CMAT Profit & Loss Practice Questions With Solutions

A person sold an article for i 136 and incurred 15% loss. Had he sold it for ix, he would have obtained a profit of 15%. Which one of the following is correct ?

Ramesh purchased two mobile phones from a shop. He sold first mobile phone at the price of ₹ 18750 and the second mobile phone at the price of ₹ 14250. If the profit percent on first mobile phone is five times of the loss percent on the second mobile phone, then find out the overall profit made by Ramesh after selling both the mobile phones, given that he purchased both at same cost.

A vegetable vendor by means of his false balance defrauds to the extent of 10% in buying goods and also defrauds to 10% in selling, then the gain percent is

A merchant earns 25% profit in general. Once his 25% consignment was abducted forever by some thieves. Trying to compensate for his loss he sold the rest of his consignment by increasing his selling price by 20%. What is the new percentage profit or loss?

In terms of percentage profit, arrange the following transactions in decreasing order.
(A) Cost price : ₹36, Profit: ₹17
(B) Cost price : ₹50, Profit : ₹24
(C) Cost price : ₹40, Profit : ₹19
(D) Cost price : ₹60, Profit : ₹29
Choose the correct answer from the options given below:

Given below are two statements :

Statement II :
A merchant has 1000 kg rice, part of which he sells at 8 % profit and the rest at 16 % profit. He gains 14 % on the whole. The quantity of rice sold at 16 % profit is 750 kg.
In the light of the above statements, choose the correct answer from the option given below:

A dishonest dealer sells his goods at 10 % loss on cost price and uses 30 % less weight. What is his profit or loss percentage ?

If the selling price of 320 Web Cameras is equal to the cost price of 400 Web Cameras, then the percentage profit is :

Given below are two statements:
Statement I : The difference between the cost price and sale price of an article is ₹ 240. If the profit is 20%, then the selling price is ₹ 1440.
Statement II: If the cost price of 10 DVDs is equal to the selling price of 7 DVDs, then the gain percent is $42\frac{6}{7}$
In the light of the above statements, choose the most appropriate answer from the options given below:

If the cost price is 80% of the selling price, then what is the profit in percentage?