IQ Indrajeet sahani
IQ Indrajeet sahani
IQ Indrajeet sahani
Experience: government Officer
(5.00 Ratings)
Profit and Loss

Question 1- A bookseller sold 500 copies of a book at a profit of 20 %. If he gains a profit of Rs. 5/book, what is the cost price of the book?

(A) Rs. 25

(B) Rs. 50

(C) Rs. 75

(D) Rs. 100

Question 2- Raman purchased 10 toys at the rate of Rs. 400 per toy. He sold each one of them at the rate of Rs. 55. What was his profit or loss?

(A) Profit of Rs. 10

(B) Loss of Rs. 10

(C) Profit of Rs. 15

(D) Loss of Rs. 15

 

Question 3- A land broker purchases a land for Rs.1,50,000 and sold for Rs 2,20,000. Find his gain percent.

(A) 35.2%

(B) 37.1%

(C) 45.7%

(D) 46.7%

 

Question 4 – What is the selling price of an article whose original price is if the article is sold at 15% loss?

(A) Rs. 94.75

(B) Rs. 535.50

(C) Rs. 599.50

(D) Rs. 724.75

 

Question 5- A shopkeeper sold a shirt for Rs. 1250. If the cost price of the shirt Rs.980, find the profit percent.

(A) 25.55%

(B) 26.55%

(C) 27.55%

(D) 28.55%

Some important formulas for solving profit and loss questions:
  • Profit = Selling Price – Cost Price
  • Loss = Cost Price – Selling Price
  • Profit % = (Profit / Cost Price) × 100%
  • Loss% = (Loss / Cost Price) × 100%
  • Selling Price = [(100 + Profit%)/100] × Cost Price
  • Cost Price = [100/(100 + Profit%)] × Selling Price
  • Selling Price = [(100 – Loss%)/100] × Cost Price
  • Cost Price = [100/(100 – Loss%)] × Selling Price
  • Discount = Marked Price – Selling Price
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Series Practice Questions

Find the next terms 

1) 3, 15, 75, 375  ?

2) 5, 15, 30,90 ?

3) 2,4,16,96 ?

4) 420, 84, 21  ?

5) 3, 12, 192,  ?

6) 5, 10, 40, 320 ?

7) 1, 1, 2, 8, 64  ?

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