Profit and Loss Practice Question and Answer

Q:

A man has 60 pens. He sells some of these at a profit of 12 % and the rest at 8 % loss. On the whole, he gets a profit 11 %. How many pens were sold at 12 % profit.

1269 1

  • 1
    47
    Correct
    Wrong
  • 2
    52
    Correct
    Wrong
  • 3
    55
    Correct
    Wrong
  • 4
    57
    Correct
    Wrong
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Answer : 4. "57"

Q:

Ratio of CP and SP is 12:13, then the profit percent is?

1267 0

  • 1
    8.33%
    Correct
    Wrong
  • 2
    12.5%
    Correct
    Wrong
  • 3
    7.82%
    Correct
    Wrong
  • 4
    9.4%
    Correct
    Wrong
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Answer : 1. "8.33%"

Q:

Selling price of an article is of cost price. What is the profit percentage?

1258 0

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

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?

1257 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:

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?

1254 0

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

Q:

A sells to B an iron box at 10% profit. B sells it to C for 20% profit. If C pays Rs. 528 then then the cost price of A is

1250 0

  • 1
    400
    Correct
    Wrong
  • 2
    508
    Correct
    Wrong
  • 3
    500
    Correct
    Wrong
  • 4
    498
    Correct
    Wrong
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Answer : 1. "400"

Q:

The cost price of item B is Rs. 150/- more than the cost price of item A. Item A was sold at a profit of 10% and item B was sold at a loss of 20%. If the respective ratio of selling prices of items A and B is 11 : 12, what is the cost price of item B?

1248 1

  • 1
    Rs. 450/-
    Correct
    Wrong
  • 2
    Rs. 420/-
    Correct
    Wrong
  • 3
    Rs. 400/-
    Correct
    Wrong
  • 4
    Rs. 350/-
    Correct
    Wrong
  • 5
    Rs. 480/-
    Correct
    Wrong
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Answer : 1. "Rs. 450/-"

Q:

By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%? 

1248 0

  • 1
    Rs . 910
    Correct
    Wrong
  • 2
    Rs . 1200
    Correct
    Wrong
  • 3
    Rs . 1232
    Correct
    Wrong
  • 4
    Rs . 1300
    Correct
    Wrong
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Answer : 4. "Rs . 1300 "

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