Profit and Loss Questions Practice Question and Answer

Q:

The selling price and the cost price of an article are ₹6,000 and ₹5,000, respectively. What is the profit percentage?

451 0

  • 1
    25%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "20%"

Q:

The cost price of 27 articles is the same as the selling price of 18 articles. What is the gain percentage?

386 0

  • 1
    50%
    Correct
    Wrong
  • 2
    60%
    Correct
    Wrong
  • 3
    90%
    Correct
    Wrong
  • 4
    80 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "50% "

Q:

Shivani purchased five pens for ₹600. She sells these five pens at the rate of ₹50 per pen. What is the approximate lo percentage that Shivani incurred on selling the five pens?

550 0

  • 1
    58.33%
    Correct
    Wrong
  • 2
    48.33%
    Correct
    Wrong
  • 3
    53.33%
    Correct
    Wrong
  • 4
    61.66%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "58.33%"

Q:

A fan is sold for ₹1,560 at a profit of 30%. If its selling price is ₹960, then what will be the loss percentage?

1682 0

  • 1
    30%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "20% "

Q:

If the selling price of a shirt is reduced from 440 to ₹410, the loss increases by 4%. What is the cost price of the shirt?

1632 0

  • 1
    ₹650
    Correct
    Wrong
  • 2
    ₹750
    Correct
    Wrong
  • 3
    ₹450
    Correct
    Wrong
  • 4
    ₹500
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "₹750 "

Q:

A man bought a chair for ₹580. At what price should he sell the chair so as to gain 25%?

1238 0

  • 1
    ₹1,080
    Correct
    Wrong
  • 2
    ₹725
    Correct
    Wrong
  • 3
    ₹590
    Correct
    Wrong
  • 4
    ₹820
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "₹725 "

Q:

The selling prices of two articles are equal. If the first article is sold at a profit of 20% and the second article is sold at a loss of 20%, what will be the overall loss percentage?

396 0

  • 1
    4%
    Correct
    Wrong
  • 2
    3.5%
    Correct
    Wrong
  • 3
    2.5%
    Correct
    Wrong
  • 4
    2%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "4%"

Q:

Vishal sells a bag at a profit of 40%. If Vishal's profit is ₹880, then what is the cost price of the bag?

666 0

  • 1
    ₹ 2,000
    Correct
    Wrong
  • 2
    ₹ 2,450
    Correct
    Wrong
  • 3
    ₹ 1,900
    Correct
    Wrong
  • 4
    ₹ 2,200
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹ 2,200"

      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

      Report Error

    Please Enter Message
    Error Reported Successfully