Profit and Loss Questions and Answers

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Profit and Loss Questions and Answers
Q :  

Mohan purchased an article and sold it for Rs 2817.50 and earned 15% profit on the cost price. What was the cost price of the article?

(A) Rs 2500

(B) Rs 2450

(C) Rs 2550

(D) Rs 3315

(E) None of these


Correct Answer : B

Q :  

If a chair sold for Rs. 600 at the profit of 20%, then the original price of the chair is:

(A) Rs. 540

(B) Rs. 500

(C) Rs. 480

(D) Rs. 580


Correct Answer : B

Q :  

If a man estimates his loss as 20% of the selling price, then his loss percent is:

(A) 20%

(B) 25%

(C) 40/3%

(D) 50/3%


Correct Answer : D

Q :  

By selling a pen for Rs 105 there is a loss of 30%. At what price (in Rs) the pen must be sold in order to gain 30%?

(A) 215

(B) 165

(C) 195

(D) 200


Correct Answer : C

Q :  

A shopkeeper had 2000 kgs of rice. He sold a part of it at 11% profit and the rest at 17% profit, so that he made a total profit 15.2%. How much rice (in kgs) did he sell at 17% profit?

(A) 600

(B) 1400

(C) 700

(D) 1200


Correct Answer : B

Q :  

A loss of 19% gets converted into a profit of 17% when the selling price is increased by Rs. 162. The cost price of the article is 

(A) Rs. 450

(B) Rs. 600

(C) Rs. 360

(D) Rs. 540


Correct Answer : A

Q :  

Cost of 36 pens and 42 Pencils is Rs 460. What is the cost of 18 pens and 21 pencils?

(A) 230

(B) 203

(C) 302

(D) 320

(E) None of these


Correct Answer : A
Explanation :

(36 Pens + 42 Pencils)=460
2(18Pens + 21 Pencils) = 460
18 Pens +21 Pencils =230 Ans.


Q :  

Mohan, a shopkeeper, bought a shirt of list price ₹225 at a discount of 20%. If he wants a profit of 30% then he should sell the shirt for:

(A) ₹230

(B) ₹234

(C) ₹256

(D) ₹286


Correct Answer : B
Explanation :

Mohan CP =225*20/100=45
so that CP =225-45=180
Selling price when he wants 30% profit=180*130/100=234


Q :  

The cost price of an article is ₹390. If it is to be sold at a profit of 3.12 %, how much would be its approximate selling price?

(A) 410 ₹

(B) 402 ₹

(C) 417 ₹

(D) 420 ₹

(E) 442 ₹


Correct Answer : B

Q :  

17 articles were bought for ₹3910 and sold for ₹4590. How much was the approximate profit percentage per article?

(A) 17 %

(B) 12 %

(C) 9 %

(D) 21 %

(E) 25 %


Correct Answer : A

 

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    Rajesh Bhatia

    A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.

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