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Profit and Loss Questions and Answers for Competitive Exams

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Q :  

A merchant buys an article for ₹ 27 and sells it at a profit of 10% of the selling price. The selling price of the article is: 

(A) ₹ 37

(B) ₹ 32

(C) ₹ 29.70

(D) ₹ 30

Correct Answer : D
Explanation :


Q :  

Krishnan bought a camera and paid 20% less than its original price. He sold it at 40% profit on the price he had paid. The percentage of profit earned by Krishnan on the original price was

(A) 12%

(B) 15%

(C) 22%

(D) 32%

Correct Answer : A
Explanation :


Q :  

A man purchased a bedsheet for₹ 450 and sold it at a gain of 10% calculated on the selling price. The selling price of the bedsheet was 

(A) ₹ 480

(B) ₹500

(C) ₹ 460

(D) ₹ 475

Correct Answer : B
Explanation :


Q :  

A salesman expects a gain of 13% on his cost price. If in a month his sale was ₹ 7,91,000, what was his profit ? 

(A) ₹ 91,000

(B) ₹ 97,786

(C) ₹ 85,659

(D) ₹ 88,300

Correct Answer : A
Explanation :


Q :  

By selling a car for ₹ 64,000, Mr. Rao lost 20%. Then the cost price of the car is :

(A) ₹ 80,000

(B) ₹ 84,000

(C) ₹ 72,000

(D) ₹ 76,800

Correct Answer : A
Explanation :


Q :  

An item when sold for ₹ 1,690 earned 30% profit on the cost price. Then the cost price is 

(A) ₹ 1,300

(B) ₹ 130

(C) ₹ 507

(D) ₹ 630

Correct Answer : A
Explanation :


Q :  

A fan is listed at ₹ 150 and a discount of 20% is given. Then the selling price is

(A) ₹ 120

(B) ₹ 110

(C) ₹ 180

(D) ₹ 150

Correct Answer : A
Explanation :


Q :  

By selling 33 metres of cloth a person gain the cost price of 11 metres. find the gain%

(A)

(B)

(C) 33%

(D)

Correct Answer : A
Explanation :


Q :  

A merchant purchases a wrist watch for ₹ 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is

(A) ₹ 550

(B) ₹ 600

(C) ₹ 650

(D) ₹ 700

Correct Answer : B
Explanation :


Q :  

The cost price of a radio is₹  600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be

(A) ₹ 704.50

(B) ₹ 724.50

(C) ₹ 664.50

(D) ₹ 684.50

Correct Answer : B
Explanation :


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