:1200


Question: The profit percentage of A and B is same on selling the articles at RS. 1800 each but A calculates his profit on the selling price while B calculates it correctly on the cost price which is equal to 20%.What is the difference in their profits?

Answer:Rs. 60


Question: Each of A and B sold their article at Rs. 1818 but A incurred a loss of 10% while B gained by 1%. What is the ratio of cost price of the articles of A to that of B?

Answer:101:90


Question: A trader sold and article at a loss of 5% but when he increased the selling price by Rs. 65 he gained 3.33% on the cost price. If he sells the same article at Rs. 936, what is the profit percentage?

Answer:20%


Question: Even after a discount of q% on marked price a trader gains by p%. What is the markup percentage over the cost price?

Answer:(p+q)/((100-q))×100


Question: A milkman mixes 10% water in pure milk but he is not content with it so he again mixes 10% more water in the previous mixture. What is the profit percentage of milkman if he sells it at cost price:

Answer:21%


Question: A person sold an electronic watch at Rs. 96 in such a way that his percentage profit is same as the cost price of the watch. If he sells it at twice the percentage profit of its previous percentage profit then the new selling price will be:

Answer:Rs. 132