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Profit and Loss - Questions and Answers

Practice questions on profit and loss.

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21. By selling an article for Rs. 10. Then, the gain per cent is:
A. 9%
B. 10%
C. 11
D. none of these
Explanation: ANSWER : 11
22. Aloke bought 25 kg of rice at the rate of Rs. 6 per kg and 35 kg of rice at the rate of Rs. 7 per kg. He mixed the two and sold the mixture at the rate of Rs. 6.75 per kg. What was his gain or loss in the transaction?
A. Rs. Gain
B. Rs. 16 loss
C. Rs. 20 gain
D. none of these
Explanation: ANSWER : none of these
23. By selling 36 oranges, a vendor loses the selling price of 4 oranges. His loss per cent is:
A. 12
B. 11
C. 10%
D. none of these
Explanation: ANSWER : 10%
24. A dealer professing to sell at cost price, uses a 900 gms weight for a kilogram. His gain per cent is:
A. 9
B. 10
C. 11
D. 11
Explanation: ANSWER : 11
25. By selling a watch for Rs. 1140, a man loses 50% in order to gain 5%, the watch must be sold for
A. Rs. 1311
B. Rs. 1254
C. Rs. 1197
D. Rs. 1260
Explanation: ANSWER : Rs. 1260