Profit and Loss Practice Question and Answer

Q:

A dishonest dealer professes to sell his goods at cost price but uses a false weight and thus gains 15%. For a kilogram, he uses a weight of _________ (rounded off to one digit after decimal).

616 0

  • 1
    833.3 gm
    Correct
    Wrong
  • 2
    876.7 gm
    Correct
    Wrong
  • 3
    869.6 gm
    Correct
    Wrong
  • 4
    898.33 gm
    Correct
    Wrong
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Answer : 3. "869.6 gm"

Q:

A shopkeeper wants to make a profit of 20% on an article after selling it, while he gives a cash discount of 20%. Further allows 4 more articles for free after purchase of one dozen articles to his premium customer. How much per cent above the cost price he must mark his article?

611 0

  • 1
    85%
    Correct
    Wrong
  • 2
    90%
    Correct
    Wrong
  • 3
    110%
    Correct
    Wrong
  • 4
    80%
    Correct
    Wrong
  • 5
    100%
    Correct
    Wrong
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Answer : 5. "100%"

Q:

A trader sells an article at 16% below its cost price. Had he sold it for ₹192.20 more, he would have gained 15%. The cost price (in ₹) of the article is:

607 0

  • 1
    620
    Correct
    Wrong
  • 2
    680
    Correct
    Wrong
  • 3
    720
    Correct
    Wrong
  • 4
    640
    Correct
    Wrong
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Answer : 1. "620 "

Q:

A fan is listed at ₹ 150 and a discount of 20% is given. Then the selling price is

604 0

  • 1
    ₹ 120
    Correct
    Wrong
  • 2
    ₹ 110
    Correct
    Wrong
  • 3
    ₹ 180
    Correct
    Wrong
  • 4
    ₹ 150
    Correct
    Wrong
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Answer : 1. "₹ 120 "
Explanation :

Q:

Shashi sells two articles for ₹5,000 each with no loss and no profit in the overall transaction. If one article is sold at loss, then the other is sold at a profit of:

602 0

  • 1
    25%
    Correct
    Wrong
  • 2
    24%
    Correct
    Wrong
  • 3
    16%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 1. "25%"

Q:

The profit earned by selling an article for ₹832 is equal to the loss incurred when the article is sold for ₹448. What will be the selling price of the article if it is sold at a ₹10%, loss?

598 0

  • 1
    ₹576
    Correct
    Wrong
  • 2
    ₹540
    Correct
    Wrong
  • 3
    ₹625
    Correct
    Wrong
  • 4
    ₹640
    Correct
    Wrong
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Answer : 1. "₹576 "

Q:

The marked price of an article is 30% higher than the cost price. If a trader sells the articles allowing 10% discount to customer, then the gain per- cent will be

596 0

  • 1
    17 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    19 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 1. "17 %"

Q:

A shopkeeper charges his customers 15% above the cost price, if a customer has bought a sofa-set for 9039, then for how much did the shopkeeper buy it?

591 0

  • 1
    Rs. 7880
    Correct
    Wrong
  • 2
    7660
    Correct
    Wrong
  • 3
    7860
    Correct
    Wrong
  • 4
    7680
    Correct
    Wrong
  • Show Answer
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Answer : 3. "7860 "

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