Profit and Loss Practice Question and Answer

Q:

When Vijay sells 12 pens, he gains the selling price of pens. Calculate his % profit?

1447 0

  • 1
    15%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 2. "20%"

Q:

A wholesaler sold a water purifier at a loss of 40%. If the selling price has been increased by Its. 125, then wholesaler will get the profit of 10%. What was the cost price of the purifier?

1498 0

  • 1
    Rs. 250
    Correct
    Wrong
  • 2
    Rs. 225
    Correct
    Wrong
  • 3
    Rs. 275
    Correct
    Wrong
  • 4
    Rs. 300
    Correct
    Wrong
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Answer : 1. "Rs. 250 "

Q:

A and B invest in a business in the ratio 3:2. If 5% of the total profit goes to charity and A’s share is Rs.855, the total profit is:

1061 0

  • 1
    Rs. 1425
    Correct
    Wrong
  • 2
    Rs. 1500
    Correct
    Wrong
  • 3
    Rs. 1537.50
    Correct
    Wrong
  • 4
    Rs.1576
    Correct
    Wrong
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Answer : 2. "Rs. 1500"

Q:

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

1099 0

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

Q:

A person bought 8 quintals of rice for certain rupees. After a week, he sold 3 quintals of rice at 10% profit, 3 quintals of rice with neither profit nor loss and 2 quintals at 5% loss. In this transaction what is the profit? 

2491 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    0.5
    Correct
    Wrong
  • 3
    1.5
    Correct
    Wrong
  • 4
    2.5
    Correct
    Wrong
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Answer : 4. "2.5"

Q:

A merchant sells a radio at 10 % profit if he bought 10% less and sold it Rs.132 less then he got 10% profit. Find the cost price of radio?

1205 0

  • 1
    1100
    Correct
    Wrong
  • 2
    1200
    Correct
    Wrong
  • 3
    1300
    Correct
    Wrong
  • 4
    1320
    Correct
    Wrong
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Answer : 2. "1200"

Q:

By selling 25 m of cloth a man gains the selling price of 5 m of cloth. Find the gain percent?

884 0

  • 1
    25 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    30 %
    Correct
    Wrong
  • 4
    22 %
    Correct
    Wrong
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Answer : 1. "25 %"

Q:

The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss is 

809 0

  • 1
    20% gain
    Correct
    Wrong
  • 2
    25% gain
    Correct
    Wrong
  • 3
    33.33% loss
    Correct
    Wrong
  • 4
    40% loss
    Correct
    Wrong
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Answer : 4. "40% loss "

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