Profit and Loss Practice Question and Answer

Q:

By a selling basket for Rs. 19.50, a shopkeeper gains 30 %. For how much should he sell it to gain 40 %? 

1600 0

  • 1
    Rs.24
    Correct
    Wrong
  • 2
    Rs.23
    Correct
    Wrong
  • 3
    Rs.21
    Correct
    Wrong
  • 4
    Rs.21.50
    Correct
    Wrong
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Answer : 3. "Rs.21 "

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 wholesaler had 200 dozen of mangoes. He sold some of these mangoes at 20 % profit and the rest at 10 % profit, so that he made 13 % profit on selling all the mangoes. How many mangoes in dozens) did he sell at 20 % profit? 

1559 0

  • 1
    80
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    140
    Correct
    Wrong
  • 4
    60
    Correct
    Wrong
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Answer : 4. "60 "

Q:

A man buys a table and a chair for 500. He sells the table at a loss of 10 % and the chair at a gain of 10 %. He still gain ₹10 on the whole. The cost price of chair in rupees is 

1554 0

  • 1
    ₹ 200
    Correct
    Wrong
  • 2
    ₹ 250
    Correct
    Wrong
  • 3
    ₹ 300
    Correct
    Wrong
  • 4
    ₹ 350
    Correct
    Wrong
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Answer : 3. "₹ 300"

Q:

Naresh purchased a TV set for Rs. 11,250 after getting a discount of 10 % on the labeled price. He spent Rs. 150 on transport and Rs. 800 on installation. At what price should it be sold so that the profit earned would have been 15 % if no discount was offered? 

1540 0

  • 1
    Rs. 12937.50
    Correct
    Wrong
  • 2
    Rs. 14,030
    Correct
    Wrong
  • 3
    Rs. 13,450
    Correct
    Wrong
  • 4
    Rs. 15467.50
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs. 14,030 "

Q:

Profit obtained on selling an article for Rs 540 is equal to the loss incurred on selling the article for Rs 370. if selling price is Rs. 910, Then what is the profit percentage? 

1537 0

  • 1
    50
    Correct
    Wrong
  • 2
    100
    Correct
    Wrong
  • 3
    $$16{2\over 3}$$
    Correct
    Wrong
  • 4
    $$33{1\over 3}$$
    Correct
    Wrong
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Answer : 2. "100"

Q:

Sujatha sold 75% of her goods at a profit of 24% and the remaining at a loss of 40%. What is her gain/loss percentage on the whole transaction?

1524 0

  • 1
    8% gain
    Correct
    Wrong
  • 2
    10% gain
    Correct
    Wrong
  • 3
    7.5 % loss
    Correct
    Wrong
  • 4
    9 % loss
    Correct
    Wrong
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Answer : 1. "8% gain"

Q:

A merchant buys an article for Rs. 27 and sells it at a profit of 10 % of the selling price. The selling price of the article is: 

1516 0

  • 1
    Rs. 37
    Correct
    Wrong
  • 2
    Rs.32
    Correct
    Wrong
  • 3
    Rs. 29.70
    Correct
    Wrong
  • 4
    Rs. 30
    Correct
    Wrong
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Answer : 4. "Rs. 30 "
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