Profit and Loss Questions Practice Question and Answer
8 Q: A businessman sells a commodity at 10 % profit. If he had bought it at 10 % less and sold it for Rs. 2 less, then he would have gained $$16{2\over3}\%$$. The cost price of the commodity is
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5efc79a1eb90be58c59038e5- 1Rs . 32false
- 2Rs . 48false
- 3Rs . 36false
- 4Rs . 40true
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Answer : 4. "Rs . 40 "
Q: Ranveer bought a computer paying 25% less than the list price and sold it to his neighbour at a 40% profit on his purchase cost. The profit percentage earned by Ranveer on the list price of the computer is:
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6422573232185cce370796a3- 110%false
- 27.5%false
- 36.67%false
- 45%true
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Answer : 4. "5%"
Q: A shopkeeper had 2000 kgs of rice. He sold a part of it at 11% profit and the rest at 17% profit, so that he made a total profit 15.2%. How much rice (in kgs) did he sell at 17% profit?
1254 05dca96a185d84c59cfba67a2
5dca96a185d84c59cfba67a2- 1600false
- 21400true
- 3700false
- 41200false
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Answer : 2. "1400"
Q: By selling 66 metres cloth, a man loses S.P. of 11 metres. What is the loss percent?
1249 060b60cc93065e2501934e6da
60b60cc93065e2501934e6da- 1$$ {14{2\over 7}}{\%}$$true
- 2$$ {28{2\over 7}}{\%}$$false
- 3$$ {19{2\over 7}}{\%}$$false
- 4$$ {17{2\over 7}}{\%}$$false
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Answer : 1. "$$ {14{2\over 7}}{\%}$$"
Q: A shopkeeper sold his goods at half the list price and thus lost 20 %. If he had sold on the listed price, his gain percentage would be
1247 05efd3f4d7228dd6b06e2916a
5efd3f4d7228dd6b06e2916a- 120%false
- 260%true
- 335%false
- 472%false
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Answer : 2. "60% "
Q: Rahul purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
1246 05f97fca4d433054b5c8ae755
5f97fca4d433054b5c8ae755- 13.5false
- 24.5false
- 36.5false
- 45.6true
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Answer : 4. " 5.6"
Q: The cost price of an article is ₹390. If it is to be sold at a profit of 3.12 %, how much would be its approximate selling price?
1244 05df222db0183ea49d62dc550
5df222db0183ea49d62dc550- 1410 ₹false
- 2402 ₹true
- 3417 ₹false
- 4420 ₹false
- 5442 ₹false
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Answer : 2. "402 ₹"
Q: A man bought a chair for ₹580. At what price should he sell the chair so as to gain 25%?
1239 06428210fdcb650c145720e76
6428210fdcb650c145720e76- 1₹1,080false
- 2₹725true
- 3₹590false
- 4₹820false
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