Profit and Loss Formulas for Competitive Exams
Profit Loss Formulas with Profit and Loss Questions
Here we are providing Profit and Loss important questions and answers based on the above formulas for your convenience and good practice will help you to improve your score by covering the maths topic. Students who understand mathematics as a very difficult subject, start their practice-
Q : Rekha bought a scooter for Rs 20,000 and sold it for Rs 22,000. What is the profit percentage?
(A) 15 %
(B) 12 %
(C) 20 %
(D) 10 %
Correct Answer : D
A shopkeeper gains 20 percent by giving a discount of 10 percent of the marked price of a toy. If he had given a discount of 20 percent, then what would be his profit percentage?
(A) $$ {6\ {2\over 3}}$$
(B) $$ {8\ {1\over 3}}$$
(C) 10
(D) 15
Correct Answer : A
A and B invested 1/2 and 1/3 of the total capital respectively, the remaining part C invested. If there is a profit of Rs. 9696 at the end of the year, then what is the profit of B?
(A) 4848
(B) 3232
(C) 1616
(D) 2424
Correct Answer : B
When a shopkeeper sells an item for Rs 230, he loses 20 percent. If he sells the item for Rs. 339.5, what percentage of profit will he make?
(A) 18
(B) 12
(C) 20
(D) 15
Correct Answer : A
If the selling price of a product is multiplied by 2, the resulting profit is 6 times the original profit. What is the original profit percentage?
(A) 25
(B) 10
(C) 20
(D) 15
Correct Answer : A
The price of 6 pencils is Rs. 30 and that of 12 pens is Rs. 120. What is the average price of 50 pencils and 50 pens?
(A) Rs. 6.75
(B) Rs. 7.5
(C) Rs. 5
(D) Rs. 5.75
Correct Answer : B
Rahul purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
(A) 3.5
(B) 4.5
(C) 6.5
(D) 5.6
Correct Answer : D
When a mobile is sold at 6 percent profit, it gets Rs. 870 more than it is sold at 6 percent loss. So what is the purchase price of mobile?
(A) 7250
(B) 7266
(C) 7217
(D) 7243
Correct Answer : A
If an item is sold for Rs. 270, there is a loss of 10 percent on it , then what will be the cost price of that item?
(A) Rs. 300
(B) Rs. 330
(C) Rs. 240
(D) Rs. 324
Correct Answer : A
If the profit on selling an article for Rs. 425 is the same as the loss on selling it for Rs. 355, then the cost price of the article is
(A) Rs. 390
(B) Rs. 380
(C) Rs. 400
(D) Rs. 440
Correct Answer : A
Explanation :
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Vikram Singh
Providing knowledgable questions of Reasoning and Aptitude for the competitive exams.
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