Profit and Loss Practice Set – 1

Mentor for Bank Exams
Dear Aspirants,

Welcome to Mentor for Bank Exams. Here I am sharing Profit and Loss practice set – 1 covering all the important models including some repeated questions asked in the previous exams like SBI PO, SBI Clerk, IBPS PO/Clerk/RRB, SSC exams and other competitive exams.
1. By selling an article for Rs. 720, a man loses 10%. At what price should he sell it to gain 5%?
a) Rs. 840
b) Rs. 890
c) Rs. 1000
d) Rs. 995
e) None of the above
2. A Businessman buys some goods for Rs. 150. If the overhead expenses be 12% of the cost price, at what price should it be sold to earn 10%?
a) Rs. 184.80
b) Rs. 185.80
c) Rs. 187.8
d) Rs. 188.80
e) None of the above
3. Meena purchase two fans each at Rs. 1200. She sold one fan at the loss of 5% and other at the gain of 10%. Find total gain or loss per cent.
a)1.2% loss
b) 1.2% profit
c) 2.5% profit
d) 2.5% loss
e) None of the above
4. Prashant purchased an item for Rs. 4000 and sold it at the gain of 35%. From that amount, he purchased another item and sold it at he loss of 20%. What is his over all gain/loss?
a) Loss of Rs. 340
b) Gain of Rs. 320
c) Loss of Rs. 360
d) Neither gain nor loss
e) None of the above
5. Vandna sold an item for Rs. 6384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30%.
a) Rs. 14656
b) Rs. 11856
c) Rs. 13544
d) Cannot be determined
e) None of the above
6. A dealer sold three-fourth of his articles at a gain of 24% and the remaining at the cost price. Percentage of gain in the whole transaction is
a) 15
b) 18
c) 24
d) 32
e) None of the above
7. The cost price of 24 apples is same as the selling price of 18 apples. The percentage of gain is
a) 12
b) 14
c) 16
d) 33
e) None of the above
8. Some Banana bought at 5 for Rs. 10 and sold at 6 for Rs. 15. What is the gain per cent?
a) 35%
b) 45%
c) 20%
d) 25 %
e) None of the above
9. A shopkeeper purchased some books from a publication worth Rs. 750. Because of some reasons, he had to sell two fifth part of the book at a loss of 15%. On which gain he should sell his rest of the books, so that he gets neither gain nor loss?
a) 10%
b) 9%
c) 12%
d) 15%
e) 18%
10. A person sold a watch at a profit of 10%. If he had sold it for Rs. 2000 more, he would have gained 20%. Find the CP of watch.
(a) Rs. 15000
(b) Rs. 10000
(c) Rs. 20000
(d) Rs. 25000
(e) None of the above
More on Profit and Loss: 

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Set – 7
Set – 8
Set – 9
Set – 10