Start learning →

GMAT Profit Loss — practice questions

Explore 4 free Profit Loss questions in GMAT Quantitative Reasoning. Open each question or exercise to read its content, reference answers and available explanation.

Practise Profit Loss with Quill →

Profit Loss questions and exercises with answers

Showing questions 1–4 of 4.

Profit is 320% of cost. If cost rises 25% but selling price stays constant, what % of selling price is profit (approx.)?Read the answer and worked solution →By selling 33 metres of cloth, a man loses the SP of 11 metres. His loss %:Read the answer and worked solution →Cost ₹120, sells at ₹150. Profit percent:Read the answer and worked solution →If cost rises 20% and price stays, profit percent falls by:Read the answer and worked solution →

Worked practice questions

Profit is 320% of cost. If cost rises 25% but selling price stays constant, what % of selling price is profit (approx.)?

  1. 30%
  2. 70%
  3. 100%
  4. 250%
Show answer and solution

Correct answer: B. 70%

1. Let cost = 100. Profit = 320, so SP = 420. 2. New cost = 125. New profit = 420 − 125 = 295. 3. 295 / 420 ≈ 0.702 = 70%. _Source: KMAT Karnataka 2021 PYQ Q.41_

Open this question →

By selling 33 metres of cloth, a man loses the SP of 11 metres. His loss %:

  1. 25%
  2. 33⅓%
  3. 30%
  4. 20%
Show answer and solution

Correct answer: A. 25%

1. Let SP per metre = 1. SP of 33 m = 33. Loss = SP of 11 m = 11. 2. Cost = SP + Loss = 33 + 11 = 44. 3. Loss % = 11/44 = 25%. _Source: KMAT Karnataka 2022 PYQ Q.82_

Open this question →

Cost ₹120, sells at ₹150. Profit percent:

  1. 20%
  2. 30%
  3. 25%
  4. 15%
Show answer and solution

Correct answer: C. 25%

1. Profit = 30. 2. 30/120 = 25%. _Source: 501-GMAT-Questions Section 4 / Manhattan Quant Bank_

Open this question →

How to practise

  1. Choose a Profit Loss question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

Put it into practice

Continue with Profit Loss practice for GMAT. Read explanations as you go. No signup form needed to start.

Practise Profit Loss →

More Quantitative Reasoning topics

Modern MathematicsQuantitative ReasoningAlgebraPermutations and CombinationsLogical ReasoningQuantitative AptitudeAverages and MixturesSimple and Compound Interest