Profit and Loss Practice Question and Answer

Q:

A tradesman marks his goods at 20 % above the cost price. He allows his customers a discount of 8% on marked price. Find out his profit percent.

1298 0

  • 1
    12 %
    Correct
    Wrong
  • 2
    10.4 %
    Correct
    Wrong
  • 3
    16 %
    Correct
    Wrong
  • 4
    20 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "10.4 %"

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 

1294 1

  • 1
    Rs. 664.50
    Correct
    Wrong
  • 2
    Rs. 684.50
    Correct
    Wrong
  • 3
    Rs. 704.50
    Correct
    Wrong
  • 4
    Rs. 724.50
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 724.50 "
Explanation :

Q:

A businessman sells a commodity at 10 % profit. If he had bought it at 10 % less and sold it for Rs. 2 less, then he would have gained $$16{2\over3}\%$$. The cost price of the commodity is 

1267 1

  • 1
    Rs . 32
    Correct
    Wrong
  • 2
    Rs . 48
    Correct
    Wrong
  • 3
    Rs . 36
    Correct
    Wrong
  • 4
    Rs . 40
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs . 40 "

Q:

Ranveer bought a computer paying 25% less than the list price and sold it to his neighbour at a 40% profit on his purchase cost. The profit percentage earned by Ranveer on the list price of the computer is:

1259 0

  • 1
    10%
    Correct
    Wrong
  • 2
    7.5%
    Correct
    Wrong
  • 3
    6.67%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "5%"

Q:

A shopkeeper had 2000 kgs of rice. He sold a part of it at 11% profit and the rest at 17% profit, so that he made a total profit 15.2%. How much rice (in kgs) did he sell at 17% profit?

1254 0

  • 1
    600
    Correct
    Wrong
  • 2
    1400
    Correct
    Wrong
  • 3
    700
    Correct
    Wrong
  • 4
    1200
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "1400"

Q:

By selling 66 metres cloth, a man loses S.P. of 11 metres. What is the loss percent?

1249 0

  • 1
    $$ {14{2\over 7}}{\%}$$
    Correct
    Wrong
  • 2
    $$ {28{2\over 7}}{\%}$$
    Correct
    Wrong
  • 3
    $$ {19{2\over 7}}{\%}$$
    Correct
    Wrong
  • 4
    $$ {17{2\over 7}}{\%}$$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "$$ {14{2\over 7}}{\%}$$"

Q:

A shopkeeper sold his goods at half the list price and thus lost 20 %. If he had sold on the listed price, his gain percentage would be 

1247 0

  • 1
    20%
    Correct
    Wrong
  • 2
    60%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    72%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "60% "

Q:

Rahul purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?

1246 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    4.5
    Correct
    Wrong
  • 3
    6.5
    Correct
    Wrong
  • 4
    5.6
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. " 5.6"

      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