Profit and Loss Practice Questions Set1
Profit and Loss Practice Questions Set1
1. A man wanted to sell an article with 20% profit, but he actually sold at 20% loss for Rs 480. At what price (Rs) he wanted to sell it to earn the profit?
a) 720 b)
840 c) 600 d) 750
2. The cost
price of 36 books is is equal to the selling price of 30 books. The gain per
cent is:
a) 20% b)
50/3 % c) 18% d) 24%
3 A person
sells two machines at Rs 396 each. One one he gains 10% and on the other he
loses 10%. His profit or loss in the whole transaction is:
a) No gain
no loss b) 1% loss c) 1% profit d) 8% profit
4. A house
and a shop were sold for Rs 1 lakh each. In this transaction, the house sale
resulted into 20% loss whereas the shop sale into 20% profit. The entire
transaction resulted in
a) No loss
no gain b) gain of Rs 1/24 lakh c) Loss of Rs 1/12 lakh d) Loss of Rs 1/18 lakh
5. A sells a
bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays
Rs 225 / for it, the cost price of the bicycle for A is:
a) Rs 110/
b) Rs 125 / c) Rs 120 / d) Rs 150/
6. 12 copies
of a book were sold for Rs 1800/ thereby gaining costprice of 3 copies. The
cost price of a copy is:
a) Rs 120 b)
150 c) RS 1200 d) Rs 1500
7. If a man
estimates his loss as 20% of the selling price, then his loss per cent is:
a) 20% b)
25% c) 40/3% d) 50/3%
8. If I
would have purchased 11 articles for Rs 1o and sold all the articles at the
rate of 10 for Rs 11, the profit per cent would have been:
a) 10% b)
11% c) 21% d) 100%
9. An
article is sold at a loss of 10%. Had it been sold for Rs 9 more, there would
have been a gain of 25/2% on it. The cost price of the article is:
a) Rs40 b)
RS 45 c) Rs 50 d) RS 35
10. A man
buys a cycle for Rs 1400 and sells it at a loss of 15%. What is the selling
price of the cycle?
a) Rs 1202
b) Rs 1190 c) Rs 1160 d) RS 1000
11. The
ratio of cost price and selling price is 5: 4, the loss percent is:
a) 20% b0
25% c) 405 d) 50%
12.A person
buys some pencils at 5 for a rupee and sells them at 3 for a rupee. His gain
percent will be:
a) 200/3 b)
230/3 c) 170/3 d) 140/3
13. If
selling price of an article is 8/5 times its cost price, the profit per cent on
it is
a) 120% b)
160% c) 40% d) 60%
14. The
price of coal is increased by 20%. By what percent a family should decrease its
consumption so that expenditure remains same?
a) 40% b)
70/3% c) 20% d) 50/3%
15: 100
oranges are bought for Rs 350 and sold at the rate of Rs 48 per dozen. The
percentage of profit or loss is:
a) 15% loss
b) 15% gain c) 100/7% loss d) 100/7% profit
16. A
reduction of 20% in the price of salt enables a purchaser to obtain 4 kg more
for Rs 100. The reduced price of salt per kg is:
a) Rs 4 b)
Rs 5 c) Rs 6.25 d) Rs 6.50
17. A person
sells a table at a profit of 10%. If he had bought the table at 5% less cost
and sold for rs 80 more, he would have gained 20%. The cost price of the table
is
a) Rs 3200
b) Rs 2500 c) Rs 2000 d) Rs 200
18. A person
sells an article for Rs 75 and gains as much per cent as the cost price of the
article in rupees. The cost price of the article is:
a) Rs 37.50
b) Rs 40 c) Rs 50 d) RS 150
19. A man
had 100 kgs of sugar part of which he sold at 7% profit and rest at 17% profit.
He gained 10% on the whole. How much did he sell at 7% profit?
a) 65 kg b)
35 kg c) 30 kg d) 70 kg
20. A person
bought some articles at the rate of 5 per rupee and the same number at the rate
of 4 per rupee. He mixed both the types and sold at the rate of 9 for 2 rupees.
In this business, he suffered a loss of rs 3. The total number of articles
bought by him was:
a) 1090 b)
1080 c) 540 d) 545
21. A
shopkeep gains 20% while buying the goods and 30% while selling them. Find his
total gain percent.
a) 505 b)
36% c) 56% d) 40%
22. The
percentage of loss, when an article is sold at rs 50 is the as that of the
profit when it is sold at Rs 70. The abovementioned percentage of profit or
loss on the article is
a) 10% b)
50/3% c) 20% d) 68/3
Answer Key :
1)a 
2)a 
3)b 
4)c 
5)d 
6)a 
7)d 
8)c 
9)a 
10)b 
11)a 
12)a 
13)d 
14)d 
15)d 
16)b 
17)c 
18)c 
19)d 
20)b 
21)c 
22)b 



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