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OTI365 - RRB
RRB Mathematics - Profit and Loss Practice Questions with Answer

Mathematics - Profit and Loss

Exam Duration: 45 Mins Total Questions : 30

1 )

A shopkeeper sells some articles at the profit of 25% on the original price.What is the exact amout of profit?

To find the answer,which of the following information given in Statements I and II is/are necessary?

I.Sale price of the article.

II.Number of articles sold.

(a)
Only I is necessary.
(b)
Only II is necessary.
(c)
Either I and II are necessary.
(d)
Both I and II are necessary.
(e)
None of these.

2 )

What is the cost price of the article?

I.The profit earned on the articles is one-third of the cost price.

II.The article is sold for Rs.400.

(a)
If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
(b)
If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
(c)
If the data either in statement I or in the statement II are alone are sufficient to answer the question.
(d)
If the data even in both statements I and II together are not sufficient to answer the question.
(e)
If the data in both statements I and II together are necessary to answer the question.

3 )

What would have been the selling price per kg of rice?

I. 50 kg of rice was purchased for Rs.3350 and Rs.150 were spent on transport.

II. Profit earned was 5%.

(a)
If the data in statement I alone are sufficient to answer the question,while the data in statement II alone are not sufficient to answer the question.
(b)
If the data in statement II alone are sufficient to answer the question,while the data in statement I alone are not sufficient to answer the question.
(c)
If the data either in statement I or in the statement II are alone are sufficient to answer the question.
(d)
If the data even in both statements I and II together are not sufficient to answer the question.
(e)
If the data in both statements I and II together are necessary to answer the question.

4 )

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 :

(a)
\(4\frac{4}{7}\%\)
(b)
\(5\frac{5}{11}\%\)
(c)
10%
(d)
12%

5 )

How much of profit did Manick earn on the cost price of an aricle by selling it?

I.He got 50% discount on the marked price at the time of purchase.

II.He sold it for Rs.3060.

III.He earned 2% profit on the marked price.

(a)
I and II only
(b)
II and III only
(c)
I only or II and III together
(d)
All I,II and III
(e)
Even I,II and III together are not sufficient to answer the question

6 )

What is the marked price of the suitcase?

I.When a discount of 15% is offered,the profit earned is 10.5%

II.The cost price of the suitcase is Rs.1500.

III.The marked price is 30% above the cost price.

(a)
I only
(b)
Either I or III
(c)
Any one of the three
(d)
ALL I,II and III are required
(e)
None of these

7 )

A person bought 20 litres of milk at the rate of Rs.8 per litre.He got it churned after spending Rs.10 and 5 kg of cream and 20 litres of toned milk were obtained .If he sold the cream at Rs.30 per kg and toned milk at Rs.4 per litre,his profit in the transaction is :

(a)
25%
(b)
35.3%
(c)
37.5%
(d)
42.5%

8 )

When a plot is sld for Rs.18,700 the owner loses 15%,At what price must the plot be sold in order to gain 15%?

(a)
Rs.21,000
(b)
Rs.22,500
(c)
Rs.25,300
(d)
Rs.25,800

9 )

The C.P of an article is 40% of the S.P. The percent that the S.P is of C.P. is :

(a)
250
(b)
240
(c)
60
(d)
40

10 )

The percentage profit earned by selling an article for Rs.1920 is equal to the percentage loss incurred by selling the same article for Rs.1280.At what price should the article be sold to make 25% profit ?

(a)
Rs.2000
(b)
Rs.2200
(c)
Rs.2400
(d)
Data inadequate
(e)
None of these

11 )

If the selling price of 50 articles is equal to the cost price of 40 articles,then the loss or gain percent is :

(a)
20% loss
(b)
20% gain
(c)
25% loss
(d)
25% gain

12 )

If an selling 12 notebooks,a seller makes a profit equal to the selling price of 4 notebooks,what is his percent profit ?

(a)
\(16\frac {2}{3}\)
(b)
25
(c)
50
(d)
Data inadequate
(e)
None of these

13 )

On selling 17 balls at Rs.720,there is a loss equal to the cost price of 5 balls.The cost price of a ball is :

(a)
Rs.45
(b)
Rs.50
(c)
Rs.55
(d)
Rs.60

14 )

A man bought apples at the rate of 8 for Rs.34 and sold them at the rate of 12 for Rs.57.How many apples should be sold to earn a net profit of Rs.45 ?

(a)
90
(b)
100
(c)
135
(d)
150

15 )

By selling 12 toffees for a rupee,a man loses 20%.How many for a rupee should he sell to get a gain of 20% ?

(a)
5
(b)
8
(c)
10
(d)
15

16 )

A dairyman pays Rs.6.40 per litre of milk.He adds water and sells the mixture at Rs.8 per litre,thereby making 37.5% profit.The proportion of to milk received by the customer is :

(a)
1 : 10
(b)
1 : 12
(c)
1 : 15
(d)
1 : 20

17 )

A fair price shopkeeper takes 10% profit on his goods.He lost 20% goods during theft.His loss percent is :

(a)
8
(b)
10
(c)
11
(d)
12

18 )

An article was sold for Rs.144.If the percentage of profit was numerically equal to the cost price,the cost of the article was :

(a)
Rs.72
(b)
Rs.80
(c)
Rs.90
(d)
Rs.100

19 )

Samant bought a microvwave oven and paid 10% less than the original price.He sold it with 30% profit on the price he had paid.What percentage of profit did Samant earn on the original price ?

(a)
17%
(b)
20%
(c)
27%
(d)
32%
(e)
None of these

20 )

A dealer sold an article at a loss of \(2\frac{1}{2}\%\).Had he sold it for Rs.100 more,he would have gained \(7\frac{1}{2}\%\).To gain \(12\frac{1}{2}\%\),he should sell it for :

(a)
Rs.850
(b)
Rs.925
(c)
Rs.1080
(d)
Rs.1125

21 )

Sanket purchased 20 dozen notebooks at Rs.48 per dozen.He sold 8 dozen at 10% profit and the remaining 12 dozen with 20% profit.What is his profit percentage in the transaction ?

(a)
7.68
(b)
15
(c)
16
(d)
19.2

22 )

A man purchased sugar worth Rs.400.He sold \(\frac{3}{4}\)th at a loss of 10% and the remainder at a gain of 10%.On the whole,he gets :

(a)
a loss of 5%
(b)
a gain of \(5\frac{1}{2}\%\)
(c)
a loss of \(5\frac{1}{19}\%\)
(d)
a loss of \(5\frac{5}{19}\%\)

23 )

A businessman sold \(\frac{2}{3}\)of his stock at a gain of 20% and the rest at a gain of 14%.The overall percentage of gain to the businessman is :

(a)
12%
(b)
17%
(c)
18%
(d)
20%

24 )

A manufacturer offers a 20% rebate on the marked price of a product.The retailer offers another 30% rebate on the reduced price.The two reductions are equivalent to a single reduction of :

(a)
40%
(b)
44%
(c)
46%
(d)
50%

25 )

After successive discounts of 12% and 5% an article was sold for Rs.209.What was the original price of the article?

(a)
Rs.226
(b)
Rs.250
(c)
Rs.252
(d)
Rs.269

26 )

Applied to a bill for Rs.1,00,000 the difference between a discount of 40% and two successive discounts of 36% and 4% is :

(a)
Nil
(b)
Rs.1440
(c)
Rs.2500
(d)
Rs.1960

27 )

At what price should a shopkeeper mark a radio that costs him Rs.1200 in order that he may offer a discount of 20% on the marked price and still make a profit of 25% ?

(a)
Rs.1675
(b)
Rs.4875
(c)
Rs.1900
(d)
Rs.2025
(e)
None of these

28 )

By selling an article at \(\frac{2}{5}\)of the marked price,there is a loss of 25%.The ratio of the marked price and the cost price of the article is :

(a)
2 : 5
(b)
5 : 2
(c)
8 : 15
(d)
15 : 8

29 )

A shopkeeper sells a badminton racket,whose marked price is Rs.30,at a discount of 15% and gives a shuttle cock costing Rs.1.50 free with each racket.Even then he makes a profit of 20%.His cost price per racket is :

(a)
Rs.19.75
(b)
Rs.20
(c)
Rs.21
(d)
Rs.21.25

30 )

A shopkeeper sold a T.V. set for Rs.17,940 with a discount of 8% and earned a profit of 19.6%.What would have been the percentage of profit earned if no discount was offered?