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Profit and Loss

Practice problems on calculating profit and loss percentages, cost price, and selling price in various business scenarios.

14 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Seema bought a table for Rs. 400/- and sold it at a profit of 15%. What would have been increase in the profit if it were sold at Rs. 500/-?

  1. Rs. 40
  2. Rs. 20
  3. Rs. 10
  4. Rs. 50
  5. Rs. 30
Question 2 Multiple Choice (Single Answer)

Raman sells two beds at the same price. On the first he makes a profit of 20% and on the second he incurred a loss of 20%. Find his gain or loss percent in the whole transaction.

  1. Profit of 6%
  2. Loss of 6%
  3. Profit of 4%
  4. Loss of 4%
  5. Profit of 7%
Question 3 Multiple Choice (Single Answer)

Two brands of rice costing Rs. 35 and Rs. 40 per Kg respectively are mixed in the ratio 2 : 3 by weight. If one-fifth of the mixture is sold at Rs. 46 per Kg, and the remaining at the rate of Rs. 55 per Kg, find the profit percent.

  1. 40%
  2. 50%
  3. 60%
  4. 30%
  5. 20%
Question 4 Multiple Choice (Single Answer)

Shilpa sells a laptop at 6% profit. If she had sold it at 10% profit, she would have received Rs. 2,000 more. What is the first selling price of the laptop?

  1. Rs. 53,200
  2. Rs. 53,000
  3. Rs. 63,000
  4. Rs. 53,500
  5. Rs. 43,000
Question 5 Multiple Choice (Single Answer)

A shopkeeper purchased 80 kg of wheat at the rate of Rs. 6.75 per kg and mixed it with 120 kg of wheat, purchased at Rs. 8 per kg. At what rate per kg he must sell the mixture to have a gain of 20%?

  1. Rs. 7
  2. Rs. 11
  3. Rs. 9
  4. Rs. 10
  5. Rs. 12
Question 6 Multiple Choice (Single Answer)

Ravi purchased a Book for Rs. 300 and sold it to Ramesh at a gain of 25%. Ramesh sold it to Rajendra at a loss of 10%. For how much did Rajendra buy it?

  1. Rs. 327.50
  2. Rs. 337.50
  3. Rs. 336.50
  4. Rs. 337.40
  5. Rs. 337.00
Question 7 Multiple Choice (Single Answer)

By selling a juicer for Rs. 960, a man incurred a loss of 4%. At what price should he sell the juicer to gain 16%?

  1. Rs. 1,360
  2. Rs. 1,280
  3. Rs. 1,160
  4. Rs. 1,180
  5. Rs. 1,260
Question 8 Multiple Choice (Single Answer)

By selling an article for Rs. 600, a man gains 20% on the C.P. At what % should he sell it to gain 30%?

  1. Rs. 650
  2. Rs. 750
  3. Rs. 600
  4. Rs. 700
  5. Rs. 850
Question 9 Multiple Choice (Single Answer)

A man bought 240 pencils at Rs. 9 per dozen. If he sold them at Re. 1 each, what is his profit percent?

  1. 33.33%
  2. 43.33%
  3. 30.33%
  4. 31.33%
  5. 33.63%
Question 10 Multiple Choice (Single Answer)

On selling an article for Rs. 950 a man incurred a loss of 5%. At what price should he sell the article to gain 25%?

  1. Rs. 1160
  2. Rs. 1050
  3. Rs. 1150
  4. Rs. 1260
  5. Rs. 1250
Question 11 Multiple Choice (Single Answer)

A watch is sold for Rs. 350. If sales tax accounts for one-tenth of this and profit is one-fifth of the remainder, find the C.P. of the watch.

  1. Rs. 257
  2. Rs. 272
  3. Rs. 252
  4. Rs. 262
  5. Rs. 251
Question 12 Multiple Choice (Single Answer)

On selling a tape recorder for Rs. 3600, Suresh loses 10%. Calculate his loss or gain % if he sells it for Rs. 4225.

  1. 45/6%
  2. 42/8%
  3. 55/8%
  4. 44/8%
  5. 45/8%
Question 13 Multiple Choice (Single Answer)

Deeksha bought an article and spent Rs. 150 on its repairs. She sold it to Anita at a profit of 20%. Anita sold it to Somya at a profit of 15%. Somya sold it for Rs. 1587 at a profit of 15%. How much did Deeksha pay for the article?

  1. Rs. 950
  2. Rs. 850
  3. Rs. 900
  4. Rs. 800
  5. Rs. 1050
Question 14 Multiple Choice (Single Answer)

What is the S.P. of a dozen of roses, if the C.P. of each rose is Rs. 1.20 and the profit on selling 30 roses is Rs. 5.40?

  1. Rs. 16.43
  2. Rs. 16.76
  3. Rs. 16.46
  4. Rs. 16.56
  5. Rs. 16.65
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