Profit and Loss Questions Practice Question and Answer

Q:

A dealer buys a table listed at Rs 1,500 and gets successive discounts of 20% and 10%. He spends Rs. 20 on transportation and sells it at a profit of 20%. The selling price of the table is

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  • 1
    Rs.1320
    Correct
    Wrong
  • 2
    Rs.1350
    Correct
    Wrong
  • 3
    Rs.1360
    Correct
    Wrong
  • 4
    Rs.1380
    Correct
    Wrong
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Answer : 1. "Rs.1320 "
Explanation :

Q:

An article is sold at 5 % profit. The ratio of selling price and cost price will be 

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  • 1
    1 : 5
    Correct
    Wrong
  • 2
    20 : 21
    Correct
    Wrong
  • 3
    21 : 20
    Correct
    Wrong
  • 4
    5 : 1
    Correct
    Wrong
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Answer : 3. "21 : 20 "

Q:

What would be the printed price of a wallclock purchased at ₹380, so that after giving 5 % discount, there is 25 % profit? 

1080 0

  • 1
    ₹ 500
    Correct
    Wrong
  • 2
    ₹ 600
    Correct
    Wrong
  • 3
    ₹ 400
    Correct
    Wrong
  • 4
    ₹ 450
    Correct
    Wrong
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Answer : 1. "₹ 500 "

Q:

Arun bought an old computer and spent ₹110 on its repairs. He then sold it to Bhola at a profit of 20%. Bhola sold it to Chandan at a loss of 10%. Chandan finally sold it for ₹1,188 at a profit of 10%. How much did Arun buy the computer for?

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  • 1
    ₹890
    Correct
    Wrong
  • 2
    ₹640
    Correct
    Wrong
  • 3
    ₹750
    Correct
    Wrong
  • 4
    ₹1,050
    Correct
    Wrong
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Answer : 1. "₹890"

Q:

If an article is sold at 200 % profit then the ratio of its cost price to its selling price will be 

1070 0

  • 1
    1 : 2
    Correct
    Wrong
  • 2
    2 : 1
    Correct
    Wrong
  • 3
    1 : 3
    Correct
    Wrong
  • 4
    3 : 1
    Correct
    Wrong
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Answer : 3. "1 : 3 "

Q:

A shopkeeper allows 25% discount on his advertised price and to make a profit 25% on his outlay. What is the advertised price (in Rs.) on which he gains Rs. 6000?

1069 0

  • 1
    36000
    Correct
    Wrong
  • 2
    45000
    Correct
    Wrong
  • 3
    39000
    Correct
    Wrong
  • 4
    40000
    Correct
    Wrong
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Answer : 4. "40000"

Q:

A and B invest in a business in the ratio 3:2. If 5% of the total profit goes to charity and A’s share is Rs.855, the total profit is:

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  • 1
    Rs. 1425
    Correct
    Wrong
  • 2
    Rs. 1500
    Correct
    Wrong
  • 3
    Rs. 1537.50
    Correct
    Wrong
  • 4
    Rs.1576
    Correct
    Wrong
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Answer : 2. "Rs. 1500"

Q:

A man bought 20 dozen eggs for Rs. 720. What should be the selling price of each egg if he wants to make a profit of 20 %? 

1054 0

  • 1
    Rs. 3.50
    Correct
    Wrong
  • 2
    Rs. 3.60
    Correct
    Wrong
  • 3
    Rs. 3.25
    Correct
    Wrong
  • 4
    Rs. 3.30
    Correct
    Wrong
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Answer : 2. "Rs. 3.60"

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