Profit and Loss Practice Question and Answer

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Answer : 1. "Rs. 1800 "

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Answer : 2. "450 kg."

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Answer : 4. "120 kg."

Q:

Two mobile phones were purchased at the same price. One was sold at a profit of 30 % and the second was sold at a price which was Rs 2500 less than the price at which the first was sold. If the overall profit earned by selling both the mobile phones was 5 %, what was the cost price of one mobile phone? 

1980 0

  • 1
    Rs. 8000
    Correct
    Wrong
  • 2
    Rs. 5000
    Correct
    Wrong
  • 3
    Rs. 6000
    Correct
    Wrong
  • 4
    Rs. 4500
    Correct
    Wrong
  • 5
    Rs. 5500
    Correct
    Wrong
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Answer : 2. "Rs. 5000 "

Q:

The cost price of two items P and Q are equal. If item P sold at 40% profit and item Q sold at 20% less than the selling price of item P, then the total profit is ?

1148 0

  • 1
    ₹ 600
    Correct
    Wrong
  • 2
    ₹ 500
    Correct
    Wrong
  • 3
    ₹ 660
    Correct
    Wrong
  • 4
    ₹ 550
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "₹ 500"

Q:

The profit percentage of P and Q is same on selling the articles at Rs. 1800 each but A calculates his profit on the selling price while Q calculates it correctly on the cost price which is equal to 20%. What is the difference in their profits?

1311 0

  • 1
    40
    Correct
    Wrong
  • 2
    50
    Correct
    Wrong
  • 3
    60
    Correct
    Wrong
  • 4
    70
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "60"

Q:

A scientist mixes 10% water in his solution but he is not content with it so he again mixes 10% more water in the previous mixture. What is the profit percentage of the scientist if he sells it at cost price:

1378 0

  • 1
    15%
    Correct
    Wrong
  • 2
    21%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    16%
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "18%"

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