Profit and Loss Questions Practice Question and Answer

Q:

A trader bought 10 kg of apples for Rs. 405 out of which 1 kg of apples were found to be rotten. If he wishes to make a profit of 10 % at what rate should he sell the remaining apples per kg? 

1982 0

  • 1
    49.5
    Correct
    Wrong
  • 2
    48
    Correct
    Wrong
  • 3
    46
    Correct
    Wrong
  • 4
    47
    Correct
    Wrong
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Answer : 1. " 49.5 "

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 ? 1958 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:

Priya purchased two mixers for Rs.1500 and made a profit of 9% on one and loss of 6% on the other. But overall there is no profit or loss, then cost price of mixture are in the ratio?

1955 0

  • 1
    3 : 5
    Correct
    Wrong
  • 2
    2 : 3
    Correct
    Wrong
  • 3
    5 : 3
    Correct
    Wrong
  • 4
    3 : 2
    Correct
    Wrong
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Answer : 2. "2 : 3"

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?

1934 0

  • 1
    30%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
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Answer : 2. "20% "

Q:

Ram sells a car to Mohan at a profit of 16% and Mohan sells it to Shyam at a profit of 25%. How much profit% Ram would have got if he had sold the car directly to Shyam at the price Shyam bought it?

1928 0

  • 1
    41%
    Correct
    Wrong
  • 2
    42%
    Correct
    Wrong
  • 3
    45%
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "45%"

Q:

The cost price of an article is Rs x. It is marked up by 200%. It is sold at Rs. 540 after giving 25% discount. What is the value of x (in Rs)? 

1902 1

  • 1
    300
    Correct
    Wrong
  • 2
    240
    Correct
    Wrong
  • 3
    360
    Correct
    Wrong
  • 4
    250
    Correct
    Wrong
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Answer : 2. "240 "

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. 1881 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:

P purchase an item for Rs 1200 and sold it on a profit of 10%. If he sells it at Rs 1380 then calculate his increase in profit percentage. 

1847 0

  • 1
    5%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    12%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 1. "5% "

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