CET Profit and Loss Questions with Solutions – Page 5
All 29 Profit and Loss questions from MBA CET 2025 and 2026 papers. Tap Show answer, or open the detailed solution (free login). Page 5 of 6.
Two musical instruments were purchased for Rs. 8,000. The first was sold at a profit of 40% and the second at a loss of 40%. If the sale price was the same in both cases, then the cost price of the cheaper instrument (in Rs.) was:
- 2500
- 2400
- 2200
- 2000
- 2300
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Answer: B. 2400
Five kg of butter was bought by a shopkeeper for ₹300. One kg becomes unsaleable. He sells the remaining in such a way that, on the whole, he incurs a loss of 10%. At what price (in Rs. per kg) was the butter sold?
- 67.50
- 52.5
- 72.5
- 60
- 55
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Answer: A. 67.50
A man sold two steel chairs for Rs. 500 each. On one, he gains 20% and on the other, he loses 12%. How much does he gain or lose in the whole transaction?
- 1.5% gain
- 1.5% loss
- 2% gain
- 2% loss
- 1% loss
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Answer: A. 1.5% gain
A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18%. The wholesaler sells the same to a retailer at a profit of 20%. The retailer in turn sells them to a customer for Rs. 30.09, thereby earning a profit of 25%. What is the cost price of the pair of glasses to the manufacturer?
- 15
- 20
- 17
- 18
- 16
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Answer: C. 17
A shopkeeper bought 150 calculators at the rate of Rs 250 per calculator. He spent Rs 2500 on transportation and packing If the marked price of a calculator is Rs. 320 per calculator and the shopkeeper gives a discount of 5% on the marked price, then what will be the percentage profit gained by the shopkeeper?
- 12%
- 13%
- 14%
- 15%
- 16%
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Answer: C. 14%