Profit and Loss Maths Quiz for Every Competitive Exams GS Team published here most important Profit and Loss Maths Questions and Answers in english for Every competitive exams like SBI, RRB, Railway, Police, Clerk, Bank IBPS and more. These questions and answers will be helpful for crack all competitive exams.
SET 2 – Profit and Loss Aptitute Questions and Answers (Quiz) for Competitive Exams
Question 1. Each of the two items is sold for a price of Rs. 4880. One of them has a profit of 22% on the sale of Vastu and a loss of 20% on the other. How much profit or loss did the seller make to one decimal place)?
1. 3.4% loss
2. 3.6% loss
3. 3.6% profit
4. 3.4% profit
[su_spoiler title = “Show Answer” style = “fancy”]Answer: 3.4% loss[/su_spoiler]
Question 2. If the price of sugar increases by 24% and a person wants to increase his spending by only 15%, then he will have to decrease the consumption by what percentage?
1. 7.3
2. 7.1
3. 6.9
4. 7.5
[su_spoiler title = “Show Answer” style = “fancy”]Answer: 7.3[/su_spoiler]
Question 3. Each of the two items is sold for a price of Rs. 4.956. One of them has an 18% gain on the sale of Vastu and 16% loss on the other. How much profit or loss did the seller make to one decimal place)?
1. 1.9% loss
2. 2.1% profit
3. 2.1% profit
4. 1.9% loss
[su_spoiler title = “Show Answer” style = “fancy”]Answer: 1.9% loss[/su_spoiler]
Question 4. An item is sold for 612 after a gradual discount of 25% and 15%. What will be the face value of that Vastu?
1. 960 rupees
2. 940 Rupees
3. 980 rupees
4. 1000 rupees
[su_spoiler title = “Show Answer” style = “fancy”]Answer: Rs 960[/su_spoiler]
Question 5. Each of the two items is sold for a price of Rs. 975. One of them has a profit of 30% on the sale of Vastu and 25% on the other. How much profit or loss did the seller make to one decimal place)?
1. 5.3% profit
2. 4.9% loss
3. 4.9% profit
4. 5.1% loss
[su_spoiler title = “Show Answer” style = “fancy”]Answer: 4.9% loss[/su_spoiler]
Question 6. An item is sold for 612 rupees after a gradual discount of 25% and x%. If the face value of that item is 960 rupees, then what will be the value of x?
1. 14
2. 12
3. 15
4. 10
[su_spoiler title = “Show Answer” style = “fancy”]Answer: 15[/su_spoiler]
Question 7. An item is sold for 288% after a gradual discount of 20% and 25%. What is the face value of that vastu?
1. 480 rupees
2. 460 rupees
3. 520 rupees
4. 500 rupees
[su_spoiler title = “Show Answer” style = “fancy”]Answer: Rs 480[/su_spoiler]
Question 8. Each of the two items is sold for Rs 4,752. The seller has a profit of 32% on the sale of one Vastu and a loss of 28% on the other. What is the overall profit or loss percentage? To one decimal place)?
1. 6.8 Benefits
2. 7.3 Benefits
3. 7.3 loss
4. 6.8 Loss
[su_spoiler title = “Show Answer” style = “fancy”]Answer: 6.8 loss[/su_spoiler]
Question 9. An item is sold for Rs 535.50 after a gradual discount of 25% and 15%. What will be the face value of that item?
1. 820 rupees
2. 840 rupees
3. 800 rupees
4. 830 rupees
[su_spoiler title = “Show Answer” style = “fancy”]Answer: Rs 840[/su_spoiler]
Question 10. Each of the two items is sold at a price of Rs. 262. On one of those Vastu, the seller has a profit of 30% and on the second year there is a loss of 26%. What percentage of profit or loss did the seller make overall (to one decimal place)?
1. 6.0%
2. 5.3%
3. 6.0%
4. 5.7%
[su_spoiler title = “Show Answer” style = “fancy”]Answer: 5.7%[/su_spoiler]
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