Welcome to Indian Defence Era, the ultimate destination for all Indian Defence Exam aspirants. Our website aims to provide comprehensive study material and guidance for various Indian Defence exams, including NDA, CDS, AFCAT, and others. Our team of experts has curated a range of topics that are essential for clearing these exams, and today, we will be focusing on Profit and Loss, a crucial topic in the Quantitative Aptitude section.
Profit and Loss:
Profit and Loss is a topic that is tested in almost all Indian Defence Exams, and it is essential to have a thorough understanding of the concepts to score well. In this blog, we have compiled 20 questions of varying difficulty levels, ranging from basic to moderate, that will help you master Profit and Loss.
1.If the cost price of an item is Rs. 100 and the selling price is Rs. 120, what is the profit percentage?
A. 20%
B. 15%
C. 10%
D. 25%
Answer: A
2.A trader marks up his goods by 20% and then offers a discount of 10%. If the selling price is Rs. 720, what is the cost price of the item?
A. Rs. 650
B. Rs. 600
C. Rs. 540
D. Rs. 720
Answer: B
3.A fruit seller sells apples at Rs. 10 each. If he buys them at Rs. 8 each, what is the profit percentage?
A. 25%
B. 20%
C. 12.5%
D. 30%
Answer: A
4.A shopkeeper offers a discount of 20% on the marked price of an item. If the selling price is Rs. 640, what is the marked price of the item?
A. Rs. 800
B. Rs. 700
C. Rs. 640
D. Rs. 600
Answer: A
5.If a merchant offers a discount of 10% on the marked price of an item, he still makes a profit of 20%. What is the profit percentage if he offers no discount?
A. 30%
B. 25%
C. 22.5%
D. 20%
Answer: C
6.A trader sells an item at a profit of 20%. If the cost price is increased by 25%, by what percentage should he increase the selling price to maintain the same profit percentage?
A. 20%
B. 25%
C. 16.67%
D. 22.22%
Answer: D
7.A book is sold for Rs. 144, resulting in a profit of 20%. What is the cost price of the book?
A. Rs. 120
B. Rs. 100
C. Rs. 96
D. Rs. 90
Answer: C
8.A merchant marks up his goods by 25% and then offers a discount of 20%. If the selling price is Rs. 750, what is the cost price of the item?
A. Rs. 480
B. Rs. 600
C. Rs. 640
D. Rs. 720
Answer: B
9.If the selling price of an item is Rs. 480 and the profit percentage is 20%, what is the cost price of the item?
A. Rs. 400
B. Rs. 360
C. Rs. 450
D. Rs. 420
Answer: C
10.A trader sells an item at a loss of 10%. If the selling price is Rs. 900, what is the cost price of the item?
A. Rs. 1000
B. Rs. 950
C. Rs. 990
D. Rs. 1009
Answer: A
11.A shopkeeper marks up his goods by 40% and then offers a discount of 25%. If the selling price is Rs. 600, what is the cost price of the item?
A. Rs. 300
B. Rs. 400
C. Rs. 360
D. Rs. 480
Answer: B
12.A merchant buys a product for Rs. 9000 and sells it for Rs. 12000. What is the profit percentage?
A. 25%
B. 33.33%
C. 30%
D. 20%
Answer: A
13.A man sold his car at a loss of 15%. If he had sold it for Rs. 10500 more, he would have made a profit of 20%. What is the cost price of the car?
A. Rs. 100000
B. Rs. 125000
C. Rs. 140000
D. Rs. 135000
Answer: D
14.A dealer sells a product at a profit of 20%. If he sells it for 10% less, what is the new profit percentage?
A. 10%
B. 16.67%
C. 18%
D. 20%
Answer: B
15.A person sells his watch for Rs. 1980, which is 10% more than the cost price. What is the cost price of the watch?
A. Rs. 1800
B. Rs. 1795
C. Rs. 1805
D. Rs. 1820
Answer: A
16.A dealer offers a discount of 25% on the marked price of a product and still makes a profit of 10%. If the cost price is Rs. 600, what is the marked price of the product?
A. Rs. 1000
B. Rs. 1200
C. Rs. 900
D. Rs. 800
Answer: B
17.A man sold an article at a loss of 20%. If he had sold it for Rs. 90 more, he would have gained 5%. What is the cost price of the article?
A. Rs. 450
B. Rs. 500
C. Rs. 550
D. Rs. 600
Answer: B
18.A shopkeeper sells his goods at a profit of 25%. If the cost price of an item is Rs. 500, what is the selling price?
A. Rs. 625
B. Rs. 550
C. Rs. 625
D. Rs. 625
Answer: A
19.A person sells an article for Rs. 2250, which is 20% more than the cost price. What is the cost price of the article?
A. Rs. 1875
B. Rs. 2000
C. Rs. 2125
D. Rs. 1900
Answer: B
20.A shopkeeper marks up his goods by 30% and then offers a discount of 15%. If the selling price is Rs. 3570, what is the cost price of the item?
A. Rs. 2500
B. Rs. 2600
C. Rs. 2800
D. Rs. 3000
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