Profit and Loss Questions Practice Question and Answer

Q:

A man buys a cycle for ₹1400 and sells it at a loss of 15%. What is the selling price of the cycle?

632 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:

Answer the following questions

Rama dealing in bedsheets allows 4% discount on the marked price. What price must be marked on a bedsheet that cost Rs. 480 so as to make a profit of 10%?

626 0

  • 1
    Rs. 520
    Correct
    Wrong
  • 2
    Rs. 650
    Correct
    Wrong
  • 3
    Rs. 620
    Correct
    Wrong
  • 4
    Rs. 550
    Correct
    Wrong
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Answer : 4. "Rs. 550"

Q:

A dishonest dealer professes to sell his goods at cost price but uses a false weight and thus gains 15%. For a kilogram, he uses a weight of _________ (rounded off to one digit after decimal).

616 0

  • 1
    833.3 gm
    Correct
    Wrong
  • 2
    876.7 gm
    Correct
    Wrong
  • 3
    869.6 gm
    Correct
    Wrong
  • 4
    898.33 gm
    Correct
    Wrong
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Answer : 3. "869.6 gm"

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?

611 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 trader sells an article at 16% below its cost price. Had he sold it for ₹192.20 more, he would have gained 15%. The cost price (in ₹) of the article is:

609 0

  • 1
    620
    Correct
    Wrong
  • 2
    680
    Correct
    Wrong
  • 3
    720
    Correct
    Wrong
  • 4
    640
    Correct
    Wrong
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Answer : 1. "620 "

Q:

A fan is listed at ₹ 150 and a discount of 20% is given. Then the selling price is

606 0

  • 1
    ₹ 120
    Correct
    Wrong
  • 2
    ₹ 110
    Correct
    Wrong
  • 3
    ₹ 180
    Correct
    Wrong
  • 4
    ₹ 150
    Correct
    Wrong
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Answer : 1. "₹ 120 "
Explanation :

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 loss, then the other is sold at a profit of:

603 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:

Remi earns a profit of 20% on selling an article at a certain price. If she sells the articles for ₹8 more, she will gain 30%. What is the original cost price of 16 such articles?

599 0

  • 1
    ₹1,152
    Correct
    Wrong
  • 2
    ₹1,120
    Correct
    Wrong
  • 3
    ₹1,280
    Correct
    Wrong
  • 4
    ₹1,200
    Correct
    Wrong
  • Show Answer
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Answer : 3. "₹1,280"

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