Profit & Loss Questions and Answers

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Q61
Profit after selling a commodity for Rs 425 is the same as the loss after selling it for Rs 355. What is the cost of the commodity ?
  • A Rs 385
  • B Rs 390
  • C Rs 395
  • D Rs 400
Answer: Option B
Q62
An article when sold for Rs 840 earns a profit which is doube the amount of loss when he same article is sold for Rs 600. What is the C.P. of the article ?
  • A Rs 500
  • B Rs 680
  • C Rs 720
  • D Rs 400
Answer: Option B
Q63
The profit earned by selling an article for Rs 900 is double the amount of loss when the same article is sold for Rs 600. What is the C.P. of the article ?
  • A Rs 600
  • B Rs 750
  • C Rs 800
  • D Data inadequate
Answer: Option B
Q64
The percent profit made when a article is sold for Rs 78 is twice as much as when it is sold for Rs 69. What is the cost price of the article ?
  • A Rs 51
  • B Rs 55.50
  • C Rs 60
  • D None
Answer: Option C
Q65
Profit earned by selling an article for Rs 1060 is 20% more than the loss incurred by selling the article for Rs 950. At what price should the article be sold to earn 20% profit ?
  • A Rs 980
  • B Rs 1080
  • C Rs 1800
  • D None
Answer: Option D
Q66
A man sold an article for Rs 75 and lost something. Had he sold it for Rs 96, his gain would have been double the former loss. The C.P. of the article is :
  • A Rs 81
  • B Rs 82
  • C Rs 83
  • D Rs 85.50
Answer: Option B
Q67
A single discount equivalent to a discount series of 40% and 20% is:
  • A 50%
  • B 52%
  • C 55%
  • D 60%
Answer: Option B
Q68
A single discount equivalent to a discount series of 40% and 20% and 10% is :
  • A 50%
  • B 52%
  • C 55%
  • D 60%
Answer: Option B
Q69
A sngle discount equivalent to a discount series of 30%, 20% and 10% is :
  • A 50%
  • B 49.6%
  • C 49.4%
  • D 51%
Answer: Option B
Q70
A table is offered for Rs 300 with 20% and 10% off. If in addition, a discount of 5% is offered on csh payment, then the cash price of the table is :
  • A Rs 240
  • B Rs 216
  • C Rs 210
  • D Rs 205.20
Answer: Option D
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