Profit and Loss Questions Practice Question and Answer

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?

1140 0

  • 1
    9000
    Correct
    Wrong
  • 2
    8000
    Correct
    Wrong
  • 3
    12000
    Correct
    Wrong
  • 4
    10000
    Correct
    Wrong
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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?

1134 0

  • 1
    15
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    25
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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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?

1131 0

  • 1
    $$ {8{1\over 3}\%}$$
    Correct
    Wrong
  • 2
    $$ {5{1\over 3}\%}$$
    Correct
    Wrong
  • 3
    $$ {8{2\over 3}\%}$$
    Correct
    Wrong
  • 4
    $$ {4{1\over 3}\%}$$
    Correct
    Wrong
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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?

1129 0

  • 1
    187.50
    Correct
    Wrong
  • 2
    192.80
    Correct
    Wrong
  • 3
    188.60
    Correct
    Wrong
  • 4
    190.40
    Correct
    Wrong
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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%?

1128 0

  • 1
    13837
    Correct
    Wrong
  • 2
    52000
    Correct
    Wrong
  • 3
    56775
    Correct
    Wrong
  • 4
    55350
    Correct
    Wrong
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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 

1125 0

  • 1
    540
    Correct
    Wrong
  • 2
    545
    Correct
    Wrong
  • 3
    1090
    Correct
    Wrong
  • 4
    1080
    Correct
    Wrong
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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:

1123 0

  • 1
    Rs.3000
    Correct
    Wrong
  • 2
    Rs.3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3310
    Correct
    Wrong
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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 ?

1123 0

  • 1
    10.5
    Correct
    Wrong
  • 2
    12.5
    Correct
    Wrong
  • 3
    14.5
    Correct
    Wrong
  • 4
    13.5
    Correct
    Wrong
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Answer : 2. "12.5"

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