Profit and Loss Questions & Answers

Practice crucial Profit and Loss questions to improve understanding. Profit and Loss questions and answers carry a high weightage at the examination and should be prepared on a daily basis.

Concepts

Formulas

Practice Questions

Q1 David sold a bicycle at Rs 2100 and made a loss of 25%. At what price should he sell the bicycle if he wants to make a profit of 15%?

Rs 2500

Rs 2990

Rs 3220

Rs 3500

Q2 The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

Rs. 1800

Rs. 2000

Rs. 2250

Rs. 2500

Q3 A loss of 20% is made by selling an article. Had it been sold for Rs 240 more, there would have been a profit of 10%. What would be the selling price of the article if it is sold at 25% profit?

Rs 960

Rs 1000

Rs 1040

Rs 1080

Q4 Cost price of 12 articles is equal to the selling price of 8 articles. Find the profit / loss %?

20% loss

50% loss

33.33% profit

50% profit

Q5 By selling 33 m. cloth, a shopkeeper loses money equivalent to selling price of 11 m. Find his loss percentage.

20%

25%

33.33%

50%

Q6 If selling price is doubled then, the profit triples. What is profit per cent?

20%

75%

100%

50%

Q7 On selling 15 balls at Rs 400 there is loss equal to Cost Price of 5 balls. The cost price of a ball is?

Rs 30

Rs 35

Rs 40

Rs 45

Q8 A person buys 18 pens for 12 Rs and sells 12 pens for 18 rupees. Find his profit percentage.

150%

100%

125%

200%

Q9 A dishonest shopkeeper professes to sell pulses at the cost price, but he uses a false weight of 950gm. for a kg. His gain is____%.

11%

4 4/19%

5 5/19%

Q10

Q10 A dishonest shopkeeper professes to sell pulses at the 20% profit , also he uses a false weight of 800gm for a kg, His actual gain is____%.

25%

15%

20%

50%

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Practice Profit and Loss Questions & Answers

The more questions a candidate answers, the better their understanding of the Profit and Loss concepts and their ability to answer quickly and accurately.

Importance: High

Difficulty level: 3 out of 5 (Normal)

Examination- SSC, Banking, GMAT, GRE, SAT, CAT, etc.

Parent section: Quantitative Aptitude

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