Profit and Loss Questions Practice Question and Answer

Q:

By selling an article for Rs. 600 there is a profit of 20%. What is the cost price of the article?

504 0

  • 1
    600
    Correct
    Wrong
  • 2
    457
    Correct
    Wrong
  • 3
    244
    Correct
    Wrong
  • 4
    500
    Correct
    Wrong
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Answer : 4. "500"

Q:

If the loss is 20%, by what fraction should the selling price be multiplied to get the cost price?

595 0

  • 1
    4/5
    Correct
    Wrong
  • 2
    8/5
    Correct
    Wrong
  • 3
    5/4
    Correct
    Wrong
  • 4
    6/5
    Correct
    Wrong
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Answer : 3. "5/4"

Q:

The cost of a new scooter is Rs 25000, at the end of each year its value becomes 80% of the starting price of that year, what will be the cost of the scooter after 3 years?

685 0

  • 1
    12000
    Correct
    Wrong
  • 2
    12800
    Correct
    Wrong
  • 3
    10000
    Correct
    Wrong
  • 4
    12500
    Correct
    Wrong
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Answer : 2. "12800"

Q:

A shopkeeper charges his customers 15% above the cost price, if a customer has bought a sofa-set for 9039, then for how much did the shopkeeper buy it?

512 0

  • 1
    Rs. 7880
    Correct
    Wrong
  • 2
    7660
    Correct
    Wrong
  • 3
    7860
    Correct
    Wrong
  • 4
    7680
    Correct
    Wrong
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Answer : 3. "7860 "

Q:

Total cost of A pens and (A-2) pencils is Rs 424. If one pencil and one pen costs Rs 4 and Rs 20 respectively then find A?

473 0

  • 1
    16
    Correct
    Wrong
  • 2
    18
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    20
    Correct
    Wrong
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Answer : 2. "18"

Q:

The item costing Rs. 840 was sold by A shopkeeper at a gain of 10% and it was again sold by the new buyer at the loss of 5%. find the selling price of the item is

418 1

  • 1
    Rs. 877.80
    Correct
    Wrong
  • 2
    Rs. 798
    Correct
    Wrong
  • 3
    Rs. 924
    Correct
    Wrong
  • 4
    Rs. 37.80
    Correct
    Wrong
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Answer : 1. "Rs. 877.80"

Q:

By selling an article at 2/3 of the Marked price, there is a loss of 10%. The profit percent when the article is sold at the Marked prices

595 0

  • 1
    20%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    40%
    Correct
    Wrong
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Answer : 3. "35%"

Q:

A shopkeeper on selling 33 metres of cloth obtain a profit equal to the selling price of 11 metre of cloth the profit is

564 0

  • 1
    40%
    Correct
    Wrong
  • 2
    22%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    11%
    Correct
    Wrong
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Answer : 3. "50%"

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