Profit and Loss Practice Question and Answer

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? 

1743 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:

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

1739 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:

The cost price of an article is 480. If it is to be sold at a profit of 6.25 %, how much would be its selling price? 

1732 0

  • 1
    Rs 510
    Correct
    Wrong
  • 2
    Rs 530
    Correct
    Wrong
  • 3
    Rs 503
    Correct
    Wrong
  • 4
    Rs 519
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 510"

Q:

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

1710 0

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

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: 

1694 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 "
Explanation :

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? 

1676 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:

When Vijay sells 12 pens, he gains the selling price of pens. Calculate his % profit?

1675 0

  • 1
    15%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 2. "20%"

Q: A fruit seller buys lemons two for Rs 1 and sells at 5 for Rs 3 rate. Find his profit percent. 1674 0

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

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