Profit and Loss Practice Question and Answer

Q:

Mr. Kiran sold a bus for Rs.18,700 at a loss of 15 %. At what price should the bus be sold to get a profit of 15 %?

861 0

  • 1
    Rs.25,300
    Correct
    Wrong
  • 2
    Rs. 25,523
    Correct
    Wrong
  • 3
    Rs. 25,522
    Correct
    Wrong
  • 4
    Rs. 25, 521
    Correct
    Wrong
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Answer : 1. "Rs.25,300"

Q:

The cash difference between the selling price of an article at a profit of 8 % and 12 % is Rs 3. The ratio of two selling prices is:

789 0

  • 1
    27 : 31
    Correct
    Wrong
  • 2
    27 : 28
    Correct
    Wrong
  • 3
    27 : 29
    Correct
    Wrong
  • 4
    29 : 31
    Correct
    Wrong
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Answer : 2. "27 : 28"

Q:

Mr. Dev sold a bus for Rs. 2210 with a loss of 15 %. At what price should the bus be sold to get a profit ot 15 %?

726 0

  • 1
    Rs. 2980
    Correct
    Wrong
  • 2
    Rs. 3000
    Correct
    Wrong
  • 3
    Rs. 2990
    Correct
    Wrong
  • 4
    Rs. 2970
    Correct
    Wrong
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Answer : 3. "Rs. 2990"

Q:

Sarita started a boutique investing an amount of 50,000. Six months later Neeta joined her with an amount of 80,000.  At the end of one year they earned a profit of 18,000. What is the Sarita’s share in the profit?

1140 0

  • 1
    9000
    Correct
    Wrong
  • 2
    8000
    Correct
    Wrong
  • 3
    12000
    Correct
    Wrong
  • 4
    10000
    Correct
    Wrong
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Answer : 4. "10000"

Q:

Arun purchased 30 kg. of rice at the rate of Rs. 17.50 per kg. and another Rs. 30 kg. at a certain rate. He mixed the two and sold the entire quantity at the rate Rs. 18.60 per kg. and made 20% overall profit. At what price per kg. did he pruchase the lot of another 30 kg. rice?

1042 0

  • 1
    Rs.11.50
    Correct
    Wrong
  • 2
    Rs.12.00
    Correct
    Wrong
  • 3
    Rs.14.50
    Correct
    Wrong
  • 4
    Rs.13.50
    Correct
    Wrong
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Answer : 4. "Rs.13.50"

Q:

If the profit on selling an article for Rs. 579 is the same as the loss on selling it for Rs. 337, then find the profit percent if its selling price is Rs. 687.

2565 0

  • 1
    245%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    27 ½ %
    Correct
    Wrong
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Answer : 3. "50%"

Q:

If a discount of 10% is allowed on the marked price of an article, a shopkeeper gets a profit of 25 %. If he offers a discount of 25% on the marked price of the same article, then his percentage profit/loss will be:

753 0

  • 1
    4 % profit
    Correct
    Wrong
  • 2
    $$ {4 {1\over 6}}{ \%}$$ loss
    Correct
    Wrong
  • 3
    $$ {4 {1\over 6}}{ \%}$$ profit
    Correct
    Wrong
  • 4
    4 % loss
    Correct
    Wrong
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Answer : 3. "$$ {4 {1\over 6}}{ \%}$$ profit"

Q:

The marked price of an article is Rs.800. A retailer buys it for Rs.540 after getting two successive discounts. The first discount is 25 %. What is the second discount?

718 0

  • 1
    8 %
    Correct
    Wrong
  • 2
    12 %
    Correct
    Wrong
  • 3
    10 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 3. "10 %"

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