Preparing for CLAT? Attempt these Profit and Loss Questions for CLAT 2025 and test your preparation today!
QUESTIONS
1. A shopkeeper bought a saree for ₹1500 and sold it for ₹2000. What was his profit percentage after paying a commission of 10% to the selling agent?
A) 20%
B) 33.33%
C) 27%
D) 25%
B) 33.33%
C) 27%
D) 25%
2. A scooter was bought for ₹30,000 and sold at a loss of 10%. If the cost of repairs amounted to ₹2000, what was the net loss percentage?
A) 16%
B) 14%
C) 10%
D) 12%
B) 14%
C) 10%
D) 12%
3. A shirt is marked at ₹800. If the shopkeeper allows a discount of 25%, but incurs an additional cost of ₹50 for packaging, what is the effective profit percentage?
A) 25%
B) 20.5%
C) 17.5%
D) 30%
B) 20.5%
C) 17.5%
D) 30%
4. A mobile phone is sold at a profit of 20%. If the cost price of the mobile phone is ₹10,000, what is the selling price after the shopkeeper offers a cashback of ₹500 to the customer?
A) ₹12,000
B) ₹11,000
C) ₹10,500
D) ₹11,500
B) ₹11,000
C) ₹10,500
D) ₹11,500
5. A vendor sells fruits at a profit of 25%. If the cost price of 1 kg of apples is ₹80, at what price per kg should he sell to earn a profit of 40%?
A) ₹120
B) ₹112
C) ₹140
D) ₹100
B) ₹112
C) ₹140
D) ₹100
6. A company offers a discount of 15% on the marked price of a product. If a customer pays ₹850 after availing the discount, what was the original marked price of the product?
A) ₹1000
B) ₹800
C) ₹900
D) ₹950
B) ₹800
C) ₹900
D) ₹950
7. A trader sells a shirt at a profit of 20%. If he had bought it for ₹600 less and sold it for ₹600 more, he would have gained 50%. What is the cost price of the shirt?
A) ₹1200
B) ₹1400
C) ₹1600
D) ₹1800
B) ₹1400
C) ₹1600
D) ₹1800
8. A retailer bought a refrigerator for ₹15,000 and sold it at a profit of 20%. He invested the selling amount in a business where he incurred a loss of 10%. What is the overall profit or loss percentage?
A) 8% profit
B) 8% loss
C) 12% profit
D) 12% loss
B) 8% loss
C) 12% profit
D) 12% loss
9. A vendor sells oranges at ₹60 per dozen and incurs a loss of 20%. To earn a profit of 20%, what should be the selling price per dozen?
A) ₹80
B) ₹90
C) ₹100
D) ₹120
B) ₹90
C) ₹100
D) ₹120
10. A trader sells a bicycle at a profit of 25%. If the selling price of the bicycle is ₹3000, what was the cost price of the bicycle after giving a discount of 10%?
A) ₹2250
B) ₹2400
C) ₹2500
D) ₹2600
B) ₹2400
C) ₹2500
D) ₹2600
11. A shopkeeper marks up the cost price of a shirt by ₹300 and then offers a discount of 10%. If the selling price after discount is ₹1620, what was the original cost price of the shirt?
A) ₹1200
B) ₹1350
C) ₹1500
D) ₹1650
B) ₹1350
C) ₹1500
D) ₹1650
12. A trader marks his goods at 40% above the cost price and allows a discount of 20% on the marked price. If he still makes a profit of ₹200, what is the cost price of the goods?
A) ₹400
B) ₹500
C) ₹600
D) ₹800
B) ₹500
C) ₹600
D) ₹800
13. A merchant bought some pens at ₹15 each. He sold 40% of them at ₹18 each, 30% at ₹20 each, and the remaining at ₹25 each. If he made a profit of ₹1500 in total, how many pens did he buy?
A) 200
B) 250
C) 300
D) 350
B) 250
C) 300
D) 350
14. A shopkeeper marked the price of a laptop 25% above the cost price and offered a discount of 15% on the marked price. If he made a profit of ₹750, what was the cost price of the laptop?
A) ₹3000
B) ₹3250
C) ₹3500
D) ₹3750
B) ₹3250
C) ₹3500
D) ₹3750
15. A trader sells a table at a profit of 15%. If he had sold it for ₹150 less, he would have gained 10%. What is the cost price of the table?
A) ₹750
B) ₹1000
C) ₹1250
D) ₹1500
B) ₹1000
C) ₹1250
D) ₹1500
16. A trader purchases 100 kg of rice at ₹40 per kg. He sells a certain quantity at a profit of 25% and the rest at a loss of 10%. If his overall profit is ₹200, how much rice did he sell at a profit?
A) 30 kg
B) 50 kg
C) 60 kg
D) 70 kg
B) 50 kg
C) 60 kg
D) 70 kg
17. A merchant buys 150 pairs of shoes at ₹500 per pair. He sells 60% of them at a profit of 40% and the remaining at a profit of 25%. What is his total profit?
A) ₹24,000
B) ₹27,000
C) ₹30,000
D) ₹32,500
B) ₹27,000
C) ₹30,000
D) ₹32,500
18. A jeweler in Jaipur buys gold ornaments at ₹50,000 each. He sells half of them at a profit of 20% and the remaining at a profit of 10%. If he sold a total of 20 ornaments, what is his total profit?
A) ₹90,000
B) ₹95,000
C) ₹1,00,000
D) ₹1,05,000
B) ₹95,000
C) ₹1,00,000
D) ₹1,05,000
19. A shopkeeper bought some electronics items for ₹2,00,000. He sold some of them at a profit of 15% and the rest at a profit of 25%. If his total profit was ₹42,000, what was the value of the items sold at a 25% profit?
A) ₹80,000
B) ₹90,000
C) ₹1,00,000
D) ₹1,20,000
B) ₹90,000
C) ₹1,00,000
D) ₹1,20,000
20. A jeweler buys 50 gold rings for ₹25,000 each. He sells 30 of them at a profit of 15% and the rest at a profit of 5%. What is his total profit?
A) ₹1,50,000
B) ₹1,25,000
C) ₹1,00,000
D) ₹75,000
B) ₹1,25,000
C) ₹1,00,000
D) ₹75,000
ANSWERS
- A
- A
- D
- D
- B
- A
- C
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Ruchika Mohapatra
Contributing author
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