Profit and Loss Questions Practice Question and Answer
8 Q: A salesman expects a gain of 13% on his cost price. If in a month his sale was ₹ 7,91,000, what was his profit ?
680 06246cce8a008a64dd39ef0b7
6246cce8a008a64dd39ef0b7- 1₹ 91,000true
- 2₹ 97,786false
- 3₹ 85,659false
- 4₹ 88,300false
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Answer : 1. "₹ 91,000 "
Explanation :
Q: A man purchased a bedsheet for₹ 450 and sold it at a gain of 10% calculated on the selling price. The selling price of the bedsheet was
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6246cb1d9809e154c705035f- 1₹ 480false
- 2₹500true
- 3₹ 460false
- 4₹ 475false
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Answer : 2. "₹500"
Explanation :
Q: Krishnan bought a camera and paid 20% less than its original price. He sold it at 40% profit on the price he had paid. The percentage of profit earned by Krishnan on the original price was
1010 06246ca90e6c50b4b29b7ed1d
6246ca90e6c50b4b29b7ed1d- 112%true
- 215%false
- 322%false
- 432%false
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Answer : 1. "12% "
Explanation :
Q: A merchant buys an article for Rs. 27 and sells it at a profit of 10 % of the selling price. The selling price of the article is:
1676 05efc6f6dd4461c5b47d6b15c
5efc6f6dd4461c5b47d6b15c- 1Rs. 37false
- 2Rs.32false
- 3Rs. 29.70false
- 4Rs. 30true
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Answer : 4. "Rs. 30 "
Explanation :
Q: A man bought an old typewriter for ₹1200 and spent ₹200 on its repair. He sold it for ₹1680. His profit percent is :
641 06246c87be6c50b4b29b7d521
6246c87be6c50b4b29b7d521- 18%false
- 216%false
- 320%true
- 410%false
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Answer : 3. "20% "
Explanation :
Q: A man buys a cycle for ₹1400 and sells it at a loss of 15%. What is the selling price of the cycle?
627 06246c67a398e4a497b43d0bd
6246c67a398e4a497b43d0bd- 1₹1160false
- 2₹1000false
- 3₹1202false
- 4₹1190true
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Answer : 4. "₹1190 "
Explanation :
Q: On selling an article for ₹651, there is a loss of 7%. The cost price of that article is
679 06246c7b2a008a64dd39ec8fd
6246c7b2a008a64dd39ec8fd- 1₹793false
- 2₹700true
- 3₹744false
- 4₹751false
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Answer : 2. "₹700"
Explanation :
Q: A shopkeeper marks an article 24% above its cost price and allows a 15% discount on the marked price. If he earns a profit of Rs. 27 by selling the article, then the selling price of the article is:
769 064f85038a910aab8f9ffdbf2
64f85038a910aab8f9ffdbf2- 1Rs. 522false
- 2Rs. 508false
- 3Rs. 527true
- 4Rs. 517false
- 5Rs. 817false
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