Profit and Loss Questions
Practice Profit and Loss MCQs with answers and explanations. Page 34 of 38.
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Profit and Loss
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A person bought some articles at the rate of 5 per rupee and the same number at the rate of 4 per rupee. He mixed both the types and sold at the rate of 9 for 2 rupees. In this business he suffered a loss of ₹ 3. The total number of articles bought by him was
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A grocer purchases three qualities of lemons at different rates. The first quality was purchased at 2 for ₹ 1, the second at 3 for ₹ 2 and the third at 4 for ₹ 3. He sold all the lemons at 5 for ₹ 4. If the ratio of the number of lemons of the three qualities is 1 : 2 : 3, then what is the approximate gain or loss percentage incurred by the grocer?
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A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
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Reynolds Superink pens are bought at the rate of 8 for ₹ 100. To make a profit of 60 per cent, these must be sold at
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By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%?
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Directions: Read the following information carefully and answer the questions that follow:
A train journey from P to D by an X-express has 4 classes of fares
| Class | Fare | Berths per bogie | Train Composition |
| :--- | :--- | :--- | :--- |
| 3 tier | ₹ 300 | 72 berths per bogie | Train has 8 bogies |
| AC-3 tier | ₹ 898 | 64 berths per bogie | Train has 2 bogies |
| AC-2 tier | ₹ 1388 | 45 berths per bogie | Train has 2 bogies |
| AC-first class | ₹ 2691 | 26 berths per bogie | Train has 1 bogie |
The distance between P and D is 1100 km. Assume that the train does not stop at any station unless otherwise indicated.
The running cost per kilometre:
AC - bogie – ₹ 25, non-AC-bogie – ₹ 10
What is the approximate profit for the railways if the X-expressway runs at full occupancy on a particular day?
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Directions: Read the following information carefully and answer the questions that follow:
A train journey from P to D by an X-express has 4 classes of fares
| Class | Fare | Berths per bogie | Train Composition |
| :--- | :--- | :--- | :--- |
| 3 tier | ₹ 300 | 72 berths per bogie | Train has 8 bogies |
| AC-3 tier | ₹ 898 | 64 berths per bogie | Train has 2 bogies |
| AC-2 tier | ₹ 1388 | 45 berths per bogie | Train has 2 bogies |
| AC-first class | ₹ 2691 | 26 berths per bogie | Train has 1 bogie |
The distance between P and D is 1100 km. Assume that the train does not stop at any station unless otherwise indicated.
The running cost per kilometre:
AC - bogie – ₹ 25, non-AC-bogie – ₹ 10
The highest revenue for a journey from P to D will always be generated by
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Directions: Read the following information carefully and answer the questions that follow:
A train journey from P to D by an X-express has 4 classes of fares
| Class | Fare | Berths per bogie | Train Composition |
| :--- | :--- | :--- | :--- |
| 3 tier | ₹ 300 | 72 berths per bogie | Train has 8 bogies |
| AC-3 tier | ₹ 898 | 64 berths per bogie | Train has 2 bogies |
| AC-2 tier | ₹ 1388 | 45 berths per bogie | Train has 2 bogies |
| AC-first class | ₹ 2691 | 26 berths per bogie | Train has 1 bogie |
The distance between P and D is 1100 km. Assume that the train does not stop at any station unless otherwise indicated.
The running cost per kilometre:
AC - bogie – ₹ 25, non-AC-bogie – ₹ 10
Assuming full occupancy in all the classes, for a journey between P and D, the profit margin (as a percentage of running costs) of the class showing the lowest profit is approximately
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Nikita bought 30 kg of wheat at the rate of ₹ 9.50 per kg and 40 kg of wheat at the rate of ₹ 8.50 per kg and mixed them. She sold the mixture at the rate of ₹ 8.90 per kg. Her total profit or loss in the transaction was
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One variety of sugar is sold for ₹ 3.20 per kg at a loss of 20% and another variety is sold for ₹ 6 per kg at a gain of 20%. If equal quantities of the two are mixed together and the mixture is sold at ₹ 5.40 per kg, what is the loss or gain percentage?
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Arun purchased 30 kg of wheat at the rate of ₹ 11.50 per kg and 20 kg of wheat at the rate of ₹ 14.25 per kg. He mixed the two and sold the mixture. Approximately what price per kg should he sell the mixture to make 30% profit? (Bank P.O., 2011)
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Padam purchased 30 kg of rice at the rate of ₹ 17.50 per kg and another 30 kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of ₹ 18.60 per kg and made 20% overall profit. At what price per kg did he purchase the lot of another 30 kg rice? (N.M.A.T., 2006)
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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?
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A dealer buys dry fruit at the rate of ₹ 100, ₹ 80 and ₹ 60 per kg. He bought them in the ratio 12 : 15 : 20 by weight. He in total gets 20% profit by selling the first two and at last he finds he has no gain no loss in selling the whole quantity which he had. What was the percentage loss he suffered for the third quantity? (M.A.T., 2007)
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Five litres of water is added to a certain quantity of pure milk costing ₹ 3 per litre. If by selling the mixture at the same price as before, a profit of 20% is made, then what is the amount of pure milk in the mixture? (M.A.T., 2006)
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A milkman cheats his customer in two ways. He mixes 10% water in pure milk and increases the price of milk by 10%. He purchases 20 kg pure milk at a rate of ₹ 15 per kg. His total profit by selling it is (Hotel Management, 2007)
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A dealer professes to sell his goods at cost price but he uses a false weight of 950 grams for a kilogram. The gain percent of the dealer is (R.R.B., 2008)
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Left pan of a faulty balance weighs $100$ grams more than its right pan. A shopkeeper keeps the weight measure in the left pan while buying goods but keeps it in the right pan while selling his goods. He uses only $1$ kg weight measure. If he sells his goods at the listed cost price, what is his gain?
(Civil Services, 2005; Hotel Mgmt, 2007)
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A grocer sells rice at a profit of $10\%$ and uses weights which are $20\%$ less than the market weight. The total gain earned by him will be
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A dishonest dealer sells the goods at $20\%$ loss on cost price but uses $15\%$ less weight. What is his percentage profit or loss?
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