Profit & Loss Questions and Answers

Practice Mode
Showing 10 of 101 questions
Q41
A man sells two houses at the rate of Rs 1.995 lakhs eah. On one he gains 5% and on the other, he loses 5%. His gain or loss pecent in the whoe transaction is :
  • A 0.25% loss
  • B 0.25%gain
  • C 2.5% loss
  • D 25% loss
Answer: Option A
Q42
A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20% ad the cow at a gain of 20%. The entire tranasctio resulted in :
  • A no loss or gain
  • B loss or Rs. 1000
  • C gain of Rs. 1000
  • D gain of Rs. 2000
Answer: Option C
Q43
The manufacturer of a certain item can sell all he can produce at the selling price of Rs. 60 eah. If costs him Rs. 40 in materials and labour to produce eah item and he has overhead expenses of  Rs. 3000 per week in order to operate the plant.The number of units he should produce and sell in order to make a profit at least Rs. 1000 per week is :
  • A 200
  • B 250
  • C 300
  • D 400
Answer: Option A
Q44
The selling price of an article is Rs. 39. if its cost price is numerically equal to its profit percent, then its cost price ( in Rs.) is :
  • A 25
  • B 30
  • C 35
  • D 37
Answer: Option B
Q45
A grocer sells rice at a profit of 10% and uses weights which are 20% less than the market weight. The total gain earned by him will be :
  • A 30%
  • B 35%
  • C 37.5%
  • D None of these
Answer: Option C
Q46
A dealer sold three-fourth of hs articles at a gain of 20% and the remaining at C.P. The gain earned by him in the whole transaction is :
  • A 25%
  • B 20%
  • C 15%
  • D 10%
Answer: Option C
Q47
Two-third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs. 400, the value of th consignment (in rupees) was :
  • A 20000
  • B 15000
  • C 12000
  • D 10000
Answer: Option B
Q48
Vivek urchased 120 tables at a price of Rs. 110 per table. He solf30 tables at a profit of Rs. 12 per table and 75 tables a  profit of Rs. 14 per table. The remaining tables were sold at a loss of Rs. 7 per table. What is the average profit per table. ?
  • A Rs. 12.875
  • B Rs. 10.04
  • C Rs. 10.875
  • D Rs. 12.80
Answer: Option C
Q49
Hemant sold 10 sarees for a total profit of Rs. 460 and 12 sarees for a totall profit of Rs. 144.. At what profit per saree should he sell the remaining 20 sarees so that he gets an average profit of Rs. 18 per saree ?
  • A Rs. 7.40
  • B Rs. 7.60
  • C Rs. 7.80
  • D Rs. 8.00
Answer: Option B
Q50
A fruitseller has 24 kg of apples. He sells a part of these at 20% gain and the balane at a loss of 5%. If on the whole he earns a profit of 10%, the amount of apples sold at a loss is :
  • A 6 kg
  • B 4.6 kg
  • C 9.6 kg
  • D 11.4 kg
Answer: Option C
Questions and Answers for Competitive Exams Various Entrance Test