Profit and Loss Practice Question and Answer

Q:

A tradesman marks his goods at 20 % above the cost price. He allows his customers a discount of 8% on marked price. Find out his profit percent.

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  • 1
    12 %
    Correct
    Wrong
  • 2
    10.4 %
    Correct
    Wrong
  • 3
    16 %
    Correct
    Wrong
  • 4
    20 %
    Correct
    Wrong
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Answer : 2. "10.4 %"

Q:

A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225/- for it, the cost price of the bicycle for A is: 

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  • 1
    Rs. 110 / -
    Correct
    Wrong
  • 2
    Rs. 125 /-
    Correct
    Wrong
  • 3
    Rs. 120 / -
    Correct
    Wrong
  • 4
    Rs. 150 /-
    Correct
    Wrong
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Answer : 4. "Rs. 150 /-"

Q:

Oranges are bought at 7 for Rs. 3. At what rate per hundred must they be sold to gain 33 % ? 

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  • 1
    Rs. 56
    Correct
    Wrong
  • 2
    Rs. 60
    Correct
    Wrong
  • 3
    Rs. 58
    Correct
    Wrong
  • 4
    Rs. 57
    Correct
    Wrong
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Answer : 4. "Rs. 57"

Q:

A dishonest dealer marks up the price of an article by 15% and gave a discount of 20%. He also uses 900gm instead of 1000gm. Find his profit percent.

1713 0

  • 1
    $$ { 23\over8}$$
    Correct
    Wrong
  • 2
    $$ { 20\over9}$$
    Correct
    Wrong
  • 3
    10
    Correct
    Wrong
  • 4
    $$ { 15\over7}$$
    Correct
    Wrong
  • 5
    20
    Correct
    Wrong
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Answer : 2. "$$ { 20\over9}$$"

Q:

A shopkeeper marked an article 75% above the cost price and sold it after a discount of 50%. Find the cost price of the article if he had a loss of Rs. 156.

1716 0

  • 1
    Rs. 1200
    Correct
    Wrong
  • 2
    Rs. 1240
    Correct
    Wrong
  • 3
    Rs. 1250
    Correct
    Wrong
  • 4
    Rs. 1248
    Correct
    Wrong
  • 5
    Rs. 1270
    Correct
    Wrong
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Answer : 4. "Rs. 1248"

Q:

A starts a business, after 6 months B also join him with Rs.4500 and after 2 months of B’s joining C also join them with Rs.4500. If A gets approx. Rs 4900 out of total annual profit of Rs. 10,000 then find the approximate value of initial investment of A.

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  • 1
    Rs. 4800
    Correct
    Wrong
  • 2
    Rs. 4200
    Correct
    Wrong
  • 3
    Rs. 3600
    Correct
    Wrong
  • 4
    Rs 4400
    Correct
    Wrong
  • 5
    Rs. 5200
    Correct
    Wrong
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Answer : 3. "Rs. 3600"

Q:

17 articles were bought for ₹3910 and sold for ₹4590. How much was the approximate profit percentage per article?

1633 0

  • 1
    17 %
    Correct
    Wrong
  • 2
    12 %
    Correct
    Wrong
  • 3
    9 %
    Correct
    Wrong
  • 4
    21 %
    Correct
    Wrong
  • 5
    25 %
    Correct
    Wrong
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Answer : 1. "17 % "

Q:

The cost price of an article is ₹390. If it is to be sold at a profit of 3.12 %, how much would be its approximate selling price?

1246 0

  • 1
    410 ₹
    Correct
    Wrong
  • 2
    402 ₹
    Correct
    Wrong
  • 3
    417 ₹
    Correct
    Wrong
  • 4
    420 ₹
    Correct
    Wrong
  • 5
    442 ₹
    Correct
    Wrong
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Answer : 2. "402 ₹"

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