Profit and loss is an important chapter for IBPS and all other competitive examinations. In our previous post I explained basic concepts of Profit and loss chapter. This chapter is very popular in quantitative aptitude section of competitive exams Today I am providing you few basic questions from this chapter. In case you find any difficulty then please comment below.

Ravi buys mangoes at Rs 3/kg for Rs 21 and sells them at 5 kg. for Rs.50. To earn Rs. 102 as profit ,he must sell

a) 34 kg.

A speaker is sold at a profit of 16%. If the speaker had been bought at 10% less and sold for Rs. 14 less; there would have been a profit of 25%. The cost price of the speaker is

a) Rs. 480

b) Rs. 440

c) Rs. 400

c) Rs. 360

Rajesh bought 12 kilogram of wheat at the rate of Rs 9.50/ kg. and 18 kg of wheat at Rs. 12.50/kg. He mixed both qualities of wheat and sold that mixture for Rs 12 per kg. Find his profit percentage fro the transaction ?

a) 4

b) 6

c) 12

d) 8

Rahul bougt an iPod three-fourth of its marked price and sells it for 20% more than its marked price. What will be the profit percent?

a) 50%

b) 40%

c) 60%

d) 70%

Cost price of 30 apples is equal to selling price of 40 apples. Calculate profit or loss percentage.

a) 20%

b) 25%

c) 33.3%

d) 16.66%

Two mobiles are sold at Rs 12000 each. One is sold at 20% profit and another is sold at 20% loss. What is the net profit or loss from the both transactions ?

a) Rs 1200 loss

b) Rs 1200 profit

c) Rs 1000 loss

d) Rs 1000 profit

If a product is sold at 20% discount, SP is Rs 24. What is the selling price of the product if discount rate is 30% ?

a) Rs 18

b) Rs 21

c) Rs 24

d) Rs 20

By selling wheat at Rs. 5.58 per kg. a Kishan loses 7%. To gain 7% it must be sold at the rate of Rs.

a) 5.62 per kg

b) 6.42 per kg

c) 7.32 per kg

d) 6.62 per kg

Ravi buys mangoes at Rs 3/kg for Rs 21 and sells them at 5 kg. for Rs.50. To earn Rs. 102 as profit ,he must sell

a) 34 kg.

b) 32 kg.

c) 36 kg.

c) 36 kg.

d) 38 kg.

A speaker is sold at a profit of 16%. If the speaker had been bought at 10% less and sold for Rs. 14 less; there would have been a profit of 25%. The cost price of the speaker is

a) Rs. 480

b) Rs. 440

c) Rs. 400

c) Rs. 360

Rajesh bought 12 kilogram of wheat at the rate of Rs 9.50/ kg. and 18 kg of wheat at Rs. 12.50/kg. He mixed both qualities of wheat and sold that mixture for Rs 12 per kg. Find his profit percentage fro the transaction ?

a) 4

b) 6

c) 12

d) 8

Rahul bougt an iPod three-fourth of its marked price and sells it for 20% more than its marked price. What will be the profit percent?

a) 50%

b) 40%

c) 60%

d) 70%

Cost price of 30 apples is equal to selling price of 40 apples. Calculate profit or loss percentage.

a) 20%

b) 25%

c) 33.3%

d) 16.66%

Two mobiles are sold at Rs 12000 each. One is sold at 20% profit and another is sold at 20% loss. What is the net profit or loss from the both transactions ?

a) Rs 1200 loss

b) Rs 1200 profit

c) Rs 1000 loss

d) Rs 1000 profit

If a product is sold at 20% discount, SP is Rs 24. What is the selling price of the product if discount rate is 30% ?

a) Rs 18

b) Rs 21

c) Rs 24

d) Rs 20

By selling wheat at Rs. 5.58 per kg. a Kishan loses 7%. To gain 7% it must be sold at the rate of Rs.

a) 5.62 per kg

b) 6.42 per kg

c) 7.32 per kg

d) 6.62 per kg