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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: On a Rs. 10, 000 payment order, a person has choice between 3 successive discounts of 10%,10% and 30% and 3 successive discounts of 40%, 5% and 5%. By choosing the better one he can
save (in Rupees):


Question: A merchant has 1000 kg of sugar, part of which he sells at 8% profit and the rest at 18% profit. He gains 14% on the whole. The quantity (in kg.) sold at 18% profit is:


Question: A television set when sold for Rs.13600 incurred a loss of 15%. At what price it should have been sold to make a profit of 20% on the cost price ?


Question: A sells his goods 10% cheaper than B and 10% dearer than C.A. consumer of B saves by taking Rs.180 wort of goods from C.


Question: A merchant advertise 10% off on the items bought from his store. The total discount got by a customer who bought a cooker worth Rs.650 a heater worth Rs/500 and a bag worth Rs.65 is:


Question: By selling an article for Rs/450/- a man loses 10%. The gain or loss per cent if he sells it for Rs.540 is :

Answer:gain 8%

Question: The list price of a shirt is Rs.440 and a customer pays Rs.396 for it. The discount rate is :


Question: A plate was sold for Rs.6300 after giving two successive discount of 12 1/2% and 10%. Find the marked price.


Question: To attract more visitors, zoo authority announces 20% discount on every ticket. which costs 25 paise. For this reason, sale of ticket increases by 28%. Find the percentage of increase in the number of visitors.


Question: Nisha bought a number of oranges at 2 for a rupee and an equal number at 3 for a rupee. To make a profit of 20% she should sell a dozen for:

Answer:Rs. 6

Question: A fruit-seller buys some oranges and by selling 40% of them he realises the cost price of all the oranges. As the oranges being to grow over ripe, he reduces the price and sells 80% of the remaining oranges at half the previous rate of profit. The rest of the oranges being rotten are thrown away. The overall percentage of profit is:

Question: A shopkeeper listed the price of goods at 30% above the cost price. He sells half the stock at this price, 1/4 of the stock at a discount of 15% and the remaining at 30% discount. His overall profit is :

Answer:15 3/8%

Question: A cloth merchant has announced 25% rebate on marked price. If one needs to have a rebate of Rs.40, then how many shirts, each with a marked price of Rs.32, should he purchase ?


Question: One dozen pairs of socks quoted at Rs.160 are available at a discount of 10%. Find how many pairs of socks can be bought for Rs.60.

Answer:5 pairs

Question: A machine is marked at Rs.7500 for sale. The shopkeeper allows successive discounts of 8%, 5% and 2% on it. The net selling price (in Rs.) is :


Question: A man purchased a car for Rs.135000 and spent Rs.25000 on repairs. At what price was the car sold if he suffered 10% loss on it ?


Question: A dishonest trader claims that his selling price is equal to his cost price but weighs 900 g. instead of 1 kg. then his profit per cent is :

Answer:11 1/9

Question: A shopkeeper bought a table marked at Rs200 at successive discounts of 10% and 15% respectively. He spent rs.7 on transport and sold the table for Rs.208. Find his profit per cent.


Question: A DVD is listed at Rs.300 with a discount of 20%. The additional discount to be offered to bring the net price to Rs.216 is.


Question: Jasmine allows 4% discount on the market price of her goods and still earns a profit of 20%. What is the cost price of a shirt if its marked price is Rs.850/-