{"id":92734,"date":"2026-01-28T19:12:05","date_gmt":"2026-01-28T13:42:05","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=92734"},"modified":"2026-03-30T16:06:11","modified_gmt":"2026-03-30T10:36:11","slug":"profit-and-loss-practice-questions","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/profit-and-loss-practice-questions\/","title":{"rendered":"Profit &amp; Loss Practice Questions for Govt Exams, Attempt LIVE Quiz"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss-practice-questions\/#Download_Profit_and_Loss_Questions_PDF\" >Download Profit and Loss Questions PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss-practice-questions\/#Live_Profit_and_Loss_Practice_Questions\" >Live Profit and Loss Practice Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss-practice-questions\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss-practice-questions\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss-practice-questions\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss-practice-questions\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss-practice-questions\/#Profit_Loss_Questions_Asked_in_Actual_Exams\" >Profit &amp; Loss Questions Asked in Actual Exams<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss-practice-questions\/#Sneak-peak_into_the_Profit_and_Loss_Questions_PDF\" >Sneak-peak into the Profit and Loss Questions PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/profit-and-loss-practice-questions\/#Profit_and_Loss_Concepts_Formulaes\" >Profit and Loss Concepts &amp; Formulaes<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>If you are preparing for <strong>RBI Assistant, SBI Clerk\/PO, IBPS, SSC, or other Government exams<\/strong>, then <strong>Profit and Loss<\/strong> is one topic you simply cannot ignore. From our topper&#8217;s and my own preparation experience, we would like to tell you that this chapter looks easy at first, but it can become tricky if concepts are not crystal clear. In this article, we are sharing <strong>everything a serious aspirant needs<\/strong> i.e. concepts, formulas, common traps, exam-level practice questions, and preparation tips. You will also be able to attempt the questions live in this blog.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-profit-and-loss-questions-pdf\"><span class=\"ez-toc-section\" id=\"Download_Profit_and_Loss_Questions_PDF\"><\/span>Download Profit and Loss Questions PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To access the complete set of Profit &amp; Loss questions, you must download the PDF given below. This PDF includes some of the questions with solutions to help you prepare effectively for the upcoming exams.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=contpn&amp;cat=banking&amp;next=https:\/\/bit.ly\/profit-and-loss-rbi-ass\">Download the free ebook here<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-live-profit-and-loss-practice-questions\"><span class=\"ez-toc-section\" id=\"Live_Profit_and_Loss_Practice_Questions\"><\/span>Live Profit and Loss Practice Questions  <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Practice the profit &amp; loss questions for <a href=\"https:\/\/www.oliveboard.in\/rbi-office-attendant\/?ref=contss-quiz\" target=\"_blank\" rel=\"noreferrer noopener\">RBI Office Attendant<\/a>, <a href=\"https:\/\/www.oliveboard.in\/sbi-clerk\/?ref=contss-quiz\" target=\"_blank\" rel=\"noreferrer noopener\">SBI Clerk<\/a> and other exams live. This quiz will help you identify your score as per the exam marking scheme. <\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span>Profit &#038; Loss Questions Quiz<\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. Selling price of an article is Rs. 2220 and the percent profit earned is 20%. What is the cost price of the article?<\/p>\n  <button data-correct=\"false\">Rs. 1750<\/button>\n  <button data-correct=\"false\">Rs. 1876<\/button>\n  <button data-correct=\"false\">Rs. 1776<\/button>\n  <button data-correct=\"true\">Rs. 1850<\/button>\n  <button data-correct=\"false\">None of these<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. A shopkeeper purchased 15 kg of variety \u201cA\u201d rice and 10 kg of variety \u201cB\u201d rice. Had the two varieties been mixed and sold at an overall profit of 20%, what would have been the selling price (per kg)?<\/p>\n  <button data-correct=\"true\">Rs. 26.40<\/button>\n  <button data-correct=\"false\">Rs. 23.20<\/button>\n  <button data-correct=\"false\">Rs. 24.20<\/button>\n  <button data-correct=\"false\">Rs. 25.00<\/button>\n  <button data-correct=\"false\">None of these<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. The cost price of a calculator is Rs. 5,000 and he loses 25%. Find his selling price.<\/p>\n  <button data-correct=\"false\">Rs. 1250<\/button>\n  <button data-correct=\"false\">Rs. 1280<\/button>\n  <button data-correct=\"true\">Rs. 3750<\/button>\n  <button data-correct=\"false\">Rs. 4512<\/button>\n  <button data-correct=\"false\">Rs. 3421<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. Find the cost price of an article which is sold at INR 720, at profit of 12.5%.<\/p>\n  <button data-correct=\"true\">INR 640<\/button>\n  <button data-correct=\"false\">INR 620<\/button>\n  <button data-correct=\"false\">INR 650<\/button>\n  <button data-correct=\"false\">INR 600<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. Profit earned by selling an article for Rs. 1450 is same as the loss incurred by selling the article for Rs. 1280. What is the cost price of the article?<\/p>\n  <button data-correct=\"false\">1385<\/button>\n  <button data-correct=\"false\">1405<\/button>\n  <button data-correct=\"false\">1355<\/button>\n  <button data-correct=\"true\">1365<\/button>\n  <button data-correct=\"false\">None of these<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. Shyam buys laptops from two vendors and sells all at Rs. 50,000 per unit. What is the profit percentage?<\/p>\n  <button data-correct=\"true\">32.5<\/button>\n  <button data-correct=\"false\">47.5<\/button>\n  <button data-correct=\"false\">57<\/button>\n  <button data-correct=\"false\">65<\/button>\n  <button data-correct=\"false\">None of these<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. A company marks up a plan by 60%, offers a discount of 20%, and pays 15% service tax itself. Find his profit percentage.<\/p>\n  <button data-correct=\"true\">8.8%<\/button>\n  <button data-correct=\"false\">22.5%<\/button>\n  <button data-correct=\"false\">5.6%<\/button>\n  <button data-correct=\"false\">10.5%<\/button>\n  <button data-correct=\"false\">None of these<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. Two merchants sell an article for Rs. 1,000 each. Both make a profit of 25%, but compute it differently. By how many rupees is the actual profit made by B more than that made by A?<\/p>\n  <button data-correct=\"false\">Rs. 75<\/button>\n  <button data-correct=\"false\">Rs. 66<\/button>\n  <button data-correct=\"false\">Rs. 60<\/button>\n  <button data-correct=\"true\">Rs. 50<\/button>\n  <button data-correct=\"false\">None of these<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. If the ratio of cost price to selling price is 10:11, then the rate of profit is?<\/p>\n  <button data-correct=\"false\">1.1%<\/button>\n  <button data-correct=\"true\">10%<\/button>\n  <button data-correct=\"false\">0.1%<\/button>\n  <button data-correct=\"false\">1%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. If the cost price of 25 chairs is equal to the selling price of 30 chairs, then find the loss percentage.<\/p>\n  <button data-correct=\"false\">5%<\/button>\n  <button data-correct=\"false\">20%<\/button>\n  <button data-correct=\"true\">16 2\/3%<\/button>\n  <button data-correct=\"false\">25%<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span class=\"ez-toc-section\" id=\"Sign_Up\"><\/span>Sign Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                   <div class=\"loginas-group loginas-group1 loginas-group-single\">\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437394_8652&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437394_8652\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 44px; width: 204px; border: 0px; margin: -2px -10px;\"><\/iframe><\/div><\/div>\n                   <\/div>\n                   <h6 class=\"signup-subheader\">Or, register with email<\/h6>\n                   <label class=\"errormsg txt-red courseUp\"><\/label>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                        <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-uemail\" required=\"\">\n                        <span class=\"floating-label\" style=\"top: 19px; font-size: 12px;\">Email Id<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mobile-black.svg\" alt=\"\"><\/span>\n                        <input type=\"text\" maxlength=\"10\" name=\"monum\" class=\"formcontrol ob-inputfield\" id=\"course-uphone\" required=\"\">\n                        <span class=\"floating-label\">Mobile Number<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                        <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-upassword\" required=\"\">\n                        <span class=\"floating-label\">Password<\/span>\n                   <\/div>\n                   <button type=\"button\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseUpValidation('home','IBPS','https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common');return false;\" id=\"courseup\">REGISTER<\/button>\n                    <p class=\"obls-footer\">Already a user?<button type=\"button\" class=\"btn btn-xs btn-switch-obls btn-show-modal-login\" id=\"btn-show-modal-login\">Login<\/button><\/p>\n               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src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-email\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginnext-group\" id=\"loginnext-group\"><!-- pass and captcha -->\n                           <div class=\"formcontrol-group\">\n                                <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                                <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-password\" required=\"\">\n                                <span class=\"floating-label\">Password<\/span>\n                           <\/div>\n                           <div style=\"display:none\" id=\"img-oblcaptcha\" class=\"captcha-img-blk\">\n                           <\/div>\n                           <div style=\"display:none\" class=\"formcontrol-group captcha-input-blk\">\n                                <input type=\"text\" name=\"pwd1\" value=\"1\" class=\"formcontrol ob-inputfield\" id=\"lcaptcha-code\" required=\"\">\n                                <span class=\"floating-label\">Enter text you see in the image<\/span>\n                           <\/div>\n                       <\/div><!-- pass and captcha -->\n                       \n                       <div class=\"btn-forgotpwd-group\"><button id=\"btn-forgotpwd\" class=\"btn btn-forgotpwd\">Forgot Password?<\/button><\/div>\n                       <button type=\"button\" id=\"coursein1\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseInValidation1()\">Next<\/button>\n                       <button type=\"button\" id=\"coursein\" class=\"btn btn-md btn-tblue btn-obls coursein\" onclick=\"courseInValidation('https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common')\">Submit<\/button>\n            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These Previous Year Questions (PYQs) help you understand the exam pattern, difficulty level, and common question types that examiners prefer. Below are some of the <strong>real exam Profit &amp; Loss questions<\/strong>, along with the exam name and detailed solutions.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Question (Overview)<\/strong><\/td><td><strong>Exam in which this question is asked<\/strong><\/td><td><strong>Key Concept Tested<\/strong><\/td><td><strong>Detailed Solution<\/strong><\/td><\/tr><tr><td>Anikesh sold two chairs, one at 20% profit and another at 10% loss<\/td><td>SBI Clerk Prelims<\/td><td>Equal Selling Price<\/td><td><a href=\"https:\/\/www.oliveboard.in\/question-answer\/pyq-anikesh-sold-two-chairs-one-at-20-profit-and-another-at-10-loss-if\" target=\"_blank\" rel=\"noreferrer noopener\">View Solution<\/a><\/td><\/tr><tr><td>Three shopkeepers dealing in two stationery items<\/td><td><a href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=contss-quiz\" target=\"_blank\" rel=\"noreferrer noopener\">RBI Grade B<\/a> Phase 1<\/td><td>Data Interpretation + Profit &amp; Loss<\/td><td><a href=\"https:\/\/www.oliveboard.in\/question-answer\/pyq-directions-there-are-3-shopkeepers-who-deal-in-2-stationery-items-pen-1784821-423785\" target=\"_blank\" rel=\"noreferrer noopener\">View Solution<\/a><\/td><\/tr><tr><td>Table showing total imports of goods of five companies<\/td><td>SSC CGL Tier I<\/td><td>Tabular Data + Profit Analysis<\/td><td><a href=\"https:\/\/www.oliveboard.in\/question-answer\/pyq-consider-the-given-table-for-total-imports-of-goods-of-5-companies\" target=\"_blank\" rel=\"noreferrer noopener\">View Solution<\/a><\/td><\/tr><tr><td>Article sold for \u20b96400 gives profit which is 20 times<\/td><td><a href=\"https:\/\/www.oliveboard.in\/ibps-rrb-officer\/?ref=contss-quiz\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS RRB PO<\/a> Prelims<\/td><td>Profit Ratio Concept<\/td><td><a href=\"https:\/\/www.oliveboard.in\/question-answer\/pyq-the-profit-is-earned-when-an-article-is-sold-for-rs-6400-is-20-times\" target=\"_blank\" rel=\"noreferrer noopener\">View Solution<\/a><\/td><\/tr><tr><td>Shopkeeper sold two pens at \u20b945 each with 25% profit<\/td><td>SBI Clerk Prelims<\/td><td>Same SP \u2013 Different CP<\/td><td><a href=\"https:\/\/www.oliveboard.in\/question-answer\/pyq-a-shopkeeper-sold-two-pens-at-rs45-each-he-made-a-profit-of-25-on-the\" target=\"_blank\" rel=\"noreferrer noopener\">View Solution<\/a><\/td><\/tr><tr><td>Merchant sells part of sugar at profit and part at loss<\/td><td><a href=\"https:\/\/www.oliveboard.in\/ssc-cgl\/?ref=contss-quiz\" target=\"_blank\" rel=\"noreferrer noopener\">SSC CGL<\/a> Tier I<\/td><td>Mixed Profit &amp; Loss<\/td><td><a href=\"https:\/\/www.oliveboard.in\/question-answer\/pyq-a-merchant-has-1000-kg-of-sugar-part-of-which-he-sells-at-a-10-profit\" target=\"_blank\" rel=\"noreferrer noopener\">View Solution<\/a><\/td><\/tr><tr><td>Total profit earned by P and Q after investments<\/td><td>SBI Clerk Prelims<\/td><td>Partnership + Profit<\/td><td><a href=\"https:\/\/www.oliveboard.in\/question-answer\/pyq-total-profit-earned-by-p-and-q-after-investing-rs12000-and-rs9000\" target=\"_blank\" rel=\"noreferrer noopener\">View Solution<\/a><\/td><\/tr><tr><td>Selling price given with 15% profit on marked price<\/td><td><a href=\"https:\/\/www.oliveboard.in\/sbi-clerk\/?ref=contss-quiz\" target=\"_blank\" rel=\"noreferrer noopener\">SBI Clerk<\/a> Prelims<\/td><td>Marked Price &amp; Discount<\/td><td><a href=\"https:\/\/www.oliveboard.in\/question-answer\/pyq-selling-price-of-an-item-is-83776900-on-a-profit-of-15-if-marked\" target=\"_blank\" rel=\"noreferrer noopener\">View Solution<\/a><\/td><\/tr><tr><td>Find profit percent when cost price is a fraction of SP<\/td><td>SBI Clerk Prelims<\/td><td>Fraction-based Profit<\/td><td><a href=\"https:\/\/www.oliveboard.in\/question-answer\/pyq-find-the-profit-percent-when-the-cost-price-of-an-item-is-35th-of-its\" target=\"_blank\" rel=\"noreferrer noopener\">View Solution<\/a><\/td><\/tr><tr><td>Hemant bought a watch and sold it at 24% profit<\/td><td><a href=\"https:\/\/www.oliveboard.in\/ibps-clerk\/?ref=contss-quiz\" target=\"_blank\" rel=\"noreferrer noopener\">IBPS Clerk<\/a> Prelims<\/td><td>Direct Profit Calculation<\/td><td><a href=\"https:\/\/www.oliveboard.in\/question-answer\/pyq-hemant-bought-a-watch-for-83773550-and-sold-it-at-a-profit-of-24-what\" target=\"_blank\" rel=\"noreferrer noopener\">View Solution<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sneak-peak-into-the-profit-and-loss-questions-pdf\"><span class=\"ez-toc-section\" id=\"Sneak-peak_into_the_Profit_and_Loss_Questions_PDF\"><\/span>Sneak-peak into the Profit and Loss Questions PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"585\" height=\"552\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2022\/03\/image-1.png\" alt=\"\" class=\"wp-image-92736\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-profit-and-loss-concepts-amp-formulaes\"><span class=\"ez-toc-section\" id=\"Profit_and_Loss_Concepts_Formulaes\"><\/span>Profit and Loss Concepts &amp; Formulaes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This topic is asked in almost all Government exams like RBI Grade B, SBI Clerk\/PO, IBPS,<a href=\"https:\/\/www.oliveboard.in\/ssc-exams\/?ref=contss-quiz\" target=\"_blank\" rel=\"noreferrer noopener\"> SSC<\/a>, <a href=\"https:\/\/www.oliveboard.in\/railway-rrb-ntpc\/?ref=contss-quiz\" target=\"_blank\" rel=\"noreferrer noopener\">RRB NTPC<\/a>, and State-level exams. Profit and Loss questions are usually easy to moderate, but only if the concepts are clear.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>Topic<\/td><td>Concept\/ Condition<\/td><td>Formula<\/td><\/tr><tr><td>Cost Price (CP)<\/td><td>Price at which article is purchased<\/td><td>CP<\/td><\/tr><tr><td>Selling Price (SP)<\/td><td>Price at which article is sold<\/td><td>SP<\/td><\/tr><tr><td>Profit (Gain)<\/td><td>SP &gt; CP<\/td><td>Profit = SP \u2212 CP<\/td><\/tr><tr><td>Loss<\/td><td>CP &gt; SP<\/td><td>Loss = CP \u2212 SP<\/td><\/tr><tr><td>Profit Percentage<\/td><td>Profit calculated on CP<\/td><td>(Profit \u00f7 CP) \u00d7 100<\/td><\/tr><tr><td>Loss Percentage<\/td><td>Loss calculated on CP<\/td><td>(Loss \u00f7 CP) \u00d7 100<\/td><\/tr><tr><td>SP (Profit %)<\/td><td>When profit percentage is given<\/td><td>SP = CP \u00d7 (100 + Profit %) \u00f7 100<\/td><\/tr><tr><td>SP (Loss %)<\/td><td>When loss percentage is given<\/td><td>SP = CP \u00d7 (100 \u2212 Loss %) \u00f7 100<\/td><\/tr><tr><td>CP (Profit %)<\/td><td>When profit percentage is given<\/td><td>CP = SP \u00d7 100 \u00f7 (100 + Profit %)<\/td><\/tr><tr><td>CP (Loss %)<\/td><td>When loss percentage is given<\/td><td>CP = SP \u00d7 100 \u00f7 (100 \u2212 Loss %)<\/td><\/tr><tr><td>Marked Price (MP)<\/td><td>Printed price on article<\/td><td>MP<\/td><\/tr><tr><td>Discount<\/td><td>Reduction on MP<\/td><td>Discount = MP \u2212 SP<\/td><\/tr><tr><td>Discount Percentage<\/td><td>Discount on MP<\/td><td>(Discount \u00f7 MP) \u00d7 100<\/td><\/tr><tr><td>SP after Discount<\/td><td>Discounted selling price<\/td><td>MP \u00d7 (100 \u2212 Discount %) \u00f7 100<\/td><\/tr><tr><td>Successive Profit\/Loss<\/td><td>Two successive changes<\/td><td>Net % = a + b + (a \u00d7 b) \u00f7 100<\/td><\/tr><tr><td>Successive Rule<\/td><td>Profit positive, loss negative<\/td><td>Use sign carefully<\/td><\/tr><tr><td>Same SP (Gain &amp; Loss)<\/td><td>One gain x%, one loss x%<\/td><td>Always a loss<\/td><\/tr><tr><td>Same SP Formula<\/td><td>Equal SP case<\/td><td>Net Loss % = (x \u00d7 x) \u00f7 100<\/td><\/tr><tr><td>Dishonest Shopkeeper<\/td><td>Less quantity, same price<\/td><td>Always gain<\/td><\/tr><tr><td>False Weight Formula<\/td><td>x g less per kg<\/td><td>Gain % = x \u00f7 (1000 \u2212 x) \u00d7 100<\/td><\/tr><tr><td>Multiple Articles<\/td><td>More than one article sold<\/td><td>Total CP, Total SP<\/td><\/tr><tr><td>Profit\/Loss (Multiple)<\/td><td>Compare totals<\/td><td>Profit\/Loss = Total SP \u2212 Total CP<\/td><\/tr><tr><td>Profit\/Loss % (Multiple)<\/td><td>On total CP<\/td><td>(Profit or Loss \u00f7 Total CP) \u00d7 100<\/td><\/tr><tr><td>Exam Rule 1<\/td><td>Percentage always on CP<\/td><td>Never on SP<\/td><\/tr><tr><td>Exam Rule 2<\/td><td>Gain &amp; loss don\u2019t cancel<\/td><td>Concept trap<\/td><\/tr><tr><td>Exam Rule 3<\/td><td>Assume CP = 100<\/td><td>Simplifies calculation<\/td><\/tr><tr><td>Exam Rule 4<\/td><td>Dishonest shopkeeper<\/td><td>Always profit<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/maths-quiz\/\">Attempt Maths Quiz and Download Maths Quiz Questions PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/most-expected-gk-questions-for-rbi-assistant-mains\/\">RBI Assistant GA Questions, Trends &amp; Analysis 2017\u20132026<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pib-february-current-affairs-quiz\/\">Attempt PIB February Current Affairs 2026 Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/50-most-repetitive-jaiib-ppb-mcqs\/\">50 Most Repetitive MCQs for JAIIB PPB 2026, Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/pib-preparation-for-rbi-grade-b\/\">What toppers do differently while preparing PIB for RBI Grade B?<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/nabard-esi-economics-social-issues-exam-preparation-material-quiz\/\">Attempt NABARD Grade A ESI Practice Quiz &amp; Download PDF<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>If you are preparing for RBI Assistant, SBI Clerk\/PO, IBPS, SSC, or other Government exams, then Profit and Loss is<\/p>\n","protected":false},"author":60,"featured_media":236231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2151,10237],"tags":[],"class_list":["post-92734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-quiz_test","category-preparation-resources","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Profit &amp; Loss Practice Questions for Govt Exams, Attempt LIVE Quiz<\/title>\n<meta name=\"description\" content=\"Profit and Loss Questions for RBI, SSC, RRB NTPC &amp; other govt exams are given. 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