Profit and Loss Questions and Answers for SSC and Bank Exams

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Profit and loss questions

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Profit and Loss questions and answers

Q.1 If by selling an article for Rs. 100 a man gains Rs. 15, then his gain percent is….

(A) 15%

(B) 12 2/3 %

(C) 17 11/17 %

(D) 17 ¼ %

Ans .  C

Q.2 When A commodity is sold for Rs. 34.80, there is a loss of 25%. What is the cost price of the commodity?

(A) Rs. 46.40

(B) Rs. 26.10

(C) Rs. 43

(D) Rs. 43.20

Ans .  A

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Q.3 If the S.P. of an article for is 4/3 times its C.P.  the profit percent is…….

(A) 33 1/3%

(B) 25 1/4 %

(C) 20 ½ %

(D) 20 ¾ %

Ans .  A

Q.4 By selling an article for Rs. 19.50, a dealer makes a profit of 30%. By how much should he increase his S.P. so as to make a profit of 40%?

(A) Rs. 1.50

(B) Rs. 1.75

(C) Rs. 2

(D) Rs. 3

Ans .  A

Q.5 The C.P. of 20 articles is the same as S.P. of 15 articles. The profit percent is….

(A) 25%

(B) 30%

(C) 33 1/3 %

(C) 50%

Ans .  C

Q.6 A fruit seller purchases oranges at the rate of 3 for Rs. 5 and sells them at 2 for Rs. 4. His profit is…….

(A) 10%

(B) 11%

(C) 20%

(D) 25%

Ans .  C

Q.7 A dealer professing to sell his goods at C.P., uses a 900-gm weight for a kg. His gain percent is……

(A) 9%

(B) 10%

(C) 11%

(D) 11 1/9 %

Ans .  D

Q.8 A man buys eggs at 2 for Rs. 1 and an equal number at 3 for Rs. 2 and sells the whole at 5 for Rs. 3. His gain or loss percent is…….

(A) 2 2/7 %

(B) 3 6/7 %

(C) 3 2/7 %

(D) 2 6/7 %

Ans .  D

Q.9 A sells a bicycle to B at a profit of 20% and B sells it to C at a profit of 25%. If C pays Rs. 1500, what did A pay for it?

(A) Rs. 825

(B) Rs. 1000

(C) Rs.110

(D) Rs. 1125

Ans .  B

Q.10 Two mixers and a TV costs Rs. 7000, while 2 TVs and a mixer cost Rs. 9800. The values of one TV is……

(A) Rs. 2800

(B) Rs. 2100

(C) Rs. 4200

(D) Rs. 8400

Ans .  C

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