PROFIT AND LOSS

Profit And Loss Fully solved questions with complete explanation for written test, interview, competitive exams and entrance test. This section is very useful for those who are preparing for competitive exams such as Written test of IT companies,Bank Exams, CAT Exams, GATE Exams, Railway Exams, SSC, UPSC, Defence and many more.

Q. Jacob bought a scooter for a certain money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs.1100. How much did he spend on repairs if he made of profit of 20%?

  • A) Rs 400
  • B) RS 440
  • C) Rs 500
  • D) Rs 550
Q. A man bought goods worth Rs. 6000 and sold half of them at a gain of 10%. At what gain percent must he sell the remainder so as to get a gain of 25% on the hole?

  • A) 0.25
  • B) 0.3
  • C) 0.35
  • D) 0.4
Q. The total CP of two watches is Rs900 One is sold out 20% profit and other at a loss of 25% There is no gain and loss in whole transaction The CP of the cost in whole transaction on which the shopkeeper losses is

  • A) 400
  • B) 450
  • C) 500
  • D) 540
Q. A shop stores x kg of rice. The first customer buys half this amount plus half a kg of rice. The second customer buys half the remaining amount plus half a kg of rice. Then the third customer also buys half the remaining amount plus half a kg of rice. Thereafter, no rice is left in the shop. Which of the following best describes the value of x?

  • A) 2 ≤ x ≤ 6
  • B) 9 ≤ x ≤ 12
  • C) 11≤ x ≤ 14
  • D) 13 ≤ x ≤ 18
Q. In 1978, a kg of paper was sold at Rs25/-. If the paper rate increases at 1.5% more than inflation rate which is of 6.5% a year, then what will be the cost of a kg of paper after 2 years?

  • A) 29.12
  • B) 29.72
  • C) 30.12
  • D) 32.65
Q. A trader purchases two sofa sets at price which are in ratio 5 : 3. The profit percentage he made on second set twice the (Numerical value) loss made on the first set. In entire transaction the trader make gain of 2.5%. What is loss percentage on the first set?

  • A) 16%
  • B) 12%
  • C) 20%
  • D) 12.5%
Q. A student calculated a percentage of profit on a transaction by taking SP as a base and arrived at figure 50% profit. What is correct profit percentage?

  • A) 50%
  • B) 66.65%
  • C) 100%
  • D) 200%
Q. Ganeshan bought 100 kg of rice for Rs. 1100 and sold it at a loss of as much money as he received for 20 kg rice. At what price did he sell the rice?

  • A) Rs. 9 per kg
  • B) Rs. 9.1666 per kg
  • C) Rs. 9.5 per kg
  • D) Rs. 10.33 per kg
Q. Rajesh sold a clock for Rs.204 at a loss of fifteen percent. At what rate should he have sold the clock to earn a profit of twenty five percent?

  • A) Rs.300
  • B) Rs.320
  • C) Rs.285
  • D) Rs.240
Q. A man bought some fruits at the rate of 16 for Rs.24 and sold them at the rate of 12 for Rs.27. what is the profit percent?

  • A) 40%
  • B) 60%
  • C) 50%
  • D) 16%
Today's Challenging Question
Q. Ajay & Bimal can do a price of work in 10 days, Bimal & Chetan can do in 15 days and Chetan and Ajay in 20 days. They work together for 6 days and then Ajay leaves and now Bimal & Chetan work together for 4 more days. If Bimal leaves, how long will Chetan take to finish the work?
A) 12 days
B) 10 days
C) 16 days
D) none
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