Profit and Loss Questions for SSC, Bank, UPSC, TNPSC Exams - 1
Question: 1
A shopkeeper bought an article for Rs.2090.42. Approximately, what will be the percentage profit if he sold that article for Rs.2602.58?
(A) 15%
(B) 25%
(C) 28%
(D) 35%
Ans: B
Profit = Rs. (2602.58 - 2090.42) = Rs. 512.16
Profit % = $$({512.16}/{2090.42} × 100)$$%
= $$({512160} / {209042} × 10)$$%
= 24.5% ≈ 25%.
Question: 2
A man sells two houses at the rate of Rs. 1.995 lakhs each. On one gains 5%, and on the other he loses 5%. His gain or loss percent in the whole transaction is
(A) 0.25% gain
(B) 0.25% loss
(C) 2.5% loss
(D) 25% loss
Ans: B
Loss % = $$({5}/{10})$$2 % = 0.25%.
Question: 3
A gold bracelet is sold for Rs.14500 at a loss of 20%. What is the cost price of the gold bracelet?
(A) Rs.15225
(B) Rs.16800
(C) Rs.17400
(D) Rs.18125
Ans: D
S.P. = Rs. 14500, Loss = 20%.
∴ C.P. = Rs. $$({100} / {80} × 14500)$$ = Rs. 18125.
Question: 4
A trader buys a chair for Rs.600 and sells it for Rs.765 at a credit of 4 months. Reckoning money worth 6% p.a., his gain percent is
(A) 20%
(B) 22%
(C) 25%
(D) 29%
Ans: C
C.P. = Rs. $$(600 + {600 × 6 × 4} / {100 × 12})$$ = Rs. 612.
Gain = Rs. (765 – 612) = Rs.153.
∴ Gain % = $$({153} / {612} × 100)%$$ = 25%.
Question: 5
If by selling 110 mangoes, the C.P. of 120 mangoes is realised, the gain percent is
(A) $$9{1}/{9}$$%
(B) $$9{1}/{11}$$%
(C) $$10{10}/{11}$$%
(D) $$11{1}/{9}$$%
Ans: B
Let C.P. of each mango be Rs. 1.
C.P. of 110 mangoes = Rs. 110,
S.P. of 110 mangoes = Rs. 120.
∴ Gain% = $$({10}/{110} × 100)$$% = $$9{1}/{11}$$%.
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