Time limit: 0
Finish Test
0 of 21 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
Information
- Most Important Multiple Choice Questions
- Online Profit and Loss Exercise with Correct Answer Key and Solutions
- Useful for all Competitive Exams
You have already completed the quiz before. Hence you can not start it again.
Test is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 21 questions answered correctly
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18
- 19
- 20
- 21
- Answered
- Review
- Question 1 of 21
1. Question
By selling an article for Rs 96, double profit is obtained than the profit that would have been obtained by selling it for Rs 84. What is the cost price of the article?
Hint
Let the cost price of the article be Rs x.
Then, 2(84 – x) = 96 – x
168 – 2x = 96 – x
∴ x = Rs 72
- Question 2 of 21
2. Question
The owner of an electronics shop charges his customer 22% more than the cost price. If a customer paid Rs 10,980 for a DVD player, then what was the cost price of the DVD player?
Hint
CP of DVD player = Rs x
According to the question,
x
= Rs 10980
∴ x = 10980 × ⁵⁰⁄₆₁ = Rs 9000
- Question 3 of 21
3. Question
The owner of a stationery shop charges his customers 28% more than the cost price. If a customer paid Rs 4544 for school books, then what was the cost price of the school books?
Hint
Let the cost price be Rs x
Now, according to the question,
= Rs 3550
- Question 4 of 21
4. Question
A shopkeeper purchases 10 kg of rice at Rs 600 and sells at a loss as much the selling price of 2 kg of rice. Find the sale rate of rice/ kg.
Hint
Let S. P. = Rs x per kg
∴ S.P. of 2 kg of rice = Rs 2x = Loss
Now, Loss = C.P. – S.P.
2x = 600 – 10 x
⇒ x = Rs 50 per kg
- Question 5 of 21
5. Question
The owner of a toy shop charges his customers 33% more than the cost price. If the customer paid `4,921 for a toy, then what was the cost price of the toy?
Hint
Required cost price
=
= Rs 3700
- Question 6 of 21
6. Question
Mohan purchased an article and sold it for Rs 2817.50 and earned 15 percent profit on the cost price. What was the cost price of the article?
Hint
Cost price
=
= Rs 2450
- Question 7 of 21
7. Question
The profit earned after selling an article for Rs 1,754 is the same as loss incurred after selling the article for Rs 1,492. What is the cost price of the article?
Hint
Cost price
=
Rs 1623 - Question 8 of 21
8. Question
Prathik sold a music system to Karthik at 20% gain and Karthik sold it to Swasthik at 40% gain. If Swasthik paid `10,500 for the music system, what amount did Prathik pay for the same?
Hint
Required amount
=
= Rs 6250
- Question 9 of 21
9. Question
If the manufacturer gains 10%, the wholesale dealer 15% and the retailer 25%, then find the cost of production of a table, the retail price of which is Rs 1265?
Hint
Let the cost of production of the table be Rs x.
Then, 125% of 115% of 110% of x = 1265
- Question 10 of 21
10. Question
A sells a tube to B at a profit of 20% and B sells it to C at profit of 25 %. If C pays Rs 225 for it, what did A pay for it?
Hint
Let A paid = Rs x
125 % of 120% of x = 225
⇒
⇒
- Question 11 of 21
11. Question
A sells an article which costs him Rs 400 to B at a profit of 20%. B then sells it to C, making a profit of 10% on the price he paid to A. How much does C pay to B?
Hint
C.P. for B = 120% of Rs 400
=
= Rs 480C.P. for C = 110% of Rs 480
=
= Rs 528. - Question 12 of 21
12. Question
The difference between the selling price of a clock at a profit of 8% and 10% is Rs 6. Find the cost price of the clock.
Hint
Let C. P. = Rs x. Then S.P₁ – S.P₂ = Rs 6
⇒ 110 x – 108 x = 600
⇒ 2x = 600 ⇒ x = Rs 300
- Question 13 of 21
13. Question
The price of 2 sarees and 4 shirts is Rs 16000. With the same money one can buy 1 saree and 6 shirts. If one wants to buy 12 shirts, how much shall one have to pay?
Hint
Let the price of one saree and one shirt be Rs x and Rs y respectively.
Then, 2x + 4y = 1600
or, x + 2y = 800 … (i)
Also, x + 6y = 1600 … (ii)
Solving equations (i) and (ii), we get
4y = 800 or, y = 200
∴ cost of 12 shirts
= 12 × 200 = Rs 2400
- Question 14 of 21
14. Question
A milk man makes a profit of 20% on the sale of milk. If he were to add 10% water to the milk, by what %would his profit increase?
Hint
Let profit per litre = Rs 20
So, C.P. / litre = Rs 100
S.P. / litre = Rs 120
On adding 10% water to the milk
S.P. / litre
⇒ Profit / litre
%Profit increases = 33.33 – 20 = 13.3
- Question 15 of 21
15. Question
A man sold two steel chairs for Rs 500 each. On one he gains 20% and on other, he loses 12%. How much does he gain or lose in the whole transaction?
Hint
S.P. of the 1st chair = Rs 500, Gain = 20%
∴ C.P. of the 1st chair
=
S.P. of the 2nd chair = Rs 500
Loss = 12%
∴ C.P. of the 2nd chair
=
=
Now S.P. of both the chairs = Rs 1000
C.P. of both the chairs
∴ Net gain = 1000 –
⇒ Gain % =
=
=
(To one place of decimal) - Question 16 of 21
16. Question
A firm of ready-made garments makes both men’s and women’s shirts. Its average profit is 6% of the sales. Its profit in men’s shirts average 8% of the sales and women’s shirts comprise 60% of the output. The average profit per sale rupee in women shirts is
Hint
Women’s shirt comprise 60% of the output.
∴ Men’s shirts comprise (100 – 60)
= 40% of the out put.
∴ Average profit from men’s shirt
= 8% of 40 = 3.2 out of 40
Overall average profit
= 6 out of 100
∴ Average profit from women’s shirts
= 2.8 out of 60 i.e. 0.0466 out of each shirt.
- Question 17 of 21
17. Question
A dealer sold a mixer for Rs 420 at a loss of 12.5%. At what price should he have sold it to gain 12.5%.
Hint
(100 – loss) : S₁ : : (100 + gain) : S₂
∴ (100 – 12.5) : 420 : : (100 + 12.5) : S₂
87.5 : 420 : : 112.5 : S₂
⇒ 87.5 × S₂ = 420 × 112.5
⇒
- Question 18 of 21
18. Question
A cycle agent buys 30 bicycles, of which 8 are first grade and the rest are second grade for Rs 3150. Find at what price he must sell the first grade bicycles so that if he sells the second grade bicycles at third quarter of the price, he may make a profit of 40% on both the type of transactions?
Hint
Let the price of first grade cycles be Rs x each and that of second grade cycles be Rs y each.
Now, 8x + 22y = 3150
Let he sells A grade cycle at a rate of Rs z per bicycle. Then,
⇒ 32z + 66z = 17640
⇒ 98z = 17640 or z = 180
He should sell the first grade bicycles at a rate of Rs 180.
- Question 19 of 21
19. Question
John sold a fan at a loss of 7%. If he had sold it for Rs 48 more, he would have gained 5%. Find the cost price of the fan.
Hint
Let C.P. = Rs x. Then,
S.P.
Also,
⇒ 93x + 4800 = 105x
⇒ 12x = 4800
⇒ x = Rs 400
- Question 20 of 21
20. Question
A man bought a horse and a carriage for Rs 3000. He sold the horse at a gain of 20% and the carriage at a loss 10%, thereby gaining 2% on the whole. Find the cost of the horse.
Hint
Let the C.P. of horse = Rs x
Then the C.P. of carriage = Rs (3000 – x)
20% of x – 10% of (3000 – x) = 2% of 3000
⇒ 2x – 3000 + x = 600
⇒ 3x = 3600
⇒ x = 1200
- Question 21 of 21
21. Question
Two electronic musical instruments were purchased for Rs 8000. The first was sold at a profit of 40% and the second at loss of 40%. If the sale price was the same in both the cases, what was the cost price of two electronic musical instruments?
Hint
Here, SP₁ = SP₂
⇒ 140 CP₁ = 60CP₂
⇒
and CP₂ = 8000 – 2400 = Rs 5600