Profit and Loss Questions Practice Question and Answer

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 ? 

596 0

  • 1
    ₹ 91,000
    Correct
    Wrong
  • 2
    ₹ 97,786
    Correct
    Wrong
  • 3
    ₹ 85,659
    Correct
    Wrong
  • 4
    ₹ 88,300
    Correct
    Wrong
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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 

846 0

  • 1
    ₹ 480
    Correct
    Wrong
  • 2
    ₹500
    Correct
    Wrong
  • 3
    ₹ 460
    Correct
    Wrong
  • 4
    ₹ 475
    Correct
    Wrong
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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

906 0

  • 1
    12%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    32%
    Correct
    Wrong
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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: 

1542 0

  • 1
    Rs. 37
    Correct
    Wrong
  • 2
    Rs.32
    Correct
    Wrong
  • 3
    Rs. 29.70
    Correct
    Wrong
  • 4
    Rs. 30
    Correct
    Wrong
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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 :

561 0

  • 1
    8%
    Correct
    Wrong
  • 2
    16%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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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?

550 0

  • 1
    ₹1160
    Correct
    Wrong
  • 2
    ₹1000
    Correct
    Wrong
  • 3
    ₹1202
    Correct
    Wrong
  • 4
    ₹1190
    Correct
    Wrong
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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

600 0

  • 1
    ₹793
    Correct
    Wrong
  • 2
    ₹700
    Correct
    Wrong
  • 3
    ₹744
    Correct
    Wrong
  • 4
    ₹751
    Correct
    Wrong
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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:

622 0

  • 1
    Rs. 522
    Correct
    Wrong
  • 2
    Rs. 508
    Correct
    Wrong
  • 3
    Rs. 527
    Correct
    Wrong
  • 4
    Rs. 517
    Correct
    Wrong
  • 5
    Rs. 817
    Correct
    Wrong
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Answer : 3. "Rs. 527"

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