Profit and Loss Questions

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Profit and Loss

Six Mangoes are brought at 3 for Rs. 2 & sold at 2 for Rs. 3. Find cost price of 6 Mangoes & selling price of 6 Mangoes? /

  1. Rs. 5,10
  2. Rs. 5,10
  3. Rs. 3,8
  4. Rs. 2,7

Answer 5,10

A sold a table to B at profit of 15%.Later on B sold it back to A at a profit of 2% There by gaining Rs. 69 How much did A pay for it originally?

  1. Rs. 400
  2. Rs. 200
  3. Rs. 100
  4. Rs. 300

Correct Answer :Rs. 300

If the cost price of 30 articles is equal to the selling price of 20 articles. Find the Profit percentage?

60%
70%
80%
50%
Correct Answer :50%

A Fruit seller buys 200 apples for Rs. 80 & sells it for Rs. 100. What is his profit Percent?

  1. 30%
  2. 35%
  3. 25%
  4. None of these

Correct Answer: 25 %

When a commodity is sold for Rs. 34, there is a loss of 15%. What is the cost price of the commodity?

  1. 50
  2. 40
  3. 60
  4. 70

Correct Answer :40

A shopkeeper marks his items 40% above the cost price and gives a discount of 20% on the marked price. His gain percentage is:

  1. 20%
  2. 14%
  3. 15%
  4. 12%
    Correct Answer: 12%

An Iron box was brought for Rs. 770.75 and was sold for a profit of Rs. 50.25. Find selling price of Iron box?

  1. Rs. 721
  2. Rs. 521
  3. Rs. 821
  4. Rs. 621

Correct Answer: Rs. 821

A person purchased a bike for Rs. 50,440 including sales tax. If the rate of the sales tax is 4%, find the original cost of the bike.

  1. Rs. 48,500
  2. Rs. 49,500
  3. Rs. 48,000
  4. Rs. 49,000

Correct Answer: 49,500

A briefcase was sold at a profit of 10%. If its cost price was 5% less and it had been sold for Rs. 7 more than the profit, it would have been 20%. Find the cost of briefcase.

  1. Rs. 170
  2. Rs. 169
  3. Rs. 175
  4. Rs. 174
    Correct Answer :- Rs 175

When a book is sold for Rs. 24, the seller loses 20% of its cost. What would be his profit or loss, if he sells it for Rs. 27?

  1. A loss Rs. 3
  2. A loss Rs. 1
  3. A profit Rs. 4
  4. A profit Rs. 6

Correct Answer: A loss Rs. 3

The selling price of 4 articles is the same as the cost price of 5 articles. Find the loss or profit percentage?

  1. 30 %
  2. 25 %
  3. 10 %
  4. 40 %

Correct Answer :-25 %

A person sells a radio of price Rs. 1000 at 20% discount to another person. The second person increases its price by Rs. 400 and sells it at a discount of 25%. What is the profit percentage made by the second person?

  1. 12.5%
  2. 5%
  3. 12%
  4. 10%

Correct Answer :- 12.5%

A grain merchant sold 600 quintals of rice at a profit of 7 %. If a quintal of rice costs him Rs. 1600, find his total profit and his selling price respectively.

  1. Rs. 77,200, and Rs. 9,27,200
  2. Rs. 57,200, and Rs. 8,27,200
  3. Rs. 62,200, and Rs. 7,27,200
  4. Rs. 67,200, and Rs. 10,27,200

Correct Answer :- Rs. 67,200, and Rs. 10,27,200

A trader marks his goods at 40 % above the cost price but allows a discount of 25 %. What is his gain percent?

  1. 6 %
  2. 7 %
  3. 5 %
  4. 8 %
    Correct Answer :- 5 %

Check also: Trigonometry | Definition, Formulas, Ratios, Table, & Identities

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