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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Profit & Loss Quiz For All Bank Exams

1. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

A 30%
B. 70%
C. 100%
D. 250%

Sol .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% (approximately)


2. A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A. 3
B. 4
C. 5
D. 6

Sol. C.P. of 6 toffees = Re. 1

S.P. of 6 toffees = 120% of Re. 1 = Rs. 6/5
For Rs. 6/5, toffees sold = 6.

For Re. 1, toffees sold = 6(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:

A. 15
B. 16
C. 18
D. 25

Sol. 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]*100 = 25.

Solving, x = 16.

4. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

A. Rs. 2000
B. Rs. 2200
C. Rs. 2400
D. Data inadequate

Sol. Let C.P. be Rs. x.
Then, [(1920-x)/x]*100 = [(x-1280)/x]*100
Solving, x = 1600

Required S.P. = 125% of Rs 1600 = Rs 2000.

5. 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?

A. 3.5
B. 4.5
C. 5.6
D. 6.5

Sol. Cost Price of 1 toy = Rs (375/12) = Rs 31.25
Selling Price of 1 toy = Rs. 33
So, Gain = Rs. (33 - 31.25) = Rs. 1.75

Profit % = (1.75/31.25)*100 = 5.6%

6. The ratio of the cost price to the marked price of a watch is 3:5 and ratio of the percentage profit to the percentage discount is 5:3.Find the profit percentage ?

A. 13.34%
B. 16.65%
C. 16.43%
D. 17.5%

Sol. Cp:mp = 3x:5x = 300 : 500
Profit = 2x
P:d = 5:3
(5x×300)/100 +(3x×500)/100 = 100
30x = 100
X =(100/30) = 3.33%=> 5x = 16.65%

7. If a clock is sold for Rs.120 there is a loss of 15%.For a profit of 2%, the clock is to be sold for

A. 141
B. 142
C. 143
D. 144

Sol. Sp = 120
Loss = 15%
Cp = 120 × (100 / {100-15}) = 2400/17 = 141.18
Profit = 141.18×{(100+2)/100} = 144.

8. The difference in discounts between two successive discounts of 8% each and a single discount of 16% on Rs.2000 is

A. 6.4
B. 4.6
C. 12.8
D. 12.6

Sol. Two successive discounts of 8% = [ 8+8-(8*8/100)]% = 15.36%
Diff = 16 – 15.36 = 0.64%
Required diff = 2000×(0.64/100) = Rs. 12.8

9. A dealer sold 575 cement package at a profit of 9%. If one cement package cost Rs.2400, Find his total profit ?

A. 124100
B. 124200
C. 124000
D. 123200

Sol. Cp = 575 × 2400 = 1380000
P = 9%
P = (1380000×9)/100 = 124200.

10. By selling 15 oranges, a fruit seller gains the selling price of 1 orange. Calculate his gain percentage

A. 7.14%
B. 6.14%
C. 8%
D. 8.41%

Sol. SP of 1orange = 1
SP of 15 orange = 15
Profit = 1
CP = 15 – 1 = 14
Profit % = (1/14)×100 = 7.14%

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