Profit and Loss Questions Practice Question and Answer

Q:

Jack sold a dress for Rs.1440 and made a profit of 20%. What was its cost? 

1871 0

  • 1
    1152
    Correct
    Wrong
  • 2
    1240
    Correct
    Wrong
  • 3
    1200
    Correct
    Wrong
  • 4
    1180
    Correct
    Wrong
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Answer : 3. "1200 "

Q:

A trader bought 120 kg of potato at 24/kg. He sold 80 kg of it at 50% profit and the balance at 25% low. Find the total profit or loss? 

1451 0

  • 1
    50% Profit
    Correct
    Wrong
  • 2
    25% Profit
    Correct
    Wrong
  • 3
    50% Loss
    Correct
    Wrong
  • 4
    25% Loss
    Correct
    Wrong
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Answer : 2. "25% Profit "

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Answer : 1. "Rs. 1800 "

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Answer : 2. "450 kg."

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Answer : 4. "120 kg."

Q:

Two mobile phones were purchased at the same price. One was sold at a profit of 30 % and the second was sold at a price which was Rs 2500 less than the price at which the first was sold. If the overall profit earned by selling both the mobile phones was 5 %, what was the cost price of one mobile phone? 

1979 0

  • 1
    Rs. 8000
    Correct
    Wrong
  • 2
    Rs. 5000
    Correct
    Wrong
  • 3
    Rs. 6000
    Correct
    Wrong
  • 4
    Rs. 4500
    Correct
    Wrong
  • 5
    Rs. 5500
    Correct
    Wrong
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Answer : 2. "Rs. 5000 "

Q:

The cost price of two items P and Q are equal. If item P sold at 40% profit and item Q sold at 20% less than the selling price of item P, then the total profit is ?

1148 0

  • 1
    ₹ 600
    Correct
    Wrong
  • 2
    ₹ 500
    Correct
    Wrong
  • 3
    ₹ 660
    Correct
    Wrong
  • 4
    ₹ 550
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "₹ 500"

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