Aptitude & Reasoning

Profit and Loss Questions

Profit and Loss mcq

Online Profit and Loss (Aptitude) Questions and Answers

Profit and Loss Problems

Question 1
A person bought some oranges @ Rs. 10 per dozen and bought the same number of oranges @ Rs. 8 per dozen. He sold these oranges @ Rs. 11 per dozen and gained Rs 120. The total number of oranges bought by him was

Related: Educational Qualification required Railway Jobs

A
50 dozen
B
30 dozen
C
60 dozen
D
40 dozen
Question 2
A businessman, by means of a false balance defrauds to an extent of 10% in buying goods and 10% in selling goods. Then, by how much percent does he gain?
A
18 %
B
21 %
C
19 %
D
20 %
Question 3
Find the single discount equivalent to a series discount of 20%, 10% and 5%.
A
32.4%
B
35.5%
C
27.5%
D
31.6%
Question 4
A trader allows two successive discounts of 20% and 10%. if he sells an article for Rs. 108, then the market price of the article is
A
Rs. 150
B
Rs. 148
C
Rs. 140
D
Rs. 142
Question 5
A man sells two horses for Rs. 4000 each neither losing nor gaining in the deal. If he sold one horse at a gain of 25%, the other horse would be sold at a loss of
A
15%
B
10%
C
20%
D
12%
Question 6
Ankit expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
A
Rs. 70
B
Rs. 88.25
C
Rs. 18.20
D
Rs. 72
Question 7
An agent makes a profit of 20% even after a discount of 10% discount on the advertised price. If he makes a profit of Rs. 750 on the sale of a scooter, then the advertised price is
A
Rs. 4,550
B
Rs. 4,500
C
Rs. 5,050
D
Rs. 5,000
Question 8
A restaurant sold a pizza for Rs. 420 at a loss of 12.5%. At what price should restaurant have sold it to gain 12.5%?
A
Rs. 540
B
Rs. 620
C
Rs. 650
D
Rs. 750
Question 9
If cost price of 15 articles is equal to the selling price of 12 articles, then find the gain percent.

Related: GK Questions & Answers on Indian Geography

A
25 %
B
35 %
C
40 %
D
30 %
Question 10
A chair is bought for Rs. 1950 and sold at Rs. 2340. Find the gain percent.

Related: General Knowledge (GK) MCQ questions answers

A
30%
B
15%
C
20%
D
25%
Question 11
A radio is sold at a gain of 16%. If it had been bought at 10% less and sold for Rs. 14 less; there would have been a gain of 25%. The cost price of the radio is
A
Rs. 500
B
Rs. 400
C
Rs. 500
D
Rs. 375
Question 12
A man buys pencils at 10 for Rs. 3 and sells at 8 for Rs. 3. His gain percent is

Related: Find the opposite - English Antonyms Exercise

A
20
B
30
C
25
D
27
Question 13
Ramesh bought 12kg . of sugar at the rate of Rs 9.50 per kg. and 18 kg of sugar at the rate of Rs. 12.50 per kg. He mixed the two varieties and sold the mixture at the rate of Rs.12.00 per kg. Approximately what was his percentage gain in this transaction?
A
Data inadequate
B
4
C
6
D
8
Question 14
Four advertisers advertise the same list price for a Car. Which one of the following discount series is more advantageous to the customer?
A
25% and 10%
B
22% and 8%
C
25% and 9%
D
25% and 8%
Question 15
Hameed bought a calculator for Rs. 520 and sold it with 15% profit on the price he bought. At what price did he sell the calculator?
A
Rs. 598/-
B
Rs. 780/-
C
Rs. 542/-
D
Rs. 528/-
Question 16
If a pair of shoes is sold at Rs. 972, then profit is 8%. If it is sold at Rs. 872, then there is a loss of
A
Rs. 14
B
Rs. 12
C
Rs. 13
D
Rs. 15
Question 17
Raju 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
4.5
C
3.5
D
None of these
Question 18
Raghu bought 10kg. of sugar at the rate of Rs. 14 per kg and 15kg. of sugar at the rate of Rs. 16 per kg. He mixed the two varieties and sold the mixture at the rate of Rs. 18 per kg. What was his total gain by doing so?

Related: CAT MBA Entrance Exam Topicwise Syllabus

A
Rs. 80
B
Rs. 50
C
Rs. 70
D
Rs. 40
Question 19
Mamta purchased a table for Rs.1260 and due to some scratches on its top, she had to sell it for Rs.1197. Find her loss percent.
A
20 %
B
5 %
C
10 %
D
15 %
Question 20
A trader purchases 70 kg of sugar at Rs. 15 per kg and 30 kg of sugar at Rs. 18.50 per kg. If the packing charges are 2 percent, then at what price he must sell the mixture of two to gain 15%?

Related: SSC General English Practice Questions

A
Rs. 18.80 per kg
B
Rs. 18 per kg
C
Rs. 18.50 per kg
D
Rs. 17.80 per kg
Question 21
A shop keeper bought 16 dozen toys at the rate of Rs. 703.20 per dozen. He sold them with 20% profit on the price he bought. Approximately , at what price did he sell each toy?
A
Rs.70
B
Rs.80
C
Rs. 65
D
Rs.75
Question 22
Yash incurs 5% loss by selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit?­
A
1260
B
1210
C
1280
D
1275
Question 23
A trader mixes three varieties of groundnuts costing Rs. 50, Rs. 20 and Rs. 30 per kg in the ratio 2: 4: 3 in terms of-weight, and sells the mixture at Rs.33 per kg. What percentage of profit does he make?
A
10 %
B
8 %
C
None of these
D
9 %
Question 24
A’ buys a pen for Rs. 4 and sells it for Rs. 5. He calculates his profit first as a percentage of the buying price then as a percentage of the selling price. The difference between these two is
A
15 %
B
5 %
C
20 %
D
10 %
Question 25
On selling an article for 270 there is a gain of 12.5%. What is its cost price?

Related: India general knowledge

A
210
B
240
C
250
D
220
Question 26
The marked price of a chair is Rs 2000. It is sold at a discount of 15%. The shopkeeper has allowed a further discount of 5% due to off season. Find the selling price of the chair.

Related: Quantitative Aptitude Sample Paper

A
Rs. 1700
B
Rs. 1600
C
Rs. 1815
D
Rs. 1615
Question 27
A grocer sells rice at a profit of 10% and uses weights which are 20% less than the marked weight. The total gain earned by him will be

Related: Check Complete RRB Syllabus

A
45%
B
40%
C
35%
D
37.5%
Question 28
By selling sugar at Rs. 5.58 per kg. a man loses 7%. To gain 7% it must be sold at the rate of Rs. ?
A
5.62 per kg
B
6.62 per kg
C
7.32 per kg
D
6.42 per kg
Question 29
A man buys an article for 10% less than its value and sells if for 10% more than its value. His gain or loss percent is:
A
20% profit
B
no profit, no loss
C
less than 20% profit
D
more than 20% profit
Question 30
A shopkeeper sells a badminton marked at Rs. 30 at 15% discount and gives a shuttle cock costing Rs. 1.50 free with each badminton. He then makes a profit of 20%. His cost price per badminton is
A
Rs. 30
B
Rs. 20
C
Rs. 25
D
Rs. 35
Question 31
A shopkeeper mixes two varieties of tea, one costing Rs. 35 per kg. and another at Rs. 45 per kg. in the ratio 3:2. If he sells the mixed variety at Rs. 41.60 per kg. what is his gain or loss percent?
A
6 2/3%
B
7 1/3%
C
6 ½%
D
7¾%
Question 32
By selling a watch for Rs. 144 a man loses 10%. At what price should he sell it in order to gain 10%?

Related: Calculate Simple and Compound Interest (Questions)

A
184
B
154
C
164
D
144
Question 33
A loss of 5% was suffered by selling a plot for Rs. 4,085. The cost price of the plot was:
A
Rs. 4259.25
B
Rs. 4200
C
Rs. 4300
D
Rs. 4350
Question 34
If selling price of 16 chairs is same as the cost price of 20 chairs, then there is a
A
loss of 25%
B
gain of 20%
C
gain of 25%
D
loss of 20%
Question 35
There are two consecutive discounts of 35% and 10% on a jeans. If a person paid Rs. 1170 for that, then what was the original price of the jeans before the discounts?
A
Rs. 2,000
B
Rs. 1,800
C
Rs. 1,700
D
Rs. 1,900
Question 36
A man loses Rs. 50 by selling toys at the rate of Rs 3 per toy but gains Rs .75. If he sells them at Rs 3.25 per toy. The number of toys sold by him is

Related: Time and Work Problems

A
500
B
600
C
1000
D
750
Question 37
Price of food grains have risen by 10% and of other items of consumption by 15%. If the ratio of an employee's expenditure on food grains and other items is 2:5, by how much should his salary be increased so that he may maintain the same level of consumption as before, assuming that his present salary is Rs. 3500?
A
Rs. 375
B
Rs. 300
C
Rs. 350
D
Rs. 475
Question 38
A man sells a car to his friend at 10% loss. If the friend sells it for Rs. 54,000 and gains 20%, the C.P. of the car was:
A
Rs. 37,500
B
Rs. 25,000
C
Rs. 60,000
D
Rs. 50,000
Question 39
By giving a discount of 10% on the marked price of Rs. 1,100 of a Mobile Phone a dealer gains 10%, then the cost price is
A
Rs. 900
B
Rs. 1,000
C
Rs. 1,050
D
Rs. 950
Question 40
On selling a certain commodity for Rs 425, there is as much gain as loss on selling it for Rs 355. the C.P of the commodity
A
Rs. 400
B
Rs. 390
C
Rs. 385
D
Rs. 370
Question 41
A man buys an article and sells it at a profit of 20%.If he bought at 20%less and sold it for Rs. 75 less, he would have gained 25%. What is the cost price ?
A
Data inadequate
B
Rs. 350
C
Rs. 425
D
Rs. 375
Question 42
A shopkeeper professes to sell his goods at cost price but uses a weight of 800 grams instead of a kilogram weight. Thus he makes a gain of
A
10%
B
20%
C
15%
D
25%
Question 43
If the cost of a pen is Rs. 12.60 and the gain was 10% of the marked price, then the marked price of a pen was
A
Rs. 14
B
Rs. 12
C
Rs. 15
D
Rs. 13
Question 44
Anitha sold a painting at a profit of 11%. Had she sold it for Rs.175 more, she would have gained 18%. The C.P of the painting is
A
Rs. 2350
B
Rs. 2550
C
Rs. 2500
D
Rs. 2250
Question 45
In selling an article for Rs. 76, a shopkeeper gains 52%. The gain by selling that for Rs. 74 is

Related: Agriculture Questions and Answers

A
48%
B
49%
C
45%
D
50%
Question 46
A person bought 20 litres of milk at the rate of Rs. 8 per litre. He got it churned after spending Rs. 10 and got 5 kg. of cream and 20 litres of toned milk. If he sold the cream at Rs. 30 per kg. and toned milk at Rs. 4 per litre, his profit in the transaction is
A
42%
B
37.5%
C
35.3%
D
25%
Question 47
Arun purchased a bag with 25% discount on the labelled price. At what percentage profit on the price he bought should he sell it to make 20% profit on the labelled price?
A
40%
B
60%
C
50%
D
45%
Question 48
Ram owns a plot worth Rs. 10,000. He sells it to Shyam at a profit of 10%. After sometime Shyam sells it back to Ram at a 10% loss, then Ram overall
A
gains Rs. 100
B
loses Rs. 100
C
gains Rs. 1.100
D
loses Rs. 900
Question 49
Toffee are bought at a rate of 8 for one rupee. To gain 60% they must be sold at
A
5 for Re. 1
B
24 for Re. 5
C
9 for Re. 2
D
6 for Re. 1
Question 50
By selling an article for Rs. 100, one gains Rs. 10. Then the gain percent is
A
10%
B
10 ½%
C
9%
D
11 1/9%
Question 51
Listed price of an article is Rs. 65. A customer pays Rs. 56.16 for it. He was given two successive discounts. If the first discount is 10% find the second
A
8%
B
4%
C
6%
D
5%
Question 52
Rama sold two glass of Juice at Rs. 14 each. On one he gains 20% and on the other loses 20%. Then he made
A
gain of 1%
B
none of these
C
no profit no loss
D
loss of 4%
Question 53
A man buys a toy for Rs. 25 and sells it for Rs. 30. Find his gain percent.
A
25%
B
15%
C
30%
D
20 %
Question 54
An article was sold at a loss of 5%.If it were sold for Rs. 30 more ,the gain would have been 1.25%. The cost price of the article is
A
Rs. 480
B
Rs. 460
C
Rs. 488
D
Rs. 420
Question 55
A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His gain percent is
A
10%
B
12%
C
20%
D
15%
Question 56
A shopkeeper purchases 11 pens for Rs. 10 and sells them at the rate of 10 for Rs. 11, then the profit is

Related: Logical Puzzle Multiple Choice Questions

A
21%
B
20%
C
18%
D
19%
Question 57
Prasanajeet purchased a machine for Rs.80000 and spent Rs.5000 on repair and Rs.1000 on transport and sold it with 25% profit. At what price did he sell the machine?
A
Rs. 107500
B
Rs. 108000
C
Rs. 107000
D
Rs. 108500
Question 58
Satyaprakash got 30% concession on the labelled price of an Jeans and sold it for Rs. 8750 with 25% profit on the price he bought. What was the labelled price?
A
Rs. 10,000
B
Rs. 12,000
C
Rs. 16,000
D
Data inadequate
Question 59
Ghanshyam bought bananas at 6 for Rs.10 and sold them at 4 for Rs. 6. Find his loss percent.
A
6%
B
10%
C
12%
D
8%
Question 60
What is the equivalent discount of three consecutive discount 30%, 20% and 5%?
A
46.50
B
46.60
C
46.70
D
46.80
Question 61
Yashwant sold two flats for Rs. 675958 each. On one he gains 16% while on the other he loses 16%. How much does he lose in the whole transaction?
A
4.46%
B
3.56%
C
3.16%
D
2.56%
There are 61 questions to complete.

About the author

Vishal Arora

Leave a Comment