Profit and Loss Questions Practice Question and Answer

Q:

The cost price of item B is Rs. 150/- more than the cost price of item A. Item A was sold at a profit of 10% and item B was sold at a loss of 20%. If the respective ratio of selling prices of items A and B is 11 : 12, what is the cost price of item B?

1169 1

  • 1
    Rs. 450/-
    Correct
    Wrong
  • 2
    Rs. 420/-
    Correct
    Wrong
  • 3
    Rs. 400/-
    Correct
    Wrong
  • 4
    Rs. 350/-
    Correct
    Wrong
  • 5
    Rs. 480/-
    Correct
    Wrong
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Answer : 1. "Rs. 450/-"

Q: Pratap bought a radio at a discount of 25% on the real price. He got 40 Rs more, when he sold it at 140 percent of the cost price. Find the the price at which Pratap bought the radio? 3498 0

  • 1
    800
    Correct
    Wrong
  • 2
    700
    Correct
    Wrong
  • 3
    900
    Correct
    Wrong
  • 4
    600
    Correct
    Wrong
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Answer : 4. "600"

Q:

If the ratio of cost price and selling price is 5 : 4, then the loss percentage is-

755 1

  • 1
    20 %
    Correct
    Wrong
  • 2
    25 %
    Correct
    Wrong
  • 3
    40 %
    Correct
    Wrong
  • 4
    50 %
    Correct
    Wrong
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Answer : 1. "20 % "

Q:

A cow was sold at 8% profit. If it were bought at 20% less and sold at 40% profit, then the owner would gain ₹ 640 more. Find the initial cost price of the cow.

1435 1

  • 1
    ₹ 15,000
    Correct
    Wrong
  • 2
    ₹ 16,000
    Correct
    Wrong
  • 3
    ₹ 20,000
    Correct
    Wrong
  • 4
    ₹ 25,000
    Correct
    Wrong
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Answer : 2. "₹ 16,000 "

Q:

A vacuum cleaner was marked at 30% above the cost price and a discount of 24% was given on its marked price. What is the profit/loss percentage?

1638 0

  • 1
    4%
    Correct
    Wrong
  • 2
    1.2%
    Correct
    Wrong
  • 3
    6.25%
    Correct
    Wrong
  • 4
    2.5%
    Correct
    Wrong
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Answer : 2. "1.2%"

Q:

An article is sold at a profit of 20% of its cost price. If cost price and selling price reduces by Rs 10 and Rs. 5 respectively, then the percentage profit increased to 30%. Find the cost price?

1002 0

  • 1
    Rs. 80
    Correct
    Wrong
  • 2
    Rs. 50
    Correct
    Wrong
  • 3
    Rs. 75
    Correct
    Wrong
  • 4
    Rs. 60
    Correct
    Wrong
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Answer : 1. "Rs. 80"

Q:

An article is sold for Rs 4,777 after giving a discount of 15%. What is the marked price of the article?

840 0

  • 1
    5495
    Correct
    Wrong
  • 2
    5420
    Correct
    Wrong
  • 3
    5620
    Correct
    Wrong
  • 4
    5348
    Correct
    Wrong
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Answer : 3. "5620"

Q:

If Cost price of an article is Rs.220 and profit is 20 %, then what will be the selling price of the article?

974 0

  • 1
    Rs. 264
    Correct
    Wrong
  • 2
    Rs. 216
    Correct
    Wrong
  • 3
    Rs. 176
    Correct
    Wrong
  • 4
    Rs. 256
    Correct
    Wrong
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Answer : 1. "Rs. 264"

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