Profit and Loss Questions Practice Question and Answer

Q: A person sells two objects in Rs 5000 each. He sells one for 20% profit and another for 20% loss. Find his total profit or loss percent in the whole transaction. 4699 0

  • 1
    4 % profit
    Correct
    Wrong
  • 2
    4% Loss
    Correct
    Wrong
  • 3
    20% Profit
    Correct
    Wrong
  • 4
    No Profit and Loss
    Correct
    Wrong
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Answer : 2. "4% Loss"

Q:

By selling a table for Rs. 350 instead of Rs. 400, loss percent increases by 5%. The cost price of table is : 

4652 0

  • 1
    Rs. 1, 050
    Correct
    Wrong
  • 2
    Rs. 417.50
    Correct
    Wrong
  • 3
    Rs. 435
    Correct
    Wrong
  • 4
    Rs. 1,000
    Correct
    Wrong
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Answer : 4. "Rs. 1,000"

Q: A shopkeeper sells a certain object in Rs 2520 after giving two consecutive discounts of 10% and 30 %. Find the marked price of the object. 3889 0

  • 1
    Rs 6000
    Correct
    Wrong
  • 2
    Rs 4000
    Correct
    Wrong
  • 3
    Rs 5450
    Correct
    Wrong
  • 4
    Rs 6800
    Correct
    Wrong
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Answer : 2. "Rs 4000"

Q: On selling oranges 5 for Rs.1. One gets 20% profit. How many orange were purchased for Rs.1. 3814 0

  • 1
    3
    Correct
    Wrong
  • 2
    7
    Correct
    Wrong
  • 3
    4
    Correct
    Wrong
  • 4
    6
    Correct
    Wrong
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Answer : 4. "6"

Q:

A man sells a table at 12 % loss and a book at 19% profit then he earns Rs. 160 as profit. But if he sells the table at 12 % profit and the book at 16% loss then he bears a loss of Rs. 40. Find the price of one book?

3742 0

  • 1
    Rs. 4200
    Correct
    Wrong
  • 2
    Rs. 4100
    Correct
    Wrong
  • 3
    Rs. 4300
    Correct
    Wrong
  • 4
    Rs. 4000
    Correct
    Wrong
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Answer : 4. "Rs. 4000"

Q: If a dealer wants to earn 40% profit on an article after offering 30% discount, by what percent should be increase his marked price to arrive at the label price? 3700 0

  • 1
    50%
    Correct
    Wrong
  • 2
    100%
    Correct
    Wrong
  • 3
    200%
    Correct
    Wrong
  • 4
    60%
    Correct
    Wrong
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Answer : 2. "100%"

Q:

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

3696 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 watch sold for Rs.1440 at 10 % loss, at what price it should be sold so as to earn 15% profit. 3689 0

  • 1
    1820
    Correct
    Wrong
  • 2
    1830
    Correct
    Wrong
  • 3
    1840
    Correct
    Wrong
  • 4
    1850
    Correct
    Wrong
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Answer : 3. "1840"

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