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PRACTICE SET FORSBI CLERK EXAM
BY
LEEPE TUTORIALSCO 37, Top Floor
Sector-23/CChandigarh
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PROFIT AND LOSS
There must be 2 or 3 questions which are based upon
profit and loss. It is an important chapter you can
crack the question easily if you have the concept ofprofit and loss cleared in your mind. Here are some
practice question based on profit and loss.
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Practice Set
Q1 A person sells an article for a price which gives him a profitof 30% on cost price of Rs 500. calculate the selling price ofthe article?
a. 600 b. 650 c. 700 d. 750
Q2 A person buys an article for Rs 600 and sells the same at aloss of 30% find the selling price of an article?
a. 400 b. 410 c. 420 d. 430
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Practice Set
Q3 A person marks his good 20% more than the cost price andallows some discount on it. he still of makes a profit of 10%.find the discount percentage?
a. 5.33% b. 6.33% c. 7.33% d. 8.33%
Q4 A person sells an article for Rs 360 at a loss of 10%. forwhat price should he sell the same article to gain 20%?
a. 480 b. 490 c. 500 d. 510
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Q5 A dishonest dealer professes to sell his good at cost price butuses a weight of 960g for app Kg weight. find the gain percentage?
a. 23/6% b. 25/6% c. 27/6% d. none of these
Q6 A dishonest dealer professes to sell his goods at the cost price.but he uses a false weight and thus gains 6 18/47%. find the weighthe uses in place of 1 Kg?
a. 910g b. 940g c. 970g d. 990g
Practice Set
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Practice Set
Q7 By selling two articles for Rs 180 each a shopkeeper gains20% on one and losses 20% on the other, find the percentageprofit/loss?
a. 3% b.4% c. 5% d. 6%
Q8 A shopkeeper sells two items at the same price. if he sellsone of them at a profit of 10% and other at a loss of 10% . findthe percentage profit/ loss?
a. 1% b. 2% c. 3% d. 4%
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Practice Set
Q9 A dishonest businessman professes to sell his articles atcost price but he uses a false weights with which he cheats by10% while buying and by 10% while selling. find the profitpercentage?
a. 11.11% b. 22.22% c. 33.33% d. 44.44%
Q10 By selling 20 oranges, a person recover the cost price of25 oranges. find the gain or loss percentage?
a. 15% b. 20% c. 25% d. 30%
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Practice Set
Q11 Toffees are bought at 12 for a rupee and are sold 10 for arupee. Find the percentage profit or loss?
a. 10% b. 15% c. 20% d. 25%
Q12 A shopkeeper allows a discount of 10% on the markedprice. how much cost price must he mark his good to gain 8%?
a. 90 b. 100 c. 110 d. 120
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Practice Set
Q13 A person bought an article and sold it at loss of 10%. If hehad bought it for 20% less and sold it for Rs 55 more, he wouldhave had profit of 40%. find the cost price of the article?
a. 250 b. 260 c. 270 d. 280
Q14 calculate a single discount to a series of discount of 20%,10% and 5%?
a. 30.6% b. 31.6% c. 32.6% d. 33.6%
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Practice Set
Answers PROFIT AND LOSS
1 B 2 C 3 D 4 A 5 B 6 B 7 B 8 A 9 B 10 C
11 C 12 D 13 A 14 B 15 C
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