Profit and Loss problems
- 1. If the selling price is tripled and cost price doubled the profit would become 65%. What is the present profit (in %)?
Options- A. 20
- B. 15
- C. 25
- D. 10 Also asked in: Bank Exams
Correct Answer: 10
- 2. A vendor sells a coconut at Rs 24 and suffers 24% loss. If he wants to make 14% profit, then at what price (in Rs) should he sell?
Options- A. 32
- B. 30
- C. 36
- D. 28 Also asked in: Bank Exams
Correct Answer: 36
- 3. A villager buys a goat and a sheep together for Rs 14,250. He sold the sheep at a profit of 10% and the goat at a loss of 20%. If he sold both the animals at the same price , then what was the cost price of the cheaper animal?
Options- A. 8250
- B. 6600
- C. 7500
- D. 6000 Also asked in: Bank Exams
Correct Answer: 6000
- 4. A wholesaler sells a watch to a retailer at a profit of 8% and the retailer sells it to a customer at a profit of 12%. If the customer pays Rs. 8,448 what had it cost (approximately) to the wholesaler (in Rs)?
Options- A. 6984
- B. 6082
- C. 7120
- D. 7022 Also asked in: Bank Exams
Correct Answer: 6984
- 5. A trader had 2000 kgs of rice. He sold a part of it at 10% profit and the rest at 16% profit, so that he made a total profit of 14.2%. How much rice (in kg) did he sell at 10% profit?
Options- A. 1400
- B. 600
- C. 800
- D. 1000 Also asked in: Bank Exams
Correct Answer: 600
- 6. The marked price of an article is 10/7 of the cost price and the selling price of that article is 4/5 of the marked price. What is the profit percentage?
Options- A. 17.24
- B. 16.66
- C. 14.28
- D. 15.42 Also asked in: Bank Exams, GATE, Bank Clerk, Bank PO
Correct Answer: 14.28
- 7. By selling a used phone for Rs.7260 Sanjan got 34% less than what it cost him to buy it a few years ago.At what price should Sanjan have sold the phone to gain a profit of 5%?
Options- A. ? 11,460
- B. ? 11,480
- C. ? 11,440
- D. None Discuss
Correct Answer: None
- 8. Mr. Rajesh buys a toy for Rs. 27.50 and sells it for Rs. 28.60. Find the gain %.
Options- A. 5%
- B. 4%
- C. 6%
- D. 3% Also asked in: Bank Exams
Correct Answer: 4%
- 9. Anmol soldtwo items for Rs 1000 each. On one, he gained 10% and on other, he lost 10%. How much did he gain or lose in the whole transaction?
Options- A. profit,0.95%
- B. loss,1%
- C. profit,10%
- D. loss,10% Discuss
Correct Answer: loss,1%
Explanation:
Let the two item be A and B.
Cost price of A be x and cost price of B be y.
A sold for Rs 1000 on 10 % gain = 1.1x =1000
x= 1000/1.1 = 909.09
B sold for Rs. 1000 on 10% loss = 0.9y =1000y= 1000/0.9 = 1111.11
Total cost price of A and B = 2020.20
Selling price of A and B = 2000
Loss % = (2020.20 ?2000)/2000 X 100
= 1.01 % loss
- 10. If the selling price is doubled, the profit triples. The profit percent is
Options- A. 66.6%
- B. 150%
- C. 100%
- D. 190% Discuss
Correct Answer: 100%
Explanation:
Let CP be x and SP be y.
3(y ?x) = (2y ?x)y = 2x
Profit = y ?x = 2x ?x = x
Profit% = x/x X 100 = 100%
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