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 37 Profit & Loss Set 1 Profit & Loss Set 1 1 / 10 A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%? 6 3 5 4 2 / 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. Only II All the three are required I and III Only I Question cannot be answer even with information in all the three statements. 3 / 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? 5.6 6.5 4.5 3.5 4 / 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. Only II and III All I, II and III Only I and II None of these Only I and III 5 / 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% loss 100/7 % gain 100/7 % loss 15 % gain 6 / 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 Only I is necessary Either I or II is necessary None of these Only II is necessary Both I and II are necessary 7 / 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 % 32/7 % 10 % 60/11 % 8 / 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. 55 Rs. 60 Rs. 45 Rs. 50 9 / 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. 72 Rs. 70 Rs. 18.20 Rs. 88.25 10 / 10 If selling price is doubled, the profit triples. Find the profit percent. 120 100 316/3 200/3 Your score is The average score is 51% LinkedIn Facebook Twitter 0% Restart quiz Profit & Loss Practice Set 2 26 Profit & Loss Set 2 Profit & Loss Set 2 1 / 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? 40.33% 30.33% 35.33% 33.33% 2 / 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: 5% None of these 8% No profit, no loss 10% 3 / 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. 25,300 Rs. 25,800 Rs. 22,500 Rs. 21,000 4 / 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. 2200 Rs. 2000 Rs. 2400 5 / 10 Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is: 65% 44% 30% 100/3% 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 Both I and II are necessary Only I is necessary Only II is necessary None of these 7 / 10 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: 15 16 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. Only I and III None of these Any two of the three Only II and III Only I and II 9 / 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? 100% 30% 70% 250% 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. 1202 Rs. 1160 Rs. 1090 Rs. 1190 Your score is The average score is 50% LinkedIn Facebook Twitter 0% Restart quiz Profit & Loss Practice Set 3 13 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? 12.5 % 10 % 18 % 14 % 2 / 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. 102 Rs. 96 Rs. 90 Rs. 84 3 / 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. 280 Rs. 260 Rs. 275 Rs. 285 4 / 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 %? 42 % 20 % 10 % 25 % 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 / kg Rs. 8.5 / kg Rs. 9 / kg Rs. 10 / kg 6 / 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. 150 Rs. 132 Rs. 192 Rs. 180 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? 3.8% 1.2% 5.5% 4.5% 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. 86 Rs. 88 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? 6.25 % gain 4% loss 6.25 % loss 4% profit 10 / 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. 395 Rs. 385 Rs. 390 Your score is The average score is 48% LinkedIn Facebook Twitter 0% Restart quiz Profit & Loss Practice Set 4 8 Profit & Loss Set 4 Profit & Loss Set 4 1 / 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? 136 : 135 73 : 77 19 : 11 143 : 144 2 / 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. 3,650 Rs. 3,000 Rs. 4,800 Rs. 3,200 3 / 10 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, 375 288, 452 296, 444 324, 416 4 / 10 If a retailer marks up his price by 30 % and then allows a 30 % discount, what is his percentage profit or loss? 8% loss 9 % loss 8 % gain 9 % gain 5 / 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. 4,200 Rs. 3,200 Rs. 4,600 Rs. 3,600 6 / 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. 480 Rs. 460 Rs. 500 Rs. 520 7 / 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 % gain 0.25 % loss 25 % loss 25 % gain 8 / 10 If selling price is doubled, the profit triples. Find the profit percent ? 100% 200% 400% 300% 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. 285 Rs. 240 Rs. 190 Rs. 305 10 / 10 If an article is sold at a loss of 66 2/3%, what is the loss in terms of the selling price? 100% 50% 150% 200% Your score is The average score is 35% LinkedIn Facebook Twitter 0% Restart quiz Profit & Loss Practice Set 5 12 Profit & Loss Set 5 Profit & Loss Set 5 1 / 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. 180 Rs. 132 Rs. 192 Rs. 150 2 / 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% 5% No profit, no loss 8% 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? 5.5% 3.8% 1.2% 4.5% 4 / 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 5 / 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: Neither loss nor profit 1% gain 1% loss 10% loss 6 / 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 %? 10 % 42 % 20 % 25 % 7 / 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 ? 18 16 20 22 8 / 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 16.50 Rs 27.50 Rs 11 Rs 1.10 9 / 10 If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ? 60% 30% 12% 50% 10 / 10 A shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is. 20% 21% 22% 23% Your score is The average score is 48% LinkedIn Facebook Twitter 0% Restart quiz RELATED ARTICLESMORE FROM AUTHOR Echosounders on Ship – Principle of Operation | Multibeam Echo Sounders centrifugal pump mcqs questions Pipes & Cistern Practice Sets LEAVE A REPLY Cancel reply Please enter your comment! Please enter your name here You have entered an incorrect email address! 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