Profit and Loss problems
- 1. The profit earned by a shopkeeper by selling a bucket at a gain of 8% is Rs 28 more than when he sells it at a loss of 8%. The cost price (in Rupees) of the bucket is
Options- A. 170
- B. 190
- C. 175
- D. 165 Also asked in: Bank Exams
Correct Answer: 175
- 2. Cost of 8 pencils, 5 pens and 3 erasers is Rs 111. Cost of 9 pencils, 6 pens and 5 erasers is Rs 130. Cost of 16 pencils, 11 pens and 3 erasers is Rs 221. What is the cost (in Rs) of 39 pencils, 26 pens and 13 erasers?
Options- A. 316
- B. 546
- C. 624
- D. 482 Also asked in: Bank Exams
Correct Answer: 546
- 3. A vendor buys bananas at 7 for Rs 6 and sells at 6 for Rs 7. What will be the result?
Options- A. 36.1% loss
- B. 26.5% profit
- C. 36.1% profit
- D. 26.5% loss Also asked in: Bank Exams
Correct Answer: 36.1% profit
- 4. A miner sells a diamond to a trader at a profit of 40% and the trader sells it to a customer at a profit of 25%. If the customer pays Rs 56 lakhs to buy the diamond, what had it cost the miner (in Rs lakhs)?
Options- A. 30
- B. 28
- C. 25
- D. 32 Also asked in: Bank Exams
Correct Answer: 32
- 5. A grocer had 1600 kgs of wheat. He sold a part of it at 20% profit and the rest at 12% profit, so that he made a total profit of 17%. How much wheat (in kg) did he sell at 20% profit?
Options- A. 600
- B. 1000
- C. 800
- D. 1200 Also asked in: Bank Exams
Correct Answer: 1000
- 6. If 60% discount is offered on the marked price and selling price becomes equal to cost price then what was the % mark up?
Options- A. 100
- B. 250
- C. 150
- D. 40 Also asked in: Bank Exams
Correct Answer: 150
- 7. If a stall sells a pizza at Rs 200 he makes 20% loss if he wants to make 10% profit then at what price (in Rs) should he sell?
Options- A. 250
- B. 300
- C. 275
- D. 325 Also asked in: Bank Exams
Correct Answer: 275
- 8. A wholesaler had 200 dozens of mangoes. He sold some of these mangoes at 20% profit and the rest at 10% profit, so that he made 13% profit on selling all the mangoes. How many mangoes (in dozens) did he sell at 20% profit?
Options- A. 140
- B. 60
- C. 80
- D. 120 Also asked in: Bank Exams
Correct Answer: 60
- 9. On a certain item profit is 120%. If the cost price increases by 10% then what will be the new profit margin (in %) if selling price remains the same?
Options- A. 50
- B. 60
- C. 100
- D. 90 Also asked in: Bank Exams
Correct Answer: 100
- 10. A shopkeeper, sold cocoa seeds at the rate Rs 1330 a kg and bears a loss of 15%. Now if he decides to sell it at Rs 1463 per kg, what will be the result?
Options- A. 13 percent loss
- B. 6.5 percent gain
- C. 6.5 percent loss
- D. 13 percent gain Also asked in: Bank Exams
Correct Answer: 6.5 percent loss
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