Profit and Loss Questions Practice Question and Answer

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?

363 0

  • 1
    Loss 2.5%
    Correct
    Wrong
  • 2
    Loss 5%
    Correct
    Wrong
  • 3
    Gain 2.5%
    Correct
    Wrong
  • 4
    Gain 5%
    Correct
    Wrong
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Answer : 4. "Gain 5%"

Q:

A sold a watch to B at a profit of 20%. B sold it to C at 30% profit. C sold it to D at 10% loss. If B's profit is ₹80 more than that of A, then D bought it for:

403 0

  • 1
    ₹700
    Correct
    Wrong
  • 2
    ₹680
    Correct
    Wrong
  • 3
    ₹652
    Correct
    Wrong
  • 4
    ₹702
    Correct
    Wrong
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Answer : 4. "₹702"

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?

327 0

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

Q:

A dishonest dealer marks up his goods by 50% and then gives a discount of 20% on the marked price. Apart from this, he uses a faulty balance which reads 1kg for 900 gm. What is his net profit percentage (rounded off to the nearest integer)?

794 0

  • 1
    24
    Correct
    Wrong
  • 2
    27
    Correct
    Wrong
  • 3
    36
    Correct
    Wrong
  • 4
    33
    Correct
    Wrong
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Answer : 4. "33"

Q:

A man buys a machine for Rs.5,000. After one year, he sells it for Rs.6000. After two years, again he buys the same machine at Rs.8,000 and sells it for Rs.10,000. Find his overall profit percentage for both the transactions.

1706 0

  • 1
    20.23%
    Correct
    Wrong
  • 2
    23.08%
    Correct
    Wrong
  • 3
    18.75%
    Correct
    Wrong
  • 4
    15.23%
    Correct
    Wrong
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Answer : 2. "23.08% "

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:

501 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 watch is sold at a profit of 25%. Had it been sold for Rs.120 less then, there would have been a less then of 15%. What is the cost price in rupees?

903 0

  • 1
    Rs.400
    Correct
    Wrong
  • 2
    Rs.350
    Correct
    Wrong
  • 3
    Rs.200
    Correct
    Wrong
  • 4
    Rs.300
    Correct
    Wrong
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Answer : 4. "Rs.300"

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).

533 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"

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