Profit and loss formulas with exmaples for SSC and bank exams
Profit and Loss Formulas for Competitive exams with Examples:
Here we are providing Profit and Loss important questions and answers based on the above formulas for your convenience and good practice will help you to improve your score by covering the maths topic. Students who understand mathematics as a very difficult subject, start their practice-
Q : The cost price of a radio is Rs. 600. The 5% of the cost price is charged towards transportation. After adding that, If net profit to be made is 15%, then the selling price of the radio must be
(A) Rs. 664.50
(B) Rs. 684.50
(C) Rs. 704.50
(D) Rs. 724.50
Correct Answer : D
A piece of land came to a person through three middlemen each gaining 20%. If the person purchased the land for Rs. 3,45,600 the original cost of the land was:
(A) Rs.1,75,800
(B) Rs.2,00,000
(C) Rs.1,00,000
(D) Rs.1,50,000
Correct Answer : B
The cost price of an article is Rs x. It is marked up by 200%. It is sold at Rs. 540 after giving 25% discount. What is the value of x (in Rs)?
(A) 300
(B) 240
(C) 360
(D) 250
Correct Answer : B
A trader sold an article at profit of 20%. Had he bought that article at 60% less price and sold it at Rs 90 less, then he would have gained 50%. What is the value (in Rs) of cost price?
(A) 250
(B) 300
(C) 150
(D) 200
Correct Answer : C
By what fraction selling price ( S.P. ) must be multiplied to get the cost price ( C.P. ) if the loss is 20%?
(A) $${5\over4}$$
(B) $${6\over5}$$
(C) $${4\over5}$$
(D) $${8\over5}$$
Correct Answer : A
By a selling basket for Rs. 19.50, a shopkeeper gains 30 %. For how much should he sell it to gain 40 %?
(A) Rs.24
(B) Rs.23
(C) Rs.21
(D) Rs.21.50
Correct Answer : C
A wholesaler had 200 dozen of mangoes. He sold some of these mangoes at 20 % profit and the rest at 10 % profit, so that he made 13 % profit on selling all the mangoes. How many mangoes in dozens) did he sell at 20 % profit?
(A) 80
(B) 120
(C) 140
(D) 60
Correct Answer : D
If a man were to sell his chair for Rs. 720, he would loss 25 %. To gain 25% he should sell it for__
(A) Rs. 1,200
(B) Rs. 1,000
(C) Rs. 960
(D) Rs. 900
Correct Answer : A
A trade buys 800 kgs of tomatoes for Rs 7200. 10% tomatoes are damaged in transportation. At what rate (Rs / kg) should he sell the rest earn 30 % profit?
(A) 10
(B) 12
(C) 9
(D) 13
Correct Answer : D
A shopkeeper by selling 13 Titan watches, earns a profit equal to the selling price of 3 Titan watches. His profit percentage is
(A) 16 %
(B) 23.0 %
(C) 46 %
(D) 30 %
Correct Answer : D
If you face any problem while solving profit and loss questions, you can ask me in the comment section.
These are the five formulas of profit and loss with examples which will help you in your competitive exams that how to use the formula in any equation. You can more practice with important profit and loss questions and answers in English and Profit and loss question answers in Hindi also.
If you have any problem or a question regarding profit and loss formulas with examples, ask me in the comment section.
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Vikram Singh
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