Profit and Loss Questions Practice Question and Answer

Q:

The cost price of an article is 480. If it is to be sold at a profit of 6.25 %, how much would be its selling price? 

1727 0

  • 1
    Rs 510
    Correct
    Wrong
  • 2
    Rs 530
    Correct
    Wrong
  • 3
    Rs 503
    Correct
    Wrong
  • 4
    Rs 519
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 510"

Q:

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

1708 0

  • 1
    25%
    Correct
    Wrong
  • 2
    Correct
    Wrong
  • 3
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
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Answer : 2. " "

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: 

1692 0

  • 1
    Rs. 37
    Correct
    Wrong
  • 2
    Rs.32
    Correct
    Wrong
  • 3
    Rs. 29.70
    Correct
    Wrong
  • 4
    Rs. 30
    Correct
    Wrong
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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? 

1675 0

  • 1
    80
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    140
    Correct
    Wrong
  • 4
    60
    Correct
    Wrong
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Answer : 4. "60 "

Q:

When Vijay sells 12 pens, he gains the selling price of pens. Calculate his % profit?

1674 0

  • 1
    15%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 2. "20%"

Q: A fruit seller buys lemons two for Rs 1 and sells at 5 for Rs 3 rate. Find his profit percent. 1672 0

  • 1
    10
    Correct
    Wrong
  • 2
    15
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    25
    Correct
    Wrong
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Answer : 3. "20 "

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 

1664 0

  • 1
    ₹ 200
    Correct
    Wrong
  • 2
    ₹ 250
    Correct
    Wrong
  • 3
    ₹ 300
    Correct
    Wrong
  • 4
    ₹ 350
    Correct
    Wrong
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Answer : 3. "₹ 300"

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? 

1659 0

  • 1
    50
    Correct
    Wrong
  • 2
    100
    Correct
    Wrong
  • 3
    Correct
    Wrong
  • 4
    Correct
    Wrong
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Answer : 2. "100"

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