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Profit and Loss Questions and Answers for SSC and Bank Exams

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Profit and Loss Questions and Answers


Q.11 A man sell two horses at the same amount. On one he gains 5% and on the other he loses 5%. His gain or loss percent in the whole transaction is….

(A) 0.25% loss

(B) 0.25% gain

(C) 2.5% loss

(D) 2.5% gain

Ans .  A


Q.12 There would be 10% loss if a toy is sold at Rs. 10.80 per piece. At what price should it be sold to earn a profit of 20%?

(A) Rs. 12

(B) Rs. 12.96

(C) Rs. 14.40

(D) None of these

Ans .  C


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Q.13 If by selling 110 mangoes, the C.P. of 120 mangoes is realized, the gain percent is….

(A) 11 1/9 %

(B) 9%

(C) 11%

(D) 9 1/11 %

Ans .  D


Q.14 A reduction of 25% in the price of eggs will enable one to buy 4 dozen more eggs for Rs. 96. What is the price per dozen?

(A) Rs. 6

(B) Rs. 8

(C) Rs. 9

(D) Rs. None of these

Ans .  B


Q.15 An article when sold at a gain of 5% yields Rs. 15 more than when sold at a loss of 5%. What is the C.P.?

(A) Rs. 64

(B) Rs. 80

(C) Rs. 150

(D) None of these

Ans .  C


Q.16 The C.P. of an article is 40% of the S.P. The percent that the S.P. is of C.P. is….

(A) 250%

(B) 240%

(C) 60%

(D) 40%

Ans .  A


Q.17 An article is sold at a certain price. By selling it at 2/3 of that price one loses 10%. The gain percent at original price is….

(A) 20%

(B) 33 1/3 %

(C) 35%

(D) 40%

Ans .  C


Q.18 A person sold his watch for Rs. 75 and got a percent profit equal to the C.P. Find the C.P.

(A) Rs. 25

(B) Rs. 50

(C) Rs. 100

(D) None of these

Ans .  B


Q.19 A seller marks his goods at 25% above their CP and allows a discount of 10%. His profit percent is….

(A) 10%

(B) 12.5%

(C) 20%

(D) None of these

Ans .  B


Q.20 If an article is sold at 5% gain instead of 5% loss. The seller gets Rs. 6.72 more. The C.P. of the article is….

(A) Rs. 67.20

(B) Rs. 60

(C) Rs. 50

(D) None of these

Ans .  A

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