Profit and Loss Questions Practice Question and Answer

Q:

A shopkeeper bought 25 kg. of pulses at the rate of Rs. 54 kg. He sold forty percent of the total quantity at the rate of Rs. 50 per kg. at what price per kg should he sell the approximately quantity to make 25% overall profit ?

704 0

  • 1
    79
    Correct
    Wrong
  • 2
    81
    Correct
    Wrong
  • 3
    98
    Correct
    Wrong
  • 4
    67
    Correct
    Wrong
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Answer : 1. "79"

Q:

The cost price of 12 pens is equal to the selling price of 8 pens. The profit percentage is:

1148 0

  • 1
    50 %
    Correct
    Wrong
  • 2
    40 %
    Correct
    Wrong
  • 3
    55 %
    Correct
    Wrong
  • 4
    45 %
    Correct
    Wrong
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Answer : 1. "50 %"

Q:

A man sold a watch at a loss of 5%. If he would have sold it for Rs. 27 more, he would have gained 7%. The cost price of the watch is -

720 0

  • 1
    Rs. 325
    Correct
    Wrong
  • 2
    Rs. 225
    Correct
    Wrong
  • 3
    Rs. 500
    Correct
    Wrong
  • 4
    Rs. 375
    Correct
    Wrong
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Answer : 2. "Rs. 225"

Q:

A trader sold two items at the same price. One at 20% profit and another at 10% loss. The overall profit / loss percentage of the trader is ________

711 0

  • 1
    4% loss
    Correct
    Wrong
  • 2
    4% profit
    Correct
    Wrong
  • 3
    8% loss
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these"

Q:

A shopkeeper cheats to the extent of 10% while buying and selling fruits, by using tampered weights. His total gain , in percentage is:

869 0

  • 1
    22
    Correct
    Wrong
  • 2
    21
    Correct
    Wrong
  • 3
    23
    Correct
    Wrong
  • 4
    24
    Correct
    Wrong
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Answer : 3. "23"

Q: On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is ? 1659 0

  • 1
    Rs. 55
    Correct
    Wrong
  • 2
    Rs. 60
    Correct
    Wrong
  • 3
    Rs. 65
    Correct
    Wrong
  • 4
    Rs. 70
    Correct
    Wrong
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Answer : 2. "Rs. 60"
Explanation :

Answer: B) Rs. 60 Explanation: Let the cost price of a ball is Rs.xGiven, on selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 ballsThe equation is :17x - 720 = 5xSolving the equation we get x = 60Therefore, cost price of a ball is Rs. 60.

Q:

The cost price of 20 articles is the same as the selling price of x articles. If there is 25% gain, then the value of x

834 1

  • 1
    15
    Correct
    Wrong
  • 2
    16
    Correct
    Wrong
  • 3
    18
    Correct
    Wrong
  • 4
    25
    Correct
    Wrong
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Answer : 2. "16"

Q:

A phone is sold for Rs. 860 at a loss of 20% for how much should it be sold gain 10%?

952 0

  • 1
    Rs.1182.5
    Correct
    Wrong
  • 2
    Rs.1168.5
    Correct
    Wrong
  • 3
    Rs.1092.5
    Correct
    Wrong
  • 4
    Rs.1220.5
    Correct
    Wrong
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Answer : 1. "Rs.1182.5"

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