Profit Loss Questions with Answers for competitive exams

Profit-Loss Questions and Answers

Q.11. A manufacture offers a 20% rebate on the marked price of a product. The retailer offers another 30% rebate on the reduced price. The two reductions are equivalent to a single reduction of :

(A) 40%

(B) 44%

(C) 46%

(D) 50%

Q.12. A trader marks up his good by 80% and gives discount of 25%. Beside it he weights 10% less amount, while selling his goods. What is the net profit of trader?

(A) 50%

(B) 35%

(C) 45%

(D) 55%

Q.13. Successive discount of 10%, 12%, and 15% amount to a single discount of :

(A) 32.68%

(B) 35.28%

(C) 36.68%

(D) None of these

Q.14. A trader sells two articles, one at a loss of 10% and another at a profit of 15% but finally there is no loss or gain. If the total sale price of these two articles is Rs. 30000, find the difference between their cost price.

(A) Rs. 240

(B) Rs. 420

(C) Rs. 640

(D) None of these 

Q.15. List price of an article at a showroom is Rs. 2000 and it is being sold at successive 

(A) Rs. 1400

(B) Rs. 1440

(C) Rs. 1520

(D) Rs. 1700

Q.16. Abhishek and Bhanu both are dealers of KML scooters. The price of a KML scooters is Rs. 28000. Abhishek gives a discount of 10% on whole, while Bhanu gives a discount of 12% on the first Rs. 20000 and  8% on the rest Rs. 8000. What is the difference between their selling price?

(A) Rs. 240

(B) Rs. 420

(C) Rs. 640

(D) None of these

Q.17. Find the selling price of an article if a shopkeeper allows two successive discounts of 5% each on the marked price of Rs. 80

(A) Rs. 70.10

(B) Rs. 70.20

(C) Rs. 72

(D) Rs. 72.20

Q.18. ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. What is the loss incurred by ITC?

(A) 1%

(B) 2%

(C) 4%

(D) 0%

Q.19. The price of VCR is marked at Rs. 12,000. If successive discounts of 15%, 10% and 5% be allowed, then at what price does a customer buy it?

(A) Rs. 8400

(B) Rs. 8721

(C) Rs. 8856

(D) None of these

Q.20. A dealer buys a washing machine, listed at Rs. 10000 and gets 10% and 20% successive discounts. He spends 10% of his CP on transport. At what price (in rupees) should he sell the washing to earn a profit of 10%?

(A) 8722

(B) 7892

(C) 8712

(D) 8840

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