Profit and Loss Questions Practice Question and Answer
8 Q: Sarita started a boutique investing an amount of 50,000. Six months later Neeta joined her with an amount of 80,000. At the end of one year they earned a profit of 18,000. What is the Sarita’s share in the profit?
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605c58b03af5ff63fd6b47eb- 19000false
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Answer : 4. "10000"
Q: A scooter was purchased for Rs 30,000 and Rs 3,000 was spent to repair it. It was sold for Rs 39,600. What was the profit percentage?
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5f6d86d1f9079a64e3bed9f3- 115false
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Answer : 2. "20"
Q: If a shopkeeper bought 70 kg of potatoes for Rs 420 and sold the entire purchase at the rate of 6.50 per kg, what was his profit percentage?
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5fb39f7206649f682b909ba7- 1$$ {8{1\over 3}\%}$$true
- 2$$ {5{1\over 3}\%}$$false
- 3$$ {8{2\over 3}\%}$$false
- 4$$ {4{1\over 3}\%}$$false
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Answer : 1. "$$ {8{1\over 3}\%}$$"
Q: Raghu sold an article for Rs. 180 after allowing a 20% discount on its marked price. Had he not allowed any discount, he would have gained 20%. What is the cost price of the article?
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5fbf7d5290530f6255a1b994- 1187.50true
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Answer : 1. "187.50"
Q: While selling an article for Rs 18450, a person suffered a loss of 50%. At what price he should have sold the article (in Rs) to earn a profit of 50%?
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5f3f8e269ab97f7febf641f0- 113837false
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Answer : 4. "55350"
Q: A person bought some articles at the rate of 5 per rupee and the same number at the rate of 4 per rupee. He mixed both the types and sold at the rate of 9 for 2 rupees. In this business he suffered a loss of Rs. 3. The total number of articles bought by him was
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5efc6f0f196e681f76eace0e- 1540false
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Answer : 4. "1080 "
Q: An article was sold for Rs.4000. Had a discount of 10% was being offered, the profit would have been 20%. The cost price of the article was:
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60c09b39c197293a48275231- 1Rs.3000true
- 2Rs.3600false
- 3Rs. 3200false
- 4Rs. 3310false
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Answer : 1. "Rs.3000"
Q: What is the discount rate of a gift whose selling price is Rs. 420 after a reduction of Rs. 60 on its marked price ?
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