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RRB NTPC Profit and Loss — practice questions

Explore 74 free Profit and Loss questions in RRB NTPC Quantitative Aptitude. Open each question or exercise to read its content, reference answers and available explanation.

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Profit and Loss questions and exercises with answers

Showing questions 1–30 of 74.

A discount is a reduction given on which price of an article?Read the answer and worked solution →An item marked at 840 is sold for 714. The discount per cent is:Read the answer and worked solution →A frock is listed at 220 and a discount of 20% is announced. Its sale price is:Read the answer and worked solution →A table marked at 15,000 is available for 14,400. The discount per cent is:Read the answer and worked solution →An almirah is sold for 5,225 after a discount of 5%. Its marked price was:Read the answer and worked solution →An article bought for 400 is sold for 500. The profit per cent is:Read the answer and worked solution →A shopkeeper marks goods 25% above cost and then allows a 20% discount. His overall result is:Read the answer and worked solution →An item is sold for 15,000 at a loss of 20%. Its cost price was:Read the answer and worked solution →A shop offers a 20% discount. The sale price of a bag marked at 250 is:Read the answer and worked solution →Selling an article at Rs 1080 earns a 20% profit. Its cost price isRead the answer and worked solution →A bag sold for Rs 720 incurs a loss of 10%. What did the bag cost?Read the answer and worked solution →A shopkeeper marks an item 20% above its cost of Rs 500 and sells it at that price. The selling price isRead the answer and worked solution →After a 25% discount on an item marked Rs 800, the customer paysRead the answer and worked solution →Two successive discounts of 10% and 20% are equal to a single discount ofRead the answer and worked solution →A profit of 25% on cost price is what percent of the selling price?Read the answer and worked solution →A margin of 20% on selling price corresponds to what profit percent on cost?Read the answer and worked solution →If the selling price of 15 articles equals the cost price of 20, the gain percent isRead the answer and worked solution →Selling 8 articles brings the same sum as buying 10. The gain percent isRead the answer and worked solution →The cost of 9 articles equals the selling price of 12 articles. Loss percent isRead the answer and worked solution →A grocer uses a 900 g weight as 1 kg but sells at cost price. His gain percent isRead the answer and worked solution →Two items sell at Rs 1200 each, one at 20% profit and one at 20% loss. Overall result?Read the answer and worked solution →A dealer sells two scooters at Rs 9900 each, gaining 10% on one and losing 10% on the other. Net outcome?Read the answer and worked solution →An item marked up 40% over cost is sold after a 25% discount. The profit percent isRead the answer and worked solution →Goods are marked 30% above cost and sold at 10% off the marked price. Profit percent?Read the answer and worked solution →A seller lists goods 40% above cost, then allows a 20% discount. What is his gain?Read the answer and worked solution →An item is marked 25% above cost. What discount on it leaves a 10% profit?Read the answer and worked solution →Marked at Rs 500, an article is sold for Rs 425. The rate of discount isRead the answer and worked solution →An item marked Rs 600 is sold at 20% off, giving a 20% profit. Its cost price isRead the answer and worked solution →Selling at Rs 480 gives a 20% profit. At what price would the profit be 35%?Read the answer and worked solution →A chair sold for Rs 450 at a 10% loss. To gain 10% it must be sold atRead the answer and worked solution →

Worked practice questions

A discount is a reduction given on which price of an article?

  1. The cost price
  2. The marked price
  3. The sale price
  4. The wholesale price
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Correct answer: B. The marked price

1. A shop shows a price on the tag, which is the marked price or list price. 2. Discount is a reduction given on the marked price of the article. 3. It is offered to attract customers or to promote sales. 4. Subtracting the sale price from the marked price gives the discount. 5. The cost price is what the seller paid, and it is not what the discount is measured against. _Source: syllabus Maths, Ch 7 'Comparing Quantities', S7.2 Finding Discounts_

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An item marked at 840 is sold for 714. The discount per cent is:

  1. 12%
  2. 18%
  3. 15%
  4. 20%
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Correct answer: C. 15%

1. The discount in rupees is marked price minus sale price. 2. That is 840 - 714 = 126. 3. Discount per cent is always taken on the marked price as the base. 4. So it is 126 / 840 x 100. 5. That gives 15 per cent. Dividing by the sale price instead would wrongly give about 17.6 per cent. _Source: syllabus Maths, Ch 7 'Comparing Quantities', S7.2 Finding Discounts_

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A frock is listed at 220 and a discount of 20% is announced. Its sale price is:

  1. 44
  2. 180
  3. 200
  4. 176
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Correct answer: D. 176

1. The list price is the same as the marked price, so the base is 220. 2. A discount of 20 per cent means 20 off every 100. 3. The discount is therefore 20 / 100 x 220 = 44. 4. The sale price is 220 - 44 = 176. 5. Answering 44 gives the discount rather than the price actually paid. _Source: syllabus Maths, Ch 7 'Comparing Quantities', S7.2 Finding Discounts_

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