Profit & Loss Question Quiz

1. Aadesh bought a combined total of 25 monitors and printers. He marked up the monitors by 20% on CP while each printer was marked up by Rs. 2000. He was able to sell 75% of the monitors and 2 printers and make a profit of Rs. 49,000. The remaining monitors and 3 printers could not be sold by him. Find his overall profit or loss if he gets no return on unsold items and it is known that a printer costs 50% of a monitor.
(a) Loss of Rs. 48,500
(b) Loss of Rs. 21,000
(c) Loss of Rs. 41,000
(d) Data Inadequate
(e) None of these
2. A rickshaw dealer buys 30 rickshaws for Rs.4725. Of these, 8 are four seaters and rest are two seaters. At what price must he sell the four seaters so that if he sells the two seaters at 3/4th of this price, he makes a profit of 40% on his outlay.
(a) Rs. 180
(b) Rs. 270
(c) Rs. 360
(d) Rs. 450
(e) None of these
3. Ritesh bought 25 washing machines and microwave ovens for Rs. 2,05,000. He sold 80% of the washing machines and 12 microwaves ovens for a profit of Rs 40,000. Each washing machine was marked up by 20% over cost and each microwave oven was sold at a profit of Rs. 2,000. The remaining washing machines and 3 microwave ovens could not be sold. What is Raghav’s overall profit/loss?
(a) Rs. 1000 profit
(b) Rs. 2500 loss
(c) Rs. 1000 loss
(d) Cannot be determined
(e) None of these.
4. A flat and a piece of land were bought by two friends Tarun and Varun respectively at prices of Rs. 2Lakh and Rs. 2.2 Lakh. The price of the flat rises by 20% every year and that of land by 10% every year. After two years, they decided to exchange their possessions. What is approx. percentage gain of the gainer?
(a) 7.56%
(b) 6.36%
(c) 4.39%
(d) 3.36%
(e) None of these
5. Sunil calculates his profit percentage on the selling price whereas Sujeet calculates his profit on the cost price. They find that the difference of their profits is Rs. 900. If the selling price of both of them are the same, and Sunil gets 50% profit and Sujeet gets 40% profit, then find their selling price.
(a) Rs 4200
(b) Rs 4500
(c) Rs 4000
(d) Rs 4800
(e) None of these
6. A reduction of 10% in the price of salt enables a person to buy 2 kg more for Rs.180. Find the reduced and the original price per kg of salt respectively.
(a) Rs 10, Rs 9
(b) Rs 9, Rs 10
(c) Rs 18, Rs 20
(d) Rs 20, Rs 18
(e) Rs 18, Rs 16.2
7. A person sold his watch for Rs. 24. If the percentage of his loss was equal to the cost price , then the watch would have cost him
(a) Rs. 40
(b) Rs. 60
(c) Rs. 50
(d) Rs. 80
(e) None of these
8. A man buys two horses for Rs. 1550. He sells one so as to lose 23% and other so as to gain 27%. On the whole transaction he neither gains nor loses. What does each horse costs?
(a) 807,743
(b) 817,733
(c) 827,723
(d) 837,713
(e) None of these
9. An orange vendor makes a profit of 20% by selling oranges at a certain price. If he charges Rs. 1.2 higher per orange he would gain 40%. Find the original price at which he sold an orange.
(a) Rs. 3
(b) Rs. 12
(c) Rs. 4.8
(d) Rs. 6.0
(e) None of these
10. After selling a watch, shyam found that he had made a loss of 10%. He also found that had he sold it for Rs.27 more, he would have made a profit of 5%. the actual initial loss was what percentage of the profit earned,had he sold the watch for a 5% profit?
(a) 23%
(b) 150%
(c) 200%
(d) 180%
(e) None of these.

Answers & Explanation;
1. a
2. b
3. c
4. e
5. a
6. b
7. e
8. d
9. e
10. c