Profit and Loss Aptitude Questions for Competitive Exams
Mohan bought 25 books for Rs. 2,000 and sold them at a profit equal to the selling price of 5 books. The selling price of 1 book is:
(A) Rs . 120
(B) Rs . 150
(C) Rs . 100
(D) Rs . 200
Correct Answer : C
A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth , the profit is
(A) 50%
(B) 11%
(C) 40%
(D) 22%
Correct Answer : A
A book seller sells a book at a profit of 10 %. If he had bought it at 4 % less and sold it for Rs. 6 more. he would have gained $$18{3\over4}\%$$. The cost price of the book is
(A) Rs . 150
(B) Rs . 160
(C) Rs. 130
(D) Rs. 140
Correct Answer : A
The cost price of two dozen bananas is Rs. 32 After selling 18 bananas at the rate Rs. 12 per dozen, the shopkeeper reduced to rate as Rs. 4 per dozen. The percent loss is
(A) 36.5%
(B) 37.5%
(C) 25.2%
(D) 32.4%
Correct Answer : B
Krishna 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 Krishna on the original price was
(A) 12
(B) 15
(C) 22
(D) 32
Correct Answer : A
The price of jewelry , passing through three hands. rises on the whole by 65 %. If the first and the second sellers earned 20 % and 25 % profit respectively, the profit earned by the third seller is
(A) 10%
(B) 5%
(C) 20%
(D) 15%
Correct Answer : A
If a manufacturer gains 10 percent, wholesaler 15 percent and retailer 25 percent, then the production cost of an article, whose retail price is Rs. 1,265, is
(A) Rs. 800
(B) Rs. 900
(C) Rs. 700
(D) Rs. 750
Correct Answer : A
A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is:
(A) $$1{1\over5}$$
(B) $$2{1\over5}$$
(C) $$2{1\over2}$$
(D) 2
Correct Answer : A
A merchant buys an article for Rs. 27 and sells it at a profit of 10 % of the selling price. The selling price of the article is:
(A) Rs. 37
(B) Rs.32
(C) Rs. 29.70
(D) Rs. 30
Correct Answer : D
Explanation :
A person bought some articles at the rate of 5 per rupee and the same number at the rate of 4 per rupee. He mixed both the types and sold at the rate of 9 for 2 rupees. In this business he suffered a loss of Rs. 3. The total number of articles bought by him was
(A) 540
(B) 545
(C) 1090
(D) 1080
Correct Answer : D