Profit & Loss Quiz For All Bank Exams

Q1. A milkman buys some milk contained in 10 vessels of equal size. If he sells his milk at Rs 5 a litre, he loses Rs 200; while selling it at Rs6 a litre, he would gain Rs150 on the whole. Find the number of litres contained in each vessel.

(a) 30 
(b) 35 
(c) 40
(d) 45 
(e) 50



Q2. A watch passes through three hands and each gains 25%. If the third sells it for Rs250, what did the first pay for it?

(a) 128 
(b) 130 
(c) 145
(d) 150 
(e) 180



Q3. If by selling an article for Rs 60, a person loses 1/7 of outlay (cost), what would he have gained or lost per cent by selling it for Rs77?

(a) 5% 
(b) 10% 
(c) 11%
(d) 15% 
(e) 25%



Q4. I sold a book at a profit of 7%. Had I sold it for Rs 7.50 more, 22% would have been gained. Find the cost price.

(a) 25 
(b) 30 
(c) 50
(d) 55
(e) 60



Q5. A reduction of 40 per cent in the price of bananas would enable a man to obtain 64 more for Rs40. What is the reduced price per dozen?

(a) 3 
(b) 6 
(c) 5
(d) 4 
(e) 8



Q6. A man purchased an article at 3/4 th of the list price and sold at half more than the list price. What was his gain per cent?

(a) 25% 
(b) 50% 
(c) 75%
(d) 100% 
(e) 150%



Q7. I lose 9 per cent selling pencils at the rate of 15 a rupee. How many for a rupee must I sell them to gain 5 per cent?

(a) 10 
(b) 13 
(c) 15
(d) 18 
(e) 20


Q8. Goods are sold so that when 4 per cent is taken off the list price, a profit of 20% is made. How much per cent is the list price more than the cost price?

(a) 25% 
(b) 50% 
(c) 75%
(d) 100% 
(e) 150%



Q9. A man sells an article at 5% profit. If he had bought it at 5% less and sold it for Re 1 less, he would have gained 10%. Find the cost price.

(a) 100 
(b) 150 
(c) 200
(d) 250 
(e) 300



Q10. A profit of 20% is made on goods when a discount of 10% is given on the marked price. What profit per cent will be made when a discount of 20% is given on the marked price?

(a) 62/3%
(b) 7 2/3%
(c) 3 1/4%
(d) 7 4/5%
(e) 9 1/4%

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