Profit and Loss Practice Question and Answer

Q:

On selling an article for Rs.240, a trader loss of 10%.In order to gain 10%, he must sell that article for -

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  • 1
    Rs.267.50
    Correct
    Wrong
  • 2
    Rs.290.80
    Correct
    Wrong
  • 3
    Rs.293.32
    Correct
    Wrong
  • 4
    Rs.296.84
    Correct
    Wrong
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Answer : 3. "Rs.293.32"

Q:

The selling price of the product was equal to 50% of its cost price. Two gradual discounts were offered on the product. If the first discount was 20%, then what was the second discount?

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  • 1
    30 %
    Correct
    Wrong
  • 2
    37.5 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    33.33 %
    Correct
    Wrong
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Answer : 2. "37.5 %"

Q:

A book seller sells a book at a profit of 10 %. If he had bought it at 4 % less and sold it for Rs. 6 more. he would have gained $$18{3\over4}\%$$. The cost price of the book is 

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  • 1
    Rs . 150
    Correct
    Wrong
  • 2
    Rs . 160
    Correct
    Wrong
  • 3
    Rs. 130
    Correct
    Wrong
  • 4
    Rs. 140
    Correct
    Wrong
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Answer : 1. "Rs . 150 "

Q:

A watch is sold at a profit of 25%. Had it been sold for Rs.120 less then, there would have been a less then of 15%. What is the cost price in rupees?

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  • 1
    Rs.400
    Correct
    Wrong
  • 2
    Rs.350
    Correct
    Wrong
  • 3
    Rs.200
    Correct
    Wrong
  • 4
    Rs.300
    Correct
    Wrong
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Answer : 4. "Rs.300"

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 %?

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  • 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:

A shopkeeper sold sarees at Rs. 266 each after giving 5 % discount on labelled price. Had he not given the discount, he would have earned a profit of 12 % on the cost price. What was the cost price of each saree? 

862 0

  • 1
    Rs. 240
    Correct
    Wrong
  • 2
    Rs. 250
    Correct
    Wrong
  • 3
    Rs. 280
    Correct
    Wrong
  • 4
    Rs. 260
    Correct
    Wrong
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Answer : 2. "Rs. 250 "

Q:

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

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  • 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"

Q:

Bananas are bought at 3 for Rs. 2 and sold at 5 for Rs. 4. Find the gain or loss percent.

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  • 1
    25%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    30%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 2. "20% "

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