Profit and Loss Practice Question and Answer

Q:

If a man purchase 11 articles for Rs.10 and sold all the articles at the rate of 10 for Rs.11, the profit percentage will be.

1471 0

  • 1
    10%
    Correct
    Wrong
  • 2
    11%
    Correct
    Wrong
  • 3
    21%
    Correct
    Wrong
  • 4
    100%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "21% "

Q:

A trader had 16 quintals of wheat. He sold a part of it at 17% profit and the rest at 27% profit, so that he made a total profit of 21%. How much wheat did he sell at 27 % profit? 

1469 0

  • 1
    320 kg
    Correct
    Wrong
  • 2
    1280 kg
    Correct
    Wrong
  • 3
    960 kg
    Correct
    Wrong
  • 4
    640 kg
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "640 kg "

Q:

A shopkeeper marked the price of an article by 40% above cost price and gave discount of Rs. 224. On the final amount, he charged 10% tax. In the whole transaction, he earned Rs. 158.6. Find cost price of the article.

1451 0

  • 1
    Rs 750
    Correct
    Wrong
  • 2
    Rs 760
    Correct
    Wrong
  • 3
    Rs 744
    Correct
    Wrong
  • 4
    Rs 757
    Correct
    Wrong
  • 5
    Rs 748
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs 750"

Q:

Due to increase in the value of eggs by 20 percent, two eggs started getting less at Rs. 24. The current price per dozen of eggs.

1433 0

  • 1
    Rs.25
    Correct
    Wrong
  • 2
    Rs.26.20
    Correct
    Wrong
  • 3
    Rs.27.80
    Correct
    Wrong
  • 4
    Rs.28.80
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs.28.80"

Q:

An article is sold at a loss of 40%. The nominal amount of loss is approximately what percentage of the selling price of the article?

1417 0

  • 1
    66.67%
    Correct
    Wrong
  • 2
    38.33%
    Correct
    Wrong
  • 3
    41.33%
    Correct
    Wrong
  • 4
    51.33%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "66.67%"

Q:

The profit percentage of P and Q is same on selling the articles at Rs. 1800 each but A calculates his profit on the selling price while Q calculates it correctly on the cost price which is equal to 20%. What is the difference in their profits?

1406 0

  • 1
    40
    Correct
    Wrong
  • 2
    50
    Correct
    Wrong
  • 3
    60
    Correct
    Wrong
  • 4
    70
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "60"

Q:

The cost price of an article is Rs. 480. If it is sold at a profit of 12.5 percent, what will be the selling price of the article?

1400 0

  • 1
    Rs. 500
    Correct
    Wrong
  • 2
    Rs.560
    Correct
    Wrong
  • 3
    Rs. 540
    Correct
    Wrong
  • 4
    Rs.492.5
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 540"

Q:

If the profit on selling an article for Rs. 425 is the same as the loss on selling it for Rs. 355, then the cost price of the article is 

1398 0

  • 1
    Rs. 390
    Correct
    Wrong
  • 2
    Rs. 380
    Correct
    Wrong
  • 3
    Rs. 400
    Correct
    Wrong
  • 4
    Rs. 440
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 390"
Explanation :

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully