Profit and Loss Questions Practice Question and Answer
7 Q: While selling a watch, a shop- keeper gives a discount of 5%. If he gives a discount of 7%, he earns ₹15 less as profit. The marked price of the watch is
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6400bac9a9f6c7de51a26e46- 1₹ 697.5false
- 2₹ 712.5false
- 3₹ 750true
- 4None of thesefalse
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Answer : 3. "₹ 750 "
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
359 064be607123047f4c71dc905b
64be607123047f4c71dc905b- 12.4%false
- 22.9%true
- 33.1%false
- 42.7%false
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Answer : 2. "2.9%"
Q: On selling an article for ₹123.40, the gain is 20% more than the amount of loss incurred on selling it for ₹108. If the article is sold for ₹120.75, then what is the gain/loss per cent?
352 064b90c21568e7ff594bdd73e
64b90c21568e7ff594bdd73e- 1Loss 2.5%false
- 2Loss 5%false
- 3Gain 2.5%false
- 4Gain 5%true
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Answer : 4. "Gain 5%"
Q: The ratio of the cost price and selling price of an article is 10 : 11. The gain per cent is:
349 0647f343362f8ada0354d5241
647f343362f8ada0354d5241- 15%false
- 215%false
- 310%true
- 48%false
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Answer : 3. "10%"
Q: 4% of the selling price of an article is equal to 5% of its cost price. Again 20% of the selling price is Rs. 120 more than 22% of its cost price. The ratio of cost price & selling price is
333 06400bd4586fd4161466ad5aa
6400bd4586fd4161466ad5aa- 12:3false
- 24:5true
- 33:2false
- 45:4false
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Answer : 2. "4:5"
Q: A merchant marked the price of an article by incresing its pro- duction cost by 40% .Now he al- lows 20% discount and gets a profit of Rs. 48 after selling it. The production cost is
317 06400bc3335d86258eccfa256
6400bc3335d86258eccfa256- 1Rs. 320false
- 2Rs. 360false
- 3Rs. 400true
- 4Rs 440false
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Answer : 3. "Rs. 400 "
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?
312 064b90cd3e2108a723934c7eb
64b90cd3e2108a723934c7eb- 1₹1,152false
- 2₹1,120false
- 3₹1,280true
- 4₹1,200false
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