Profit and Loss Aptitude Questions

Profit and Loss Aptitude Questions

Profit and Loss is a topic in the Quantitative section of the Aptitude exam. Questions in this section are framed in a confusing way. So, make sure that you practice different level of questions in order to have flexibility while solving problems related to this concept.

Important topics covered in this section are Profit and Loss, Percentage of profit, finding profit or loss, cost price questions, other type questions, etc. To make your preparation easy we have compiled the most important 20 questions from this topic. Make sure you dedicate considerable time to solve these questions with integrity.

We assume that you have completed Percentages practice before coming to this page if not make sure you solve questions from Percentages. Second, after you complete this section solve questions from Time and Work.

If you are already thorough with all the concepts of quantitative aptitude then move on to reasoning ability and verbal ability. 

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Q1

Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?

Level 1 Profit and Loss Percentage of Profit
A

3.5

B

4.5

C

5.6

D

6.5

E

none of these

Q2

A fruitseller sells mangoes at the rate of Rs. 9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make of profit 5%?

Level 1 Profit and Loss Percentage of Profit
A

Rs. 11.81

B

Rs. 12

C

Rs. 12.25

D

Rs. 12.31

Q3

A property dealer sells a house for Rs. 630000 and in the bargain makes a profit of 5%. Had he sold it for Rs. 500000, then what percentage of loss or gain he would have made?

Level 1 Profit and Loss Find Profit or Loss
A

\(2\frac{1}{4} percent\, gain\)

B

\(10 percent\, loss\)

C

\(12\frac{1}{2}percent\, loss\)

D

\(16\frac{2}{3}percent\, loss\)

Q4

If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is:

Level 1 Profit and Loss Percentage of Profit
A

25%

B

33\(\frac{1}{3}\)%

C

50%

D

66\(\frac{2}{3}\)%

Q5

On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:

Level 1 Profit and Loss Cost Price Questions
A

Rs. 45

B

Rs. 50

C

Rs. 55

D

Rs. 60

Q6

A man bought apples at the rate of 8 for Rs. 34 and sold them at the rate of 12 for Rs. 57. How many apples should be sold to earn a net profit of Rs. 45?

Level 1 Profit and Loss Other Type Questions
A

90

B

100

C

135

D

150

Q7

A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

Level 1 Profit and Loss Percentage of Profit
A

No profit, no loss

B

5%

C

8%

D

10%

E

None of these

Q8

By selling 33 meters of cloth, one gains the selling price of 11 meters. Find the gain percent.

Level 1 Profit and Loss Percentage of Profit
A

50%

B

45%

C

40%

D

60%

Q9

A retailer buys 40 pens at the market price of 36 pens from a wholesaler. If he sells these pens giving a discount of 1%, What is the profit percent?

Level 2 Profit and Loss Percentage of Profit
A

9%

B

10%

C

10\(\frac{1}{9}\)%

D

11%

Q10

What was the cost price of the suitcase purchased by Richard?

I. Richard got 20% concession on the labelled price

II. Richard sold the suitcase for Rs. 2000 with 25% profit on the labelled price.

Level 2 Profit and Loss Cost Price Questions
A

 If the data in statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question

B

If the data in statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question

C

If the data either in Statement I or in Statement II alone are sufficient to answer the question

D

If the data in both Statement I and II together are not sufficient to answer the question

E

If the data in both Statement I and II together are necessary to answer the question

Q11

By how much above the cost should the goods be marked for sale so that after allowing a trade discount of 20% and a cash discount of 6\(\frac{1}{4}\)%, a net gain of 20% on the cost is made?

Level 2 Profit and Loss Discounts
A

20%

B

40%

C

60%

D

80%

Q12

By selling 100 pencils, a shopkeeper gains the selling price of 20 pencils. His gain percent is

Level 2 Profit and Loss Percentage of Profit
A

12

B

15

C

20

D

25

Q13

A shopkeeper bought 30 kg of wheat at the rate of Rs.45 per kg. He sold forty percent of the total quantity at the rate of Rs.50 per kg. Approximately at what price per kg should he sell the remaining quantity to make 25 percent overall profit?

Level 2 Profit and Loss Percentage of Loss
A

Rs.50

B

Rs.52

C

Rs.54

D

Rs.56

E

Rs.60

Q14

Vineet calculates his profit percentage on the selling price whereas Roshan calculates his profit on the cost price. They find that the difference of their profits is Rs.275. If the selling price of both of them are the same and Vineet gets 25% profit whereas Roshan gets 15% profit, find their selling price.

Level 2 Profit and Loss Other Type Questions
A

Rs.2100

B

Rs.2250

C

Rs.2300

D

Rs.2350

Q15

A trader purchases a watch and a wall clock for Rs.390. He sells then making a profit of 10% on the watch and 15% on the wall clock. He earns a profit of Rs.51.50. The difference between the original prices of the wall clock and the watch is equal to

Level 2 Profit and Loss Percentage of Profit
A

Rs.80

B

Rs.100

C

Rs.110

D

Rs.120

Q16

A trader has 600 kgs of rice, a part of which he sells at 15% profit and the remaining quantity at 20% loss. On whole, he incurs an overall loss of 6%. What is the quantity of rice he sold at 20% loss?

Level 2 Profit and Loss Percentage of Loss
A

250 kgs

B

320 kgs

C

420 kgs

D

360 kgs

Q17

How many articles were sold?

I. Total profit earned was Rs.1596

II. Cost price per article was Rs.632

III. Selling price per article was Rs.765

Level 3 Profit and Loss Other Type Questions
A

Any two of the three

B

I and II only

C

II and III only

D

All I, II and III

E

Question cannot be answered even with the information in all the three statements

Q18

What is the percentage profit on the cost price?

I. The cost price is Rs.368.35.

II. There is a 20% profit on the selling price.

Level 3 Profit and Loss Other Type Questions
A

If the data in statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question

B

If the data in statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question

C

If the data either in Statement I or in Statement II alone are  sufficient to answer the question

D

If the data even in both Statements I and II together are not sufficient to answer the question

E

If the data in both statements I and II together are necessary to answer the question

Q19

How much was the loss?

I. The cost is Rs.300

II. The loss is 25% of the selling price

Level 3 Profit and Loss Other Type Questions
A

If the data in statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question

B

If the data in statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question

C

If the data either in Statement I or in Statement II alone are  sufficient to answer the question

D

If the data even in both Statements I and II together are not sufficient to answer the question

E

If the data in both statements I and II together are necessary to answer the question

Q20

The marked price of a shirt and trousers are in the ratio 1:2. The shopkeeper gives 40% discount on the shirt. If the total discount on the set of the shirt and trousers is 30%, the discount offered on the trousers is

Level 3 Profit and Loss Discounts
A

15%

B

20%

C

25%

D

30%

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