Profit and Loss Practice Question and Answer

Q: On selling 36 oranges one incurs a loss equal to selling Price of 4 oranges. What will be the loss%? 1910 0

  • 1
    10%
    Correct
    Wrong
  • 2
    34%
    Correct
    Wrong
  • 3
    13%
    Correct
    Wrong
  • 4
    14%
    Correct
    Wrong
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Answer : 1. "10%"

Q: A person sells two objects in Rs 5000 each. He sells one for 20% profit and another for 20% loss. Find his total profit or loss percent in the whole transaction. 4708 0

  • 1
    4 % profit
    Correct
    Wrong
  • 2
    4% Loss
    Correct
    Wrong
  • 3
    20% Profit
    Correct
    Wrong
  • 4
    No Profit and Loss
    Correct
    Wrong
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Answer : 2. "4% Loss"

Q: A milkman has 20 liters of milk. If he mixes 5 liters of water, which is freely available, in 20 liters of pure milk. If the cost of pure milk is Rs. 18 per litre, then the profit of the milkman, when he sells all the mixture at  cost price, is: 4503 6

  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    33.33%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "25%"
Explanation :

Answer: B) 25% Explanation: When the water is freely available and all the water is sold at the price of the milk, then the water gives the profit on the cost of 20 litres of milk.     Since,    the profit % = ProfitCostPricex100 Therefore, profit percentage = 520x100  = 25%

Q: A shopkeeper earns a profit equal to the cost price of 15 meter by selling 45 meter cloth. Find the profit percent? 1878 0

  • 1
    33%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    $$ 33 {1 \over 3} $$
    Correct
    Wrong
  • 4
    55%
    Correct
    Wrong
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Answer : 3. "$$ 33 {1 \over 3} $$"

Q: On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is ? 1611 0

  • 1
    Rs. 55
    Correct
    Wrong
  • 2
    Rs. 60
    Correct
    Wrong
  • 3
    Rs. 65
    Correct
    Wrong
  • 4
    Rs. 70
    Correct
    Wrong
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Answer : 2. "Rs. 60"
Explanation :

Answer: B) Rs. 60 Explanation: Let the cost price of a ball is Rs.xGiven, on selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 ballsThe equation is :17x - 720 = 5xSolving the equation we get x = 60Therefore, cost price of a ball is Rs. 60.

Q: A watch sold for Rs.1440 at 10 % loss, at what price it should be sold so as to earn 15% profit. 3693 0

  • 1
    1820
    Correct
    Wrong
  • 2
    1830
    Correct
    Wrong
  • 3
    1840
    Correct
    Wrong
  • 4
    1850
    Correct
    Wrong
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Answer : 3. "1840"

Q: Pratap bought a radio at a discount of 25% on the real price. He got 40 Rs more, when he sold it at 140 percent of the cost price. Find the the price at which Pratap bought the radio? 3453 0

  • 1
    800
    Correct
    Wrong
  • 2
    700
    Correct
    Wrong
  • 3
    900
    Correct
    Wrong
  • 4
    600
    Correct
    Wrong
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Answer : 4. "600"

Q: A fruit seller buys lemons two for Rs 1 and sells at 5 for Rs 3 rate. Find his profit percent. 1358 0

  • 1
    10
    Correct
    Wrong
  • 2
    15
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    25
    Correct
    Wrong
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Answer : 3. "20 "

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