Profit and Loss Questions Practice Question and Answer

Q:

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

2303 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"

Q:

Two mobile phones were purchased at the same price. One was sold at a profit of 30 % and the second was sold at a price which was Rs 2500 less than the price at which the first was sold. If the overall profit earned by selling both the mobile phones was 5 %, what was the cost price of one mobile phone? 

2274 0

  • 1
    Rs. 8000
    Correct
    Wrong
  • 2
    Rs. 5000
    Correct
    Wrong
  • 3
    Rs. 6000
    Correct
    Wrong
  • 4
    Rs. 4500
    Correct
    Wrong
  • 5
    Rs. 5500
    Correct
    Wrong
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Answer : 2. "Rs. 5000 "

Q: On selling 36 oranges one incurs a loss equal to selling Price of 4 oranges. What will be the loss%? 2272 0

  • 1
    10%
    Correct
    Wrong
  • 2
    34%
    Correct
    Wrong
  • 3
    13%
    Correct
    Wrong
  • 4
    14%
    Correct
    Wrong
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Answer : 1. "10%"

Q:

Arun buys one kilogram of apples for Rs . 120 and sells it to Swati gaining 25 %. Swati sells it to Divya and Divya again sells it for Rs. 198, making a profit of 10 %. What is the profit percentage made by Swati? 

2245 0

  • 1
    25 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    16.67 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 2. "20 % "

Q:

The cost price of two dozen bananas is Rs. 32 After selling 18 bananas at the rate Rs. 12 per dozen, the shopkeeper reduced to rate as Rs. 4 per dozen. The percent loss is 

2142 0

  • 1
    36.5%
    Correct
    Wrong
  • 2
    37.5%
    Correct
    Wrong
  • 3
    25.2%
    Correct
    Wrong
  • 4
    32.4%
    Correct
    Wrong
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Answer : 2. "37.5% "

Q:

A DVD player was purchased for Rs 4860. At what price should it be sold so that 25% profit is earned?

2138 0

  • 1
    Rs 6225
    Correct
    Wrong
  • 2
    Rs 6275
    Correct
    Wrong
  • 3
    Rs 6075
    Correct
    Wrong
  • 4
    Rs 6025
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs 6075"

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? 2125 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:

The retail price of a water geyser is 1265. If the manufacturer gains 10 %, the wholesale dealer gains 15 % and the retailer gains 25 % , then the cost of the product is – 

2115 0

  • 1
    ₹ 800
    Correct
    Wrong
  • 2
    ₹ 900
    Correct
    Wrong
  • 3
    ₹ 700
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
  • Show Answer
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Answer : 1. "₹ 800 "

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