Profit and Loss Practice Question and Answer

Q:

A man spends his 2 months income in 3 months and saves Rs 1500 in a year then Find his monthly income? 

2462 0

  • 1
    450
    Correct
    Wrong
  • 2
    425
    Correct
    Wrong
  • 3
    400
    Correct
    Wrong
  • 4
    375
    Correct
    Wrong
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Answer : 4. "375"

Q:

P purchase an item for Rs 1200 and sold it on a profit of 10%. If he sells it at Rs 1380 then calculate his increase in profit percentage. 

1642 0

  • 1
    5%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    12%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 1. "5% "

Q:

Purchased a table for 13500 and sold it 11000. What is his loss percentage?

1512 0

  • 1
    19.81%
    Correct
    Wrong
  • 2
    20.62%
    Correct
    Wrong
  • 3
    21.78%
    Correct
    Wrong
  • 4
    18.52%
    Correct
    Wrong
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Answer : 4. "18.52%"

Q:

There is 10 % loss if a watch is sold for Rs 1440/-. At What price it is to be sold to get 15 % profit. 

1662 0

  • 1
    Rs. 1840/-
    Correct
    Wrong
  • 2
    Rs. 1850/-
    Correct
    Wrong
  • 3
    Rs. 1800/-
    Correct
    Wrong
  • 4
    Rs. 1860/-
    Correct
    Wrong
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Answer : 1. "Rs. 1840/- "

Q:

If the cost of production of an article is 2/5 of its marked retail price, If it is sold at 10 % discount then what will be profit ? 

1410 0

  • 1
    25%
    Correct
    Wrong
  • 2
    40%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    125%
    Correct
    Wrong
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Answer : 4. "125% "

Q:

A DVD player was purchased for Rs 4860. At what price should it be sold so that 25% profit is earned?

2041 0

  • 1
    Rs 6225
    Correct
    Wrong
  • 2
    Rs 6275
    Correct
    Wrong
  • 3
    Rs 6075
    Correct
    Wrong
  • 4
    Rs 6025
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs 6075"

Q:

Cost of 18 shirts and 45 trousers is Rs 68,400. What is the cost of 10 shirts and 25 trousers?

1612 0

  • 1
    Rs 38,000
    Correct
    Wrong
  • 2
    Rs 36,000
    Correct
    Wrong
  • 3
    Rs 34,200
    Correct
    Wrong
  • 4
    Rs 36,200
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 38,000"

Q:

13 articles were bought for Rs. 5980 and sold for Rs 6656. How much was the approximate profit percentage per article?

3456 0

  • 1
    15 %
    Correct
    Wrong
  • 2
    11%
    Correct
    Wrong
  • 3
    9%
    Correct
    Wrong
  • 4
    19%
    Correct
    Wrong
  • 5
    13 %
    Correct
    Wrong
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Answer : 2. "11%"

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