Profit and Loss Questions and Answers for SSC and Bank Exams

Profit and Loss Questions and Answers

Q.21 A single discount equivalent to a discount series of 30%, 20% and 10% is……

(A) 50%

(B) 49.6%

(C) 49.4%

(D) 50.4%

Q.22 A bag marked at Rs. 80 is sold for Rs. 68. The rate of discount is…….

(A) 20%

(B) 17 11/17 %

(C) 15%

(D) 12%

To know more about Ratio and Proportion: ratio-and-proportion-objective-type-question-for-competitive-exam

Q.23 A man purchased sugar worth Rs. 400. He sold 3/4th at a loss of 10% and the remainder at a gain of 10%. On the whole, he gets…..

(A) 5% loss

(B) 5% gain

(C) 5 1/19 % loss

(D) 5 1/17 % gain

Q.24 A man gains 10% by selling a certain article for a certain price. If he sells it at double the price, the profit% made is….

(A) 20%

(B) 120%

(C) 100%

(D) 200%

Q.25 A grain dealer cheats to the extent of 10% while buying as well as selling, by using false weights. His total gain% is….

(A) 10%

(B) 20 %

(C) 22 2/9%

(D) 21%

Q.26 By selling a dozen pencils for Rs 15, the fruit seller loses a 1/16 of what he bought them for. For how much he sells each pencil for to make a profit of 50%?

(A) Rs. 2

(B) Rs. 1 2/3

(C) Rs. 24

(D) Rs. 2.4

Q.27 By using false weight a gain 5 5/19 % by claiming to sell at cost price. What weight did he actually use for a kg weight?

(A) 950 gm

(B) 900 gm

(C) 940 gm

(D) None of these

Q.28 The cost of a horse and a cow is in the ratio 3: 5. A trader gains 15% on the horse and loses 10% on the cow by selling them His overall gain  or loss.

(A) gain 2.5%

(B) loss 2.5%

(C) gain 3/8%

(D) loss 3/8%

Q.29 In what ratio a grocer can mix tea leaves of Rs. 10 per kg and Rs. 15 per kg to make a mixture of Rs. 12 per kg?

(A) 3: 2

(B) 2: 3

(C) 3: 4

(D) 4: 3

Q.30 How many kg of tea worth Rs. 3.60 per kg should be mixed with 8 kg of tea worth Rs. 20 per kg to get a profit of 10% by selling profit at Rs. 4.40 per kg?

(A) 2 kg

(B) 3 kg

(C) 4 kg

(D) 5 kg