Profit and Loss Questions With Solution

1. If selling price of an article is Rs. 250, profit percentage is 25%. Find the ratio of the cost price and the selling price

A. 5: 3

B. 3 : 5

C. 4 : 5

D. 5 : 4

2. A shopkeeper buys pencils at 9 for Rs. 16 and sells them at 11 for Rs. 22. Find out his loss or gain percentage?

A. 12 1/2%

B. 12%

C. 14%

D. 11 2/3%

3. Sunil purchases two books at Rs.300 each. He sold one book 10% gain and other at 10% loss. What is the total loss or gain in percentage?

A. 10% gain

B. 1% loss

C. No loss or no gain

D. 1% gain

4. In a shop, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, find out approximately what percentage of the selling price is the profit?

A. 250%

B. 100%

C. 70%

D. 30%

5. An exporter 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. Insufficient Data

B. Rs. 80

C. Rs. 90

D. Rs. 72

6. Murali 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. Find out his profit percentage.

A. 3.5

B. 5.6

C. 4.1

D. 3.4

7. When an item is sold for Rs. 18,700, the owner loses 15%. At what price should that plot be sold to get a gain of 15%?

A. Rs. 25100

B. Rs. 24200

C. Rs. 25300

D. Rs. 21200

8. If a material is sold for Rs.34.80, there is a loss of 25%. Find out the cost price of the material?

A. Rs.46.40

B. Rs.44

C. Rs.42

D. Rs.47.20

9. A fruit seller sells apples 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. 11.32

B. 11

C. 12

D. 11.81

10. John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and Rs.1000 on transport he sold it with 25% profit. What price did he sell the machine?

A. Rs.107000.

B. Rs.107500.

C. Rs.108500.

D. None of these

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