Profit and Loss Questions

Online Profit and Loss (Aptitude) Questions and Answers

Ques. Yash incurs 5% loss by selling a watch for \$1140. At what price should the watch be sold to earn 5% profit?­
(a) 1275
(b) 1280
(c) 1210
(d) 1260

Ans. (d)

Ques. A man buys a toy for 25 and sells it for 30. Find his gain percent.
(a) 20%
(b) 25%
(c) 15%
(d) 30%

Ans. (a)

Ques. A chair is bought for 1950 and sold at 2340. Find the gain percent.
(a) 15%
(b) 20%
(c) 25%
(d) 30%

Ans. (b)

Ques. A restaurant sold a pizza for 420 at a loss of 12.5%. At what price should restaurant have sold it to gain 12.5%?
(a) 620
(b) 540
(c) 650
(d) 750

Ans. (b)

Ques. Ghanshyam bought bananas at 6 for \$10 and sold them at 4 for \$6. Find his loss percent.
(a) 12%
(b) 8%
(c) 6%
(d) 10%

Ans. (d)

Ques. 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
(a) 37.5%
(b) 35%
(c) 45%
(d) 40%

Ans. (a)

Ques. Yashwant sold two flats for \$675958 each. On one he gains 16% while on the other he loses 16%. How much does he lose in the whole transaction?
(a) 3.16%
(b) 2.56%
(c) 4.46%
(d) 3.56%

Ans. (b)

Ques. There are two consecutive discounts of 35% and 10% on a jeans. If a person paid \$1170 for that, then what was the original price of the jeans before the discounts?
(a) 2,000
(b) 1,800
(c) 1,900
(d) 1,700

Ans. (a)

Ques. Raju purchased 20 dozens of toys at the rate of \$375 per dozen. He sold each one of them at the rate of \$33. What was his percentage profit?
(a) 3.5
(b) 4.5
(c) 5.6
(d) None of these

Ans. (c)

Ques. A shopkeeper mixes two varieties of tea, one costing 35 per kg. and another at 45 per kg. in the ratio 3:2. If he sells the mixed variety at 41.60 per kg. what is his gain or loss percent?
(a) 6 ½%
(b) 7¾%
(c) 6 2/3%
(d) 7 1/3%

Ans. (c)

Related: Time and Work Problems

Ques. Ankit expects a gain of 22.5% on his cost price. If in a week, his sale was of 392, what was his profit?
(a) 18.20
(b) 70
(c) 72
(d) 88.25

Ans. (c)

Ques. By selling an article for \$100, one gains \$10. Then the gain percent is
(a) 10%
(b) 9%
(c) 11 1/9%
(d) 10 ½%

Ans. (c)

Ques. If cost price of 15 articles is equal to the selling price of 12 articles, then find the gain percent.
(a) 25 %
(b) 30 %
(c) 35 %
(d) 40 %

Ans. (a)

Ques. A man loses \$50 by selling toys at the rate of \$3 per toy but gains \$75. If he sells them at \$3.25 per toy. The number of toys sold by him is
(a) 500
(b) 600
(c) 750
(d) 1000

Ans. (a)

Ques. A shopkeeper sells a badminton marked at \$30 at 15% discount and gives a shuttle cock costing \$1.50 free with each badminton. He then makes a profit of 20%. His cost price per badminton is
(a) 35
(b) 30
(c) 25
(d) 20

Ans. (d)

Ques. A shop keeper bought 16 dozen toys at the rate of 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) 70
(b) 75
(c) 65
(d) 80

Ans. (a)

Ques. 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) 15%
(c) 20%
(d) 25%

Ans. (d)

Ques. A trader allows two successive discounts of 20% and 10%. if he sells an article for 108, then the market price of the article is
(a) 140
(b) 142
(c) 148
(d) 150

Ans. (d)

Ques. A shopkeeper purchases 11 pens for \$10 and sells them at the rate of 10 for \$11, then the profit is
(a) 18%
(b) 19%
(c) 20%
(d) 21%

Ans. (d)

Ques. By selling a watch for 144 a man loses 10%. At what price should he sell it in order to gain 10%?
(a) 144
(b) 184
(c) 154
(d) 164

Ans. (b)

Ques. A’ buys a pen for \$4 and sells it for \$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) 20 %
(b) 10 %
(c) 5 %
(d) 15 %

Ans. (c)

Ques. A man sells two horses for 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) 10%
(b) 12%
(c) 15%
(d) 20%

Ans. (d)

Ques. A trader mixes three varieties of groundnuts costing \$50, \$20 and \$30 per kg in the ratio 2: 4: 3 in terms of-weight, and sells the mixture at \$33 per kg. What percentage of profit does he make?
(a) 8 %
(b) 9 %
(c) 10 %
(d) None of these

Ans. (c)

Ques. Hameed bought a calculator for 520 and sold it with 15% profit on the price he bought. At what price did he sell the calculator?
(a) 598/-
(b) 542/-
(c) 528/-
(d) 780/-

Ans. (a)

Ques. In selling an article for \$76, a shopkeeper gains 52%. The gain by selling that for \$74 is
(a) 45%
(b) 48%
(c) 49%
(d) 50%

Ans. (b)

Ques. Anitha sold a painting at a profit of 11%. Had she sold it for 175 more, she would have gained 18%. The C.P of the painting is
(a) 2250
(b) 2350
(c) 2500
(d) 2550

Ans. (c)

Ques. 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) no profit, no loss
(b) 20% profit
(c) less than 20% profit
(d) more than 20% profit

Ans. (d)

Ques. Listed price of an article is 65. A customer pays 56.16 for it. He was given two successive discounts. If the first discount is 10% find the second
(a) 8%
(b) 6%
(c) 5%
(d) 4%

Ans. (d)

Ques. 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) 21 %
(b) 20 %
(c) 19 %
(d) 18 %

Ans. (a)

Ques. A person bought some oranges @ \$10 per dozen and bought the same number of oranges @ \$8 per dozen. He sold these oranges @ \$11 per dozen and gained \$120. The total number of oranges bought by him was
(a) 30 dozen
(b) 40 dozen
(c) 50 dozen
(d) 60 dozen

Ans. (d)

Ques. Satyaprakash got 30% concession on the labelled price of an Jeans and sold it for \$8750 with 25% profit on the price he bought. What was the labelled price?
(a) 10,000
(b) 12,000
(c) 16,000

Ans. (a)

Ques. A man sells a car to his friend at 10% loss. If the friend sells it for 54,000 and gains 20%, the C.P. of the car was:
(a) 25,000
(b) 37,500
(c) 50,000
(d) 60,000

Ans. (c)

Ques. The marked price of a chair is \$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.
(a) 1615
(b) 1700
(c) 1815
(d) 1600

Ans. (a)

Ques. 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) 15%
(c) 20%
(d) 12%

Ans. (d)

Ques. Mamta purchased a table for \$1260 and due to some scratches on its top, she had to sell it for \$1197. Find her loss percent.
(a) 20 %
(b) 15 %
(c) 10 %
(d) 5 %

Ans. (d)

Related: Number system questions

Ques. 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 3500?
(a) 300
(b) 350
(c) 375
(d) 475

Ans. (d)

Ques. 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 8%
(b) 22% and 8%
(c) 25% and 9%
(d) 25% and 10%

Ans. (d)

Ques. Raghu bought 10kg. of sugar at the rate of 14 per kg and 15kg. of sugar at the rate of 16 per kg. He mixed the two varieties and sold the mixture at the rate of 18 per kg. What was his total gain by doing so?
(a) 50
(b) 70
(c) 40
(d) 80

Ans. (b)

Ques. If a pair of shoes is sold at \$972, then profit is 8%. If it is sold at \$872, then there is a loss of
(a) 15
(b) 14
(c) 13
(d) 12

Ans. (a)

Ques. A loss of 5% was suffered by selling a plot for 4,085. The cost price of the plot was:
(a) 4350
(b) 4259.25
(c) 4200
(d) 4300

Ans. (d)

Ques. If selling price of 16 chairs is same as the cost price of 20 chairs, then there is a
(a) loss of 20%
(b) loss of 25%
(c) gain of 20%
(d) gain of 25%

Ans. (d)

Ques. 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) 60%
(b) 40%
(c) 45%
(d) 50%

Ans. (a)

Ques. Rama sold two glass of Juice at \$14 each. On one he gains 20% and on the other loses 20%. Then he made
(a) no profit no loss
(b) loss of 4%
(c) gain of 1%
(d) none of these

Ans. (b)

Ques. By selling sugar at 5.58 per kg. a man loses 7%. To gain 7% it must be sold at the rate of __
(a) 5.62 per kg
(b) 6.42 per kg
(c) 7.32 per kg
(d) 6.62 per kg

Ans. (b)

Ques. If the cost of a pen is \$12.60 and the gain was 10% of the marked price, then the marked price of a pen was
(a) 15
(b) 14
(c) 13
(d) 12

Ans. (b)

Ques. Chocolate are bought at a rate of 8 for 1\$. To gain 60% they must be sold at
(a) 6 for 1\$
(b) 5 for 1\$
(c) 9 for 1\$
(d) 24 for 1\$

Ans. (b)

Ques. Prasanajeet purchased a machine for \$80000 and spent \$5000 on repair and \$1000 on transport and sold it with 25% profit. At what price did he sell the machine?
(a) 107500
(b) 107000
(c) 108000
(d) 108500

Ans. (a)

Ques. 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) 25%
(b) 35.3%
(c) 37.5%
(d) 42%

Ans. (b)

Ques. A man buys pencils at 10 for 3 and sells at 8 for 3. His gain percent is
(a) 20
(b) 25
(c) 30
(d) 27

Ans. (b)

Ques. An article was sold at a loss of 5%.If it were sold for \$30 more ,the gain would have been 1.25%. The cost price of the article is
(a) 488
(b) 480
(c) 460
(d) 420

Ans. (b)

Ques. A man buys an article and sells it at a profit of 20%.If he bought at 20% less and sold it for \$75 less, he would have gained 25%. What is the cost price ?
(a) 375
(b) 425
(c) 350

Ans. (a)

Ques. On selling a certain commodity for \$425, there is as much gain as loss on selling it for \$355. the C.P of the commodity
(a) 370
(b) 385
(c) 390
(d) 400

Ans. (c)

Ques. 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) 6
(b) 8
(c) 4

Ans. (a)

Ques. A radio is sold at a gain of 16%. If it had been bought at 10% less and sold for \$14 less; there would have been a gain of 25%. The cost price of the radio is
(a) 500
(b) 375
(c) 400
(d) 500

Ans. (c)

Related: Data interpretation test

Ques. A trader purchases 70 kg of sugar at \$15 per kg and 30 kg of sugar at \$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%?
(a) 18.80 per kg
(b) 18 per kg
(c) 18.50 per kg
(d) 17.80 per kg

Ans. (a)

Ques. By selling an article for \$40, there is loss of 40%. By selling it for \$80 there is
(a) Gain of 20%
(b) Loss of 10%
(c) Loss of 20%
(d) Gain of 10%

Ans. (a)

Ques. 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

Ans. (d)

Ques. Ram owns a plot worth \$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) loses 100
(b) loses 900
(c) gains 100
(d) gains 1.100

Ans. (d)

Ques. Find the single discount equivalent to a series discount of 20%, 10% and 5%.
(a) 27.5%
(b) 31.6%
(c) 32.4%
(d) 35.5%

Ans. (b)

Related: India general knowledge

Ques. An agent makes a profit of 20% even after a 10% discount on the advertised price. If he makes a profit of \$750 on the sale of a scooter, then the advertised price is
(a) 4,550
(b) 4,500
(c) 5,000
(d) 5,050

Ans. (c)

Ques. By giving a discount of 10% on the marked price of \$1,100 of a Mobile Phone a dealer gains 10%, then the cost price is
(a) 900
(b) 950
(c) 1,000
(d) 1,050

Ans. (a)

Ques. On selling three articles at the cost of four article, there will be profit of
(a) 25%
(b) 100/3 %
(c) 75/2%
(d) 40%

Ans. (b)

Ques. On selling an article for 270 there is a gain of 12.5%. What is its cost price?
(a) 240
(b) 220
(c) 210
(d) 250

Ans. (a)