Profit and Loss Questions Practice Question and Answer
8 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 05fbe732c2e911753dd5631ab
5fbe732c2e911753dd5631ab- 18% gaintrue
- 210% gainfalse
- 37.5 % lossfalse
- 49 % lossfalse
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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 05fb39f7206649f682b909ba7
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: If the cost price of 28 items is equal to the selling price of 21 items, what is the profit percentage?
953 05fb39a0fcb95815ec70d6877
5fb39a0fcb95815ec70d6877- 112 %false
- 2$$ {33{1\over 3}}\%$$true
- 320 %false
- 422 %false
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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 05fb399bfcb95815ec70d6862
5fb399bfcb95815ec70d6862- 1Rs. 1180false
- 2Rs.1080false
- 3Rs. 1200true
- 4Rs. 1100false
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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 05fa919e84e71ba46b02a59cf
5fa919e84e71ba46b02a59cf- 110 %false
- 225 %false
- 320 %true
- 415 %false
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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 05fa695fd4e71ba46b01f13c6
5fa695fd4e71ba46b01f13c6- 125 %true
- 220 %false
- 318 %false
- 430 %false
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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 05f9f9ad9d265227c88cddbda
5f9f9ad9d265227c88cddbda- 115 %false
- 212 %false
- 320 %false
- 410 %true
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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 05f9be27ad433054b5ca00be6
5f9be27ad433054b5ca00be6- 1$$ {6\ {2\over 3}}$$true
- 2$$ {8\ {1\over 3}}$$false
- 310false
- 415false
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