Profit and Loss Practice Question and Answer

Q:

Mohan, a shopkeeper, bought a shirt of list price ₹225 at a discount of 20%. If he wants a profit of 30% then he should sell the shirt for:

4712 0

  • 1
    ₹230
    Correct
    Wrong
  • 2
    ₹234
    Correct
    Wrong
  • 3
    ₹256
    Correct
    Wrong
  • 4
    ₹286
    Correct
    Wrong
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Answer : 2. "₹234"
Explanation :

Mohan CP =225*20/100=45
so that CP =225-45=180
Selling price when he wants 30% profit=180*130/100=234

Q:

Cost of 36 pens and 42 Pencils is Rs 460. What is the cost of 18 pens and 21 pencils?

1408 0

  • 1
    230
    Correct
    Wrong
  • 2
    203
    Correct
    Wrong
  • 3
    302
    Correct
    Wrong
  • 4
    320
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "230"
Explanation :

(36 Pens + 42 Pencils)=460
2(18Pens + 21 Pencils) = 460
18 Pens +21 Pencils =230 Ans.

Q:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was amount of discount given?

851 0

  • 1
    Rs 319.6
    Correct
    Wrong
  • 2
    Rs 303.6
    Correct
    Wrong
  • 3
    Rs 306.3
    Correct
    Wrong
  • 4
    Rs 313.6
    Correct
    Wrong
  • 5
    Rs 316.9
    Correct
    Wrong
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Answer : 4. "Rs 313.6"

Q:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was the percent profit on the transaction?

839 0

  • 1
    6.8%
    Correct
    Wrong
  • 2
    6.3%
    Correct
    Wrong
  • 3
    6.4 %
    Correct
    Wrong
  • 4
    6.6 %
    Correct
    Wrong
  • 5
    6.2%
    Correct
    Wrong
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Answer : 3. "6.4 %"

Q:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was the marked price of the article?

950 0

  • 1
    Rs 6207
    Correct
    Wrong
  • 2
    Rs 6242
    Correct
    Wrong
  • 3
    Rs 6292
    Correct
    Wrong
  • 4
    Rs 6192
    Correct
    Wrong
  • 5
    Rs 6272
    Correct
    Wrong
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Answer : 5. "Rs 6272"

Q:

A loss of 19% gets converted into a profit of 17% when the selling price is increased by Rs. 162. The cost price of the article is 

1513 0

  • 1
    Rs. 450
    Correct
    Wrong
  • 2
    Rs. 600
    Correct
    Wrong
  • 3
    Rs. 360
    Correct
    Wrong
  • 4
    Rs. 540
    Correct
    Wrong
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Answer : 1. "Rs. 450"

Q:

Profit after selling a commodity for 524 is the same as loss after selling it for Rs. 452. The cost price of the commodity is 

2125 0

  • 1
    480
    Correct
    Wrong
  • 2
    500
    Correct
    Wrong
  • 3
    488
    Correct
    Wrong
  • 4
    485
    Correct
    Wrong
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Answer : 3. "488 "

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