Profit and Loss Questions and Answers for SSC and Bank Exams

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

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

To know more about Time and Distance:  Problems on time and distance

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 %

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

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

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%

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%

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

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

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

Selective important question of Profit and Loss for SSC exam and all other competitive exams.