Profit and Loss Practice Question and Answer

Q:

By selling an article at 2/3 of the Marked price, there is a loss of 10%. The profit percent when the article is sold at the Marked prices

577 0

  • 1
    20%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    40%
    Correct
    Wrong
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Answer : 3. "35%"

Q:

A shopkeeper bought 80 pens in Rs. 400. He sold 40 pens at 60% profit and sold the remaining pens at 20% profit. If he had sold all the pens at a 15% profit, how much less profit would he have made?

575 0

  • 1
    Rs. 65
    Correct
    Wrong
  • 2
    Rs. 80
    Correct
    Wrong
  • 3
    Rs. 100
    Correct
    Wrong
  • 4
    Rs. 120
    Correct
    Wrong
  • 5
    Rs. 150
    Correct
    Wrong
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Answer : 3. "Rs. 100"

Q:

If the loss is 20%, by what fraction should the selling price be multiplied to get the cost price?

574 0

  • 1
    4/5
    Correct
    Wrong
  • 2
    8/5
    Correct
    Wrong
  • 3
    5/4
    Correct
    Wrong
  • 4
    6/5
    Correct
    Wrong
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Answer : 3. "5/4"

Q:

If books bought at prices from ₹150 to ₹ 300 are sold at prices ranging from ₹ 250 to  ₹350, what is the greatest possible profit that might be made in selling 15 books ?

573 0

  • 1
    ₹ 750
    Correct
    Wrong
  • 2
    ₹ 4,250
    Correct
    Wrong
  • 3
    ₹ 3,000
    Correct
    Wrong
  • 4
    Cannot be determined
    Correct
    Wrong
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Answer : 3. "₹ 3,000"
Explanation :

Q:

A woman buys a watch for Rs. 4,000 and sells it at a loss of 13%. What is the selling price of the watch?

572 0

  • 1
    Rs.3,480
    Correct
    Wrong
  • 2
    Rs.3,500
    Correct
    Wrong
  • 3
    Rs.3,840
    Correct
    Wrong
  • 4
    Rs.3,620
    Correct
    Wrong
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Answer : 1. "Rs.3,480"

Q:

By selling a car for ₹ 64,000, Mr. Rao lost 20%. Then the cost price of the car is :

568 0

  • 1
    ₹ 80,000
    Correct
    Wrong
  • 2
    ₹ 84,000
    Correct
    Wrong
  • 3
    ₹ 72,000
    Correct
    Wrong
  • 4
    ₹ 76,800
    Correct
    Wrong
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Answer : 1. "₹ 80,000 "
Explanation :

Q:

Which one of the following costs more?

I. 200 packets of ₹ 250 each

II . 20 dozens of ₹ 250 each

564 0

  • 1
    I
    Correct
    Wrong
  • 2
    II
    Correct
    Wrong
  • 3
    Both I and II are equal
    Correct
    Wrong
  • 4
    Cannot be calculated
    Correct
    Wrong
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Answer : 2. "II"

Q:

A man bought three articles, each of which cost Rs 3000. He sold those articles at 10% profit, 5% profit and 15% loss respectively. What is the total profit/loss percentage earned by him?

557 0

  • 1
    10% loss
    Correct
    Wrong
  • 2
    5% loss
    Correct
    Wrong
  • 3
    5% profit
    Correct
    Wrong
  • 4
    no profit no loss
    Correct
    Wrong
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Answer : 4. "no profit no loss"

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