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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.

Q1

Q1 If the cost price of a Laptop is $983 and the selling price of Laptop is $1000, find the profit/loss for seller.

A

(+17)

B

(+18)

C

(-17)

D

Data Insufficient

Q2

Q2 A mechanic buys an old car which is worth Rs.20000, and he spends Rs.5700 on repairing and damaging. If he sells that car for Rs.35000, find the profit/loss gain and its percent.

A

36.2

B

0.3618

C

0.362

D

36.1

Q3

Q3 A shopkepper sells toothpaste at Rs.200, and he gains profit of 2% on it. Find the ratio of profit by profit gain.

A

2:4

B

2:1

C

3.92:2

D

2:3.92

Q4

Q4 In a fish market, a man buys fish which is worth Rs.58000 from fisherman, but fisherman faces a loss of Rs.2500, and that person sells that fishes in supermarket for Rs.65000. What is the loss percentage of fisherman

A

0.41

B

4.13

C

0.4

D

0.415

Q5

Q5 In a fish market, a man buys fish which is worth Rs.58000 from fisherman, but fisherman faces a loss of Rs.2500, and that person sells that fishes in supermarket for Rs.65000. What is profit earned by the man.

A

6000

B

7000

C

8000

D

9000

Q6

Q6 In a fish market, a man buys fish which is worth Rs.58000 from fisherman, but fisherman faces a loss of Rs.2500, and that person sells that fishes in supermarket for Rs.65000. Find the ratio of product of profit of man and loss% of fisherman is to loss of fisherman and profit% of man.

A

30175:28910

B

1:1.04

C

30175:1

D

1.04:28910

Q7

Q7 A broker sells two properties for Rs.1Cr. On one he gains 25% and on the other he loses 25 %. What is his loss or gain percent?

A

10%

B

1024%

C

10.24%

D

102.4%

Q8

Q8 If selling price is doubled, the profit triples. Find the profit percent.

A

100

B

200

C

300

D

400

Q9

Q9 The cost price of 34 pens is same as selling price of x pens. If the loss is 25%, then what is the value of x ?

A

45.34

B

45.10

C

46

D

45

Q10

Q10 If a retailer marks up his price by 17 % and then allows a 17 % discount, what is his percentage profit or loss?

A

3%

B

0.3%

C

0.03%

D

2.89%

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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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