## Practice Questions Profit & Loss

# Quantitative Aptitude: Practice Questions on Profit & Loss for Competitive Exams(SSC, IBPS, SBI PO)

- An article was sold at Rs. 6000 at a loss of 40%. What will be the selling price of the article for a profit of 32%.?

(a) 12200

(b) 11200

(c) 13200

(d) 10200 - By selling 18 identical articles, a shopkeeper gains equal to S.P. of 6 articles. What is %loss or %profit ?

(a) 20

(b) 25

(c) 3313

(d) 50 - Three brands of tea costing Rs. 350, Rs. 400 and Rs. 620 per kg are mixed in the ratio 2:3:5 by weight. If 2/5 of the mixture is sold at 500 per kg, 3/10 at 600 per kg and remaining at 800 per kg. Find the %profit on the whole.

(a) 23

(b) 22

(c) 21

(d) 24 - C.P. of 30 toffees is equal to the S.P. of 25 toffees. Find the %loss or %profit.

(a) 25

(b) 20

(c) 50

(d) 3313 - The cost price of two identical articles is Rs. 1500. One article is sold at a loss of 6%. At what %profit should the other articles be sold such that there is a profit of 4% on the whole ?

(a) 14

(b) 12

(c) 10

(d) 8 - A man sells an article at 7% above its cost. If he had bought it at 7%less than what he paid for it and sold it at Rs.69 more, he would have gained 20%. Find the cost price of the article.

(a) 1500

(b) 1400

(c) 1600

(d) 1450 - A single discount equivalent to three successive discounts of 10%,20% and 30%.

(a) 50.4%

(b) 49.6%

(c) 60%

(d) 50% - A man sold his washing machine at a loss of 5%. If he had sold it at Rs.320 more ,he would have made a profit of 3%. Find the C.P. of washing machine.

(a) 3200

(b) 5000

(c) 4000

(d) 3000 - Ramesh buys some identical books for Rs.60000. He sold 2/3 of all books at a loss of 7%. At what %profit should he sold the remaining books so that he would make 9% on the whole transaction ?

(a) 40

(b) 43

(c) 42

(d) 41 - Three articles are sold for Rs.1500,Rs.2400 and Rs. 1200 respectively. The first article is sold at 20% profit and the second at 20% loss. If on the whole a loss of 2% is made. Find the cost price of the 3rd article.

(a) 750

(b) 850

(c) 800

(d) 700 - A man bought 50 pens for Rs.500. He wanted to sell them at a profit so that he got 5 pens free. At what profit percent should he sell them ?

(a) 12

(b) 11.1

(c) 10

(d) 10.5 - A shopkeeper sells a refrigerator on a discount of 12% of print price and gains 10%. If print price was Rs. 12000 then, what was the cost price ?

(a) 11200

(b) 10000

(c) 8800

(d) 9600 - A retailer buys a T.V. for Rs. 15000. His overhead charges are Rs. 1000. He sell the T.V. for 18400. The profit percent of the retailer is?

(a) 12%

(b) 15%

(c) 10%

20% - The reduction of Rs. 210 in the selling price of an article will change 5% profit to 2% loss. The cost price of the article is

(a) 3000

(b) 2100

(c) 2700

(d) 2500 - A man buys 2 scooters of Rs. 20000 and 25000 respectively. He sell one scooter at a loss of 10%. At what %profit should he sell the other scooter such that there is neither profit nor loss on the whole transaction ?

(a) 10%

(b) 8%

(c) 6%

(d) 5% - A shopkeeper offers a discount of 12% on marked price and sells the article of Rs. 4400. What is the marked price of the article ?

(a) 4000

(b) 4500

(c) 5000

(d) 4800 - Calculate the single discounts equivalent to two successive discounts of 40% and 20%.

(a) 52

(b) 48

(c) 60

(d) 50 - A man buys 100 pens for Rs. 5 each. But 5 pens are found to be damaged. At what price per pen should he sell the remaining pen so that he can make a profit of 6.4%?

(a) 5.3

(b) 6.1

(c) 5.8

(d) 5.6 - A man buys 15 toffees for Rs. 14 and sells 14 toffees for Rs.15. Find his %profit or %loss.

(a) 14.8

(b) 14

(c) 15

(d) 15.2 - A shopkeeper buys sugar for Rs.2400. He had to sell three-fourth at 10%profit. At what percent gain he should sell the remaining sugar so as to make an overall profit of 8% ?

(a) 4%

(b) 3%

(c) 2%

(d) 1% - A man sells an article at a profit of 20%.if he had bought it at 5% more and sold it for Rs. 30 less, his profit would have been zero. Find the cost price of the article.

(a) 100

(b) 200

(c) 300

(d) 400 - A retailer marks his goods 20% more than the cost price . if he allows a discount of 10%, then his gain percent is .

(a) 10%

(b) 8%

(c) 9%

(d) 11% - A trader fixed the marked price of an article 20% above its cost and allows a discount of 10% and makes a profit of Rs. 80. The cost of the article is

(a) 1000

(b) 600

(c) 700

(d) 800 - The marked price of an article is 20 more than the cost price. After a discount of 10% we got a profit of 12.5%. Find the cost price of the article.

(a) 40

(b) 60

(c) 100

(d) 80 - A man bought 85 kg mangoes for Rs. 30 per kg, but 8 kg mangoes are found to be rotten.at what price per kg should he sell the remaining mangoes to make a profit of 11%

(a) 34/kg

(b) 37/kg

(c) 35/kg

(d) 36/kg - A man bought 24 eggs of Rs. 5 each. 8 eggs were broken and he sold the remaining eggs at 3313 % profit. Find the loss (in Rs.) due to the broken eggs if all the eggs were sold at the same rate

(a) 80

(b) 60

(c) 40

(d) 50 - A sells an article to B at a loss of 10%,B sells it to C at a profit of 10%, and C sells it to D at a loss of 20%. If D had to pay Rs. 316.8 for it, how much did A pay for it ?

(a) 300

(b) 350

(c) 400

(d) 450 - Mohan buys an article for Rs. 400 and sells it at 15% profit. Find the selling price of the article.

(a) 450

(b) 460

(c) 430

(d) 550 - A man buys 16 toffees for Rs. 15 and sells 4 toffees in Rs. 5. Find his percentage profit.

(a) 3313%

(b) 25%

(c) 20%

(d) 50% - A retailer fixed the marked price of his good as Rs. 1000 and allowed two successive discounts 20% and 10%. After selling his good he made a profit of 20%. Find the cost price of his good.

(a) 650

(b) 700

(c) 500

(d) 600 - A shopkeeper increases the price of television sets by 20%. Due to this increase in price the number of television sets sold decreased by 10%. What was the effect on the sales of television sets ?

(a) 6% increase in sales

(b) 6% decrease in sales

(c) 8% increase in sales

(d) 8% decrease in sales - A man sells two articles, each for the same price Rs. 2500. He incurs a loss of 50% on the first and a profit of 25% on the second. Find his overall percent gain or loss.

(a) 2647

(b) 26

(c) 28

(d) 2847 - The cost price of 250 pens is equal to the S.P. of 125 pens. Find the percentage profit

(a) 50%

(b) 100%

(c) 25%

(d) 20% - A man sells an article at a loss of 5%. If he had bought it at Rs. 20 more and sold it for Rs. 115 less, he would have increased a loss of 40%. Find the cost price of the article.

(a) 1150

(b) 500

(c) 400

(d) 1000 - A wholesaler gives 50 books to a retailer for the payment of 45 books at the printed price. The retailer sells the books at the printed price. What percent profit does the retailer make ?

(a) 9%

(b) 11%

(c) 1119%

(d) 10%

**Answer Key:-**

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