Profit and Loss Practice Questions

Q1. A man wanted to sell an article with 20% profit, but he actually sold at 20% loss for Rs 480. At what price (Rs) he wanted to sell it to earn the profit?

a) 720 b) 840 c) 600 d) 750

Q2. The cost price of 36 books is is equal to the selling price of 30 books. The gain per cent is:

a) 20% b) 50/3 % c) 18% d) 24%

Q3 A person sells two machines at Rs 396 each. One one he gains 10% and on the other he loses 10%. His profit or loss in the whole transaction is:

a) No gain no loss b) 1% loss c) 1% profit d) 8% profit

Q4. A house and a shop were sold for Rs 1 lakh each. In this transaction, the house sale resulted into 20% loss whereas the shop sale into 20% profit. The entire transaction resulted in

a) No loss no gain b) gain of Rs 1/24 lakh c) Loss of Rs 1/12 lakh d) Loss of Rs 1/18 lakh

Q5. A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs 225 /- for it, the cost price of the bicycle for A is:

a) Rs 110/- b) Rs 125 /- c) Rs 120 /- d) Rs 150/-

Q6. 12 copies of a book were sold for Rs 1800/- thereby gaining cost-price of 3 copies. The cost price of a copy is:

a) Rs 120 b) 150 c) RS 1200 d) Rs 1500

Q7. If a man estimates his loss as 20% of the selling price, then his loss per cent is:

a) 20% b) 25% c) 40/3% d) 50/3%

Q8. If I would have purchased 11 articles for Rs 1o and sold all the articles at the rate of 10 for Rs 11, the profit per cent would have been:

a) 10% b) 11% c) 21% d) 100%

Q9. An article is sold at a loss of 10%. Had it been sold for Rs 9 more, there would have been a gain of 25/2% on it. The cost price of the article is:

a) Rs40 b) RS 45 c) Rs 50 d) RS 35

Q10. A man buys a cycle for Rs 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

a) Rs 1202 b) Rs 1190 c) Rs 1160 d) RS 1000

Q11. The ratio of cost price and selling price is 5: 4, the loss percent is:

a) 20% b0 25% c) 405 d) 50%

Q12.A person buys some pencils at 5 for a rupee and sells them at 3 for a rupee. His gain percent will be:

a) 200/3 b) 230/3 c) 170/3 d) 140/3

Q13. If selling price of an article is 8/5 times its cost price, the profit per cent on it is

a) 120% b) 160% c) 40% d) 60%

Q14. The price of coal is increased by 20%. By what percent a family should decrease its consumption so that expenditure remains same?

a) 40% b) 70/3% c) 20% d) 50/3%

Q15: 100 oranges are bought for Rs 350 and sold at the rate of Rs 48 per dozen. The percentage of profit or loss is:

a) 15% loss b) 15% gain c) 100/7% loss d) 100/7% profit

Q16. A reduction of 20% in the price of salt enables a purchaser to obtain 4 kg more for Rs 100. The reduced price of salt per kg is:

a) Rs 4 b) Rs 5 c) Rs 6.25 d) Rs 6.50

Q17. A person sells a table at a profit of 10%. If he had bought the table at 5% less cost and sold for rs 80 more, he would have gained 20%. The cost price of the table is

a) Rs 3200 b) Rs 2500 c) Rs 2000 d) Rs 200

Q18. A person sells an article for Rs 75 and gains as much per cent as the cost price of the article in rupees. The cost price of the article is:

a) Rs 37.50 b) Rs 40 c) Rs 50 d) RS 150

Q19. A man had 100 kgs of sugar part of which he sold at 7% profit and rest at 17% profit. He gained 10% on the whole. How much did he sell at 7% profit?

a) 65 kg b) 35 kg c) 30 kg d) 70 kg

Q20. A person bought some articles at the rate of 5 per rupee and the same number at the rate of 4 per rupee. He mixed both the types and sold at the rate of 9 for 2 rupees. In this business, he suffered a loss of rs 3. The total number of articles bought by him was:

a) 1090 b) 1080 c) 540 d) 545

Q21. A shopkeep gains 20% while buying the goods and 30% while selling them. Find his total gain percent.

a) 505 b) 36% c) 56% d) 40%

Q22. The percentage of loss, when an article is sold at rs 50 is the as that of the profit when it is sold at Rs 70. The above-mentioned percentage of profit or loss on the article is

a) 10% b) 50/3% c) 20% d) 68/3