Profit and Loss Questions Practice Question and Answer
7 Q:Answer the following questions
Lokesh sold two items at same price. One of them was sold at a profit of 10% and the other at the loss of 10%. What is the net result of entire transaction?
478 063bd5c7974eba5069d4a7569
63bd5c7974eba5069d4a7569- 11% losstrue
- 22% profitfalse
- 31% profitfalse
- 42% lossfalse
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Answer : 1. "1% loss "
Q: The cost price of 27 articles is the same as the selling price of 18 articles. What is the gain percentage?
464 06433d6011ce944a93e967766
6433d6011ce944a93e967766- 150%true
- 260%false
- 390%false
- 480 %false
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Answer : 1. "50% "
Q: A wateh dealer pays 10% customs duty on a watch which costs Rs. 500 abroad. He de- sires to make a profit of 20% after giving a discount of 25% to the buyer. The marked price should be
462 06400bc9f35d86258eccfa330
6400bc9f35d86258eccfa330- 1Rs. 950false
- 2Rs. 800false
- 3Rs. 880true
- 4Rs. 660false
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Answer : 3. "Rs. 880 "
Q: The ratio of the cost price and selling price of an article is 10 : 11. The gain per cent is:
447 0647f343362f8ada0354d5241
647f343362f8ada0354d5241- 15%false
- 215%false
- 310%true
- 48%false
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Answer : 3. "10%"
Q: The marked price of an article is 40% above its cost price. If its selling price is of the marked price, then the profit percentage is
443 064be607123047f4c71dc905b
64be607123047f4c71dc905b- 12.4%false
- 22.9%true
- 33.1%false
- 42.7%false
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Answer : 2. "2.9%"
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
439 06400bac9a9f6c7de51a26e46
6400bac9a9f6c7de51a26e46- 1₹ 697.5false
- 2₹ 712.5false
- 3₹ 750true
- 4None of thesefalse
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Answer : 3. "₹ 750 "
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
431 06400bd4586fd4161466ad5aa
6400bd4586fd4161466ad5aa- 12:3false
- 24:5true
- 33:2false
- 45:4false
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