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ExaminationsQuestionsinProfitandLoss

ination Questions on Profit and Loss

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1.TwochairsandonetablecostRs.700and1chairand2tablescostRs.800.Ifthe
costofmtablesandmchairsisRs.30,000,thenwhatismequalto?
a.60
b.55
c.50
d.45

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2.ApersonAsellsatablecostingRs.2000toapersonBandearnsaprofitof6%.
ThepersonBsellsittoanotherpersonCatalossof5%.AtwhatpricedidBsellthe
table?
a.Rs.2054
b.Rs.2050
c.Rs.2024
d.Rs.2014

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3.ApersonsoldanarticleforRs.3,600andgotaprofitof20%.Hadhesoldthe
articleforRs.3,150,howmuchprofitwouldhehavegot?
a.4%
b.5%
c.6%
d.10%

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4.Twolotsofonionswithequalquantity,onecostingRs.10perkgandtheother
costingRs.15perkg,aremixedtogetherandwholelotissoldatRs.15perkg.What
istheprofitorloss?
a.10%loss
b.10%profit
c.20%profit
d.20%loss

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5.Amerchantearnsaprofitof20%bysellingabasketcontaining80appleswhich
costRs.240.Buthegivesonefourthofittohisfriendatcostpriceandsellsthe
remainingapples.Inordertoearnthesameprofit,atwhatpricemustheselleach
apple?
a.Rs.3.00
b.Rs.3.60
c.Rs.3.80
d.Rs.4.80

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6.Amilkmanbought15kgofmilkandmixed3kgofwaterinit.Ifthepriceperkgof
themixturebecomesRs.22,whatiscostpriceofthemilkperkg?
a.Rs.28.00
b.Rs.26.40
c.Rs.24.00
d.Rs.22.60

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7.Thecostoftwoarticlesareintheratio3:5.Ifthereis30%lossonthefirst
articleand20%gainonthesecondarticle,whatisoverallpercentageoflossor
gain?
a.gain2.25%
b.loss5.25%
c.loss2%
d.Noneoftheabove

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8.Amanloses20%ofhismoney.Afterspending25%oftheremainder,hehasRs.
480left.Whatistheamountofmoneyheoriginallyhad?
a.Rs.600
b.Rs.720
c.Rs.800
d.Rs.840

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9.Assumingthatprofitofashopkeeperinaparticularcommodityisalinear
expressionoftransportationcharge(t)andthequantityofcommodity(q).Heearnsa
profitofRs.10,000byselling20unitsatthetransportchargeofRs.400.Healso
earnsaprofitofRs.12,000byselling25unitsatthetransportchargeofRs.600.
Whatisthelinearexpressionintandq?
a.600q5t
b.500q4t
c.600q4t
d.500q5t

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10.Apersonbought8quintalofriceforcertainrupees.Hesold3qunitalsofriceat
10%profit.Afteraweek,hesold3quintalofricewithneitherprofitnorlossand2
quintalat5%loss.Inthistransaction,whatistheprofit?
a.10%
b.20%
c.25%
d.Noneoftheabove

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11.ApersonsoldanarticleforRs.136andmadealossof15%.Hadhesolditfor
Rs.x,hewouldhavemadeaprofitof15%.Whichoneofthefollowingiscorrect?
a.190<x<200
b.180<x<190
c.170<x<180
d.160<x<170
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12.Amansoldtwowatches,eachforRs.495.Ifhegained10%ononewatchand
sufferedalossof10%ontheother,thenwhatisthelossorgainpercentageinthe
transaction?
a.1%gain
b.1%loss
c.100/99%loss
d.Nogainnoloss

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.......contd

13.OnsellinganarticleforRs.240,atraderloses4%.Inordertogain10%,he
mustsellthearticlefor
a.Rs.275
b.Rs.280
c.Rs.285
d.Rs.300

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14.Adishonestdealerprofessestosellhisgoodsatcostprice,butusesafalse
weightandthusgains20%.Forakilogramheusesaweightof
a.700g
b.750g
c.800g
d.850g

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15.Amanboughtanumberoforangesat3forarupeeandanequalnumberat2for
arupee.Atwhatpriceperdozen,shouldhesellthemtomakeaprofitof20%?
a.Rs.4
b.Rs.5
c.Rs.6
d.Rs.7

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16.AtradersellstwocyclesatRs.1,188eachandgains10%onthefirstandloses
10%onthesecond.Whatistheprofitorlosspercentonthewhole?
a.1%loss
b.1%gain
c.Nolossorgain
d.2%loss

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17.Amilkvendorbought28litresofmilkatthecostofRs.8.50perlitre.Afteradding
somewater,hesoldthemixtureatthesameprice.Ifhegains12.5%,howmuch
waterdidheadd?
a.5.5litres
b.4.5litres
c.3.5litres
d.2.5litres

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