Profit and Loss Questions Practice Question and Answer

Q:

Vinayak bought an item and sold it at a loss of 5%. If he had bought it for 10% less and sold it for Rs.390 more, he would have had a profit of 20%, find the cost price of item.

1035 0

  • 1
    Rs. 3300
    Correct
    Wrong
  • 2
    Rs. 3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 3000"

Q:

A car worth Rs 30,000 was sold by A to B at 10 % profit. B sold the car back to A at 5 % loss. In the entire transaction.

1115 0

  • 1
    A gain Rs 1500
    Correct
    Wrong
  • 2
    A loss Rs 1500
    Correct
    Wrong
  • 3
    A gain Rs. 1650
    Correct
    Wrong
  • 4
    A gain Rs. 1850
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "A gain Rs. 1650"

Q:

Vivek buys 3 shirts at an average price of Rs. 1250. If he buys 2 more shirts at an average price of Rs. 1450. What will be the average price (in Rs.) of all the 5 shirts he buys?

796 0

  • 1
    1350
    Correct
    Wrong
  • 2
    1390
    Correct
    Wrong
  • 3
    1330
    Correct
    Wrong
  • 4
    1310
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "1330"

Q:

An item costing Rs. 840 was sold by a shopkeeper at a gain of 10 % and it was again sold by the new buyer at a loss of 5 %. Find selling price of the item is: 

821 0

  • 1
    Rs. 924
    Correct
    Wrong
  • 2
    Rs. 37.80
    Correct
    Wrong
  • 3
    Rs. 877.80
    Correct
    Wrong
  • 4
    Rs.798
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 877.80 "

Q:

A buys a water cooler at some price and sells it to B at 20% profit. B sells it to C at 10% profit. If C bought it for Rs 6666, then B's cost price is

903 0

  • 1
    5400
    Correct
    Wrong
  • 2
    6060
    Correct
    Wrong
  • 3
    5600
    Correct
    Wrong
  • 4
    6400
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "6060"

Q:

The cost price of an article is Rs. 480. If it is sold at a profit of 12.5 percent, what will be the selling price of the article?

1336 0

  • 1
    Rs. 500
    Correct
    Wrong
  • 2
    Rs.560
    Correct
    Wrong
  • 3
    Rs. 540
    Correct
    Wrong
  • 4
    Rs.492.5
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 540"

Q:

A trader had 16 quintals of wheat. He sold a part of it at 17% profit and the rest at 27% profit, so that he made a total profit of 21%. How much wheat did he sell at 27 % profit? 

1374 0

  • 1
    320 kg
    Correct
    Wrong
  • 2
    1280 kg
    Correct
    Wrong
  • 3
    960 kg
    Correct
    Wrong
  • 4
    640 kg
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "640 kg "

Q:

If a man were to sell his chair for Rs. 720, he would loss 25 %. To gain 25% he should sell it for__

1038 0

  • 1
    Rs. 1,200
    Correct
    Wrong
  • 2
    Rs. 1,000
    Correct
    Wrong
  • 3
    Rs. 960
    Correct
    Wrong
  • 4
    Rs. 900
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 1,200"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully