Questions based on Profit and Loss, a part of Quantitiave Aptitude section of CLAT LLB, DU LLB and other law Entrance Exam.

The answers have been given at the end. You need to like the page to show the answers.

Question (1):

A shopkeeper marks some items at 30% above their cost price. He then provides a discount of 30% on the marked price. His loss or gain is:

(a) No Loss / Gain

(b) 9% Loss

(c) 16% Profit

(d) 20% Profit

Question (2):

A horse and a cow were sold for Rs. 12,000 each. The horse was sold at a loss of 20% and the cow at a gain of 20%. The entire transaction resulted in

(a) No Profit or Loss

(b) Loss of Rs. 1,000

(c) Profit of Rs. 1,000

(d) Profit of Rs. 2,000

Question (3):

Deepak bought wood for Rs. 7200 and spent Rs. 200 on transport. He paid Rs. 600 to get 330 wooden boxes made for him. He sold each box at Rs. 28. His profits percentage is:

(a) 15.5

(b) 40

(c) 60

(d) None of these

Question (4):

There would be 10% Loss if an Item is sold at Rs. 10.80 per piece. At what price should it be sold to earn a profit of 20%?

(a) Rs.12

(b) Rs.12.96

(c) Rs.14.40

(d) None

Question (5):

A DVD player is sold at 20% discount on the marked price. If it is sold at 25% discount, another Rs. 500 is  reduced. At what price is it being sold?

(a) Rs.16,000

(b) Rs.12,000

(c) Rs.10,000

(d) Rs. 5,000