Profit and Loss problems
- 1. The shopkeepers announce the same price of Rs. 700 for a sewing machine. The first offers successive discounts of 30% and 6% while the second offers successive discounts of 20% and 16%. The difference in their selling price is
Options- A. Rs. 9.8
- B. Rs. 16.8
- C. Rs. 22.4
- D. Rs. 36.4 Also asked in: Bank Exams
Correct Answer: Rs. 9.8
- 2. 12 copies of a book were sold for Rs. 1800 thereby gaining cost price of 3 copies. The cost price of a copy of the book is
Options- A. Rs. 120
- B. Rs. 150
- C. Rs. 1200
- D. Rs. 1500 Also asked in: Bank Exams
Correct Answer: Rs. 120
- 3. For an article the profit is 190% of the cost price. If the cost price increase by 10% but the selling price remains same, then profit is what percentage of selling price (approximately)?
Options- A. 54
- B. 62
- C. 73
- D. 163 Also asked in: Bank Exams
Correct Answer: 62
- 4. In what ratio sugar at Rs 30/kg should be mixed with sugar at Rs 45/kg so that on selling the mixture at Rs 42/kg there is a profit of 20%?
Options- A. 2 : 1
- B. 2 : 3
- C. 5 : 2
- D. 3 : 7 Also asked in: Bank Exams
Correct Answer: 2 : 1
- 5. A dealer sells two machines at Rs 12000 each. On one it gains 32% and on the other it looses 32%. What is its profit/loss percentage in the whole transaction?
Options- A. No gain and no loss
- B. 1% loss
- C. 18% profit
- D. 10.24% loss Also asked in: Bank Exams
Correct Answer: 10.24% loss
- 6. If the profit is 20%, then what will be the ratio of cost price to selling price respectively?
Options- A. 4 : 5
- B. 5 : 6
- C. 2 : 5
- D. 3 : 4 Discuss
Correct Answer: 5 : 6
- 7. The marked price of an article is 40% more than its cost price. If 15% discount is given on the marked price, then what will be the profit percentage?
Options- A. 25
- B. 15
- C. 21
- D. 19 Also asked in: Bank Exams
Correct Answer: 19
- 8. A trader allowed a discount of 15% on a trolley bag having list price of Rs 1360 and earns a profit of 15.6%. What is the cost price (in Rs) of the trolley bag?
Options- A. 1000
- B. 1005
- C. 1050
- D. 1156 Also asked in: Bank Exams
Correct Answer: 1000
- 9. Mohit sells a table at a profit of 25%. If he reduces its selling price by Rs 240, then he suffers a loss of 5%. What was the initial selling price (in Rs) of the table?
Options- A. 800
- B. 1000
- C. 1040
- D. 1120 Also asked in: Bank Exams
Correct Answer: 1000
- 10. Rajeev sells a machine for Rs 55 lakhs at a loss. Had he sold it for Rs 67 lakh, his gain would have been 5 times the former loss. Find the cost price of the machine.
Options- A. Rs 65 lakhs
- B. Rs 57 lakhs
- C. Rs 78 lakhs
- D. Rs 49 lakhs Also asked in: Bank Exams
Correct Answer: Rs 57 lakhs
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