Profit and Loss Questions and Answers for Competitive Exams
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 :
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 :
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 :
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 :
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 :
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 :
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 :
By selling 33 metres of cloth a person gain the cost price of 11 metres. find the gain%
(A) $$33{1\over3}\%$$
(B) $$33{1\over2}\%$$
(C) 33%
(D) $$34{1\over3}\%$$
Correct Answer : A
Explanation :
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 :
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 :