Profit and Loss Practice Question and Answer

Q:

A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is: 

923 0

  • 1
    $$1{1\over5}$$
    Correct
    Wrong
  • 2
    $$2{1\over5}$$
    Correct
    Wrong
  • 3
    $$2{1\over2}$$
    Correct
    Wrong
  • 4
    2
    Correct
    Wrong
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Answer : 1. " $$1{1\over5}$$"

Q:

The cost price of two dozen bananas is Rs. 32 After selling 18 bananas at the rate Rs. 12 per dozen, the shopkeeper reduced to rate as Rs. 4 per dozen. The percent loss is 

1974 0

  • 1
    36.5%
    Correct
    Wrong
  • 2
    37.5%
    Correct
    Wrong
  • 3
    25.2%
    Correct
    Wrong
  • 4
    32.4%
    Correct
    Wrong
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Answer : 2. "37.5% "

Q:

A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth , the profit is 

833 0

  • 1
    50%
    Correct
    Wrong
  • 2
    11%
    Correct
    Wrong
  • 3
    40%
    Correct
    Wrong
  • 4
    22%
    Correct
    Wrong
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Answer : 1. "50% "

Q:

A men sells his cycle at 6% profit. Had he sold it at 15% profit, he would have received 180 Rs. More. What is the cost price of the cycle?

785 0

  • 1
    Rs 1000
    Correct
    Wrong
  • 2
    Rs 1200
    Correct
    Wrong
  • 3
    Rs 1500
    Correct
    Wrong
  • 4
    Rs 2000
    Correct
    Wrong
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Answer : 4. "Rs 2000"

Q:

Sandeep buys an old scooter for Rs.4700 and spends Rs.800 on its repairs. If he sells to its Rajesh for Rs.5800, then his gain percent will be:

2572 0

  • 1
    $$ 5 {5\over11}%$$
    Correct
    Wrong
  • 2
    $$ 4 {4\over7}%$$
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 1. "$$ 5 {5\over11}%$$"

Q:

By selling 15 mangoes, a fruit seller gains the selling price of 3 mangoes. His gain is

2325 0

  • 1
    25%
    Correct
    Wrong
  • 2
    16%
    Correct
    Wrong
  • 3
    24%
    Correct
    Wrong
  • 4
    27%
    Correct
    Wrong
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Answer : 1. "25%"

Q:

If a man purchase 11 articles for Rs.10 and sold all the articles at the rate of 10 for Rs.11, the profit percentage will be.

1358 0

  • 1
    10%
    Correct
    Wrong
  • 2
    11%
    Correct
    Wrong
  • 3
    21%
    Correct
    Wrong
  • 4
    100%
    Correct
    Wrong
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Answer : 3. "21% "

Q:

Ramesh sold a phone at a loss of 5%. Had he sold it for Rs. 200 more, he would gave gained 15%. To gain 25%, he should sell it for :

1514 0

  • 1
    Rs. 1175
    Correct
    Wrong
  • 2
    Rs. 1150
    Correct
    Wrong
  • 3
    Rs. 1225
    Correct
    Wrong
  • 4
    Rs. 1250
    Correct
    Wrong
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Answer : 4. "Rs. 1250"

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