Himstates website is aspired to provide you competitive exams information, questions and answers ,formulas etc. Profit and Loss is an important topic for competitive exams, entrance exams as well interviews.
So to benefit students formulas , questions and previous year questions on the topic of 'Profit and Loss' is given below,
Download full PDF of questions and answers on the topic of "Profit and Loss'.
- 'Profit and Loss' important in which Competitive Exams ?
- Bank Competitive Exam
UPSC Competitive Exams
SSC Competitive Exams
Defense Competitive Exams
LIC or GIC Exams
University Grants Commission or UGC
Common Aptitude Test or CAT
Career Aptitude Test
Railway Competitive Exam
MAT, GMAT, IBPS Exam, CSAT, CLAT
Profit and Loss aptitude questions are also important in state(Himachal Pradesh) competitive exams of HPPSC, HPSSSB, HPBoSE and many more exams of Banking as well as entrance exams etc.
Formulas For Topic 'Profit and Loss'
- Cost Price(C.P) : Price at which a thing is purchased .
- Selling Price(S.P) : Price at which a thing is sold.
- Profit or Gain : Profit or Gain is said when S.P > C.P means Selling Price is more than Cost Price.
- Loss : Loss is said when Selling price is less than Cost Price i.e. S.P < C.P
- Profit or Gain = S.P - C.P
- Loss = C.P - S.P
- Gain % = Gain x 100 / C. P
- Loss % = Loss x 100 / C. P
- If a thing is sold at a gain of let 25% then Selling Price = 125% of Cost Price
- If a thing is sold at a loss of let 25% then Selling Price = 75% of Cost Price
Questions On Topic 'Profit and Loss'Q. 1. Albert by an old Generator at a price of Rs. 4700 and spend Rs. 800. He sold generator for Rs. 5800. What is gain percent ?
A. 50/11 %
B. 60/11 % (Ans)
C. 5 %
D. None of these
Q. 2. C.P of 20 books is same as the S.P of x books. If the gain is 25% then the value of x is
C. 16 (Ans)
Q. 3. A man brought toffees at 6 for a rupee .How many for a rupee must he sell to gain 20% ?
B. 5 (Ans)
Q. 4. On selling 17 Bats at Rs. 720 , there is a loss equal to the cost price of 5 balls. The C. P of a ball is
A. Rs. 45
B. Rs. 55
C. Rs. 60 (Ans)
D. Rs. 67
Q. 5. Rohit Ranjan sells his one Radio for Rs. 840 with gain of 20% and another radio for Rs. 960 at a loss of 4%. What Gain or Loss percent is
A. 100/17 %
B. 15/100 %
C. 111/18 % (Ans)
D. 17/100 %
Q. 6. Hundred Apples are brought at a price of Rs. 350 and sold at a price of Rs. 48 per dozen. The % of Gain and Loss is
A. 114/17 %
B. 15/11 %
C. 17/100 %
D. 100/7 % (Ans)
Q. 7. A man expects gain% of 22.5 on his C. P. If in a week , his sale was of Rs. 392. What was his profit ?
A. 72 (Ans)
Q. 8. Shivangi brought a Bicycle for Rs. 1400 and sells at loss of 15%. What is S.P of of the Bicycle?
A. Rs. 1200
B. Rs. 1190 (Ans)
C. Rs. 1195
D. Rs. 1210
Q. 9. Some Books were brought at 6 books for 5 Rupees , and sold at 5 books for Rupees 6. Gain% is
B. 44% (Ans)
Q. 10. If S.P is doubled ,the profit triples . Find Gain%
A. 100% (Ans)
Q. 11. If C. P is 96% of S.P then what is Profit%
A. 7.17 %
B. 5 %
C. 4.17 % (Ans)
D. 5.17 %
Q. 12 A man gains S.P of 11 meters by selling 33 meters of clothes. Find Gain %
A. 57 %
B. 55 %
C. 68 %
D. 50 % (Ans)
Q. 13. Find the single discount equivalent to a series discount of 20%, 10% and 5%.
A. 72.6 %
B. 70.2 %
C. 68.4 % (Ans)
D. 69.2 %