Profit and Loss Questions Practice Question and Answer

Q:

On selling 17 balls at Rs. 720 there is a loss equal to the cost price of 5 balls. The cost price of a ball is: 

791 0

  • 1
    Rs. 60
    Correct
    Wrong
  • 2
    Rs. 55
    Correct
    Wrong
  • 3
    Rs. 45
    Correct
    Wrong
  • 4
    Rs. 50
    Correct
    Wrong
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Answer : 1. "Rs. 60 "

Q:

A shopkeeper sold sarees at Rs. 266 each after giving 5 % discount on labelled price. Had he not given the discount, he would have earned a profit of 12 % on the cost price. What was the cost price of each saree? 

862 0

  • 1
    Rs. 240
    Correct
    Wrong
  • 2
    Rs. 250
    Correct
    Wrong
  • 3
    Rs. 280
    Correct
    Wrong
  • 4
    Rs. 260
    Correct
    Wrong
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Answer : 2. "Rs. 250 "

Q:

A man bought 20 dozen eggs for Rs. 720. What should be the selling price of each egg if he wants to make a profit of 20 %? 

1055 0

  • 1
    Rs. 3.50
    Correct
    Wrong
  • 2
    Rs. 3.60
    Correct
    Wrong
  • 3
    Rs. 3.25
    Correct
    Wrong
  • 4
    Rs. 3.30
    Correct
    Wrong
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Answer : 2. "Rs. 3.60"

Q:

By selling a bicycle for Rs. 2,850 a shopkeeper gain 14%. If the profit is reduced to 8 %, then the selling price will be 

892 0

  • 1
    Rs. 2,800
    Correct
    Wrong
  • 2
    Rs. 3,000
    Correct
    Wrong
  • 3
    Rs. 2,600
    Correct
    Wrong
  • 4
    Rs. 2,700
    Correct
    Wrong
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Answer : 4. "Rs. 2,700 "

Q:

A businessman sells a commodity at 10 % profit. If he had bought it at 10 % less and sold it for Rs. 2 less, then he would have gained $$16{2\over3}\%$$. The cost price of the commodity is 

1268 1

  • 1
    Rs . 32
    Correct
    Wrong
  • 2
    Rs . 48
    Correct
    Wrong
  • 3
    Rs . 36
    Correct
    Wrong
  • 4
    Rs . 40
    Correct
    Wrong
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Answer : 4. "Rs . 40 "

Q:

If the cost of pins reduces by Rs . 4 per dozen, 12 more pins can be purchased for Rs. 48. The cost of pins per dozen after reduction is: 

2592 0

  • 1
    Rs. 16
    Correct
    Wrong
  • 2
    Rs. 20
    Correct
    Wrong
  • 3
    Rs. 8
    Correct
    Wrong
  • 4
    Rs . 12
    Correct
    Wrong
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Answer : 4. "Rs . 12 "

Q:

Two - third of a consignment was sold at a profit of 5% and the remaining at a loss of 2 %. If the total profit was Rs. 400. then the value of the consignment was

833 0

  • 1
    Rs . 16,000
    Correct
    Wrong
  • 2
    Rs . 16,500
    Correct
    Wrong
  • 3
    Rs . 15,000
    Correct
    Wrong
  • 4
    Rs . 15,500
    Correct
    Wrong
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Answer : 3. "Rs . 15,000 "

Q:

Mohan bought 25 books for Rs. 2,000 and sold them at a profit equal to the selling price of 5 books. The selling price of 1 book is: 

1001 0

  • 1
    Rs . 120
    Correct
    Wrong
  • 2
    Rs . 150
    Correct
    Wrong
  • 3
    Rs . 100
    Correct
    Wrong
  • 4
    Rs . 200
    Correct
    Wrong
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Answer : 3. "Rs . 100 "

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