PROFIT AND LOSS

TYPE–I : Questions based on the Q8. Krishnan bought a camera and paid 20% less
than its original price. He sold it at 40% profit on
basic concept of C.P. & S.P. and
the price he had paid. The percentage of profit
profit & loss .......... earned by Krishnan on the original price was

Q1. A man buys a cycle for 1400 and sells it at a (1) 22% (2) 32% (3) 12% (4) 15%
loss of 15%. What is the selling price of the cycle?
Q9. If there is a profit of 20% on the cost price of
(1) 1202 (2) 1190 (3) 1160 (4) 1000 an article, the percentage of profit calculated on
its selling price will be
Q2. On selling an article for 651, there is a loss of
7%. The cost price of that article is 2 1
(1) 24% (2) 163 % (3) 83 % (4) 20%
(1) 744 (2) 751 (3) 793 (4) 700
Q10. By selling an article for 960 a man incurs a
Q3. A milkman bought 70 litres of milk for 630 loss of 4%; what was the cost price ?
and added 5 litres of water. If he sells it at 9.00
(1) 1,000 (2) 784 (3) 498.4 (4) 300
per litre, his profit percentage is
1 2 1 Q11. By selling a car for 64,000, Mr. Rao lost
(1) 85 % (2) 7% (3) 85 % (4) 77 % 20%. Then the cost price of the car is :

Q4. A man bought an old typewriter for 1200 and (1) 72,000 (2) 76,800 (3) 80,000 (4) 84,000
spent 200 on its repair. He sold it for 1680. His
profit per cent is : Q12. An item when sold for 1,690 earned 30%
profit on the cost price. Then the cost price is
(1) 20% (2) 10% (3) 8% (4) 16%
(1) 507 (2) 630 (3) 1,300 (4) 130
Q5. If the cost price is 95% of the selling price,
what is the profit percent ? Q13. While selling to the retailer, a company
allows 30% discount on the marked price of their
(1) 4% (2) 4.75% (3) 5% (4) 5.26% products. If the retailer sells those products at
marked price, his profit % will be :
Q6. If the cost price of an article is 80% of its
selling price, the profit per cent is : 1 6
(1) 30% (2) 427% (3) 40% (4) 427%
1
(1) 20 % (2) 222 % (3) 24% (4) 25% Q14. The cost price of a radio is 600. The 5% of
the cost price is charged towards transportation.
Q7. A merchant buys an article for 27 and sells it
After adding that, if the net profit to be made is
at a profit of 10% of the selling price. The selling
15%, then the selling price of the radio must be
price of the article is :
(1) 704.50 (2) 724.50 (3) 664.50 (4) 684.50
(1) 29.70 (2) 30 (3) 37 (4) 32
Q15. The total cost of 8 buckets and 5 mugs is 92 would have been a gain of 6%. The cost price of
and the total cost of 5 buckets and 8 mugs is 77. the cycle is
Find the cost of 2 mugs and 3 buckets.
(1) Rs. 1200 (2) Rs. 1205
(1) 35 (2) 70 (3) 30 (4) 38
(3) Rs. 1250 (4) Rs. 1275
Q16. Pooja wants to sell a watch at a profit of
Q23. If the selling price of 40 articles is equal to
20%. She bought it at 10% less and sold it at 30
the cost price of 50 articles, the loss or gain per
less, but still she gained 20%. The cost price of
watch is cent is

(1) 25% gain (2) 20% gain

(1) 240 (2) 220 (3) 250 (4) 225
(3) 25% loss (4) 20% loss
Q17. A fruit merchant makes a profit of 25% by
selling mangoes at a certain price. If he charges Q24. By selling a tape-recorder for Rs. 1040 a
Re. 1 more on each mango, he would gain 50%. man gains 4%. If he sells it for Rs. 950, his loss will
At first the price of one mango was be
(1) Rs. 5 (2) Rs. 7 (3) Rs. 4 (4) Rs. 6 (1) 5% (2) 4% (3) 4.5% (4) 9%
Q18. By selling an article for Rs. 450, I lose 20%. Q25. The per cent profit made when an article is
For what price should I sell it to gain 20% ? sold for Rs. 78 is twice as much as when it is sold
(1) Rs. 490 (2) Rs. 675 for Rs. 69. The cost price of the article is

(1) Rs. 60 (2) Rs. 51 (3) Rs. 55.50 (4) Rs. 70

(3) Rs. 470 (4) Rs. 562.50
Q26. The profit (in Rs.) after selling an article for
Q19. If the profit on selling an article for Rs. 425
Rs. 524 is the same as the loss (in Rs.) after selling
is the same as the loss on selling it for Rs. 355,
then the cost price of the article is it for Rs. 452. The cost price of the article is:

(1) Rs. 480 (2) Rs. 485

(1) Rs. 410 (2) Rs. 380 (3) Rs. 400 (4) Rs. 390
(3) Rs. 488 (4) Rs. 500
Q20. The C.P of 10 artices is equal to the S.P. of
15 articles. What is the profit or loss percentage?
TYPE–II : Questions based on sold &
(1) 25.5% (2) 35% (3) 10% (4) 33.3% bought .....
Q21. A man gains 20% by selling an article for a Q27. A man buys 12 articles for 12 and sells them
certain price. If he sells it at double the price, the at the rate of 1.25 per article. His gain
percentage of profi will be percentage is :

(1) 40% (2) 100% (3) 120% (4) 140% (1) 20% (2) 25% (3) 15% (4) 18%

Q22. A trader sold a cycle at a loss of 10%. If the Q28. If I would have purchased 11 articles for 10
selling price had been increased by Rs. 200, there and sold all the articles at the rate of 10 for 11,
the profit per cent would have been :
(1) 10% (2) 11% (3) 21% (4) 100% (1) 210 (2) 200 (3) 195 (4) 190

Q29. A person buys some pencils at 5 for a rupee Q36. A man bought oranges at the rate of 8 for
and sells them at 3 for a rupee. His gain per cent 34 and sold them at the rate of 12 for 57. How
wll be : many oranges should be sold to earn a net profit
of 45 ?
2 2 2 2
(1) 663% (2) 763% (3) 563% (4) 463%
(1) 90 (2) 100 (3) 135 (4) 150
Q30. 100 oranges are bought for 350 and sold at
the rate of 48 per dozen. The percentage of Q37. A person bought some articles at the rate
of 5 per rupee and the same number at the rate
profit or loss is :
of 4 per rupee. He mixed both the types and sold
(1) 15% loss (2) 15% gain at the rate of 9 for 2 rupees. In this business he
suffered a loss of 3. The total number of articles
2 2
(3) 147 % loss (4) 147% profit bought by him was

Q31. The cost price of two dozen bananas is 32. (1) 1090 (2) 1080 (3) 540 (4) 545
After selling 18 bananas at the rate of 12 per
dozen, the shopkeeper reduced the rate to 4 per Q38. A shopman bought pens at the rate of 7 for
dozen. The per cent loss is 10 and sold them at a profit of 40%. How many
pens would a customer get for 10 ?
(1) 25.2% (2) 32.4% (3) 36.5% (4) 37.5%
(1) 6 (2) 4 (3) 5 (4) 3
Q32. Some articles were bought at 6 for 5, and
sold at 5 for 6. Gain per cent is : Q39. A person bought 50 pens for 50 each. He
sold 40 of them at a loss of 5%. He wants to gain
(1) 5% (2) 6% (3) 30% (4) 44% 10% on the whole. Then his gain percent on the
remaining pens should be
Q33. A man bought pencils at the rate of 6 for 4
and sold them at the rate of 4 for 6. His gain% in (1) 15% (2) 40% (3) 50% (4) 70%
the transaction is :
Q40. A vendor sells lemons at the rate of 5 for
(1) 75% (2) 80% (3) 125% (4) 100% 14, gaining thereby 40%. For how much did he
buy a dozen lemons ?
Q34. A man buys a certain number of oranges at
20 for 60 and an equal number at 30 for 60. He (1) 20 (2) 21 (3) 24 (4) 28
mixes them and sells them at 25 for 60. What is
gain or loss per cent ? Q41. A table is sold at a profit of 13%. If it is sold
for 25 more, profit is 18 %. Cost price of table is
(1) Gain of 4% (2) Loss of 4% (1) 100 (2) 500 (3) 200 (4) 1, 000

(3) Neither gain nor loss (4) Loss of 5% Q42. A man sold his watch at a loss of 5%. Had
he sold it for 56.25 more, he would have gained
Q35. A man purchased some eggs at 3 for 5 and
10%. What is the cost price of the watch (in ) ?
sold them at 5 for 12. Thus he gained 143 in all.
(1) 370 (2) 365 (3) 375 (4) 390
The number of eggs he bought is
Q43. A radio is sold at a profit of 20%. Had it been Q49. The ratio of the C.P. and S.P. of an article is
sold for Rs. 60 more the profit would have been 20 : 21. What is the gain per cent ?
30%. The cost price of the radio is
(1) 5% (2) 5.5% (3) 6% (4) 6.25%
(1) Rs. 500 (2) Rs. 600
Q50. The cash difference between selling prices
(3) Rs. 550 (4) Rs. 620 of an article at a profit of 4% and 6% is 3. The
ratio of the two selling prices is
Q44. If 3 articles are sold for the cost of 5 articles,
then the profit percentage is : (1) 51 : 52 (2) 52 : 53
2 (3) 51 : 53 (4) 52 : 55
(1) 50 (2) 60 (3) 663 (4) 65

Q45. A dealer sold a bicycle at a profit of 10%. Q51. Nita blends two varieties of tea— one
Had he bought the bicycle at 10% less price and costing 180 per kg and another costing 200 per
sold it at a price Rs. 60 more, he would have kg in the ratio 5 : 3. If she sells the blended
variety at 210 per kg, then her gain percent is (1)
gained 25%. The cost price of the bicycle was
10% (2) 11% (3) 12% (4) 13%
(1) Rs. 2400 (2) Rs. 2600
Q52. Partha earns 15 per cent on an investment
(3) Rs. 2000 (4) Rs. 2200 but loses 10 per cent on another investment. If
the ratio of two investments is 3 : 5, then the
Q46. Arun buys one kilogram of apples for Rs. combined loss percent is
120 and sells it to Swati gaining 25%. Swati sells
it to Divya who again sells it for Rs. 198, making (1) 5/4 % (2) 4/5 % (3) 8/5 % (4) – 5/8 %
a profit of 10%. What is the profit percentage
made by Swati? Q53. If an article is sold at 200% profit, then the
ratio of its cost price to its selling price will be (1)
(1) 25% (2) 20% (3) 16.67% (4) 15% 1:2 (2) 2 : 1 (3) 1 : 3 (4) 3 : 1

Q47. A sold a watch at a gain of 5% to B and B Q54. An article is sold at 5% profit. The ratio of
sold it to C at a gain of 4%. If C paid Rs. 91 for it, selling price and cost price will be
the price paid by A is :
(1) 1 : 5 (2) 20 : 21 (3) 21 : 20 (4) 5 : 1
(1) Rs. 83.33 (2) Rs. 84.33
Q55. In what ratio Darjeeling Tea costing 320 per
(3) Rs. 83 (4) Rs. 82.81 kg be mixed with Assam Tea costing 250 per kg
so that there is a gain of 20% by selling the
TYPE–IV : Questions based on ratio & mixture at 324 per kg ?
partnership ............
(1) 1 : 2 (2) 2 : 3 (3) 3 : 2 (4) 2 : 5
Q48. The ratio of cost price and selling price is 5
Q56. The ratio in which the Darjeeling tea at 32
: 4, the loss per cent is :
per kg is mixed with the Assam tea at 25 per kg
(1) 20% (2) 25% (3) 40% (4) 50% so as to gain 20% by selling the mixture at 32.40
per kg is
(1) 4 : 3 (2) 3 : 4 (3) 5 : 2 (4) 2 : 5 (1) 264 (2) 288 (3) 300 (4) 320

Q57. The ratio of the quantities of sugar, in Q63. By selling an article for 480 a person lost
which sugar costing 20 per kg. and 15 per kg. 20%. For what should he sell it to make a profit
should be mixed so that there will be neither loss of 20%?
nor gain on selling the mixed sugar at the rate of
(1) 800 (2) 760 (3) 720 (4) 680
16 per kg, is
Q64. On selling an article for 170, a shopkeeper
(1) 2 : 1 (2) 1 : 2 (3) 4 :1 (4) 1 : 4
loses 15%. In order to gain 20%, he must sell that
Q58. Two types of tea costing 180 per kg and 280 article at :
per kg should be mixed in the ratio so that the
(1) 215.50 (2) 212.50 (3) 240 (4) 210
mixture obtained, sold at 320 per kg to earn a
profit of 20% is Q65. By selling a basket for 19.50, a shopkeeper
(1) 3:13 (2) 1:13 (3) 4:13 (4) 2:13 gains 30%. For how much should he sell it to gain
40% ?
TYPE–V : Questions based on tricks (1) 21 (2) 21.50 (3) 24 (4) 23
Q59. Find the selling price of an article if a
Q66. The selling price of an article is 8/5 th of its
shopkeeper allows two successive discounts of
cost price. Then the gain percentage is
5% each on the marked price of 80.
(1) 20% (2) 28% (3) 60% (4) 68%
(1) 70.20 (2) 70.10 (3) 72.00 (4) 72.20

Q60. Salary of a person is increased by 20%, then

TYPE–VII : Questions based on
it is decreased by 20%. Change in his salary is : marked price .......
1 1
(1) 4% decreased Q67. If the sales tax be reduced from 3 2% to 33
% , what difference does it make to a person who
(2) 4% increased
purchases an article whose marked price is 8,400
(3) 8% decreased ?

(4) neither decrease nor increase (1) 20 (2) 15 (3) 14 (4) . 10

Q61. Q68. The marked price of an article is 10% higher

than cost price. A discount of 10% is given on
TYPE–VI : Questions based On selling marked price. In this kind of sale, the seller bears
an article and interchanging its values :
... (1) no loss, no gain (2) a loss of 5%

Q62. By selling an article for 240, a man incurs a (3) a gain of 1% (4) a loss of 1%
loss of 10%. At what price should he sell it, so
that he makes a profit of 20% ?
Q69. Richa purchased an article at 4 5 of its list TYPE–IX : Finding the cost of article
price and sold it at 20% more than the list price.
where a man sold an article at a loss
Richa’s profit percent was
of x%. If he had sold it for 'y' more
(1) 50% (2) 40% (3) 30% (4) 25%
than he would have gained/loss m%..
Q70. How much percent above the cost price
Q76. A man sold an article at a loss of 20%. If he
should a shopkeeper mark his goods so as to
has sold that article for 12 more he would have
earn a profit of 32% after allowing a discount of
gained 10%. Find the cost price of that article :
12% on the marked price ?
(1) 60 (2) 40 (3) 30 (4) 22
(1) 50% (2) 40% (3) 60% (4) 45%
Q77. A businessman bought an article and sold it
Q71. To gain 8% after allowing a discount of 10%, at a loss of 5%. If he had bought it for 10% less
by what per cent cost price should be hiked in and sold it for 33 more, he would have had a
the list price ? profit of 30%. The cost price of the article is (1)
330 (2) 155 (3) 150 (4) 300
(1) 9% (2) 11% (3) 18% (4) 20%
Q78. A merchant has 1000 kg sugar, part of
TYPE–VIII : Loss/gain percent is which sells at 8% profit and the rest at 18%
equals to the C.P./S.P. .. profit. He gain 14% on the whole. The quantity
sold at 8% profit is :
Q72. Profit after selling a commodity for 524 is
(1) 560 kg. (2) 600 kg. (3) 640 kg. (4) 400 kg
the same as loss after selling it for 452. The cost
price of the commodity is Q79. Sandeep sells an article at a loss of 10%.
Had he bought it at 20% less and sold it for Rs. 55
(1) 480 (2) 500 (3) 488 (4) 485
more, he could have gained 40%. What is the
Q73. A clock was sold for 144. If the percentage cost price of the article ?
of profit was numerically equal to the cost price,
(1) Rs. 200 (2) Rs. 225 (3) Rs. 250 (4) Rs. 275
the cost of the clock was
Q80. 5% more is gained by selling a watch for Rs.
(1) 72 (2) 80 (3) 90 (4) 100
350 than by selling it for Rs. 340. The cost price
Q74. A merchant sold an article for 75 at a profit of the watch is
percent equal to its cost price. The cost price of
(1) Rs. 110 (2) Rs. 140 (3) Rs. 200 (4) Rs. 250
the article was :

(1) 45 (2) 50 (3) 54 (4) 60 TYPE–X : Questions where articles are

sold in a circular chain ....
Q75. If the profit per cent got on selling an article
is numerically equal to its cost price in rupees Q81. A sells a bicycle to B at a profit of 20%. B
and the selling price is 39, then cost price (in ) will sells it to C at a profit of 25%. If C pays 225/- for
be it, the cost price of the bicycle for A is :

(1) 20 (2) 22 (3) 28 (4) 30 (1) 110 (2) 125 (3) 120 (4) 150
Q82. A saleable article passes successively in the Q87. A man sells two pipes at 12 each. He gains
hands of three traders. Each trader sold it further 20% on one and loses 20% on the other. In the
at a gain of 25% of the cost price. If the last trader whole transaction, there is
sold it for Rs. 250 then what was the cost price
(1) neither loss nor gain (2) profit of 1
for the first trader ?
(3) loss of 1 (4) Profit of 2
(1) 128 (2) 150 (3) 192 (4) 200
Q88. Kewal sells two tape recorders at the same
Q83. A sells a cycle to B at a profit of 10%, B sells
to C at a profit of 20%. If C pays 264 for it, how price. On one, he gains 10% and on the other he
loses 10%. The total gain or loss in the
much did A pay for it?
transaction is
(1) 200 (2) 220 (3) 225 (4) 234
(1) 1% gain (2) 1% loss
Q84. A sells a suitcase to B at 10% profit. B sells
it to C at 30% profit. If C pays 2,860 for it, then (3) No loss or gain (4) 2% loss
the price at which A bought it is Q89. A man had 100 kgs of sugar, part of which
he sold at 7% profit and rest at 17% profit. He
(1) 1,000 (2) 1,600 (3) 2,000 (4) 2,500
gained 10% on the whole. How much did he sell
Q85. A sells an article to B at a gain of 20% and B at 7% profit ?
sells it to C at a gain of 10% and C sells it to D at
1 (1) 65 kg (2) 35 kg (3) 30 kg (4) 70 kg
a gain of 122%. If D pays 29.70, A purchased the
article for Q90. When the price of cloth was reduced by
25%, the quantity of cloth sold increased by 20%.
(1) 40 (2) 10 (3) 20 (4) 30 What was the effect on gross receipt of the
shop?
TYPE–XI : A person bought two
articles for x. He sold A at m% (1) 5% increase (2) 5% decrease

profit/loss and B at n% loss/profit. (3) 10% increase (4) 10% decrease

Then gain/ loss p% on his outlay. Find
Q91. A cloth merchant sold half of his cloth at
the c.p. of A/B/A+B etc......... 20% profit, half of the remaining cloth at 20%
loss and the rest was sold at his cost price. In the
Q86. A man sells two articles at 99 each. On one
total transaction, his gain or loss will be
he gains 10% and on the other he loses 10%.
What is his gain or loss per cent on the whole (1) 5% profit (2) Neither loss nor gain
transaction ?
(3) 5% loss (4) 10% profit
(1) Loss, 1% (2) Loss, 1.5%
Q92. Two-third of a consignment was sold at a
(3) Profit, 1% (4) Profit, 1.5% profit of 5% and the remainder at a loss of 2%. If
the total profit was 400, then the value of the
consignment was
(1) 15,000 (2) 15,500 (3) 16,000 (4) 16,500 and the radio at a loss of 5%. The total loss or
gain is
Q93. A trader bought two horses for 19,500. He
sold one at a loss of 20% and the other at a profit (1) Gain 352.50 (2) Gain 362.50
of 15%. If the selling price of each horse is the
(3) Loss 332 (4) Loss 300
same, then their cost price are respectively.
Q99. The difference between the selling prices of
(1) 10,000 and 9,500 (2) 11,500 and 8,000
an article at a profit of 15% and at a profit of 10%
(3) 12,000 and 7,500 (4) 10,500 and 9,000 is 10. The cost price of the article is

Q94. A person bought two articles A and B for (1) 100 (2) 120 (3) 150 (4) 200
5,000. He sold A at 20% profit and B at 10% loss.
Q100. The difference between the selling price
He thus gained 2% on his outlay. The cost price
and cost price of an article is 210. If the profit
of A was
percent is 25, then the selling price of the article
(1) 3,000 (2) 2,500 (3) 2,000 (4) 3,500 is

Q95. A man bought a horse anda carriage for (1) 950 (2) 1,050 (3) 1,150 (4) 1,250
40,000. He sold the horse at a gain of 10 % and
the carriage at a loss of 5%. He gained 1% on his
whole transaction. The cost price of the horse
was :
REFERENCE BOOKS
(1) 15000 (2) 16000 (3) 18000 (4) 20000 R S AGGARWAL QUANTITATIVE APTITUDE

Q96. Two items A and B are sold at a profit of TATA Mc GRAW HILL QUANTITATIVE
10% and 15% respectively. If the amount of APTITUDE, NEW DELHI
profit received is the same, then the cost price of
A and B may be GULATI OBJECTIVE ARITHMETICS

(1) 1,000, 1,500 (2) 5,000 2,000 KIRAN PRAKASH QUANTITATIVE APTITUDE
(3) 3,000, 2,000 (4) 3,000, 5,000
FAST TRACK OBJECTIVE ARITHMETICS
Q97. A cloth merchant sold half of his cloth at
40% profit, half of remaining at 40% loss and the
rest was sold at the cost price. In the total Prepared By…..
transaction his gain or loss will be G SURESH

(1) 20% gain (2) 25% loss

(3) 10% gain (4) 15% loss

Q98. A shopkeeper purchased a TV for 2,000 and

a radio for 750. He sells the TV at a profit of 20%