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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