logical and quantitative techniques logical and quantitative techniques
LECTURE 9 – PROFIT & LOSS (practice questions) LECTURE 9 – PROFIT & LOSS (practice questions)
Q1. An individual buys a shirt and a trouser for Q1. An individual buys a shirt and a trouser for
Rs 371. If the trouser costs 12% more than the Rs 371. If the trouser costs 12% more than the
shirt, find the cost of the shirt. shirt, find the cost of the shirt.
A 125 B 150 C 175 D 200 A 125 B 150 C 175 D 200
Q2. A machine costs Rs 375. If it is sold at a Q2. A machine costs Rs 375. If it is sold at a
loss of 20%, what will be its cost price as a loss of 20%, what will be its cost price as a
percentage of its selling price percentage of its selling price
A 80% B 125% C 110% D 90% A 80% B 125% C 110% D 90%
Q3. Find a single discount to equal three Q3. Find a single discount to equal three
consecutive discounts of 10%, 20% and 25%. consecutive discounts of 10%, 20% and 25%.
A 36% B 32% C 46% D 44% A 36% B 32% C 46% D 44%
Q4. Ashok bought an article and spent Rs. 110 Q4. Ashok bought an article and spent Rs. 110
on its repairs. He then sold it to Bhushan at a on its repairs. He then sold it to Bhushan at a
profit of 20%. Bhushan sold it to Charan at a profit of 20%. Bhushan sold it to Charan at a
loss of 10%. Charan finally sold it for Rs. 1188 loss of 10%. Charan finally sold it for Rs. 1188
at a profit of 10%. How much did Ashok pay at a profit of 10%. How much did Ashok pay
for the article. for the article.
A 850 B 890 C 1000 D 950 A 850 B 890 C 1000 D 950
Q5. If by selling 2 items for Rs 180 each the Q5. If by selling 2 items for Rs 180 each the
shopkeeper gains 20% on one and loses 20% shopkeeper gains 20% on one and loses 20%
on the other, find the value of the loss. on the other, find the value of the loss.
A 15 B 10 C 17 D 20 A 15 B 10 C 17 D 20
Q6. By selling 20 mangoes a person recovers Q6. By selling 20 mangoes a person recovers
price of 25 mangoes. Then profit % is: price of 25 mangoes. Then profit % is:
A 20% B 25% C 27% D 30% A 20% B 25% C 27% D 30%
Q7. Dolly goes to a shop to purchase a doll Q7. Dolly goes to a shop to purchase a doll
priced at Rs 600. She is offered 4 discount priced at Rs 600. She is offered 4 discount
options by the shopkeeper. Which of these options by the shopkeeper. Which of these
options should she opt for to gain maximum options should she opt for to gain maximum
advantage of the discount offered? advantage of the discount offered?
A A single discount of 40% A A single discount of 40%
B Two successive discounts of 20% each B Two successive discounts of 20% each
C 2 successive discounts of 30% & 10% C 2 successive discounts of 30% & 10%
D 3 successive discounts of 25%, 10%, 5% D 3 successive discounts of 25%, 10%, 5%
Q8. A manufacturer makes 750 articles at a Q8. A manufacturer makes 750 articles at a
cost of 60 paise per article. She fixes the cost of 60 paise per article. She fixes the
selling prices such that when 600 articles selling prices such that when 600 articles
were sold, she made a profit of 40% on total were sold, she made a profit of 40% on total
cost. Find her actual profit or loss per cent if cost. Find her actual profit or loss per cent if
she could sell 630 articles. Consider unsold she could sell 630 articles. Consider unsold
articles value 0. articles value 0.
A 42% B 47% C 53% D 56% A 42% B 47% C 53% D 56%
Q9. A fruit vendor buys fruits from the fruit Q9. A fruit vendor buys fruits from the fruit
market at wholesale prices and sells them at market at wholesale prices and sells them at
his shop at retail prices. He operates his shop his shop at retail prices. He operates his shop
30 days a month, as a rule. He buys in 30 days a month, as a rule. He buys in
multiples of 100 fruits and sells them in multiples of 100 fruits and sells them in
multiples of a dozen fruits. He purchases multiples of a dozen fruits. He purchases
mangoes for Rs 425 per hundred and sells at mangoes for Rs 425 per hundred and sells at
65 per dozen, he buys apples at Rs 150 per 65 per dozen, he buys apples at Rs 150 per
hundred and sells at 30 per dozen, he buys hundred and sells at 30 per dozen, he buys
watermelons at Rs 1800 per hundred and sells watermelons at Rs 1800 per hundred and sells
at Rs 360 per dozen. Which of the three fruits at Rs 360 per dozen. Which of the three fruits
yields him the maximum percentage profit? yields him the maximum percentage profit?
A Mangoes B Apples A Mangoes B Apples
C Watermelons D Both B and C C Watermelons D Both B and C
Q10. An orange vendor makes a profit of 20% Q10. An orange vendor makes a profit of 20%
by selling oranges at a certain price. If he by selling oranges at a certain price. If he
charges Rs 1.2 higher per orange he would charges Rs 1.2 higher per orange he would
gain 40%. Find the original price at which he gain 40%. Find the original price at which he
sold an orange. sold an orange.
A 5 B 4.8 C 6 D 7.2 A 5 B 4.8 C 6 D 7.2
Q11. Manish bought a combined total of 25 Q11. Manish bought a combined total of 25
units (some monitors and some printers). He units (some monitors and some printers). He
marked up the monitors by 20% on the C.P., marked up the monitors by 20% on the C.P.,
while each printer was marked up by Rs 2000 while each printer was marked up by Rs 2000
on C.P. He sold 75% of the monitors and 2 on C.P. He sold 75% of the monitors and 2
printers and make a profit of Rs 49,000. The printers and make a profit of Rs 49,000. The
remaining monitors and 3 printers could not remaining monitors and 3 printers could not
be sold by him. Find his overall profit or loss if be sold by him. Find his overall profit or loss if
he gets no return on unsold items and it is he gets no return on unsold items and it is
known that a printer costs 50% of a monitor. known that a printer costs 50% of a monitor.
A +48500 B -48500 A +48500 B -48500
C +32000 D -32000 C +32000 D -32000
Q11. A sell to B goods at five-thirds the rate of Q11. A sell to B goods at five-thirds the rate of
profit at which B has decided to sell it to C. C, profit at which B has decided to sell it to C. C,
on other hand, sells it to D at one-third the on other hand, sells it to D at one-third the
rate of profit at which B sold it to C. If D gives rate of profit at which B sold it to C. If D gives
Rs 2145 to C at 10% profit, how much did A buy Rs 2145 to C at 10% profit, how much did A buy
it for? it for?
A 1000 B 1500 A 1000 B 1500
C 2000 D 1800 C 2000 D 1800
