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Quantitative practice

Profit and Loss Questions with Answers

Cost price, selling price, marked price and discount, including successive discounts and false weights. This page pools every profit and loss question on the site — 196 of them, from 53 exams, weighted towards Banking, Management, Railways — so you can drill the topic on its own instead of meeting four of them inside a full paper.

15% of the pool is graded hard on this site’s own scale and 26% easy, which is about average for this section.

Questions
196
Practice set
25 in 25 min
Difficulty
51/116/29
Negative marking
None
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Profit and Loss questions with solutions

6 from the 196-question pool, worked in full.

  1. 1. A shopkeeper sells an article at an 8% loss on a cost price of ₹750. What is the selling price?

    • A. ₹670
    • B. ₹680
    • C. ₹685
    • D. ₹690 ✓

    Solution. Selling price = Cost price × (1 − loss%) = 750 × 0.92 = ₹690.

  2. 2. A trader marks his goods 40% above the cost price but allows a discount of 10% for cash payment. Find his profit percentage on cash sales.

    • A. 24%
    • B. 26% ✓
    • C. 28%
    • D. 30%

    Solution. Marked price = 1.4 × Cost price. Selling price = 0.9 × 1.4 × Cost price = 1.26 × Cost price, giving a profit of 26%.

  3. 3. A shopkeeper buys an article for ₹500 and sells it for ₹625. Find the profit percentage.

    • A. 20%
    • B. 30%
    • C. 25% ✓
    • D. 35%

    Solution. Profit = 625 − 500 = ₹125. Profit% = (125 ÷ 500) × 100 = 25%.

  4. 4. A trader buys an item for ₹450 and sells it for ₹540. Find the profit percentage.

    • A. 15%
    • B. 18%
    • C. 20% ✓
    • D. 25%

    Solution. Profit = 540 − 450 = ₹90. Profit% = (90 ÷ 450) × 100 = 20%.

  5. 5. An article costing ₹1,500 is sold at a loss of 8%. What is its selling price?

    • A. ₹1,360
    • B. ₹1,400
    • C. ₹1,420
    • D. ₹1,380 ✓

    Solution. Selling price = 1,500 × 92/100 = ₹1,380.

  6. 6. A farmer producer organisation buys wheat from farmers at ₹1,800 per quintal and sells it at ₹2,070 per quintal. Find the profit percentage.

    • A. 12%
    • B. 13%
    • C. 18%
    • D. 15% ✓

    Solution. Profit = 2,070 − 1,800 = ₹270. Profit % = (270/1,800) × 100 = 15%.

Exams that set Profit and Loss

9 categories, led by Banking, Management, Railways.

Also set by IMU-CET, INET, IPMAT Indore, IPMAT Rohtak, JAIN JET, JIPMAT, KMAT Karnataka, LIC AAO, MAH MBA CET, MAH UG CET, MAT, MICAT, NABARD Grade A, NCHM JEE, NIACL AO, NIFT, NIPER JEE, NMAT, RBI Assistant, RBI Grade B, RPF Constable, RPF Sub-Inspector, RRB ALP, RRB Group D, RRB Junior Engineer, RRB NTPC, RRB Paramedical, RRB Technician, SBI Clerk, SBI PO, SEBI Grade A, SIDBI Grade A & B, SNAP, SSC CGL, SSC CHSL, SSC CPO, SSC GD Constable, SSC MTS, SSC Selection Post, TANCET MBA, UPSC CSE. Browse all exams.

Profit and Loss: frequently asked questions

How many profit and loss questions are there?

196, from the 53 exams here whose syllabus sets the topic. 26% are graded easy and 15% hard, which makes profit and loss about average for this section, where the mean is 17%.

Which exams ask profit and loss questions?

53 of the exams on this site, weighted towards Banking (14), Management (14), Railways (8). Every question in this pool comes from one of their own mock tests, so the list below is the honest answer to whether the topic is worth your time.

Is profit and loss hard?

15% of these 196 questions are graded hard and 26% easy, making it about average for this section, where the mean is 17%.

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