Profit and Loss Set 16


Profit and Loss Set 16

We are here with the Profit and Loss exercise which is very important for competitive exams. Profit and Loss questions usually carry 3-5 marks in competitive exams.

Q1. A shopkeeper sold a TV set for Rs. 17,940 with a discount of 8% and gained 19.6%. If no discount is allowed, then what will be his gain per cent?  
(a) 25%
(b) 26.4%
(c) 24.8%
(d) 30%
(e) None of these
Q2. If 7kg of tea of price Rs. 72/kg is blended with 33 kg of tea of Rs. 87/kg and 35 kg of Rs. 85/kg and the mixture is sold at 15% profit, then what is the selling price of the mixture?  
(a) Rs. 80.66/kg
(b) Rs. 102.33/kg
(c) Rs. 91.22/kg
(d) Rs. 97.37/kg
(e) None of these
Q3. A cash payment that will settle a bill for 250 chairs are Rs. 50 per chair less 20% and 15% with a further discount of 5% on cash payment is:  
(a) Rs. 8075
(b) Rs. 7025
(c) Rs. 8500
(d) Rs. 8000
(e) None of these
Q4. A sold an article to B at a profit of 20% B sold the same article to C at a loss of 25% of C sold the same article to D at a profit of 40%. If D paid Rs. 252 for the article, then find how much did A pay for it? 
(a) Rs. 175
(b) Rs. 200
(c) Rs. 180
(d) Rs. 210
(e) None of these
Q5. Rohan purchased a bike for Rs. 54000. He sold it at a loss of 8 per cent. With that money he again purchased another bike and sold it at a profit of 10 per cent. What is his overall loss/profit? 
(a) Loss of Rs. 657
(b) Profit of Rs. 567
(c) Loss of Rs. 648
(d) Profit of Rs. 648
(e) None of these


1. D        2. D      3. A       4. B       5. D

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