Profit and Loss Questions Practice Question and Answer
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5d7f1e5f7f06bc6981e04955 4 4 Q:
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Q: An oil refinery buys oil at Rs 3600 per barrel. There is 10 % wastage. If the refinery wants to earn 5% profit then at what price should it sell including 8 % tax on selling price? (in Rs per barrel)
6800 05dca519088990a4b0e802ff0
5dca519088990a4b0e802ff0- 13674false
- 23711false
- 34219false
- 44536true
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Answer : 4. "4536"
Q: A house and a shop were sold for Rs. 1 lakh each, In this transaction, the house sale resulted into 20 % loss whereas the shop sale into 20 % profit. The entire transaction resulted in:
5693 05d7f1e5f7f06bc6981e04955
5d7f1e5f7f06bc6981e04955- 1no loss no gainfalse
- 2gain of Rs. $$ {1\over24}$$false
- 3loss of Rs.$$ {1\over12}$$ lakhtrue
- 4loss of$$ {1\over18}$$ lakhfalse
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Answer : 3. "loss of Rs.$$ {1\over12}$$ lakh "
Q: A shopkeeper sells a TV set on discount of 8% of printed price and gains 25%. If print price was Rs 20000 then, what was the cost price? 5027 05d133cfcd2441c3c5ff90a40
5d133cfcd2441c3c5ff90a40- 1Rs 13800false
- 2Rs 14720true
- 3Rs 14800false
- 4Rs 13720false
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Answer : 2. "Rs 14720"
Q: A person bought two watches for Rs. 480. He sold one at a loss of 15% and the other at a profit of 19% and he found that each watch was sold at the same price. Find the cost price of the two watches.
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5f4f635b82a7582d892bd1e2- 1Rs. 280, Rs. 200true
- 2Rs. 250, Rs. 280false
- 3Rs. 380, Rs. 300false
- 4Rs. 350, Rs. 450false
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Answer : 1. "Rs. 280, Rs. 200"
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 05d13299509a40f38019e53a2
5d13299509a40f38019e53a2- 12150false
- 22250true
- 32350false
- 42450false
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Answer : 2. "2250"
Q: Cost price of 21 objects is equal to selling price of 15 objects. What is the profit? 4866 05d132f44925caa2d5bbbff66
5d132f44925caa2d5bbbff66- 125%false
- 230%false
- 333%false
- 440%true
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Answer : 4. "40%"
Q: Sarita sells a Phone at a profit of 20%. If she had bought it at 20% less and sold it for Rs. 180 less, she would have gained 25%. Find the cost price of the Phone.
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6073faa5c61d5c2ec9408dd3- 1Rs. 800false
- 2Rs. 850false
- 3Rs. 900true
- 4Rs. 1000false
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Answer : 3. "Rs. 900"
Q: A person sells two objects in Rs 5000 each. He sells one for 20% profit and another for 20% loss. Find his total profit or loss percent in the whole transaction. 4709 05d13414c40daee3c552fcb44
5d13414c40daee3c552fcb44- 14 % profitfalse
- 24% Losstrue
- 320% Profitfalse
- 4No Profit and Lossfalse
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Answer : 2. "4% Loss"
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