Are you weak in Profit and Loss concept? If so, then this article is for you. Below we have provided Profit and Loss Quiz. Wherein, we provide you the best way to solve problems even in critical situations.

Aspirants, before attempting any competitive exam like Bank PO, Entrance Exam, SSC CGL, you should practice more on Profit and Loss Questions to solve the problems easily.

Note down the tips and tricks included in the material. It can use for you while solving questions. What we learn is not enough. Hence, the candidates need to think practically as well to achieve perfection in the concept.

Now is the time to compete for the entrance and placement exams. So, candidates are suggested to prepare for the below given Profit and Loss Questions and Answers.

Aptitude :: Profit and Loss

Practice :: Profit and Loss - General Questions
Profit and Loss - General Questions

Page Title 1. If the selling price is doubled, the profit becomes three times. Find the profit percentage.
70%
50%
120%
100%
None of these
Answer: option D

Let C.P. be Rs. X and S.P. be Rs. Y.

Then, 3(Y - X) = (2Y - X) Y = 2X.

Profit = Rs. (Y - X) = Rs. (2X - X) = Rs. X.

∵ Profit % = (X/X x 100)% = 100%



2. A seller bought toffees at 6 for a rupee. How much should he sell for a rupee to get a profit of 20%?
7
5
10
15
Answer: option B

C.P. of 6 toffees = Rs. 1

S.P. of 6 toffees = 120% of Rs. 1 = Rs. 6/5

⟹ For Rs. 6/5, toffees sold = 6.

⟹ For Rs. 1, toffees sold = (6 x 5/6) = 5.



3. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:
22
10
16
12
Answer: option C

Let C.P. of each article be Re. 1 C.P. of X articles = Rs. X.

S.P. of X articles = Rs. 20.

Profit = Rs. (20 - X).

∵ [(20 - X/X) x 100 = 25]

⟹ 2000 - 100X = 25X

⟹ 125X = 2000

⟹ X = 16.



4. Shubham buys an old scooter for Rs. 4700 and spends Rs. 800 on its repair. If he sells the scooter for Rs. 5800, his profit percentage is:
15%
12%
10%
5(5/11)%
Answer: option D

Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.

Selling Price (S.P.) = Rs. 5800.

Gain = (S.P.) - (C.P.) = Rs.(5800 - 5500) = Rs. 300.

∵ Gain % = (300/5500 x 100)% = 5(5/11)%



5. In a certain shop, the profit is 320% of the cost. If the cost is increased by 25% but the selling price remains constant, then approximately what percent of the selling price is the profit?
60%
70%
50%
75%
Answer: option B

Let C.P.= Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420.

New C.P. = 125% of Rs. 100 = Rs. 125

New S.P. = Rs. 420.

Profit = Rs. (420 - 125) = Rs. 295.

∵ Required percentage = (295/420 x 100)% = (1475/21)% = 70%




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