Profit and Loss Questions Practice Question and Answer

Q:

If a shopkeeper increases the selling price of an article by 10% and gets a profit of 37.5% on its cost price. If he increases the selling price by 25% above on old selling price then he gets a profit of ₹ 225 on his cost price. Find the cost price of the article?

612 0

  • 1
    ₹ 365
    Correct
    Wrong
  • 2
    ₹ 320
    Correct
    Wrong
  • 3
    ₹ 420
    Correct
    Wrong
  • 4
    ₹ 400
    Correct
    Wrong
  • 5
    ₹ 510
    Correct
    Wrong
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Answer : 4. "₹ 400"

Q:

A shopkeeper bought 80 pens in Rs. 400. He sold 40 pens at 60% profit and sold the remaining pens at 20% profit. If he had sold all the pens at a 15% profit, how much less profit would he have made?

609 0

  • 1
    Rs. 65
    Correct
    Wrong
  • 2
    Rs. 80
    Correct
    Wrong
  • 3
    Rs. 100
    Correct
    Wrong
  • 4
    Rs. 120
    Correct
    Wrong
  • 5
    Rs. 150
    Correct
    Wrong
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Answer : 3. "Rs. 100"

Q:

A shopkeeper wants to make a profit of 20% on an article after selling it, while he gives a cash discount of 20%. Further allows 4 more articles for free after purchase of one dozen articles to his premium customer. How much per cent above the cost price he must mark his article?

498 0

  • 1
    85%
    Correct
    Wrong
  • 2
    90%
    Correct
    Wrong
  • 3
    110%
    Correct
    Wrong
  • 4
    80%
    Correct
    Wrong
  • 5
    100%
    Correct
    Wrong
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Answer : 5. "100%"

Q:

A dealer sold an article at a loss of 2%. Had he sold it for ₹44 more, he would have gained 20%. Find the cost price of the article.

485 0

  • 1
    ₹250
    Correct
    Wrong
  • 2
    ₹300
    Correct
    Wrong
  • 3
    ₹400
    Correct
    Wrong
  • 4
    ₹200
    Correct
    Wrong
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Answer : 4. "₹200"

Q:

Anil bought two articles A and B at a total cost of ₹ 10,000. He sold the article A at 15% profit and the actacle B at 10% loss. In the whole deal, be made no profit or no loss. Find the selling price of the article A.

814 0

  • 1
    ₹4,500
    Correct
    Wrong
  • 2
    ₹5,400
    Correct
    Wrong
  • 3
    ₹4,600
    Correct
    Wrong
  • 4
    ₹4,200
    Correct
    Wrong
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Answer : 3. "₹4,600"

Q:

A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price giving 10% discount and the rest by giving 50% discount on the marked price. What is his overall profit/loss per cent?

423 0

  • 1
    Loss 2.8%
    Correct
    Wrong
  • 2
    Profit 2.8%
    Correct
    Wrong
  • 3
    Profit 3.6%
    Correct
    Wrong
  • 4
    Loss 3.6%
    Correct
    Wrong
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Answer : 3. "Profit 3.6%"

Q:

Shashi sells two articles for ₹5,000 each with no loss and no profit in the overall transaction. If one article is sold at $$16{2\over 3}\%$$loss, then the other is sold at a profit of:

513 0

  • 1
    25%
    Correct
    Wrong
  • 2
    24%
    Correct
    Wrong
  • 3
    16%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 1. "25%"

Q:

The marked price of an article is 40% above its cost price. If its selling price is $$73{1\over 2}\%$$ of the marked price, then the profit percentage is

371 0

  • 1
    2.4%
    Correct
    Wrong
  • 2
    2.9%
    Correct
    Wrong
  • 3
    3.1%
    Correct
    Wrong
  • 4
    2.7%
    Correct
    Wrong
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Answer : 2. "2.9%"

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