Profit and Loss Practice Question and Answer
8 Q: If the cost of production of an article is 2/5 of its marked retail price, If it is sold at 10 % discount then what will be profit ?
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5e6f7d2e3550c37dbe365029- 125%false
- 240%false
- 350%false
- 4125%true
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Answer : 4. "125% "
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.
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5ee21d122bf4c40446474582- 110%false
- 211%false
- 321%true
- 4100%false
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Answer : 3. "21% "
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.
1473 060408aafb0e8d85dadab7639
60408aafb0e8d85dadab7639- 1Rs 750true
- 2Rs 760false
- 3Rs 744false
- 4Rs 757false
- 5Rs 748false
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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.
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5f76cedcf66ef56de858d438- 1Rs.25false
- 2Rs.26.20false
- 3Rs.27.80false
- 4Rs.28.80true
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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?
1442 0642253fd2b960e1a4180c9bb
642253fd2b960e1a4180c9bb- 166.67%true
- 238.33%false
- 341.33%false
- 451.33%false
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Answer : 1. "66.67%"
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
1426 05f803b6488aba328edaf3cd0
5f803b6488aba328edaf3cd0- 1Rs. 390true
- 2Rs. 380false
- 3Rs. 400false
- 4Rs. 440false
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Answer : 1. "Rs. 390"
Explanation :
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?
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5e84392241a4013349c16e43- 140false
- 250false
- 360true
- 470false
- 5None of thesefalse
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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?
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5f1aa68498004644da94fca3- 1Rs. 500false
- 2Rs.560false
- 3Rs. 540true
- 4Rs.492.5false
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