Profit and Loss problems
- 1. If the cost price of 25 pens is equal to the selling price of 20 pens, then the profit percent is
Options- A. 20%
- B. 25%
- C. 15%
- D. 5% Also asked in: Bank Exams
Correct Answer: 25%
- 2. Loss of 20% on selling price is equal to x% loss in cost price. What is x?
Options- A. 20%
- B. 20
- C. 16 2/3%
- D. 16 Also asked in: Bank Exams
Correct Answer: 16 2/3%
- 3. A contractor has got two orders A and B. On one (A) he spends Rs. 25,000 and makes a bill of Rs. 30,500. On the other (B) he makes a bill keeping a profit of 20%. Which of the two orders is more profitable to him?
Options- A. B
- B. A
- C. A nor B
- D. None of the above Also asked in: Bank Exams
Correct Answer: A
- 4. If the loss of percent on article is 15%. Then the ratio of the cost price and sell price will be
Options- A. 17:20
- B. 20:17
- C. 23:15
- D. 15:23 Also asked in: Bank Exams
Correct Answer: 20:17
- 5. A wholesaler sells a jacket to a retailer at a profit of 25% and the retailer sells it to a customer at a profit of 20%. If the customer pays Rs. 2,400, what had it cost (in Rs) the wholesaler?
Options- A. 2000
- B. 1600
- C. 1800
- D. 2250 Also asked in: Bank Exams
Correct Answer: 1600
- 6. A vendor buys 6 bananas for Rs 25 and sells them at 3 for Rs 20. What is his profit percentage?
Options- A. 50
- B. 40
- C. 60
- D. 30 Also asked in: Bank Exams
Correct Answer: 60
- 7. A shopkeeper purchased 510 eggs at the rate of Rs. 20 per dozen. 30 eggs were broken on the way. In order to make a gain of 20%, he must sell the remaining eggs at the rate of
Options- A. Rs. 22.50 per dozen
- B. Rs. 25.50 per dozen
- C. Rs. 26 per dozen
- D. Rs. 26.50 per dozen Also asked in: Bank Exams
Correct Answer: Rs. 25.50 per dozen
- 8. A man buys 3 type-I cakes and 6 type-II cakes for Rs. 900. He sells type-I cakes at a profit of 15% and type-II cakes at a loss of 10%. If his overall profit is Rs.30, the cost price (in Rs.) of a type-I and of a type-II cakes is
Options- A. 100, 100
- B. 160, 70
- C. 180, 60
- D. 120, 90 Also asked in: Bank Exams
Correct Answer: 160, 70
- 9. The ratio of cost price and selling price 25:26. The percent of profit will be
Options- A. 26%
- B. 25%
- C. 1%
- D. 4% Also asked in: Bank Exams
Correct Answer: 4%
- 10. A shopkeeper buys a product of Rs 150 per Kg. 15% of product was damaged. At what price (per Kg) should he sell the remaining so as to earn a profit of 20%?
Options- A. Rs. 207
- B. Rs. 207 11/180
- C. Rs. 211 13/17
- D. Rs. 204 7/13 Also asked in: Bank Exams
Correct Answer: Rs. 211 13/17
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