Home Uncategorized Profit & Loss Practice Sets Uncategorized Profit & Loss Practice Sets By Sanjeev Kumar - July 20, 2021 Facebook Twitter Google+ Pinterest WhatsApp Profit & Loss Practice Set 1 24 Profit & Loss Set 1 Profit & Loss Set 1 1 / 10 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?1.Sale price if the article2.Number of Article sold Both I and II are necessary Only II is necessary Either I or II is necessary None of these Only I is necessary 2 / 10 By selling an article what is the profit percent gained?1.5% discount is given on list price.2.If discount is not given, 20% profit is gained.3.The cost price of the articles is Rs. 5000. All I, II and III Only I and III Only II and III None of these Only I and II 3 / 10 What is the percent profit earned by the shopkeeper on selling the articles in his shop?1.Labeled price of the articles sold was 130% of the cost price.2.Cost price of each article was Rs. 550. 3. A discount of 10% on labeled price was offered. Question cannot be answer even with information in all the three statements. I and III Only II All the three are required Only I 4 / 10 100 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: 15 % gain 100/7 % gain 100/7 % loss 15% loss 5 / 10 A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%? 5 4 6 3 6 / 10 Sohan 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: 12 % 60/11 % 32/7 % 10 % 7 / 10 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: Rs. 45 Rs. 60 Rs. 55 Rs. 50 8 / 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? Rs. 88.25 Rs. 72 Rs. 18.20 Rs. 70 9 / 10 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? 6.5 5.6 4.5 3.5 10 / 10 If selling price is doubled, the profit triples. Find the profit percent. 120 316/3 200/3 100 Your score is The average score is 53% LinkedIn Facebook Twitter 0% Restart quiz Profit & Loss Practice Set 2 15 Profit & Loss Set 2 Profit & Loss Set 2 1 / 10 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: 10% None of these No profit, no loss 8% 5% 2 / 10 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? Data insufficient. Rs. 2000 Rs. 2200 Rs. 2400 3 / 10 A person buys a horse for 15 pounds. After one year, he sells it for 20 pounds. After one year, again he buys the same horse at 30 pounds and sells it for 40 pounds. What is the overall profit percent for that person over both the transactions? 35.33% 40.33% 33.33% 30.33% 4 / 10 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%? Rs. 22,500 Rs. 25,800 Rs. 25,300 Rs. 21,000 5 / 10 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? 70% 100% 30% 250% 6 / 10 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?1.Number of toys sold. 2.Cost price of each toy. Either I or II ins necessary Only II is necessary Only I is necessary None of these Both I and II are necessary 7 / 10 The cost price of 20 articles is the same as the selling price ofÂ xÂ articles. If the profit is 25%, then the value ofÂ xÂ is: 16 15 25 18 8 / 10 What was the percentage of discount given?1.23.5% profit was earned by selling an almirah for Rs. 12,350.2.If there were no discount, the earned profit would have been 30%.3.The cost price of the almirah was Rs. 10,000. None of these Only I and III Only II and III Only I and II Any two of the three 9 / 10 Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is: 30% 44% 65% 100/3% 10 / 10 A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle? Rs. 1160 Rs. 1090 Rs. 1190 Rs. 1202 Your score is The average score is 53% LinkedIn Facebook Twitter 0% Restart quiz Profit & Loss Practice Set 3 5 Profit & Loss Set 3 Profit & Loss Set 3 1 / 10 A tradesman marks his goods 25% above the cost price and allows his customers 12 % reduction on their bills. What percent profit does he make? 10 % 12.5 % 14 % 18 % 2 / 10 What profit percent is made by selling an article at a certain price if by selling at four-fifth of that price there may be a loss of 12 %? 25 % 10 % 42 % 20 % 3 / 10 A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper? 3.8% 1.2% 4.5% 5.5% 4 / 10 Profit after selling a commodity for Rs. 425 is same as loss after selling it for Rs.355. The cost of the commodity is: Rs. 400 Rs. 385 Rs. 395 Rs. 390 5 / 10 Parveen bought 80 kg of rice for Rs. 760 and sold it at a loss of as much money as he received for 15 kg rice. At which price did he sell the rice? Rs. 8.5 / kg Rs. 10 / kg Rs. 9 / kg Rs. 8 / kg 6 / 10 A trader sells 85 m of cloth for Rs. 8,925 at the profit of Rs. 15/m of cloth. What is the cost price of 1 m of cloth? Rs. 84 Rs. 102 Rs. 96 Rs. 90 7 / 10 A person sold a pen at Rs. 96 in such a way that his percentage profit is same as the cost price of the watch. If he sells it at twice the percentage profit of its previous percentage profit then new selling price will be? Rs. 192 Rs. 150 Rs. 180 Rs. 132 8 / 10 Bhajan Singh purchased 120 reams of paper at Rs. 80 per ream. He spent Rs. 280 on transportation. Paid octrai at the rate of 40 paise per ream and paid Rs. 72 to the coolie. If he wants to have a gain of 8 %. What must be the selling price per ream? Rs. 88 Rs. 86 Rs. 92 Rs. 90 9 / 10 A real estate agent sells two sites for Rs. 18000 each. On one he gains 25% and on the other he loses 25 %. What is his loss or gain percent? 4% profit 4% loss 6.25 % loss 6.25 % gain 10 / 10 Amit bought 160 shirts at the rate of Rs. 225/shirt. The transport expenditure was Rs. 1,400. He paid an octroi at the rate of Rs. 1.75/shirt and labour charges were Rs. 320. What should be the selling price of 1 shirt, if he wants a profit of 20%? Rs. 275 Rs. 285 Rs. 280 Rs. 260 Your score is The average score is 52% LinkedIn Facebook Twitter 0% Restart quiz Profit & Loss Practice Set 4 4 Profit & Loss Set 4 Profit & Loss Set 4 1 / 10 By selling an article at Rs. 800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%? Rs. 460 Rs. 500 Rs. 480 Rs. 520 2 / 10 Â If a retailer marks up his price by 30 % and then allows a 30 % discount, what is his percentage profit or loss? 9 % gain 8% loss 9 % loss 8 % gain 3 / 10 Â A man purchases two pens for Rs. 740. He sells one at 12 % profit and the other at a 8 % loss. Then he neither gains nor loses. Find the cost price of each pen (in Rs.). 365, 375 324, 416 296, 444 288, 452 4 / 10 A man sold two houses for Rs. 7.8 lakhs each. On the one, he gained 5% and on the other, he lost 5%. What percent is the effect of the sale on the whole? 0.25 % loss 25 % loss 0.25 % gain 25 % gain 5 / 10 A and B, there are two companies, selling the packs of cold-drinks. For the same selling price A gives two successive discounts of 10% and 25%. While B sells it by giving two successive discounts of 15% and 20%. What is the ratio of their marked price? 19 : 11 143 : 144 136 : 135 73 : 77 6 / 10 If selling price is doubled, the profit triples. Find the profit percent ? 400% 100% 300% 200% 7 / 10 If an article is sold at a loss of 66 2/3%, what is the loss in terms of the selling price? 100% 150% 200% 50% 8 / 10 If two mixers and one T.V cost Rs. 7000. While two T.V s and one mixer cost Rs. 9800. The value of one T.V is: Rs. 4,600 Rs. 3,200 Rs. 3,600 Rs. 4,200 9 / 10 An article is sold at 25% profit. If the CP and the SP of the article are increased by Rs 60 and Rs 30 respectively, the profit% decreases by 15%. Find the cost price of the article. Rs. 190 Rs. 305 Rs. 240 Rs. 285 10 / 10 Divya made a profit of 25% when selling a Salwar Kameez at Rs. 4,000. Find the cost price of the same dress. Rs. 3,200 Rs. 3,650 Rs. 4,800 Rs. 3,000 Your score is The average score is 33% LinkedIn Facebook Twitter 0% Restart quiz Profit & Loss Practice Set 5 5 Profit & Loss Set 5 Profit & Loss Set 5 1 / 10 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 ? 22 20 18 16 2 / 10 What profit percent is made by selling an article at a certain price if by selling at four-fifth of that price there may be a loss of 12 %? 25 % 20 % 10 % 42 % 3 / 10 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: No profit, no loss 10% 5% 8% 4 / 10 A dealer sold two of his cattle for Rs. 500 each. On one of them he lost 10% on the other, he gained 10%. His gain or loss percent in the entire transaction was: 1% gain Neither loss nor profit 10% loss 1% loss 5 / 10 Divya made a profit of 25% when selling a Salwar Kameez at Rs. 4,000. Find the cost price of the same dress. Rs. 3,000 Rs. 3,200 Rs. 3,650 Rs. 4,800 6 / 10 Ajay bought 15 kg of dal at the rate of Rs 14.50 per kg and 10 kg at the rate of Rs 13 per kg. He mixed the two and sold the mixture at the rate of Rs 15 per kg. What was his total gain in this transaction ? Rs 1.10 Rs 27.50 Rs 11 Rs 16.50 7 / 10 A shopkeeper bought 150 pen drives at the rate of Rs. 500 per pen drive. He spent Rs. 500 on transportation and packing. If the marked price of pen drive is Rs. 520 per pen drive and the shopkeeper gives a discount of 5% on the marked price then what will be the percentage profit gained by the shopkeeper? 1.2% 4.5% 5.5% 3.8% 8 / 10 A person sold a pen at Rs. 96 in such a way that his percentage profit is same as the cost price of the watch. If he sells it at twice the percentage profit of its previous percentage profit then new selling price will be? Rs. 192 Rs. 150 Rs. 132 Rs. 180 9 / 10 A shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is. 22% 21% 23% 20% 10 / 10 If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ? 12% 50% 60% 30% Your score is The average score is 28% LinkedIn Facebook Twitter 0% Restart quiz RELATED ARTICLESMORE FROM AUTHOR centrifugal pump mcqs questions Pipes & Cistern Practice Sets Simple Interest Practice Sets LEAVE A REPLY Cancel reply Please enter your comment! Please enter your name here You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment.