Get Started

Profit and Loss Questions for Competitive Exams

5 years ago 22.5K Views
Q :  

A house and a shop were sold for Rs. 1 lakh each, In this transaction, the house sale resulted into 20 % loss whereas the shop sale into 20 % profit. The entire transaction resulted in:

(A) no loss no gain

(B) gain of Rs.

(C) loss of Rs. lakh

(D) loss of lakh

Correct Answer : C

Q :  

Cost of 24 bats and 32 sticks is Rs 5600. What is the price of 3 bats and 4 sticks?

(A) Rs 1400

(B) Rs 2800

(C) Rs 700

(D) Data Inadequate

(E) None of these

Correct Answer : C

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 :  

A trader bought 10 kg of apples for Rs. 405 out of which 1 kg of apples were found to be rotten. If he wishes to make a profit of 10 % at what rate should he sell the remaining apples per kg? 

(A) 49.5

(B) 48

(C) 46

(D) 47

Correct Answer : A

Q :  

A trader had 2000 kgs of rice. He sold a part of it at 10 % profit and the rest at 16 % profit so that he made a total profit of 14.2%. How much rice (in kg) did he sell at 10 % profit? 

(A) 1400

(B) 600

(C) 800

(D) 1000

Correct Answer : B

Q :  

An oil refinery buys oil at Rs 3600 per barrel. There is 10 % wastage. If the refinery wants to earn 5% profit then at what price should it sell including 8 % tax on selling price? (in Rs per barrel) 

(A) 3674

(B) 3711

(C) 4219

(D) 4536

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 :  

By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%? 

(A) Rs . 910

(B) Rs . 1200

(C) Rs . 1232

(D) Rs . 1300

Correct Answer : D

Q :  

If an article is sold at 200 % profit then the ratio of its cost price to its selling price will be 

(A) 1 : 2

(B) 2 : 1

(C) 1 : 3

(D) 3 : 1

Correct Answer : C

Related categories

Very important related articles. Read now

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today