DRDO CEPTAM Profit & loss mcqs notes pdf in English

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Most Important Profit & loss Question Answer

Q : Cost of 24 bats and 32 sticks is Rs 5600. What is the price of 3 bats and 4 sticks?
(A) Rs 1400

(B) Rs 2800

(C) Rs 700

(D) Data Inadequate

(E) None of these

Answer : C

Q : If a chair sold for Rs. 600 at the profit of 20%, then the original price of the chair is:
(A) Rs. 540

(B) Rs. 500

(C) Rs. 480

(D) Rs. 580

Answer : B

Q : If a man estimates his loss as 20% of the selling price, then his loss percent is:
(A) 20%

(B) 25%

(C) 40/3%

(D) 50/3%

Answer : D

Q : A trader bought 10 kg of apples for Rs. 405 out of which 1 kg of apples were found to be rotten. If he wishes to make a profit of 10 % at what rate should he sell the remaining apples per kg?
(A) 49.5

(B) 48

(C) 46

(D) 47

Answer : A

Q : A trader had 2000 kgs of rice. He sold a part of it at 10 % profit and the rest at 16 % profit so that he made a total profit of 14.2%. How much rice (in kg) did he sell at 10 % profit?
(A) 1400

(B) 600

(C) 800

(D) 1000

Answer : B

Q : An oil refinery buys oil at Rs 3600 per barrel. There is 10 % wastage. If the refinery wants to earn 5% profit then at what price should it sell including 8 % tax on selling price? (in Rs per barrel)
(A) 3674

(B) 3711

(C) 4219

(D) 4536

Answer : D

Q : By selling a pen for Rs 105 there is a loss of 30%. At what price (in Rs) the pen must be sold in order to gain 30%?
(A) 215

(B) 165

(C) 195

(D) 200

Answer : C

Q : By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%?
(A) Rs . 910

(B) Rs . 1200

(C) Rs . 1232

(D) Rs . 1300

Answer : D

Q : If an article is sold at 200 % profit then the ratio of its cost price to its selling price will be
(A) 1 : 2

(B) 2 : 1

(C) 1 : 3

(D) 3 : 1

Answer : C

Q : A man buys a table and a chair for 500. He sells the table at a loss of 10 % and the chair at a gain of 10 %. He still gain ₹10 on the whole. The cost price of chair in rupees is
(A) ₹ 200

(B) ₹ 250

(C) ₹ 300

(D) ₹ 350

Answer : C

Q : Profit after selling a commodity for 524 is the same as loss after selling it for Rs. 452. The cost price of the commodity is
(A) 480

(B) 500

(C) 488

(D) 485

Answer : C

Q : A dishonest dealer marks up the price of an article by 15% and gave a discount of 20%. He also uses 900gm instead of 1000gm. Find his profit percent.
(A)

(B)

(C) 10

(D)

(E) 20

Answer : B

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Most Important Profit & loss Question Answer

Q1: By selling 45 lemons for Rs 40, a man loses 20%. How many should he sell for Rs 24 to gain 20% in the transaction?

A) 16 B) 18 C) 20 D) 22

Q2: A trader mixes 26 kg of rice at Rs 20 per kg with 30 kg of rice of other variety at Rs 36 per kg and sells the mixture at Rs 30 per kg. His profit percent is: [Bank PO 2003]

A) No profit no loss B) 5% C) 8% D) 10% E) None of these

Q3: Arun purchased 30 kg of wheat at the rate of Rs 11.50 per kg and 20 kg of wheat at the rate of Rs 14.25 per kg. he mixed the two and sold the mixture. Approximately what price per kg should he sell the mixture to make 30% profit? [Bank PO 1999]

A) Rs 14.80 B) Rs 15.40 C) Rs 15.60 D) Rs 16.30 E) Rs 18.20

Q4: Padam purchased 30 kg of rice at the rate of Rs 17.50 per kg and another 30 kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of Rs 18.60 per kg and made 20% overall profit. At what price per kg did he purchase the lot of another 30 kg rice? [Bank PO 2000]

A) Rs 12.50 B) Rs 13.50 D) Rs 15.50 E) None of these

Q5: A trader mixes three varieties of groundnuts costing Rs 50, Rs 20 and Rs 30 per kg in the ratio 2: 4 : 3 in terms of weight, and sells the mixture at Rs 33 per kg. What percentage of profit does he make? [Hotel Management. 1998]

A) 8% B) 9% C) 10% D) None of these.

Find Your Answers Here
Q1: B), Q2: B), Q3: D), Q4: B), Q5: C)

Q1: Two 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 shopkeeper that offers a better discount, charges ……… less than the other shopkeeper.

A) Rs 9.80 B) Rs. 16.80 C) Rs. 22.40 D) Rs. 36.40

Q2: The marked price of a watch was Rs 720. A man bought the same for Rs. 550.80 after getting two successive discounts, the first being 10%. What was the second discount rate? [SSC 2000]

A) 12% B) 14% C) 15% D) 18%

Q3: A shopkeeper purchased 150 identical pieces of calculators at the rate of Rs 250 each. He spent an amount of Rs. 2500 on transport and packaging. He fixed the labeled price of each calculator at Rs 320. However, he decided to give a discount of 5% on the labeled price. What is the percentage profit earned by him? [Bank PO 1999]

A) 14% B) 15% C) 16% D) 25%

Q4: A trader marked the price of his commodity so as to include a profit of 25%. He allowed a discount of 16% on the marked price. His actual profit was: [SSC 2004]

A) 5% B) 9% C) 16% D) 25%

Q5: A tradesman marks his goods 30% above the C.P. If he allows a discount of 6(1/4) %, then his gain percent is:

A) 21(7/8)% B) 22% C) 23(3/4)% D) None of these.

Q6: The price of an article is raised by 30% and then two successive discounts of 10% each are allowed. Ultimately, the price of the article is: [SSC 2003]

A) decreased by 5.3% B) increased by 3%

C) increased by 5.3% D) increased by 10%

Find Your Answers Here
Q1: A), Q2: B), Q3: A), Q4: A), Q5: A), Q6: C)

Q1: Even after reducing the marked price of a transistor by Rs 32, a shopkeeper makes a profit of 15%. If the cost price be Rs 320, what percentage of profit would he have made if he had sold the transistor at the marked price?

A) 10% B) 20% C) 25% D) None of these

Q2: A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%. What would have been the percentage of profit earned if no discount was offered? [Bank PO 2002]

A) 24.5 B) 28.5 C) 30 D) Data inadequate E) None of these

Q3: Komal buys an article at a discount of 25%. At what percentage above the cost price should he sell it to make a profit of 25% over the original list price?

A) 25 B) 30 C) 40 D) 66.67

Q4: Peter bought an item at 20% discount on its original price. he sold it with 40% increase on the price he bought it. The new sale price is by what percent more than the original price? [Bank PO 2003]

A) 7.5 B) 8 C) 10 D) 12 E) None of these

Q5: Tarun got 30% concession on the labeled price of an article and sold it for Rs. 8750 with 25% profit on the price he bought. What was the labeled price?

A) Rs 10,000 B) Rs 12,000 C) Rs 16,000 D) Data inadequate E) None of these.

Find Your Answers Here
Q1: C), Q2: C), Q3: C), Q4: D), Q5: A)

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