Profit and Loss Practice Questions – Set 3

Mentor for Bank Exams
Profit and Loss Practice Questions – Set 3
1. Find the selling price of goods if two salesmen claim to make 20% profit each, one calculated it on cost price and other on selling price. The difference in the profits earned being Rs. 50 and selling price is same in both cases.
(A) 1200
(B) 1300
(C) 1400
(D) 1500
(E) None of these
2. Rajat bought two mobiles for Rs. 3500 and sold the first at 15% profit and second at 10% profit. If he sold the first at 10% profit and second at 15%, he could get Rs. 25 more. Find the C.P of each watch?
(A) 1200 and 2300
(B) 1300 and 2200
(C) 1500 and 2000
(D) 1700 and 1800
(E) None of these
3. A trader sells an article at a profit of 20%. If he bought it for Rs.10 less and had sold it at a profit 21 1/2%. If the profit in both the cases is same. Find the cost price of the article
(A) 120
(B) 140
(C) 160
(D) 180
(E) None of these
4. A man purchases some bananas at the rate 8 for Rs. 6 and same quantity at 6 for Rs. 8. If he sells all the bananas at Rs. 16 per Dozen. Find his gain or loss percentage?
(A) 18% loss
(B) 23% profit
(C) 25% loss
(D) 28% profit
(E) None of these
5. A shopkeeper buys 60kg of Rice at Rs. 43 per kg and mixes it with 90 kg at Rs. 38 per kg. At what rate per kg should he sell the mixture to gain 25% on the whole?
(A) 42
(B) 34
(C) 46
(D) 50
(E) None of these
6. Hari bought two articles for Rs. 1600. He sold one at a profit of 14% and the other at a loss of 22%. Find the cost price of each box if selling price of both articles is same?
(A) 550 and 1050
(B) 600 and 1000
(C) 650 and 950
(D) 750 and 850
(E) None of these
7. A shop keeper bought 300 articles, each costing same. He sold 40% of the articles at 20% profit and remaining at 15% profit. Total profit made by him is Rs.1020. Find the Cost Price of an article?
(A) 20
(B) 25
(C) 28
(D) 35
(E) None of these
8. A Retailer reduces the price of his goods by 40% at the time of sale; initially price was fixed to get a gain of 20% on selling price after allowing 10% cash discount. Find out his percentage of profit or loss?
(A) 15% loss
(B) 15% profit
(C) 20% loss
(D) 20%profit
(E) None of these
9. Tinku mark up his article 4 times than his profit %. Discount allowed 33 1/3% on marked price. Find the selling price of the article if difference between marked price and cost price is Rs.280?
(A) 160
(B) 240
(C) 380
(D) 420
(E) None of these
10. Raju bought 1500 eggs at Rs. 4 per Dozen. He sold 900 of them at 3 for Rs 1 and the remaining at 5 for Rs 3. Find his gain or loss percent?
(A) 10%
(B) 15%
(C) 17%
(D) 32%
(E) None of these