Profit and Loss Practice Question and Answer

Q:

What is the discount rate of a gift whose selling price is Rs. 420 after a reduction of Rs. 60 on its marked price ?

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  • 1
    10.5
    Correct
    Wrong
  • 2
    12.5
    Correct
    Wrong
  • 3
    14.5
    Correct
    Wrong
  • 4
    13.5
    Correct
    Wrong
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Answer : 2. "12.5"

Q:

An article was sold for Rs.4000. Had a discount of 10% was being offered, the profit would have been 20%. The cost price of the article was:

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  • 1
    Rs.3000
    Correct
    Wrong
  • 2
    Rs.3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3310
    Correct
    Wrong
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Answer : 1. "Rs.3000"

Q:

The cost price of 12 pens is equal to the selling price of 8 pens. The profit percentage is:

1119 0

  • 1
    50 %
    Correct
    Wrong
  • 2
    40 %
    Correct
    Wrong
  • 3
    55 %
    Correct
    Wrong
  • 4
    45 %
    Correct
    Wrong
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Answer : 1. "50 %"

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?

1117 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:

A car worth Rs 30,000 was sold by A to B at 10 % profit. B sold the car back to A at 5 % loss. In the entire transaction.

1115 0

  • 1
    A gain Rs 1500
    Correct
    Wrong
  • 2
    A loss Rs 1500
    Correct
    Wrong
  • 3
    A gain Rs. 1650
    Correct
    Wrong
  • 4
    A gain Rs. 1850
    Correct
    Wrong
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Answer : 3. "A gain Rs. 1650"

Q:

A merchant has 1000 kg sugar, some part of which he sells at 8 % profit and the rest at 18 % profit. He gains 14 % on the whole. The quantity sold at 8 % profit is: 

1113 0

  • 1
    400 kg
    Correct
    Wrong
  • 2
    560 kg
    Correct
    Wrong
  • 3
    600 kg
    Correct
    Wrong
  • 4
    640 kg
    Correct
    Wrong
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Answer : 1. "400 kg"

Q:

A man sells two chairs at Rs. 120 each and by doing so he gains 25% on one chair and loses 25% on the other. His loss on the whole in Rs.is

1109 0

  • 1
    20
    Correct
    Wrong
  • 2
    16
    Correct
    Wrong
  • 3
    25
    Correct
    Wrong
  • 4
    30
    Correct
    Wrong
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Answer : 2. "16"

Q:

A vendor buys bananas at 12 for 45 and sells at 5 for 35. What will be the gain ? 

1096 0

  • 1
    87 %
    Correct
    Wrong
  • 2
    82 %
    Correct
    Wrong
  • 3
    92 %
    Correct
    Wrong
  • 4
    89 %
    Correct
    Wrong
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Answer : 1. " 87 % "

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