Profit and Loss Practice Question and Answer

Q:

An article is sold at a profit of 20% of its cost price. If cost price and selling price reduces by Rs 10 and Rs. 5 respectively, then the percentage profit increased to 30%. Find the cost price?

965 0

  • 1
    Rs. 80
    Correct
    Wrong
  • 2
    Rs. 50
    Correct
    Wrong
  • 3
    Rs. 75
    Correct
    Wrong
  • 4
    Rs. 60
    Correct
    Wrong
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Answer : 1. "Rs. 80"

Q:

An article is sold for Rs 4,777 after giving a discount of 15%. What is the marked price of the article?

816 0

  • 1
    5495
    Correct
    Wrong
  • 2
    5420
    Correct
    Wrong
  • 3
    5620
    Correct
    Wrong
  • 4
    5348
    Correct
    Wrong
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Answer : 3. "5620"

Q:

If Cost price of an article is Rs.220 and profit is 20 %, then what will be the selling price of the article?

956 0

  • 1
    Rs. 264
    Correct
    Wrong
  • 2
    Rs. 216
    Correct
    Wrong
  • 3
    Rs. 176
    Correct
    Wrong
  • 4
    Rs. 256
    Correct
    Wrong
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Answer : 1. "Rs. 264"

Q: A milkman has 20 liters of milk. If he mixes 5 liters of water, which is freely available, in 20 liters of pure milk. If the cost of pure milk is Rs. 18 per litre, then the profit of the milkman, when he sells all the mixture at  cost price, is: 4506 6

  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    33.33%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "25%"
Explanation :

Answer: B) 25% Explanation: When the water is freely available and all the water is sold at the price of the milk, then the water gives the profit on the cost of 20 litres of milk.     Since,    the profit % = ProfitCostPricex100 Therefore, profit percentage = 520x100  = 25%

Q:

A trader makes a profit equal to the selling price of 75 articles when he sold 100 of the articles . What % profit did he make in the transaction?

1050 0

  • 1
    300%
    Correct
    Wrong
  • 2
    150%
    Correct
    Wrong
  • 3
    33.33%
    Correct
    Wrong
  • 4
    75%
    Correct
    Wrong
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Answer : 1. "300% "

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 "

Q:

An article was sold for Rs.4000. Had a discount of 10% was being offered, the profit would have been 20%. The cost price of the article was:

1123 0

  • 1
    Rs.3000
    Correct
    Wrong
  • 2
    Rs.3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3310
    Correct
    Wrong
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Answer : 1. "Rs.3000"

Q:

A discount of 20% in the price of rice enables X to buy 5 kg more rice for ₹100. What is the reduced price of rice per kg?

885 0

  • 1
    ₹4
    Correct
    Wrong
  • 2
    ₹2
    Correct
    Wrong
  • 3
    ₹1
    Correct
    Wrong
  • 4
    ₹3
    Correct
    Wrong
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Answer : 1. "₹4"

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