Plutomonk Start free

Quantitative Aptitude · Bank exam practice

Profit & Loss questions for bank exams

Profit and loss questions cover cost price, selling price, marked price, discounts and successive discounts. Plutomonk has 1,040 Profit & Loss questions in Prelims and Mains sets of 10, each with a worked solution. They are useful for IBPS PO, SBI PO, IBPS Clerk, SBI Clerk, IBPS RRB and RBI Assistant.

Practise Profit & Loss freeToday's Daily Challenge
Quick tip

Treat every discount and markup as a multiplier. A 20% markup and 10% discount is 1.2 × 0.9 = 1.08, which is an 8% profit.

Profit & Loss sample questions with answers

These are from the first Prelims and Mains sets. Try each question before you open the solution.

Q1. An article costing ₹2,900 is sold at a profit of 10%. Find the selling price.

  1. ₹3,240
  2. ₹3,190
  3. ₹2,910
  4. ₹3,290
  5. ₹2,610
Show answer and solution

Answer: B. ₹3,190

SP = 2900 × (100 + 10)/100 = ₹3,190.

Q2. An article bought for ₹3,100 is sold for ₹4,030. Find the profit percent.

  1. 28%
  2. 30%
  3. 35%
  4. 23.08%
  5. 40%
Show answer and solution

Answer: B. 30%

Profit = 930; % = 930/3100 × 100 = 30%.

Q3. An article bought for ₹3,050 is sold for ₹3,965. Find the profit percent.

  1. 28%
  2. 30%
  3. 40%
  4. 60%
  5. 23.08%
Show answer and solution

Answer: B. 30%

Profit = 915; % = 915/3050 × 100 = 30%.

Q4. An article costing ₹4,450 is sold at a loss of 10%. Find the selling price.

  1. ₹3,955
  2. ₹4,055
  3. ₹4,895
  4. ₹4,105
  5. ₹4,005
Show answer and solution

Answer: E. ₹4,005

SP = 4450 × (100 − 10)/100 = ₹4,005.

Q5. An article costing ₹900 is sold at a loss of 40%. Find the selling price.

  1. ₹640
  2. ₹940
  3. ₹590
  4. ₹490
  5. ₹540
Show answer and solution

Answer: E. ₹540

SP = 900 × (100 − 40)/100 = ₹540.

Q6. An article costing ₹3,750 is sold at a loss of 12%. Find the selling price.

  1. ₹3,250
  2. ₹3,400
  3. ₹3,762
  4. ₹3,300
  5. ₹3,350
Show answer and solution

Answer: D. ₹3,300

SP = 3750 × (100 − 12)/100 = ₹3,300.

Q7. An article bought for ₹1,750 is sold for ₹1,925. Find the profit percent.

  1. 15%
  2. 10%
  3. 9.09%
  4. 8%
  5. 20%
Show answer and solution

Answer: B. 10%

Profit = 175; % = 175/1750 × 100 = 10%.

Q8. An article costing ₹2,600 is sold at a profit of 30%. Find the selling price.

  1. ₹3,330
  2. ₹3,380
  3. ₹1,820
  4. ₹3,480
  5. ₹2,630
Show answer and solution

Answer: B. ₹3,380

SP = 2600 × (100 + 30)/100 = ₹3,380.

Q9. A shopkeeper marks an article 50% above its cost price of ₹1,400 and allows a discount of 15%. Find the profit or loss percent.

  1. Profit 35%
  2. Loss 27.5%
  3. Profit 50%
  4. Loss 15%
  5. Profit 27.5%
Show answer and solution

Answer: E. Profit 27.5%

MP = ₹2,100, SP = ₹1,785. Result = 27.5% on CP.

Q10. A shopkeeper marks an article 20% above its cost price of ₹4,500 and allows a discount of 25%. Find the profit or loss percent.

  1. Profit -5%
  2. Loss 25%
  3. Profit 20%
  4. Profit 15%
  5. Loss 10%
Show answer and solution

Answer: E. Loss 10%

MP = ₹5,400, SP = ₹4,050. Result = -10% on CP.

Q11. A shopkeeper marks an article 25% above its cost price of ₹1,300 and allows a discount of 25%. Find the profit or loss percent.

  1. Loss 25%
  2. Profit 25%
  3. Profit 0%
  4. Profit 11.25%
  5. Loss 6.25%
Show answer and solution

Answer: E. Loss 6.25%

MP = ₹1,625, SP = ₹1,218.75. Result = -6.25% on CP.

Q12. A shopkeeper marks an article 25% above its cost price of ₹3,000 and allows a discount of 20%. Find the profit or loss percent.

  1. Profit 5%
  2. Loss 0%
  3. Loss 20%
  4. Profit 2%
  5. Profit 0%
Show answer and solution

Answer: E. Profit 0%

MP = ₹3,750, SP = ₹3,000. Result = 0% on CP.

Want 1,028+ more Profit & Loss questions?

Open the free app for a new set every day, with timer, percentile and rank.

Start Profit & Loss practice

More Quantitative Aptitude topics

Practise for your exam

IBPS POSBI POIBPS ClerkSBI ClerkIBPS RRBRBI Assistant