Profit and Loss (Railway Maths) (Part – I)

Total Questions: 50

1. The percentage profit earned by James by selling an article for ₹ 1,920 is equal to the percentage loss incurred by selling the same article for ₹ 1,500. At what selling price should he sell the article if he wants to make a profit of 10%? [Group D 17/08/2022 (Afternoon) ]

Correct Answer: (c) ₹1,881
Solution:

2. A vendor sold 25 laptops at a profit of 12% and 15 laptops at a profit of 20%. If he had sold all the 40 laptops at a profit of 18%, his profit would have increased by ₹30,000. What is the cost price of each laptop, if the cost price of all the 40 laptops is the same? [Group D 18/08/2022 (Afternoon) ]

Correct Answer: (c) ₹25,000
Solution:

3. A dishonest shopkeeper claims to sell rice at the cost price of ₹95 per kg, but the weight he uses has 1 kg written on it, while it actually weighs 950 gms. The profit he thus earns on selling rice having an actual weight of 100 kg rice is: [Group D 29/08/2022 (Morning)]

Correct Answer: (a) ₹500
Solution:

4. A dishonest shopkeeper pretends to sell his goods at cost price, but uses a false weight on which 984 gm is written but which actually weighs much less. Using this false weight the shopkeeper actually makes a gain of 23%. Find the actual measure of the weight (in gm) used. [Group D 30/08/2022 (Morning)]

Correct Answer: (b) 800
Solution:

5. A retailer permits a trade discount of 25% followed by a cash discount of 8% on the already discounted price of his goods, and still makes a net gain of 17.3% of the cost price. At what percentage above the cost price of the goods is the marked price fixed? [Group D 02/09/2022 (Morning)]

Correct Answer: (d) 70%
Solution:

6. An article is sold at a profit of 28%. If the cost price is increased by ₹50 and the selling price is reduced by ₹18, then the profit would be 11.6%. What is the original cost price (in ₹) of the article? [Group D 08/09/2022 (Morning)]

Correct Answer: (d) 450
Solution:

7. If a discount of 10% is given on the marked price of a book, the bookseller gains 20%. If the discount is increased to 12.5%, then what is the gain percent of the bookseller? [Group D 08/09/2022 (Afternoon) ]

Correct Answer: (c)
Solution:

8. The marked price of an article is ₹100. If the article is sold at a discount of 25%, then 25% profit is realised. The percentage loss or percentage profit made (approximately) if it is sold for ₹20 less than the marked price is: [Group D 08/09/2022 (Evening) ]

Correct Answer: (d)
Solution:

9. Aman purchased two varieties of apples at the rate of ₹2 for 3 apples and ₹1 per apple, respectively. If he purchased an equal number of apples of each variety and then sold all his apples at ₹1 per apple, what was his profit percentage? [Group D 18/09/2022 (Evening)]

Correct Answer: (b) 20%
Solution:

10. A man purchased 50 dozen bananas for a certain amount. He could not sell five dozen of those bananas as they were spoiled. He sold two-thirds of the good bananas at a profit of 20% per dozen and sold the remaining good bananas at a profit of 5% per dozen. What was his loss or gain percentage in the whole transaction? [Group D 18/09/2022 (Evening)]

Correct Answer: (a) 3.5% gain
Solution: