Profit and Loss Questions Practice Question and Answer

Q:

A man purchased a bed sheet for Rs. 450 and sold it at again of 10 % calculated on the selling price. The selling price of the bedsheets was 

1445 0

  • 1
    Rs. 460
    Correct
    Wrong
  • 2
    Rs . 475
    Correct
    Wrong
  • 3
    Rs . 480
    Correct
    Wrong
  • 4
    Rs . 500
    Correct
    Wrong
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Answer : 4. "Rs . 500 "

Q:

If an item is sold for Rs. 270, there is a loss of 10 percent on it , then what will be the cost price of that item?

1432 0

  • 1
    Rs. 300
    Correct
    Wrong
  • 2
    Rs. 330
    Correct
    Wrong
  • 3
    Rs. 240
    Correct
    Wrong
  • 4
    Rs. 324
    Correct
    Wrong
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Answer : 1. "Rs. 300 "

Q:

A person bought pens at 25 for a rupee and sold at 15 for a rupee. What is his profit percentage? 

1430 0

  • 1
    $$66{2\over 3}$$
    Correct
    Wrong
  • 2
    40
    Correct
    Wrong
  • 3
    $$16{2\over 3}$$
    Correct
    Wrong
  • 4
    $$33{1\over 3}$$
    Correct
    Wrong
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Answer : 1. "$$66{2\over 3}$$"

Q:

Krishna bought a camera and paid 20 % less than its original price. He sold it at 40 % profit on the price he had paid. The percentage of profit earned by Krishna on the original price was 

1423 0

  • 1
    12
    Correct
    Wrong
  • 2
    15
    Correct
    Wrong
  • 3
    22
    Correct
    Wrong
  • 4
    32
    Correct
    Wrong
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Answer : 1. "12"

Q:

The reduction of Rs . 12 in the selling price of an article will changes 5 % gain into  $$ 2{1\over 2}\% $$ loss . The cost price of the article is 

1417 0

  • 1
    Rs. 140
    Correct
    Wrong
  • 2
    Rs. 160
    Correct
    Wrong
  • 3
    Rs. 80
    Correct
    Wrong
  • 4
    Rs. 100
    Correct
    Wrong
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Answer : 2. "Rs. 160"

Q:

If the cost of production of an article is 2/5 of its marked retail price, If it is sold at 10 % discount then what will be profit ? 

1410 0

  • 1
    25%
    Correct
    Wrong
  • 2
    40%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    125%
    Correct
    Wrong
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Answer : 4. "125% "

Q:

Cost of 36 pens and 42 Pencils is Rs 460. What is the cost of 18 pens and 21 pencils?

1408 0

  • 1
    230
    Correct
    Wrong
  • 2
    203
    Correct
    Wrong
  • 3
    302
    Correct
    Wrong
  • 4
    320
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "230"
Explanation :

(36 Pens + 42 Pencils)=460
2(18Pens + 21 Pencils) = 460
18 Pens +21 Pencils =230 Ans.

Q:

If the selling price of a product is multiplied by 2, the resulting profit is 6 times the original profit. What is the original profit percentage?

1406 0

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

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