Profit and Loss problems
- 1. A trader had 6 quintals of wheat. He sold a part of it at 7% profit and the rest at 17% profit, so that he made a total profit of 11%. How much wheat did he sell at 17% profit?
Options- A. 360 kg
- B. 240 kg
- C. 120 kg
- D. 480 kg Also asked in: Bank Exams
Correct Answer: 240 kg
- 2. Raheem sells a machine for Rs 48 lakhs at a loss. Had he sold it for Rs 60 lakh, his gain would have been 5 times the former loss. Find the cost price of the machine.
Options- A. Rs 58 lakhs
- B. Rs 69.6 lakhs
- C. Rs 42 lakhs
- D. Rs 50 lakhs Also asked in: Bank Exams
Correct Answer: Rs 50 lakhs
- 3. If the selling price of 40 articles is equal to the cost price of 50 articles, the loss or gain percent is
Options- A. 25% gain
- B. 20% gain
- C. 25% loss
- D. 20% loss Also asked in: Bank Exams
Correct Answer: 25% gain
- 4. When a discount of 20% is given on an African safari ticket, the profit is 43%. If the discount is 28%, then the profit is
Options- A. 71 percent
- B. 113.3 percent
- C. 13.6 percent
- D. 28.7 percent Also asked in: Bank Exams
Correct Answer: 28.7 percent
- 5. A shopkeeper, sold dried apricots at the rate Rs 1210 a kg and bears a loss of 12%. Now if he decides to sell it at Rs 1331 per kg, what will be the result?
Options- A. 6.4 percent loss
- B. 3.2 percent gain
- C. 6.4 percent gain
- D. 3.2 percent loss Also asked in: Bank Exams
Correct Answer: 3.2 percent loss
- 6. When a discount of 20% is given on a movie ticket, the profit is 34%. If the discount is 15%, then the profit is
Options- A. 49 percent
- B. 42.375 percent
- C. 55.625 percent
- D. 35.75 percent Also asked in: Bank Exams
Correct Answer: 42.375 percent
- 7. A store sells a watch for a profit of 25% of the cost. Then the percentage of profit against selling price is
Options- A. 22%
- B. 20%
- C. 18%
- D. 15% Also asked in: Bank Exams
Correct Answer: 20%
- 8. A shopkeeper by selling 17 Omega watches, earns a profit equal to the selling price of 7 Omega watches. What is his profit percentage?
Options- A. 41.1 percent
- B. 82.2 percent
- C. 70 percent
- D. 12.2 percent Also asked in: Bank Exams
Correct Answer: 70 percent
- 9. A shopkeeper by selling 13 Titan watches, earns a profit equal to the selling price of 3 Titan watches. His profit percentage is
Options- A. 30 percent
- B. 23.0 percent
- C. 46 percent
- D. 16 percent Also asked in: Bank Exams
Correct Answer: 30 percent
- 10. A wholesaler sells a jacket to a retailer at a profit of 5% and the retailer sells it to a customer at a profit of 10%. If the customer pays Rs. 4158, what had it cost (in Rs) to the wholesaler?
Options- A. 3500
- B. 3400
- C. 3300
- D. 3600 Also asked in: Bank Exams
Correct Answer: 3600
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