Profit and Loss Questions Practice Question and Answer

Q:

A shopkeeper had 2000 kgs of rice. He sold a part of it at 11% profit and the rest at 17% profit, so that he made a total profit 15.2%. How much rice (in kgs) did he sell at 17% profit?

1251 0

  • 1
    600
    Correct
    Wrong
  • 2
    1400
    Correct
    Wrong
  • 3
    700
    Correct
    Wrong
  • 4
    1200
    Correct
    Wrong
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Answer : 2. "1400"

Q: If one object is sold for 5% instead of 5 % loss the seller gets Rs. 33.6 more. What is the cost Price? 2697 0

  • 1
    336
    Correct
    Wrong
  • 2
    454
    Correct
    Wrong
  • 3
    672
    Correct
    Wrong
  • 4
    785
    Correct
    Wrong
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Answer : 1. "336"

Q: A shopkeeper earns a profit of shopkeeper earns a profit of 25% after giving a discount of 20%. Find the ratio between the cost price and the marked price. 1654 1

  • 1
    25:16
    Correct
    Wrong
  • 2
    16:25
    Correct
    Wrong
  • 3
    16:27
    Correct
    Wrong
  • 4
    27:10
    Correct
    Wrong
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Answer : 2. "16:25"

Q: On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is ? 1611 0

  • 1
    Rs. 55
    Correct
    Wrong
  • 2
    Rs. 60
    Correct
    Wrong
  • 3
    Rs. 65
    Correct
    Wrong
  • 4
    Rs. 70
    Correct
    Wrong
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Answer : 2. "Rs. 60"
Explanation :

Answer: B) Rs. 60 Explanation: Let the cost price of a ball is Rs.xGiven, on selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 ballsThe equation is :17x - 720 = 5xSolving the equation we get x = 60Therefore, cost price of a ball is Rs. 60.

Q: A cycle is sold for Rs.2070 at profit of 15%, at what profit of 15%, at what price it should be sold so as to earn 25% Profit. 4868 0

  • 1
    2150
    Correct
    Wrong
  • 2
    2250
    Correct
    Wrong
  • 3
    2350
    Correct
    Wrong
  • 4
    2450
    Correct
    Wrong
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Answer : 2. "2250"

Q: A dishonest dealer professes to sell his good at cost price, but he uses a weight of 800 gm. For one kg. Find his gain percent? 1849 0

  • 1
    20
    Correct
    Wrong
  • 2
    25
    Correct
    Wrong
  • 3
    40
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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Answer : 2. "25"

Q: A shopkeeper sells a certain object in Rs 2520 after giving two consecutive discounts of 10% and 30 %. Find the marked price of the object. 3893 0

  • 1
    Rs 6000
    Correct
    Wrong
  • 2
    Rs 4000
    Correct
    Wrong
  • 3
    Rs 5450
    Correct
    Wrong
  • 4
    Rs 6800
    Correct
    Wrong
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Answer : 2. "Rs 4000"

Q:

If a chair sold for Rs. 600 at the profit of 20%, then the original price of the chair is:

2153 0

  • 1
    Rs. 540
    Correct
    Wrong
  • 2
    Rs. 500
    Correct
    Wrong
  • 3
    Rs. 480
    Correct
    Wrong
  • 4
    Rs. 580
    Correct
    Wrong
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Answer : 2. "Rs. 500"

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