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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

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Question: A trader mixes 25% kerosene to his petrol and then he sells the whole mixture at the price of petrol. If the cost price of kerosene be 50% of the cost price of petrol, what is the net profit percentage?


Question: A retailer cheats both to his whole-seller and his customer by 10% by his faulty balance i.e. he actually weight 10% more while purchasing from wholesaler and weights 10% less while selling to his customer. What is his net profit percentage, when he sells at CP?


Question: A trader procures his goods from a wholesaler, whose balance reads 1200 g for 1000 g. The trader sells all the procured goods to a customer after marking up the goods at 20% above the cost price. What is his overall percentage profit or loss in the whole transaction?

Answer:no profit no loss

Question: A person wants to reduce the trade tax so he calculates his profit on the sale price instead of on the cost price. In this way by selling a article for Rs. 280 he calculates his profit as 14 2/7% What is his actual profit percentage?


Question: A vendor sells his articles at a certain profit percentage. If he sells his articles at 1/3 of his actual selling price. Then he incurs a loss of 40%. What is his actual profit percentage?


Question: A retailer increases the selling price by 25% due to which his profit percentage increases from 20% to 25%. What is the percentage increase in cost price?


Question: Abhinav save Rs. 25 by getting 6.66% discount on a textbook. What is the amount of money (in Rs.) paid by him?


Question: At kul-kul petrol pump the operator gives 5% less petrol but he sells it at the cost price. What is his profit in this way?


Question: Due to reduction of 25% in price of oranges a customer can purchase 4 oranges more for Rs. 16. What is original price of an orange?

Answer:Rs 1.33

Question: A reduction of 20% in the price of sugar enables a housewife to purchase 6 kg more for Rs. 240. What is the original price per kg of sugar?

Answer:Rs. 10 per kg

Question: A wholesaler sells toys at a profit of 20% to a retailer and retailer sells these toys to its customer at a profit of 25%. What is the profit percentage of the retailer?


Question: An automobile agency launched a scheme that if a customer purchases two Jabaaj Discover bikes, one extra Jabaaj Discover will be free and if he purchases 3 Jabaaj Pulser he will get one extra Jabaaj Pulsar free. If the cost price of 3 Jabaaj Discover and 4 Jabaaj Pulser be Rs. 67500 and Rs. 232500 respectively. If a customer purchases 2 bikes of Jabaaj Discover and 3 bikes of Jabaaj Pulsar as per scheme he availed 1 bike free of each category, then at what price these bikes should sold so that the agency can get overall profit of 17.5%:


Question: Rahul went to purchase a Nokia mobile hadset, the shopkeeper told him to pay 20% tax if he asked the bill. Rahul manager to get the discount of 5% on the actual saleprice of the mobile and he paid the shopkeeper RS. 3325 without tax. Besides he manages to avoid to pay 20% tax on the already discounted price, what is the amount of discount that he has gotten?


Question: When a bicyle manufacturer reduced its selling price by 50%, the number of bicycles sold radically increased by 600% initially the manufacturer was getting only 140% profit. What is the percentage increases of his profit?


Question: A trader marks his good that he can make 32% profit after giving 12% discount. However a customer availed 20% discount instead of 12%, What is the new profit percentage of trader?


Question: A retailer bought 3850 Linc pens and 1848 Cello pens at the same price. He sells Linc pens in such a way that he can buy 650 Linc pens with the sale price of 481 Linc pens. Again he can buy only 408 Cello pens with the sale price of 629 pens. What is the overall percentage of profit of the retailer?

Answer:none of these

Question: The ratio of selling price of 3 article A,B and C is 8:9 :5 and the ratio of percentage profit is 8:7:14 respectively. If the profit percentage of A is 14.28% and the cost price of B is Rs. 400, what is the overall percentage gain?

Answer:none of these

Question: In an office the number of employees reduces in the ratio of 3:2 and the wages increases in the ratio of 20:27. What is the profit percentage of employees over the precious wages?


Question: I asked the shopkeeper the price of a wristwatch. I found that I had just the required sum of money. When the shopkeeper allowed me a discount of 25%, I could bought another watch worth Rs. 940 for my younger sister. What is the price which I have paid for my own watch?

Answer:Rs. 2820

Question: A and B are two partners and they have invested Rs. 54,000 and Rs. 90,000 in a business. After one year A received Rs. 1800 as his certain commission on total profit since he is a working partner and rest profit is received by B. What is the commission of A as A percentage of the total profit?