Profit and Loss Practice Question and Answer

Q:

By selling an article for ₹72, there is a loss of 10%. At what price it should be sell to gain 10% profit?

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  • 1
    ₹85
    Correct
    Wrong
  • 2
    ₹88
    Correct
    Wrong
  • 3
    ₹80
    Correct
    Wrong
  • 4
    ₹90
    Correct
    Wrong
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Answer : 2. "₹88"

Q:

If the cost of 1 dozen apples is Rs. 18, then the cost of 25 apples will be -

495 0

  • 1
    Rs. 35.00
    Correct
    Wrong
  • 2
    Rs. 25.00
    Correct
    Wrong
  • 3
    Rs. 36.50
    Correct
    Wrong
  • 4
    Rs. 37.50
    Correct
    Wrong
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Answer : 4. "Rs. 37.50 "

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:

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  • 1
    no loss no gain
    Correct
    Wrong
  • 2
    gain of Rs. $$ {1\over24}$$
    Correct
    Wrong
  • 3
    loss of Rs.$$ {1\over12}$$ lakh
    Correct
    Wrong
  • 4
    loss of$$ {1\over18}$$ lakh
    Correct
    Wrong
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Answer : 3. "loss of Rs.$$ {1\over12}$$ lakh "

Q:

If 3 toys are sold at the cost price of 4 toys of the same kind, the profit will be:

1593 0

  • 1
    25%
    Correct
    Wrong
  • 2
    $$ 33{1\over3}\%$$
    Correct
    Wrong
  • 3
    $$ 66{1\over3}\%$$
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
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Answer : 2. "$$ 33{1\over3}\%$$ "

Q:

A man bought three articles, each of which cost Rs 3000. He sold those articles at 10% profit, 5% profit and 15% loss respectively. What is the total profit/loss percentage earned by him?

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  • 1
    10% loss
    Correct
    Wrong
  • 2
    5% loss
    Correct
    Wrong
  • 3
    5% profit
    Correct
    Wrong
  • 4
    no profit no loss
    Correct
    Wrong
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Answer : 4. "no profit no loss"

Q:

Two things were sold at same sale-price. One thing got 10% profit and another suffered 10% loss. The difference of their purchase price will be in multiple of which number.Tell_____. 

741 0

  • 1
    10
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    25
    Correct
    Wrong
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Answer : 2. "20"

Q:

A cycle seller gives 10% discount on marked retail price and still earns 26% profit. If marked retail price of the cycle is Rs. 840/- Then how much money was paid by the seller for that cycle?

645 0

  • 1
    ₹ 600/-
    Correct
    Wrong
  • 2
    ₹ 650/-
    Correct
    Wrong
  • 3
    ₹ 700/-
    Correct
    Wrong
  • 4
    ₹ 750/-
    Correct
    Wrong
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Answer : 1. "₹ 600/-"

Q:

If the cost of production of an article is 2/5 of its marked retail price, If it is sold at 10% discount then what will be profit?

543 0

  • 1
    25%
    Correct
    Wrong
  • 2
    40%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    125%
    Correct
    Wrong
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Answer : 4. "125%"

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