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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.

Q11

Q11 If a shopkeeper sold an iron for Rs.890 more, Zack would have made 7% profit on his sale instead of a 10% loss. What was his cost price?

A

5200

B

5235

C

5000

D

Data insufficient

Q12

Q12 In a shop, the loss is 5% of the cost. If the cost increases by 5% but the selling price remains constant, approximately what percentage of the selling price is the profit/loss?

A

0

B

10

C

100

D

None of these.

Q13

Q13 If a person buys a cycle for Rs.2000, and he sells it at a loss of 17%. Then what is selling price of cycle.

A

1700

B

1660

C

340

D

1640

Q14

Q14 A person bought 4 toffees for a Rupee. How many for a rupee must he sell to gain 42%?

A

2

B

3

C

4

D

1

Q15

Q15 A person expect a profit of 25% on his cost price.If in a week, his sale was of Rs. 500, what was his profit?

A

100

B

200

C

300

D

400

Q16

Q16 A trademan marks 25% above the cost price and allows his clients 14% reduction on bills. What is gain/loss%.

A

2.5

B

7.5

C

25

D

75

Q17

Q17 The profit% of selling an item for Rs.2120 is equal to the loss% incurred by selling the same item for Rs. 1480. What is the price at which the item be sold to make a profit of 30%.

A

1800

B

2340

C

3600

D

Data inadequate

Q18

Q18 A lady purchased 15 dozens bananas at the rate of Rs.55/dozen. She sold each one of them at the rate of Rs. 7. What is profit%.

A

52.8

B

94

C

84.8

D

93.8

Q19

Q19 On selling 20 balls at Rs.980, there is a loss equal to the cp of 7 balls. What is the Cp of the ball?

A

25

B

100

C

50

D

75

Q20

Q20 When a plot is sold for Rs. 105000, the owner loses 30%. At what price must that plot be sold in order to gain 20%?

A

Rs.120000

B

Rs.108000

C

Rs.180000

D

Rs.102000

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