Profit & loss questions and answers
In this article, we provided the Profit and Loss Question Answer 2022. The Profit and Loss questions and answers are mostly asked in all competitive exams. Eg:- Union Public Service Commission, State Public Service Commission, Staff Selection Commission, Railway Recruitment Board, etc. In this, questions related to the Profit and Loss Questions Answers are asked.
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11. 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 of 10%, there by gaining 2 % on the whole. Find the cost of the horse.
(A) Rs. 1500
(B) Rs. 1200
(C) Rs. 1000
(D) Rs. 2000
12. A retailer buys 80 pencils at the market price of 70 pencils a discount of 5%, what is the profit percent?
(A) 20%
(B) 23%
(C) 25%
(D) 25%
13. At what percentage above the C.P. Must an article be market so as to gain 33% after allowing a customer a discount of 5%?
(A) 40%
(B) 45%
(C) 30%
(D) 35%
14. When a product is sold for Rs 240, there is a loss of 20%. What is the cost price of the product?
(A) Rs. 280
(B) Rs. 350
(C) Rs. 300
(D) Rs. 320
15. A retailer marks all his goods at 30% above the cost price and thinking that he will still make 15% profit. Offers a discount of 15% on the market price. What is his actual profit on the sales?
(A) 8%
(B) 8.5%
(C) 10.5%
(D) 12%
Latest Profit & loss questions answers for competitive exams
16. A man buys a cycle for Rs. 2000 and sells it at a loss of 20%. What is the selling price?
(A) Rs. 1600
(B) Rs. 1500
(C) Rs. 1700
(D) Rs. 1200
17. The sale price of an article including the sales tax is Rs. 750. The rate of sales tax is 25%. If the shopkeeper has made a profit of 50%. Then the cost price of the article is –
(A) Rs. 500
(B) Rs. 600
(C) Rs. 400
(D) Rs. 450
18. When a plot is sold for Rs. 22500, the owner losses 20%.at what price must the plot be sold in order to gain 20%.
(A) Rs. 34000
(B) Rs. 33750
(C) Rs. 35000
(D) Rs. 32500
19. In a certain store, the profit is 32% of the cost. If the cost increase by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
(A) 30%
(B) 70%
(C) 100%
(D) 250%
20. The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit?
(A) Rs. 920
(B) Rs. 960
(C) Rs. 1060
(D) Rs. 1200
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