Profit and Loss Questions Practice Question and Answer

Q:

Sujatha sold 75% of her goods at a profit of 24% and the remaining at a loss of 40%. What is her gain/loss percentage on the whole transaction?

1524 0

  • 1
    8% gain
    Correct
    Wrong
  • 2
    10% gain
    Correct
    Wrong
  • 3
    7.5 % loss
    Correct
    Wrong
  • 4
    9 % loss
    Correct
    Wrong
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Answer : 1. "8% gain"

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:

If the cost price of 28 items is equal to the selling price of 21 items, what is the profit percentage?

953 0

  • 1
    12 %
    Correct
    Wrong
  • 2
    $$ {33{1\over 3}}\%$$
    Correct
    Wrong
  • 3
    20 %
    Correct
    Wrong
  • 4
    22 %
    Correct
    Wrong
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Answer : 2. "$$ {33{1\over 3}}\%$$"

Q:

If a seller bought an item for Rs. 900 and determined the mark price in such a way that after giving 10 percent discount, he would get a profit of 20 percent, what would be the mark price?

735 0

  • 1
    Rs. 1180
    Correct
    Wrong
  • 2
    Rs.1080
    Correct
    Wrong
  • 3
    Rs. 1200
    Correct
    Wrong
  • 4
    Rs. 1100
    Correct
    Wrong
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Answer : 3. "Rs. 1200 "

Q:

30 dozen walnuts were purchased for Rs. 14400 and 32 packets of walnuts (20 walnuts in each packet) were purchased for Rs. 57600. If a packet of Akharato was sold for five rupees in a pack at Rs. 432, what would be the profit percentage?

1907 0

  • 1
    10 %
    Correct
    Wrong
  • 2
    25 %
    Correct
    Wrong
  • 3
    20 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 3. "20 % "

Q:

Chandu bought a watch at 20 percent discount on mark price but sold it at mark price. Find the percentage of profit.

937 0

  • 1
    25 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    18 %
    Correct
    Wrong
  • 4
    30 %
    Correct
    Wrong
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Answer : 1. "25 % "

Q:

Rekha bought a scooter for Rs 20,000 and sold it for Rs 22,000. What is the profit percentage?

3700 0

  • 1
    15 %
    Correct
    Wrong
  • 2
    12 %
    Correct
    Wrong
  • 3
    20 %
    Correct
    Wrong
  • 4
    10 %
    Correct
    Wrong
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Answer : 4. "10 % "

Q:

A shopkeeper gains 20 percent by giving a discount of 10 percent of the marked price of a toy. If he had given a discount of 20 percent, then what would be his profit percentage?

891 0

  • 1
    $$ {6\ {2\over 3}}$$
    Correct
    Wrong
  • 2
    $$ {8\ {1\over 3}}$$
    Correct
    Wrong
  • 3
    10
    Correct
    Wrong
  • 4
    15
    Correct
    Wrong
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Answer : 1. "$$ {6\ {2\over 3}}$$"

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