Profit and Loss Questions Practice Question and Answer

Q:

If 3 toys are sold at the cost price of 4 toys of the same kind, the profit will be:

1670 0

  • 1
    25%
    Correct
    Wrong
  • 2
    $$ 33{1\over3}\%$$
    Correct
    Wrong
  • 3
    $$ 66{1\over3}\%$$
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "$$ 33{1\over3}\%$$ "

Q:

A merchant buys an article for Rs. 27 and sells it at a profit of 10 % of the selling price. The selling price of the article is: 

1657 0

  • 1
    Rs. 37
    Correct
    Wrong
  • 2
    Rs.32
    Correct
    Wrong
  • 3
    Rs. 29.70
    Correct
    Wrong
  • 4
    Rs. 30
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 30 "
Explanation :

Q:

A wholesaler had 200 dozen of mangoes. He sold some of these mangoes at 20 % profit and the rest at 10 % profit, so that he made 13 % profit on selling all the mangoes. How many mangoes in dozens) did he sell at 20 % profit? 

1638 0

  • 1
    80
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    140
    Correct
    Wrong
  • 4
    60
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "60 "

Q:

A man buys a table and a chair for 500. He sells the table at a loss of 10 % and the chair at a gain of 10 %. He still gain ₹10 on the whole. The cost price of chair in rupees is 

1638 0

  • 1
    ₹ 200
    Correct
    Wrong
  • 2
    ₹ 250
    Correct
    Wrong
  • 3
    ₹ 300
    Correct
    Wrong
  • 4
    ₹ 350
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "₹ 300"

Q:

Sujatha sold 75% of her goods at a profit of 24% and the remaining at a loss of 40%. What is her gain/loss percentage on the whole transaction?

1623 0

  • 1
    8% gain
    Correct
    Wrong
  • 2
    10% gain
    Correct
    Wrong
  • 3
    7.5 % loss
    Correct
    Wrong
  • 4
    9 % loss
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "8% gain"

Q:

Profit obtained on selling an article for Rs 540 is equal to the loss incurred on selling the article for Rs 370. if selling price is Rs. 910, Then what is the profit percentage? 

1618 0

  • 1
    50
    Correct
    Wrong
  • 2
    100
    Correct
    Wrong
  • 3
    $$16{2\over 3}$$
    Correct
    Wrong
  • 4
    $$33{1\over 3}$$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "100"

Q:

A loss of 19% gets converted into a profit of 17% when the selling price is increased by Rs. 162. The cost price of the article is 

1618 0

  • 1
    Rs. 450
    Correct
    Wrong
  • 2
    Rs. 600
    Correct
    Wrong
  • 3
    Rs. 360
    Correct
    Wrong
  • 4
    Rs. 540
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 450"

Q:

Purchased a table for 13500 and sold it 11000. What is his loss percentage?

1603 0

  • 1
    19.81%
    Correct
    Wrong
  • 2
    20.62%
    Correct
    Wrong
  • 3
    21.78%
    Correct
    Wrong
  • 4
    18.52%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "18.52%"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully