Profit and Loss Practice Question and Answer

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 :

1513 0

  • 1
    Rs. 1175
    Correct
    Wrong
  • 2
    Rs. 1150
    Correct
    Wrong
  • 3
    Rs. 1225
    Correct
    Wrong
  • 4
    Rs. 1250
    Correct
    Wrong
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Answer : 4. "Rs. 1250"

Q:

Oranges are bought at 7 for Rs. 3. At what rate per hundred must they be sold to gain 33 % ? 

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  • 1
    Rs. 56
    Correct
    Wrong
  • 2
    Rs. 60
    Correct
    Wrong
  • 3
    Rs. 58
    Correct
    Wrong
  • 4
    Rs. 57
    Correct
    Wrong
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Answer : 4. "Rs. 57"

Q:

Purchased a table for 13500 and sold it 11000. What is his loss percentage?

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  • 1
    19.81%
    Correct
    Wrong
  • 2
    20.62%
    Correct
    Wrong
  • 3
    21.78%
    Correct
    Wrong
  • 4
    18.52%
    Correct
    Wrong
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Answer : 4. "18.52%"

Q:

A loss of 19% gets converted into a profit of 17% when the selling price is increased by Rs. 162. The cost price of the article is 

1509 0

  • 1
    Rs. 450
    Correct
    Wrong
  • 2
    Rs. 600
    Correct
    Wrong
  • 3
    Rs. 360
    Correct
    Wrong
  • 4
    Rs. 540
    Correct
    Wrong
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Answer : 1. "Rs. 450"

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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  • 1
    Rs. 250
    Correct
    Wrong
  • 2
    Rs. 225
    Correct
    Wrong
  • 3
    Rs. 275
    Correct
    Wrong
  • 4
    Rs. 300
    Correct
    Wrong
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Answer : 1. "Rs. 250 "

Q:

If a man estimates his loss as 20% of the selling price, then his loss percent is:

1491 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    40/3%
    Correct
    Wrong
  • 4
    50/3%
    Correct
    Wrong
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Answer : 4. "50/3%"

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Answer : 1. "6,285.7 "

Q:

Ranjan made a profit of 25% when selling a TV set at Rs. 3000. If he now has to pay Rs. 500 more for the set, what should be his new selling price in order to make the same percentage of profit?

1458 0

  • 1
    ₹ 3650
    Correct
    Wrong
  • 2
    ₹ 4000
    Correct
    Wrong
  • 3
    ₹ 3600
    Correct
    Wrong
  • 4
    ₹ 3625
    Correct
    Wrong
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Answer : 4. "₹ 3625 "

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