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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 (211 of them, from 57 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
211
Practice set
25 in 25 min
Difficulty
52/128/31
Negative marking
None
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Profit and Loss questions with solutions

6 from the 211-question pool, worked in full.

  1. 1. A shopkeeper marks an item 40% above cost price and gives a discount of 10% on the marked price. Find his profit percentage.

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

    Solution. If cost price = 100, marked price = 140. After 10% discount, selling price = 140 × 0.9 = 126. Profit% = 26%.

  2. 2. An article is sold at a loss of 12%. If it had been sold for ₹66 more, there would have been a gain of 10%. Find the cost price of the article.

    • A. ₹280
    • B. ₹300 ✓
    • C. ₹320
    • D. ₹340

    Solution. Let the cost price be x. Selling at a 12% loss gives 0.88x; selling at a 10% gain gives 1.10x. The difference is 0.22x = 66, so x = ₹300.

  3. 3. An item marked at ₹800 is sold at a discount of 10%. Find the selling price.

    • A. 700
    • B. 720 ✓
    • C. 740
    • D. 760

    Solution. Discount = 10% of 800 = ₹80. Selling price = 800 − 80 = ₹720.

  4. 4. 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%.

  5. 5. An item marked at ₹950 is sold at a discount of 15%. Find the selling price.

    • A. 807.5 ✓
    • B. 800
    • C. 810
    • D. 815

    Solution. Discount = 15% of 950 = ₹142.5. Selling price = 950 − 142.5 = ₹807.5.

  6. 6. A shopkeeper buys an item for ₹850 and sells it at a loss of 12%. Find the selling price.

    • A. ₹738
    • B. ₹728
    • C. ₹748 ✓
    • D. ₹758

    Solution. Selling price = 850 × (1 - 0.12) = 850 × 0.88 = ₹748.

Exams that set Profit and Loss

12 categories, led by Management, Banking, Railways.

    Drawn from AEEE, AFCAT, ATMA, CA Foundation, CAT, CDS, CUCET, DSSSB TGT, IBPS Clerk, IBPS PO, IBPS RRB Office Assistant, IBPS RRB Officer Scale I, IBPS SO, IBSAT, IMU-CET, INET, IPMAT Indore, IPMAT Rohtak, JAIN JET, JIPMAT, KMAT Karnataka, LIC AAO, MAH MBA CET, MAH UG CET, MAT, MH CET Law, 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?

    211, from the 57 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?

    57 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 211 questions are graded hard and 25% easy, making it about average for this section, where the mean is 17%.

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