Profit and Loss Questions Practice Question and Answer
8 Q: Last year Mr. A bought two paintings. This year he sold them for Rs. 20,000 each. On one, he made a 25 % profit and of the other he had a 25 % loss. Then his net profit or loss is
1300 05efd5101d4461c5b47d85bf4
5efd5101d4461c5b47d85bf4- 1He earned more than Rs. 2000false
- 2He earned less than Rs . 2000false
- 3He lost more than Rs. 2000true
- 4He lost more than Rs. 2000false
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Answer : 3. "He lost more than Rs. 2000 "
Q: A & B jointly made a profit of Rs. 1650 and they decided to share it such that 1/3 of A's profit is equal to 2/5 of B's profit. Then profit of B is
1011 05efd50957228dd6b06e2c927
5efd50957228dd6b06e2c927- 1Rs. 850false
- 2Rs. 800false
- 3Rs. 700false
- 4Rs. 750true
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Answer : 4. "Rs. 750"
Q: A merchant has 1000 kg sugar, some part of which he sells at 8 % profit and the rest at 18 % profit. He gains 14 % on the whole. The quantity sold at 8 % profit is:
1114 05efd3fae7228dd6b06e29173
5efd3fae7228dd6b06e29173- 1400 kgtrue
- 2560 kgfalse
- 3600 kgfalse
- 4640 kgfalse
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Answer : 1. "400 kg"
Q: A shopkeeper sold his goods at half the list price and thus lost 20 %. If he had sold on the listed price, his gain percentage would be
1247 05efd3f4d7228dd6b06e2916a
5efd3f4d7228dd6b06e2916a- 120%false
- 260%true
- 335%false
- 472%false
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Answer : 2. "60% "
Q: A manufacturer fixes his selling price at $$33{1\over3}\% $$ over the cost of production. If the cost of production goes up by 12 % and manufacturer raises his selling price by 10%, his percentage profit is
846 05efd3ed4eb90be58c5918ce9
5efd3ed4eb90be58c5918ce9- 135%false
- 2$$28{3\over8}\%$$false
- 3$$36{5\over9}\%$$false
- 4$$30{20\over21}\%$$true
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Answer : 4. "$$30{20\over21}\%$$"
Q: An article is sold at a profit of 25 %. If the selling price is doubled, the profit % will be:
838 05efd3e5ceb90be58c5918cd7
5efd3e5ceb90be58c5918cd7- 1100%false
- 250%false
- 3200%false
- 4150%true
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Answer : 4. "150% "
Q: A man sells an article at 5 % above its cost price. If he had bought it at 5 % less than what he had paid for it and sold it at Rs. 2 less, he would have gained 10 %. The cost price of the article is
773 05efd3b3b7228dd6b06e28a5b
5efd3b3b7228dd6b06e28a5b- 1Rs. 400true
- 2Rs. 100false
- 3Rs. 200false
- 4Rs. 300false
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Answer : 1. "Rs. 400"
Q: There would be a 10 % loss. if rice is sold at ₹ 54 per kg. To earn a profit of 20 %, the price of rice per kg will be
753 05efd3a49196e681f76ec5b83
5efd3a49196e681f76ec5b83- 1₹ 63false
- 2₹ 65false
- 3₹ 72true
- 4₹ 70false
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