Profit and Loss Practice Question and Answer
8 Q: The cost price of 12 pens is equal to the selling price of 8 pens. The profit percentage is:
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609f9ba56397877f3199dea2- 150 %true
- 240 %false
- 355 %false
- 445 %false
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Answer : 1. "50 %"
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: If Jhanavi borrowed Rs.1,25,000 at 8% compounded, what will be the amount to be paid back at the end of 2 years?
1630 05ebcd3e7106f3017d5fee94b
5ebcd3e7106f3017d5fee94b- 11,43,800true
- 22,00,000false
- 31,43,000false
- 41,35,800false
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Answer : 1. "1,43,800 "
Q: By selling 66 metres cloth, a man loses S.P. of 11 metres. What is the loss percent?
1627 060b60cc93065e2501934e6da
60b60cc93065e2501934e6da- 1$$ {14{2\over 7}}{\%}$$true
- 2$$ {28{2\over 7}}{\%}$$false
- 3$$ {19{2\over 7}}{\%}$$false
- 4$$ {17{2\over 7}}{\%}$$false
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Answer : 1. "$$ {14{2\over 7}}{\%}$$"
Q: A trade buys 800 kgs of tomatoes for Rs 7200. 10% tomatoes are damaged in transportation. At what rate (Rs / kg) should he sell the rest earn 30 % profit?
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5f0ecea3f4c8bf4bad02134a- 110false
- 212false
- 39false
- 413true
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Answer : 4. "13 "
Q: The cost price of a radio is Rs. 600. The 5% of the cost price is charged towards transportation. After adding that, If net profit to be made is 15%, then the selling price of the radio must be
1619 15efd532ceb90be58c591c03c
5efd532ceb90be58c591c03c- 1Rs. 664.50false
- 2Rs. 684.50false
- 3Rs. 704.50false
- 4Rs. 724.50true
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Answer : 4. "Rs. 724.50 "
Explanation :

Q: The cost price of an article is ₹390. If it is to be sold at a profit of 3.12 %, how much would be its approximate selling price?
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5df222db0183ea49d62dc550- 1410 ₹false
- 2402 ₹true
- 3417 ₹false
- 4420 ₹false
- 5442 ₹false
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Answer : 2. "402 ₹"
Q: If a shopkeeper bought 70 kg of potatoes for Rs 420 and sold the entire purchase at the rate of 6.50 per kg, what was his profit percentage?
1611 05fb39f7206649f682b909ba7
5fb39f7206649f682b909ba7- 1$$ {8{1\over 3}\%}$$true
- 2$$ {5{1\over 3}\%}$$false
- 3$$ {8{2\over 3}\%}$$false
- 4$$ {4{1\over 3}\%}$$false
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