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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 (210 of them, from 56 exams, weighted towards Management, Banking, 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 25% easy, which is about average for this section.

Questions
210
Practice set
25 in 25 min
Difficulty
52/127/31
Negative marking
None
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Profit and Loss questions with solutions

6 from the 210-question pool, worked in full.

  1. 1. An item is sold for Rs 816 at a 15% loss. Find its cost price.

    • A. Rs 900
    • B. Rs 940
    • C. Rs 960 ✓
    • D. Rs 980

    Solution. Selling price is 85% of cost, so cost = 816/0.85 = Rs 960.

  2. 2. A trader buys an item for ₹600 and sells it for ₹750. Find the profit percentage.

    • A. 20%
    • B. 22%
    • C. 25% ✓
    • D. 30%

    Solution. Profit = 750 − 600 = ₹150. Profit% = (150 ÷ 600) × 100 = 25%.

  3. 3. A souvenir is marked ₹1,250 and sold at a 12% discount. If its cost price is ₹900, the profit percentage on cost is closest to

    • A. 10%
    • B. 18%
    • C. 22.2% ✓
    • D. 28%

    Solution. Selling price=1250×0.88=1100. Profit=200, so profit%=200/900×100≈22.2%.

  4. 4. A man buys 25 articles for ₹1,000 and sells them at ₹48 each. Find his profit percentage.

    • A. 22%
    • B. 25%
    • C. 20% ✓
    • D. 18%

    Solution. Cost per article = 1,000/25 = ₹40. Selling price = ₹48. Profit % = ((48−40)/40) × 100 = 20%.

  5. 5. A shopkeeper marks an item 50% above its cost price and then offers a discount of 20% on the marked price. Find the resulting profit percentage.

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

    Solution. Marked price = 1.5 × Cost price. Selling price = 0.8 × 1.5 × Cost price = 1.2 × Cost price, giving a profit of 20%.

  6. 6. By selling an article for ₹432, a shopkeeper incurs a loss of 10%. Find the cost price of the article.

    • A. ₹460
    • B. ₹470
    • C. ₹480 ✓
    • D. ₹490

    Solution. Selling price = 90% of cost price. So cost price = 432/0.9 = ₹480.

Exams that set Profit and Loss

11 categories, led by Management, Banking, Railways.

Also set by IBPS SO, IBSAT, 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, XAT. Browse all exams.

Profit and Loss: frequently asked questions

How many profit and loss questions are there?

210, from the 56 exams here whose syllabus sets the topic. 25% 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?

56 of the exams on this site, weighted towards Management (15), Banking (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 210 questions are graded hard and 25% easy, making it about average for this section, where the mean is 17%.

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