Profit and Loss Questions Practice Question and Answer

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 

359 0

  • 1
    ₹ 697.5
    Correct
    Wrong
  • 2
    ₹ 712.5
    Correct
    Wrong
  • 3
    ₹ 750
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    2.4%
    Correct
    Wrong
  • 2
    2.9%
    Correct
    Wrong
  • 3
    3.1%
    Correct
    Wrong
  • 4
    2.7%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    Loss 2.5%
    Correct
    Wrong
  • 2
    Loss 5%
    Correct
    Wrong
  • 3
    Gain 2.5%
    Correct
    Wrong
  • 4
    Gain 5%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    5%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    2:3
    Correct
    Wrong
  • 2
    4:5
    Correct
    Wrong
  • 3
    3:2
    Correct
    Wrong
  • 4
    5:4
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    Rs. 320
    Correct
    Wrong
  • 2
    Rs. 360
    Correct
    Wrong
  • 3
    Rs. 400
    Correct
    Wrong
  • 4
    Rs 440
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    ₹1,152
    Correct
    Wrong
  • 2
    ₹1,120
    Correct
    Wrong
  • 3
    ₹1,280
    Correct
    Wrong
  • 4
    ₹1,200
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "₹1,280"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully