Profit and Loss Questions for RRB Group-D Set-2 PDF
Download Top-10 RRB Group-D Profit and Loss Questions set-2 PDF. RRB GROUP-D Profit and Loss questions based on asked questions in previous exam papers very important for the Railway Group-D exam.
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Question 1: A shopkeeper puchases an article of Rs. 300 and Marked a price 50% above it. Now sells it after giving a discount of 20%, So what will be the percentage profit/loss earned by the shopkeeper?
a) 20%
b) 30%
c) 25%
d) 24%
Question 2: Ramesh sold an article at Rs 320 and obtained a loss of 20%. At what price should he sell the article to make 30% profit?
a) Rs 460
b) Rs 480
c) Rs 500
d) Rs 520
Question 3: A shopkeeper sells 4/5th of his goods at 36% profit and the rest at 10% loss. What is the overall percentage of profit made by the shopkeeper?
a) 32.4%
b) 28.6%
c) 26.8%
d) 30%
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Question 4: How much profit/loss is incurred by the merchant if he increases the price of an article initially by 30% on its cost price and then decreases it by 30%?
a) 9% loss
b) 9% profit
c) 3% loss
d) 3% profit
Question 5: Pooja sold an article for Rs. 220 at a loss of 20%. At what price should she must have sold it to earn a profit of 20%
a) 290
b) 310
c) 330
d) 300
Question 6: Ashwin invests money in different stocks as follows. He puts half of his money in stock A, half of remaining in stock B, half of remaining in stock C and the remaining in stock D. Stock A makes a profit of 5%, Stock B loses 8%, Stock C makes neither profits nor losses and Stock D makes a profit of 20%. What is Ashwin’s overall profit/loss percentage?
a) 3% profit
b) 5% profit
c) 5% loss
d) 9% profit
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Question 7: A man sells his two cars at the same price. In one car he makes a profit or 10%. In other car he losses 10% over the cost price. His total gain or loss percent is
a) 1% loss
b) 1% gain
c) 2% loss
d) No loss no gain
Question 8: A man sold his TV at a profit of 30% and his AC at a loss of 20%. If the ratio of selling prices of the TV and the AC was 1:2, then find the approximate overall profit/loss percentage.
a) 8%
b) 11%
c) 14%
d) 17%
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Question 9: Ravi bought two articles, one at a price of Rs 600 and the other at Rs 1300. He sold the first article at a loss of 20% and the costlier article at a gain of 20%. Find the overall profit percentage.
a) 5.1%
b) 10.6%
c) 7.4%
d) 12.3%
Question 10: A shopkeeper while selling apples uses faulty balance which weighs 850 g while showing 1000 g. Find the profit or loss percentage experienced by the shopkeeper if he professes to sell at the same rate as CP?
a) 17.65%
b) 14.55%
c) 20.85%
d) 19.75%
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Answers & Solutions:
1) Answer (A)
Cost price = 300 Rs.
Marked Price = 450 Rs.
Discount = 20%
Selling price = 450 – 450*($\frac{20}{100}$) = 360 Rs.
%profit = $\frac{(360-300)}{300} \times 100 = 20\%$
2) Answer (D)
Let the cost price of the article be P.
80% of P = 320 => (80/100)*P = 320 => P = 320*100/80 = 400
So, cost price of the article = Rs 400
Profit = 30% of 400 = Rs 120
So, selling price of the article should be Rs 400 + Rs 120 = Rs 520
3) Answer (C)
Let the number of items be 100 and the cost price of each item be Re 1. So, total cost price = Rs 100
CP of 4/5th of the items = Rs 80
SP of these items = 136/100 * 80 = 108.8
SP of remaining 20 items = (9/10) * 20 = Rs 18
So, total selling price of all the items = Rs 108.8 + Rs 18 = Rs 126.8
Profit percentage = (126.8 – 100)/100 * 100% = 26.8%
4) Answer (A)
Let the cost price be Rs 100.
30% increment in the price => 1.3 * 100 = Rs 130
Now, 30% decrement in the price = 130 * 0.7 = Rs 91
Hence, the price of the article is Rs 91.
Loss = 100 – 91 = Rs 9
Loss % = $\frac{9}{100}*100$ = 9%
5) Answer (C)
Initial Sold Price = Rs. 220
Loss = 20%
Cost price of the article = $\frac{220}{0.8} = 275$ Rs.
Gain = 20%
Hence, new sold price = $275 \times 1.20 = 330$
6) Answer (A)
Let the initial investment be 16x. Hence, he puts 8x in A, 4x in B, 2x in C and 2x in D. Hence, overall profit/ loss % = (8x*5%+4x*-8%+2x*0+2x * 20%)/ 16x = (40x-32x+40x)/1600x = 48x/1600x = 3% profit.
7) Answer (A)
Let the cost price of the 2 cars be x and y.
The selling price of the cars = 1.1 x and .9y
but 1.1 x = .9 y
So, x = 9y/11 = .82 y
Total profit (or loss)= (1.1x + .9y – x – y)/(x+y) = (x/10 – y/10)/(x+ y) = (.82y/10 – y/10) / ( 1.82y) = 1% loss
8) Answer (A)
Let the Selling Price (SP) of TV be x => SP of AC = 2x
Profit on TV = 30% => CP of TV = $\frac{x}{1.3}$
Loss on AC = 20% => CP of TV = $\frac{2x}{0.8}$ = 2.5x
Total CP = $\frac{x}{1.3}$ + 2.5x = 3.27x
Total SP = 3x
Loss = 3.27x – 3x = 0.27x
Loss% = $\frac{0.27x}{3.27x}*100$ = 8.25%
9) Answer (C)
Total Cost Price = 600 + 1300 = 1900
Selling Price of cheaper article = 600 * 0.8 = 480
Selling Price of costlier article = 1300 * 1.2 = 1560
Total Selling Price = 480 + 1560 = 2040
Total profit = 2040 – 1900 = Rs 140
Profit Percentage = $\frac{140}{1900}*100$ = 7.37%
10) Answer (A)
Let the CP of apples be Rs x/g.
When the balance shows 1000g, the customer pays for 1000g and gets 850g apples.
SP = 1000x (As the balance shows 1000g)
CP = 850x (As he is selling only 850 g in reality)
Profit = SP-CP = 1000x-850x = 150x
Profit % =$\frac{Profit}{CP}*100 = \frac{150x}{850x}*100 = 17.64\%$
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