Profit and Loss Practice Question and Answer

Q:

A trader marks his goods at 20% above cost price. If he allows a discount of 5% what is his final profit%?

640 0

  • 1
    12%
    Correct
    Wrong
  • 2
    14%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "14%"

Q:

Cost price of 25 chairs equals the selling price of 20 chairs. Find the profit %.

805 0

  • 1
    20%
    Correct
    Wrong
  • 2
    33%
    Correct
    Wrong
  • 3
    25%
    Correct
    Wrong
  • 4
    12.5%
    Correct
    Wrong
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Answer : 3. "25%"

Q:

By selling 90 chocolates for Rs. 160, a chocolate trader loses 20%. How many chocolates should he sell for Rs. 96 to make a profit of 20%?

850 0

  • 1
    45
    Correct
    Wrong
  • 2
    36
    Correct
    Wrong
  • 3
    54
    Correct
    Wrong
  • 4
    28
    Correct
    Wrong
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Answer : 2. "36"

Q:

Sarita sells a Phone at a profit of 20%. If she had bought it at 20% less and sold it for Rs. 180 less, she would have gained 25%. Find the cost price of the Phone.

4833 0

  • 1
    Rs. 800
    Correct
    Wrong
  • 2
    Rs. 850
    Correct
    Wrong
  • 3
    Rs. 900
    Correct
    Wrong
  • 4
    Rs. 1000
    Correct
    Wrong
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Answer : 3. "Rs. 900"

Q:

A wholesaler purchased 7 hair clips for a rupee. How many for a rupee must he sell to get profit of 40%?

654 0

  • 1
    6
    Correct
    Wrong
  • 2
    5
    Correct
    Wrong
  • 3
    4
    Correct
    Wrong
  • 4
    3
    Correct
    Wrong
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Answer : 2. "5"

Q:

Aparna changes the marked price of an item to 50% above its C.P. What % of discount allowed in approximately to gain 10%?

774 0

  • 1
    27%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    37%
    Correct
    Wrong
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Answer : 1. "27%"

Q:

Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?

785 0

  • 1
    10% Profit
    Correct
    Wrong
  • 2
    15% Profit
    Correct
    Wrong
  • 3
    12% Loss
    Correct
    Wrong
  • 4
    18% Loss
    Correct
    Wrong
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Answer : 1. "10% Profit"

Q:

A mobile plan costs Rs. 32 for 6 minutes. What is the approximate cost, in rupees, for 4 minutes?

859 0

  • 1
    21.30
    Correct
    Wrong
  • 2
    21.20
    Correct
    Wrong
  • 3
    21.50
    Correct
    Wrong
  • 4
    21.40
    Correct
    Wrong
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Answer : 1. "21.30"

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