Profit and Loss Practice Question and Answer

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?

1369 0

  • 1
    600
    Correct
    Wrong
  • 2
    1400
    Correct
    Wrong
  • 3
    700
    Correct
    Wrong
  • 4
    1200
    Correct
    Wrong
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Answer : 2. "1400"

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 . The cost price of the commodity is 

1367 1

  • 1
    Rs . 32
    Correct
    Wrong
  • 2
    Rs . 48
    Correct
    Wrong
  • 3
    Rs . 36
    Correct
    Wrong
  • 4
    Rs . 40
    Correct
    Wrong
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Answer : 4. "Rs . 40 "

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 

1366 0

  • 1
    20%
    Correct
    Wrong
  • 2
    60%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    72%
    Correct
    Wrong
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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?

1365 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    4.5
    Correct
    Wrong
  • 3
    6.5
    Correct
    Wrong
  • 4
    5.6
    Correct
    Wrong
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Answer : 4. " 5.6"

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?

1365 0

  • 1
    410 ₹
    Correct
    Wrong
  • 2
    402 ₹
    Correct
    Wrong
  • 3
    417 ₹
    Correct
    Wrong
  • 4
    420 ₹
    Correct
    Wrong
  • 5
    442 ₹
    Correct
    Wrong
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Answer : 2. "402 ₹"

Q:

From 2008 to 2009, the sales of a book decreased by 80%. If the sales in 2010 were the same as in 2008, by what percent did it increase from 2009 to 2010?

1362 0

  • 1
    120%
    Correct
    Wrong
  • 2
    400%
    Correct
    Wrong
  • 3
    80%
    Correct
    Wrong
  • 4
    100%
    Correct
    Wrong
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Answer : 2. "400%"

Q:

If shopkeeper sold the mobile for Rs.15000 and then he gets some loss. If he sold the same mobile at Rs.19200 and then he gets profit is double of loss. Find the cost price of the mobile?

1356 0

  • 1
    Rs.16000
    Correct
    Wrong
  • 2
    Rs.18000
    Correct
    Wrong
  • 3
    Rs.17500
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these "

Q:

A trader sells two items at the rate of Rs 400 each. If he gains 15% on one and losses 15% on other, then what is the value (in Rs) of loss?

1340 0

  • 1
    24.36
    Correct
    Wrong
  • 2
    22.14
    Correct
    Wrong
  • 3
    20.25
    Correct
    Wrong
  • 4
    18.41
    Correct
    Wrong
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Answer : 4. "18.41"

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