Profit and Loss Practice Question and Answer
8 Q: The value of a mobile phone depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 6561/-, its purchase price was.
613 062f11ebe09a97851b626689c
62f11ebe09a97851b626689c- 1Rs. 8100false
- 2Rs. 9000true
- 3Rs. 9100false
- 4Rs. 9729false
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Answer : 2. "Rs. 9000 "
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 05f211ad70fc7110ad91fb995
5f211ad70fc7110ad91fb995- 150false
- 2100true
- 3$$16{2\over 3}$$false
- 4$$33{1\over 3}$$false
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Answer : 2. "100"
Q: Which one of the following costs more?
I. 200 packets of ₹ 250 each
II . 20 dozens of ₹ 250 each
561 0622b2fe57c4208076bab6480
622b2fe57c4208076bab6480- 1Ifalse
- 2IItrue
- 3Both I and II are equalfalse
- 4Cannot be calculatedfalse
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Answer : 2. "II"
Q: The cost price of item B is Rs. 150/- more than the cost price of item A. Item A was sold at a profit of 10% and item B was sold at a loss of 20%. If the respective ratio of selling prices of items A and B is 11 : 12, what is the cost price of item B?
1150 161cdbab5edcf9307082e58bb
61cdbab5edcf9307082e58bb- 1Rs. 450/-true
- 2Rs. 420/-false
- 3Rs. 400/-false
- 4Rs. 350/-false
- 5Rs. 480/-false
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Answer : 1. "Rs. 450/-"
Q: Pratap bought a radio at a discount of 25% on the real price. He got 40 Rs more, when he sold it at 140 percent of the cost price. Find the the price at which Pratap bought the radio? 3454 05d132bb809a40f38019e53b0
5d132bb809a40f38019e53b0- 1800false
- 2700false
- 3900false
- 4600true
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Answer : 4. "600"
Q: If the ratio of cost price and selling price is 5 : 4, then the loss percentage is-
737 1617a3e034e71ee22ddb61aac
617a3e034e71ee22ddb61aac- 120 %true
- 225 %false
- 340 %false
- 450 %false
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Answer : 1. "20 % "
Q: A cow was sold at 8% profit. If it were bought at 20% less and sold at 40% profit, then the owner would gain ₹ 640 more. Find the initial cost price of the cow.
1404 1614c6ea7cf76ad014639dbc3
614c6ea7cf76ad014639dbc3- 1₹ 15,000false
- 2₹ 16,000true
- 3₹ 20,000false
- 4₹ 25,000false
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Answer : 2. "₹ 16,000 "
Q: A vacuum cleaner was marked at 30% above the cost price and a discount of 24% was given on its marked price. What is the profit/loss percentage?
1613 0611f795bb14e9c13a8ec06c3
611f795bb14e9c13a8ec06c3- 14%false
- 21.2%true
- 36.25%false
- 42.5%false
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