Profit and Loss Practice Question and Answer

Q:

A shopkeeper bought goods for Rs. 2025. He sold $$ {1\over 5}$$ th of it at 20% profit and the remaining at the profit of 5%, the profit per cent on the whole is

968 0

  • 1
    6%
    Correct
    Wrong
  • 2
    7%
    Correct
    Wrong
  • 3
    6.5%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 4. "8%"

Q:

An article is sold at a profit of 20% of its cost price. If cost price and selling price reduces by Rs 10 and Rs. 5 respectively, then the percentage profit increased to 30%. Find the cost price?

965 0

  • 1
    Rs. 80
    Correct
    Wrong
  • 2
    Rs. 50
    Correct
    Wrong
  • 3
    Rs. 75
    Correct
    Wrong
  • 4
    Rs. 60
    Correct
    Wrong
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Answer : 1. "Rs. 80"

Q:

A shopkeeper sells a watch set on discount of 8% of printed price and gain 25 %. If marked price was Rs. 20,000 then, what was the cost price?

962 1

  • 1
    Rs. 13,800
    Correct
    Wrong
  • 2
    Rs. 14,720
    Correct
    Wrong
  • 3
    Rs. 14, 800
    Correct
    Wrong
  • 4
    Rs. 13, 720
    Correct
    Wrong
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Answer : 2. "Rs. 14,720"

Q:

If Cost price of an article is Rs.220 and profit is 20 %, then what will be the selling price of the article?

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  • 1
    Rs. 264
    Correct
    Wrong
  • 2
    Rs. 216
    Correct
    Wrong
  • 3
    Rs. 176
    Correct
    Wrong
  • 4
    Rs. 256
    Correct
    Wrong
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Answer : 1. "Rs. 264"

Q:

If the cost price of 28 items is equal to the selling price of 21 items, what is the profit percentage?

953 0

  • 1
    12 %
    Correct
    Wrong
  • 2
    $$ {33{1\over 3}}\%$$
    Correct
    Wrong
  • 3
    20 %
    Correct
    Wrong
  • 4
    22 %
    Correct
    Wrong
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Answer : 2. "$$ {33{1\over 3}}\%$$"

Q:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was the marked price of the article?

949 0

  • 1
    Rs 6207
    Correct
    Wrong
  • 2
    Rs 6242
    Correct
    Wrong
  • 3
    Rs 6292
    Correct
    Wrong
  • 4
    Rs 6192
    Correct
    Wrong
  • 5
    Rs 6272
    Correct
    Wrong
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Answer : 5. "Rs 6272"

Q:

A man wanted to sell an article with 20% profit: but he actually sold at 20% loss for Rs. 480, At what price he wanted to sell it to earn the profit? 

944 0

  • 1
    Rs.720
    Correct
    Wrong
  • 2
    Rs.840
    Correct
    Wrong
  • 3
    Rs.600
    Correct
    Wrong
  • 4
    Rs . 750
    Correct
    Wrong
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Answer : 1. "Rs.720 "

Q:

When an article is sold for Rs 366, there is a loss of 39%. To gain 41% it should be sold for Rs? 

943 0

  • 1
    626
    Correct
    Wrong
  • 2
    426
    Correct
    Wrong
  • 3
    846
    Correct
    Wrong
  • 4
    354
    Correct
    Wrong
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Answer : 3. "846 "

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