Sawaal

 Profit and Loss Questions

Popular Latest Rated Important Formulae

FACTS  AND  FORMULAE  FOR  PROFIT  AND  LOSS  QUESTIONS

 

 

Selling Price (SP) : The price at which the shopkeeper sells the goods is called the selling price (SP) of the goods sold by the shopkeeper.

 

Profit : If the selling price of an article is more than its cost price, then the dealer (or shopkeeper) makes a profit (or gain)

i.e Profit = SP - CP;       SP > CP

 

Loss : If the selling price of an article is less than its cost price, then the dealer suffers a loss.

i.e loss = CP - SP;        CP > SP

 

IMPORTANT FORMULAE


1. Profit percentage = ProfitC.P×100

 

2. Loss percentage = LossC.P×100

 

3.S.P=100+Gain %100×C.P = 100-Loss%100×C.P

 

4. C.P=100100+Gain %×S.P = 100100-Loss %×S.P 

5. If an article is sold at a gain of say 35%, then SP = 135% of CP

6. If an article is sold at a loss of say 35%, then SP = 65% of CP

7. When a person sells two similar items, one at a gain of say x%, and the other at a loss of x%, then the seller always incurs a loss given by :Loss % =Common Loss and Gain %10 2=x102

 

8. If a trader Professes to sell his goods at cost price, but uses false weihts, then 

Gain % =ErrorTrue Value - Error×100%

Q:

If the loss of percent on article is 15%. Then the ratio of the cost price and sell price will be

A) 17:20 B) 20:17
C) 23:15 D) 15:23
 
Answer & Explanation Answer: B) 20:17

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Profit and Loss
Exam Prep: Bank Exams

3 1388
Q:

R and S started a business by investing Rs 165000 and Rs 195000 respectively for the same period of time. If R’s share in the profit earned by them is Rs 11000, then what is the total profit (in Rs) earned by both of them together?

A) 22000 B) 40000
C) 26000 D) 24000
 
Answer & Explanation Answer: D) 24000

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Profit and Loss
Exam Prep: Bank Exams

1 1377
Q:

Dipali bought a set of cups for Rs. 375, but then had to sell it later to clear old stocks for Rs. 345. What is the percentage of loss that she incurred?

A) 14 B) 7
C) 16 D) 8
 
Answer & Explanation Answer: D) 8

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Profit and Loss
Exam Prep: Bank Exams

3 1364
Q:

Deepti bought a set of cups for Rs. 175, but then had to sell it later to clear old stocks for Rs. 161. What is the percentage of loss that she had to incur?

A) 16 B) 8
C) 7 D) 14
 
Answer & Explanation Answer: B) 8

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Profit and Loss
Exam Prep: Bank Exams

2 1364
Q:

If 192 pens cost is Rs.10, how many pens can be bought for Rs.5?

A) 96 B) 72
C) 48 D) 56
 
Answer & Explanation Answer: A) 96

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Profit and Loss
Exam Prep: Bank Exams

5 1356
Q:

If the selling price of an article is doubled, then its loss percentage gets converted into the equal profit percentage. What is the loss percentage?

 

A) 16.66   B) 50
C) 33.33   D) 37.5
 
Answer & Explanation Answer: C) 33.33  

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams

1 1353
Q:

Raghavendra sells a machine for Rs 43 lakhs at a loss. Had he sold it for Rs 52 lakh, his gain would have been 5 times the former loss. Find the cost price of the machine.

A) Rs 50.5 lakhs B) Rs 60.6 lakhs
C) Rs 44.5 lakhs D) Rs 38.5 lakhs
 
Answer & Explanation Answer: C) Rs 44.5 lakhs

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Profit and Loss
Exam Prep: Bank Exams

2 1348
Q:

X and Y started a business by investing Rs 171000 and Rs 243000 respectively. If X’s share in the profit earned at the end of year is Rs 3800, then what will be the total profit (in Rs) earned by them together?

 

 

A) 9200   B) 9600  
C) 8400   D) 8800
 
Answer & Explanation Answer: A) 9200  

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Profit and Loss
Exam Prep: Bank Exams

1 1340