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Profit and Loss Questions & Answers

Practice crucial Profit and Loss questions to improve understanding. Profit and Loss questions and answers carry a high weightage at the examination and should be prepared on a daily basis.

Q21

Q21 A cow and a horse are bought for Rs 200000. The cow is sold at a profit of 20% and the horse at a loss of 10%. The overall gain​ is Rs 4000. The cost price of cow is

A

Rs 96000

B

Rs 80000

C

Rs 104000

D

Rs 108000

Q22

Q22 A trader has 600kgs of rice , a part of which he sells at 15% profit and the remaining quantity at 20% loss. On the whole , he incurs an overall loss of 6% .What is the quantity of rice he sold at 20% loss?

A

Rs 960

B

Rs 360

C

Rs 560

D

Rs 460

Q23

Q23 By selling 12 oranges for Rs 60 a man losses 25%. The number of oranges he has to sell for Rs 100 so as to gain 25% is?

A

9

B

11

C

15

D

12

Q24

Q24 A Shopkeeper buys two bicycles for Rs. 750. He sells first bicycle at a profit of 22% And the second bicycle at a loss of 8%. What is the SP of first bicycle if in the Whole transaction there is no profit no loss?

A

Rs. 176

B

Rs. 198

C

Rs. 220

D

Rs. 244

Q25

Q25 Ajay marks his good 20% above the cost price and sells then at a discount of 10%. If he gains Rs. 420, find the cost price of the goods.

A

Rs. 4200

B

Rs. 4900

C

Rs. 5250

D

Rs. 5600

Q26

Q26 A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a Particularly sticky bargainer. How much Percent above the cost price were his Wares listed?

A

100%

B

80%

C

75%

D

66.66%

Q27

Q27 Raman calculates his profit % on the selling price whereas Rajeev calculates his on the cost price. They find that the difference of their profits Rs.150. If the selling price of both them are the same and both of them get 50% profit. Find their selling price.

A

900

B

400

C

500

D

800

Q28

Q28 A businessman sells a commodity at 10% profit. If he had bought it 10% less and sold it for rs2 less, then he would have gained 16(2/3)%. What is the cost price of the commodity?

A

25

B

40

C

20

D

50

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