Close
###### Aptitude Ages Alligation or Mixture Area Averages Banker's Discount Boats and Streams Calendar Chain Rule Clock Compound Interest Decimal Fraction Height and Distance Linear Equations Logarithm Mensuration Numbers Odd Man Out and Series Partnership Percentage Permutation and Combination Pipes and Cistern Probability Problems on H.C.F and L.C.M Problems on Trains Profit and Loss Quadratic and Polynomial Functions Quadratic Equations Races and Games Ratio and Proportion Simple Equations Simple Interest Simplification and Approximation Square Root and Cube Root Stocks and Shares Surds and Indices Time and Distance Time and Work Trigonometry True Discount Volume and Surface Area Volumes
###### Formulae

1. Gain = (S.P.) - (C.P.)
2. Loss = (C.P.) - (S.P.)
3. Loss or gain is always reckoned on C.P.
4. Gain Percentage = Gain x 100/C.P
5. Loss Percentage = Loss x 100/C.P
6. Selling Price = (100 + Gain %)x C.P/100
7. Selling Price = (100 - Loss %)x C.P/100
8. Cost Price = 100x S.P/(100 + Gain %)
9. Cost Price = 100x S.P/(100 - Loss %)

###### Exercise : Profit and Loss MCQ Questions and Answers

Question 1

A trader marks his product 40% above its cost. He sells product on credit & allows 10% trade discount.In order to prompt payment,he gives 10% discount on the reduced price. If he earn profit 67 Rs.

 A.   Rs. 400 B.   Rs. 500 C.   Rs. 700 D.   Rs. 600

Question 2

A man purchased a waten for Rs. 400 and sold it at a gain of 20% of the selling price. The selling price of the watch is:

 A.   Rs. 100 B.   Rs. 200 C.   Rs. 500 D.   Rs. 400

Question 3

If the S.P of Rs. 24 results in a 20% discount on the list price, What S.P would result in a 30% discount on the list price?

 A.   Rs. 19 B.   Rs. 28 C.   Rs. 17 D.   Rs. 21

Question 4

A bicycle marked at Rs. 2,000, is sold with two successive discount of 20% and 10%.An additional discount of 5% is offered for cash payment. The selling price of the bicycle at cash payment is:

 A.   Rs. 3678 B.   Rs. 1368 C.   Rs. 1267 D.   Rs. 2678

Question 5

Gopal purchased 35 kg of rice at rate of Rs 9.50 per kg & 30 kg at rate of Rs i.Q.O per kg. He mixed the two. At what price per kg should he sell mixture to make 35 % profit?

 A.   Rs. 18.54 B.   Rs. 16.70 C.   Rs. 11.67 D.   Rs. 13.50

Question 6

By selling a book for 270, 20% profit was earned. What is the cost price of the book?

 A.   245 B.   225 C.   235 D.   215

Question 7

A man sells two tables at the same price. On one he makes a profit of 10% and on the other he suffers a loss of 10%. His loss per cent on the whole transaction is

 A.   3 % loss B.   2 % loss C.   4 % loss D.   1 % loss

Question 8

A stockiest wants to make some profit by selling sugar. He contemplates about various methods. Which of the following would maximize his profit?

 A.   Mix 10% impurities in sugar and selling sugar at cost price. B.   Increase the price by 5% and reduced weights by 5%. C.   Sell sugar at 10% profit. D.   Use 900 g of weight instead of 1 kg.

Question 9

A dishonest dealer sells his goods at the cost price, but he uses a weight of 900 gm for 1 kgwt. What is his gain percent?

 A.   11 1/9% B.   13 1/9% C.   12 1/9% D.   10 1/9%

Question 10

A vendor sells his articles at a certain profit percentage. If he sells his article at 1/3 of his actual selling price, then he incurs a loss of 40%. What is his actual profit percentage?

 A.   80 % B.   60 % C.   70 % D.   100 %

###### झारखंड कर्मचारी चयन आयोग (Jharkhand Staff Selection Commission) JSSC categories Current AffairsDaily Updated General Knowledge General Mathematics General Science Jharkhand Current AffairsDaily Updated Jharkhand State Related Knowledge Mental Ability Miscellaneous JSSC Questions
###### General Knowledge General Knowledge categories Awards and Honours Basic General Knowledge Biology Books and Authors Days and Years Famous Personalities Famous Places in India General Science Indian Culture Indian Economy Indian Geography Indian History Indian Politics Inventions Sports Technology World Geography World Organisations
###### General Science General Science categories Chemistry Environment Physics
###### Education Education categories Basic facts about education system in India Child Development and Pedagogy Communication Curriculum Development Educational Philosophy Educational Sociology Environmental Studies