Profit and Loss Practice Question and Answer
8 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
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5dd37c78874d2d52fa316afc- 1₹ 200false
- 2₹ 250false
- 3₹ 300true
- 4₹ 350false
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Answer : 3. "₹ 300"
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?
1660 05f211ad70fc7110ad91fb995
5f211ad70fc7110ad91fb995- 150false
- 2100true
- 3false
- 4false
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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?
1653 05fbe732c2e911753dd5631ab
5fbe732c2e911753dd5631ab- 18% gaintrue
- 210% gainfalse
- 37.5 % lossfalse
- 49 % lossfalse
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Answer : 1. "8% gain"
Q: Oranges are bought at 7 for Rs. 3. At what rate per hundred must they be sold to gain 33 % ?
1643 05e16f7b1c4b67b290576ae6f
5e16f7b1c4b67b290576ae6f- 1Rs. 56false
- 2Rs. 60false
- 3Rs. 58false
- 4Rs. 57true
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Answer : 4. "Rs. 57"
Q: The cost price of two items P and Q are equal. If item P sold at 40% profit and item Q sold at 20% less than the selling price of item P, then the total profit is ?
1639 05e9d3fe8bf0a265d837bfcbd
5e9d3fe8bf0a265d837bfcbd- 1₹ 600false
- 2₹ 500true
- 3₹ 660false
- 4₹ 550false
- 5None of thesefalse
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Answer : 2. "₹ 500"
Q: Purchased a table for 13500 and sold it 11000. What is his loss percentage?
1634 05e7c376f50339c736669288a
5e7c376f50339c736669288a- 119.81%false
- 220.62%false
- 321.78%false
- 418.52%true
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Answer : 4. "18.52%"
Q: Ramesh sold a phone at a loss of 5%. Had he sold it for Rs. 200 more, he would gave gained 15%. To gain 25%, he should sell it for :
1632 05ee0620f0cb2490dae750b3b
5ee0620f0cb2490dae750b3b- 1Rs. 1175false
- 2Rs. 1150false
- 3Rs. 1225false
- 4Rs. 1250true
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Answer : 4. "Rs. 1250"
Q: A wholesaler sold a water purifier at a loss of 40%. If the selling price has been increased by Its. 125, then wholesaler will get the profit of 10%. What was the cost price of the purifier?
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5ee05cab3f1add232d832452- 1Rs. 250true
- 2Rs. 225false
- 3Rs. 275false
- 4Rs. 300false
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