Quant Booster Dose – Profit and Loss Questions PDF
Profit and Loss Question PDF with Answers for government exams like SSC, Railways, Banking, FCI, CWC, Insurance Exams, UPSC, and other state PCS exams. As we all know in many competitive exams in Quantitative Aptitude/ Numerical Ability subject Profit and Loss Questions asked repeatedly, so you cannot ignore the Profit and Loss Questions PDF.
As questions are based on previous year papers, there are chances that candidates will find many questions from the Profit and Loss Questions with Answers PDF in all competitive Exams. If you check the last 4-5 year’s papers of SSC, Railways and Banking Exams, you will find that many different types of Percentage questions are asked. Today we have compiled “500+ Profit and Loss Questions PDF with Answers for SSC, Railway & Banking Exam”. You can download Free Profit and Loss Questions with Solution so that you get all the important questions at one place. And it will become very easy for you guys to revise them.
Profit and Loss Questions PDF for SSC, Railways and Banking Exams
The ultimate way to begin Numerical Ability Preparation is to have the best Quantitative Aptitude practice questions in your PDF Drive. To ease out your preparation and save you a lot of time, At Let’s Study Together (LST) we understand our student’s requirements and keeping it in mind, So LST Team has compiled the Profit and Loss Questions PDF for SSC, Railways and Banking Exams with Detailed Answers’. Get some relevant as well as reliable study material that will guide you well throughout your exam preparation. You can download the Profit and Loss Questions with Solution so that you get all the important questions at one place. And it will become very easy for you guys to revise them.
Profit and Loss Questions with Answers | Download Free PDF
What is Profit and Loss?
Profit is the difference amount when a person sells a product at a higher rate than cost price & loss is the difference amount when a person sells a product at a lower rate than cost price. Every commodity, product or item has a cost price and selling price and depending on the values of these prices, we compute the profit gained or the loss incurred for an individual product.
Profit: When a person sells a product at a higher rate than the cost price, then the difference between both amounts.
- Profit Formula = Selling price – Cost price
Loss: When a person sells a product at a lower rate than the cost price, then the difference between both amounts.
- Loss Formula = Cost Price – Selling Price
Profit and Loss Formula
Some important formulas for solving profit and loss questions:
- Profit = Selling Price – Cost Price
- Loss = Cost Price – Selling Price
- Profit % = (Profit / Cost Price) × 100%
- Loss% = (Loss / Cost Price) × 100%
- Selling Price = [(100 + Profit%)/100] × Cost Price
- Cost Price = [100/(100 + Profit%)] × Selling Price
- Selling Price = [(100 – Loss%)/100] × Cost Price
- Cost Price = [100/(100 – Loss%)] × Selling Price
- Discount = Marked Price – Selling Price
Profit and Loss Basic Concepts?
When you purchase a product in the market for a certain cost and then sell it for a different rate, you can make either a profit or a loss by doing this. It is one of the most practical concepts of mathematics. In day-to-day life, several types of transactions happen and it involves the concept of profit and loss. There are various terms used to deal with the profit and loss concepts like the cost price of the product (C.P.), the selling price of the product (S.P.), discount on the product, marked price of the product, profit, and loss. These terms are explained by the following points.
- Cost Price: Cost price is the price at which a person purchases a product. For example, if Ahana purchased a book for 250 rupees, this is the cost price for that particular book. Cost price is abbreviated as C.P.
- Selling Price: Selling price is the price at which a person sells a product. For example, if Ankur sold a book for 350 rupees, then this is thought to be the selling price of the book. The selling price is abbreviated as S.P.
- Market Price: It is the price that is marked on an article or commodity. It is also known as list price or tag price. If there is no discount on the marked price, then the selling price is equal to the marked price.
- Markup: It is the amount by which cost price is increased to reach market price. Markup = market price – cost price
- Discount: The reduction offered by a merchant on a marked price is called a discount.
- Successive Discount: If an article is sold at two discounts then it is said that it is sold after two successive discounts.
- Dishonest Dealing: In it, a person/shopkeeper sells any product at the wrong weight and earns a profit. This can be done either by using false weight or by false reading. A shopkeeper claims to sell rice at a cost price but uses a false weight of 900gm instead of 1000gm. A person sells cloth to a customer but uses false reading and gives 90 meters of cloth instead of 100 meters.
- Successive Selling: In it, a product is sold for more than one time from one person to another person at some profit or loss. For example – A sold a pen to B at 10% profit and then B sold the pen to C at 20% profit.
- Sales Tax: When purchasing any product we have to give a certain tax to the government. This additional payment is known as sales tax. Tax is always calculated on the selling price of a product.
Profit and Loss Tricks?
There are various points or short tricks that can be remembered to solve the problems of Profit and Loss with ease. Some of such points are as follows:
- Profit (P) = SP – CP If SP > CP
- Loss (L) = CP – SP If CP > SP
- Profit (P%) = (P/CP) × 100
- Loss (L%) = (L/CP) × 100
- Selling Price (SP) = {(100 + P%)/100} × CP
- Selling Price (SP) = {(100 – L%)/100} × CP
- Cost Price (CP) = {100/(100 + P%)} × SP
- Cost Price (CP) = {100/(100 – L%)} × SP
- Discount = Marked Price – Selling Price
- Selling Price = Marked Price – Discount
- When there are two profits, say x% and y%, then the net percentage of profit equals to [x+y+(xy/100)]
- When profit is x%, and loss is y%, then the net % of profit or loss will be: [x-y-(xy/100)]
- If a product is sold at x% profit and then again sold at y% profit then the actual cost price of the product will be CP = [100 x 100 x P/(100+x)(100+y)]. In case of loss, CP = [100 x 100 x L/(100-x)(100-y)]
- If Profit % and Loss % are equal then, P = L and %loss = (Profit)2/100
Profit and Loss Practice Questions with Answers
1. A dishonest shopkeeper sells millet at Rs. 20 per kg which he has bought at Rs. 16 per kg and he is giving 800 gm instead of 1000 gm. Find his actual profit percentage.
(a) 52.12%
(b) 58.36%
(c) 54.25%
(d) 56.25%
(e) None of these
2 . The marked price of a mobile phone is Rs. 15,000 and the shopkeeper sold it for Rs. 13,500. What is the rate of discount offered by the shopkeeper?
(a) 12%
(b) 10%
(c) 11%
(d) 15%
(e) None of these
3. A shopkeeper offers his customers a discount of 10%. On an item marked at a price of Rs. 400, which was a little damaged, he offered additional discount of 10%. At what price (in Rs.) is the item available to customers?
(a) 340
(b) 320
(c) 300
(d) 324
(e) None of these
4. A trader earns a profit of 20% by selling an article after giving a discount of 20% on the marked price of the article. If the cost price of the article is ₹448, then its marked price (in ₹) is:
(a) 600
(b) 672
(c) 640
(d) 652
(e) None of these
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5. Three successive discounts of 25% each on the marked price of an item are together equivalent to a single discount (correct up to 2 decimal places) of:
(a) 62.35%
(b) 60.25%
(c) 56.45%
(d) 57.81%
(e) None of these
6. A businessman makes a profit by selling a sofa set for ₹45,000. When same sofa set is sold for ₹39,000, the businessman incurs a loss that is equal to the profit earned in the earlier situation. The cost price of the sofa set is:
(a) ₹42,000
(b) ₹41,000
(c) ₹40,000
(d) ₹43,000
(e) None of these
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7. A shopkeeper sold 15 shirts, for Rs. 2,340. He suffered a loss of Rs. 60. What is cost price of each shirt?
(a) Rs. 152
(b) Rs.160
(c) Rs. 180
(d) Rs. 230
(e) None of these
8. Cost of a fan is 250 more than the cost of a bulb. If bulb is sold at 35% profit and fan is sold at 40% loss, the selling price of bulb and fan becomes equal. Find the cost of bulb.
(a) Rs. 600
(b) Rs. 300
(c) Rs. 200
(d) Rs. 500
(e) None of these
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9. Shopkeeper sold an article to person A at a profit of 10% and the same article was sold to person B at a profit of 20%. The overall profit is Rs.120 then find the cost price of an article.
(a) Rs. 470
(b) Rs. 400
(c) Rs. 420
(d) Rs. 450
(e) None of these
10. The cost price of 12 oranges is Rs. (x + 30). The shopkeeper marked it up by 40 percent and gave a discount of 14.28%. If the total profit earned in selling 12 oranges is Rs.24, then what is the difference between the marked price of 12 oranges and x?
(a) Rs. 108
(b) Rs. 90
(c) Rs. 78
(d) Rs. 46
(e) None of these
All the Profit and Loss questions are formulated as per the level of Bank PO exams. The Profit and Loss questions in this PDF has a moderate and hard level of difficulty. All the candidates who are preparing for banking exams are advised to practice all these important questions to score well in the exam. To remove any doubt or difficulty in any topic, go through the study notes of each topic from the links given above.
Why Quantitative Aptitude Profit and Loss Questions PDF is Important for Exams?
- All the questions prepare by Exams experts.
- The practice questions covered are across the levels i.e. Easy, Moderate, and Difficult.
- Provides a detailed approach to the solution of each question.
- Focuses on all the new patterns and advanced-level type questions.
- Profit and Loss Questions PDF boosts confidence and reduces pre-exam jitters by regularly attempting a variety of questions and tackling the difficulty level expected in the final exam.
This Quant Booster Dose Profit and Loss Questions PDF is useful for the upcoming Banking and Insurance exams i.e. IBPS PO, SBI PO, Clerk, IBPS RRB PO & Clerk, RBI Assistant, RBI Grade B, NABARD, LIC AAO, SSC (CGL, CHSL, MTS, CPO, and Constable), Railway RRB (NTPC, Group D, JE, ALP) & Other Government Exams.
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Here we are providing you with New Pattern Quantitative Aptitude Quizzes (Profit and Loss Questions) for SSC, Railway & Banking Exam, based on the latest pattern of your daily practice.
| Practice Set- 1 | Practice Set- 2 | Practice Set- 3 |
| Practice Set- 4 | Practice Set- 5 | Practice Set- 6 |
| Practice Set- 7 | Practice Set- 8 | Practice Set- 9 |
| Practice Set- 10 | More…… | Complete Quant Study Material |
We hope the given Quantitative Aptitude Topic-wise Questions and Answers PDF will be helpful for their competitive exams like bank exams and other recruitment board exams. So candidates can utilize our Quantitative Aptitude Topic-wise PDF Download for their effective preparation to score more marks in upcoming competitive exams.
8700+ Quantitative Aptitude Topic wise Questions and Answers – Download Free PDF
