Profit and Loss questions and answers are most important for all competitive exams and entrance tests. In this section, you will find many types of profit and loss questions and answers. Practice these questions and answers that will help you crack any competitive exam like SSC, IBPS, PO, RBI, PSC, RAIL, PSU, and many more exams. Now, all competitive exams are online so here you can practice free online exams in our online test section. We are providing many exams profit and loss questions with solutions regularly. Check out this page regularly to get updated profit and loss questions and answers. Here you will find many other subjects general aptitude questions and answers.
Profit and Loss Questions and Answers
Q1. Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit ?
A. 5.6
B. 6.5
C. 4.5
D. 3.5
Q2. 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. 1190
B. Rs. 1090
C. Rs. 1160
D. Rs. 1202
Q3. A property dealer sells a house for Rs. 6,30,009 and in the bargain makes a profit of 5%. Had he sold it for Rs. 5,00,000, then what percentage of loss or gain he would have made ?
A. 10% loss
B. 9/4 % gain
C. 50/3 % loss
D. 25/2 % loss
Q4. A manufacturer undertakes to supply 2000 pieces of a particular component at Rs. 25 per piece. According to his estimates, even (if 5% fail to pass the quality tests, then he will make a profit of 25%. However, as it turned out, 50% of the components were rejected. What is the loss to the manufacturer ?
A. Rs. 12,000
B. Rs. 14,000
C. Rs. 13,000
D. Rs. 15,000
Q5. If selling price is doubled, the profit triples. Find the profit percent :
A. 200/3
B. 316/3
C. 100
D. 120
Q6. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is :
A. 15
B. 16
C. 18
D. 25
Q7. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant,approximately what percentage of the selling price is the profit ?
A. 30%
B. 250%
C. 70%
D. 100%
Q8. A fruitseller sells mangoes at the rate of Rs. 9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5% ?
A. Rs. 11.81
B. Rs. 12.31
C. Rs. 12
D. Rs. 12.25
Q9. A man bought apples at the rate of 8 for Rs. 34 and sold them at the rate of 12 for Rs. 57. How many apples should be sold to earn a net profit of Rs. 45 ?
A. 90
B. 100
C. 150
D. 135
Q10. A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the whole lot at the rate of Rs. 6.50 per kg. What will be his gain percent ?
A. 25/6 %
B. 25/4 %
C. 25/3 %
D. 20 %
