# Profit and Loss Questions Answers

• #### 1. A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

1. 1%
2. 2%
3. 3%
4. 4%

Explanation:

So we have C.P. = 27.50
S.P. = 28.60

Gain = 28.60 - 27.50 = Rs. 1.10

\begin{aligned}
Gain\% = \left( \frac{Gain}{Cost} * 100 \right)\% \\
= \left( \frac{1.10}{27.50} * 100 \right)\% = 4\%
\end{aligned}

• #### 2. A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent.

1. 10%
2. 20%
3. 25%
4. 28%

Explanation:

We know, C.P. = 5000
S.P. = 4000
Loss = 5000 - 4000 = 1000
\begin{aligned}
Loss\% = \left( \frac{Loss}{Cost} * 100 \right)\% \\
= \left( \frac{1000}{5000} * 100 \right)\% = 20\%
\end{aligned}

• #### 3. In terms of percentage profit, which among following the best transaction.

1. C.P. 36, Profit 17
2. C.P. 50, Profit 24
3. C.P. 40, Profit 19
4. C.P. 60, Profit 29

Explanation:

Hint: Calculate profit percent as

Profit% = (profit/cost) * 100

• #### 4. A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

1. Rs.1200
2. Rs.1230
3. Rs.1260
4. Rs.1290

Explanation:

Let the new S.P. be x, then.
(100 - loss%):(1st S.P.) = (100 + gain%):(2nd S.P.)

\begin{aligned}
=>\left( \frac{95}{1140} = \frac{105}{x} \right) \\

=> x = 1260
\end{aligned}

• #### 5. A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then would have been percentage of profit and loss ?

1. 2% Profit
2. 3% Profit
3. 2% Loss
4. 3% Loss

Explanation:

\begin{aligned}
S.P. = \left( \frac{100+gain\%}{100} * C.P \right)\\
\text{So, C.P. = }\left( \frac{100}{110} * 25.75 \right)\\
\text{When S.P. = 25.75 then } \\
Profit = 25.75 - 25 = Re. 0.75 \\

Profit\% = \frac{0.75}{25} * 100 = 3\%

\end{aligned}

• #### 6. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is

1. \begin{aligned} \frac{6}{19}\% \end{aligned}
2. \begin{aligned} \frac{6}{17}\% \end{aligned}
3. \begin{aligned} 5\frac{5}{11}\% \end{aligned}
4. \begin{aligned} 3\frac{5}{11}\% \end{aligned}

Explanation:

Whenever we get this type of question, we should have formula in mind that,
Gain% = (gain/cost)*100

Cost = 4700 + 800 = Rs. 5500
S.P. = Rs. 5800

Profit = 5800 - 5500 = 300
\begin{aligned}
Gain\% = \frac{300}{5500}*100 \\
= 5\frac{5}{11}\%
\end{aligned}

• #### 7. If the cost price is 25% of selling price. Then what is the profit percent.

1. 150%
2. 200%
3. 300%
4. 350%

Explanation:

Let the S.P = 100
then C.P. = 25

Profit = 75

Profit% = 75/25 * 100 = 3005

• #### Parminder Singh 4 years ago

Very useful for all govt job exam.
Thank you very much Sir

kkk

i like it

• #### Gourav Goyal 5 years ago

sir plz provide different sums plz dont copy rs agarwal

• #### Mayank Gupt 6 years ago

real shortcuts of profit n loss www.tinyurl.com/guptpnl

#### mastguru 4 years ago replied

Welcome Parminder

• #### Sumanth Kumar 6 years ago

tanq sir nic sums

• #### NNFK 7 years ago

COPIED FROM RS AGGARWAL CHEATER :/

• #### asawari 8 years ago

sums are good for practice