Profit & loss Question Answer in English notes pdf
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Profit & loss Question Answer in English notes pdf Competitive Exams For All Competitive Exams covered thoroughly under the guidance of subject experts. This Profit & loss Question Answer in English notes pdf for Competitive Exams mainly targeting RRB JE, RRB NTPC, SSC CGL & SSC CHSL. Profit & loss Question Answer in English notes pdf for Competitive Exams For All Competitive Exams !! Profit and loss Profit and loss problems involves various terms like cost price, selling price, marked price etc. Basically, it is a difference between selling price and cost price. Cost price is the price paid to purchase an article or a product or we can say it is a cost incurred in manufacturing an article. Selling price is the price at which a product is sold.
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Most Important Mathematics Question Answer
Q 1. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is:
A.
4 4 %
7
B.
5 5 %
11
C. 10%
D. 12%
Answer: Option B
Explanation:
Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.
Selling Price (S.P.) = Rs. 5800.
Gain = (S.P.) – (C.P.) = Rs.(5800 – 5500) = Rs. 300.
Gain % = 300 x 100 % = 5 5 %
5500 11
Q 2. Shopkeeper gave two successive discounts of X% and P% on article C. Find the ratio of value of P to value of X if
the marked price of article C is Rs. 4000 and value of X = 15.
a) 5:4
b) 5:2
c) 5:6
d) 4:5
e) None of these
Q 3. Shopkeeper marked article A for Rs. 4500 and sold it after two successive discounts and the sum of the two
successive discount percents is 45%. Find the difference between the two successive discount percents offered.
a) 10%
b) 15%
c) 12%
d) 6.5%
e) None of these
Q 4. Shopkeeper sold article B and article E after two successive discounts and marked price of article E is Rs. 2500
more than marked price of article B and total marked price of both the articles is Rs. 9500. If one of the discounts
offered on article B and E is 20% and 15%, respectively then find the sum of another discount percents offered on
both articles together.
a) 25%
b) 40%
c) 35%
d) 30%
e) None of these
Q 5. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:
A. 15
B. 16
C. 18
D. 25
Answer: Option B
Q 6. If selling price is doubled, the profit triples. Find the profit percent.
A.
66 2
3
B. 100
C.
105 1
3
D. 120
Answer: Option B
Explanation:
Let C.P. be Rs. x and S.P. be Rs. y.
Then, 3(y – x) = (2y – x) y = 2x.
Profit = Rs. (y – x) = Rs. (2x – x) = Rs. x.
Profit % = x x 100 % = 100%
Q 7. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
A. 30%
B. 70%
C. 100%
D. 250%
Answer: Option B
Q 8. A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
A. 3
B. 4
C. 5
D. 6
Answer: Option C
Q 9. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
A. Rs. 2000
B. Rs. 2200
C. Rs. 2400
D. Data inadequate
Answer: Option A
Q 10. A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
A. Rs. 18.20
B. Rs. 70
C. Rs. 72
D. Rs. 88.25
Answer: Option C
Q 11. 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. 1090
B. Rs. 1160
C. Rs. 1190
D. Rs. 1202
Answer: Option C
Q 12.Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
A. 3.5
B. 4.5
C. 5.6
D. 6.5
Answer: Option C
Q 13. Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:
A. 30%
B.
33 1 %
3
C. 35%
D. 44%
Answer: Option D
Q 14.On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:
A. Rs. 45
B. Rs. 50
C. Rs. 55
D. Rs. 60
Answer: Option D
Q 15. When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?
A. Rs. 21,000
B. Rs. 22,500
C. Rs. 25,300
D. Rs. 25,800
Answer: Option C
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Most Important Mathematics Question Answer
Q 16. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:
A.
14 2 % gain
7
B. 15% gain
C.
14 2 % loss
7
D. 15 % loss
Answer: Option A
Q 17. A shopkeeper sells one transistor for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. His total gain or loss percent is:
A.
5 15 % loss
17
B.
5 15 % gain
17
C.
6 2 % gain
3
D. None of these
Answer: Option B
Q 18. 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:
A. No profit, no loss
B. 5%
C. 8%
D. 10%
E. None of these
Answer: Option B
Q 19. What is the percent profit earned by the shopkeeper on selling the articles in his shop?
I. Labeled price of the articles sold was 130% of the cost price.
II. Cost price of each article was Rs. 550.
III. A discount of 10% on labeled price was offered.
A. Only I
B. Only II
C. I and III
D. All the three are required
E. Question cannot be answer even with information in all the three statements.
Answer: Option C
Q 20. A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage.
I. The rate of X is Rs. 20 per kg.
II. The rate of Y is Rs. 13 per kg.
A. I alone sufficient while II alone not sufficient to answer
B. II alone sufficient while I alone not sufficient to answer
C. Either I or II alone sufficient to answer
D. Both I and II are not sufficient to answer
E. Both I and II are necessary to answer
Answer: Option D
Q 21. By selling a product with 20% profit, how much profit was earned?
I. The difference between cost and selling price is Rs. 40.
II. The selling price is 120 percent of the cost price.
A. I alone sufficient while II alone not sufficient to answer
B. II alone sufficient while I alone not sufficient to answer
C. Either I or II alone sufficient to answer
D. Both I and II are not sufficient to answer
E. Both I and II are necessary to answer
Answer: Option A
Q 22. A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary?
I. Sale price of the article
II. Number of articles sold
A. Only I is necessary
B. Only II is necessary
C. Either I or II is necessary
D. Both I and II are necessary
E. None of these
Answer: Option D
Q 23. A shopkeeper sells some toys at Rs. 250 each. What percent profit does he make? To find the answer, which of the following information given in Statements I and II is/are necessary?
I. Number of toys sold.
II. Cost price of each toy.
A. Only I is necessary
B. Only II is necessary
C. Both I and II are necessary
D. Either I or II ins necessary
E. None of these
Answer: Option B
Q 24. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is:
A.
4 4 %
7
B.
5 5 %
11
C. 10%
D. 12%
Answer: Option B
Q 25. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:
A. 15
B. 16
C. 18
D. 25
Answer: Option B
Q 26.If selling price is doubled, the profit triples. Find the profit percent.
A.
66 2
3
B. 100
C.
105 1
3
D. 120
Answer: Option B
Q 27. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
A. 30%
B. 70%
C. 100%
D. 250%
Answer: Option B
Q 28. A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
A. 3
B. 4
C. 5
D. 6
Answer: Option C
Q 29. A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
A. Rs. 18.20
B. Rs. 70
C. Rs. 72
D. Rs. 88.25
Answer: Option C
Q 30. 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. 1090
B. Rs. 1160
C. Rs. 1190
D. Rs. 1202
Answer: Option C
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