Profit and Loss Practice Question and Answer

Q:

A dealer sold an article at a loss of 2%. Had he sold it for ₹44 more, he would have gained 20%. Find the cost price of the article.

456 0

  • 1
    ₹250
    Correct
    Wrong
  • 2
    ₹300
    Correct
    Wrong
  • 3
    ₹400
    Correct
    Wrong
  • 4
    ₹200
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹200"

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?

446 0

  • 1
    ₹576
    Correct
    Wrong
  • 2
    ₹540
    Correct
    Wrong
  • 3
    ₹625
    Correct
    Wrong
  • 4
    ₹640
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "₹576 "

Q:

A sold a mobile phone to B at a gain of 25% and B sold it to C at a loss of 10%. If C paid ₹5,625 for it, how much did A pay (in ₹) for the phone?

441 0

  • 1
    5,100
    Correct
    Wrong
  • 2
    5,000
    Correct
    Wrong
  • 3
    4,500
    Correct
    Wrong
  • 4
    4,800
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "5,000"

Q:

There is a profit of 10% when an item is sold at $${{5\over6}}$$ of its actual selling price. What will be the profit percentage on the cost price when the item is sold at its actual selling price?

438 0

  • 1
    28%
    Correct
    Wrong
  • 2
    32%
    Correct
    Wrong
  • 3
    26%
    Correct
    Wrong
  • 4
    30%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "32%"

Q:

An umbrella is marked for ₹150 and sold for ₹138. The rate of discount is:

427 0

  • 1
    5%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    9%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "8%"

Q:

If the cost price of 25 perts is equal to the selling price of 20 pens, then profit percent is

420 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "25% "

Q:

The item costing Rs. 840 was sold by A shopkeeper at a gain of 10% and it was again sold by the new buyer at the loss of 5%. find the selling price of the item is

410 1

  • 1
    Rs. 877.80
    Correct
    Wrong
  • 2
    Rs. 798
    Correct
    Wrong
  • 3
    Rs. 924
    Correct
    Wrong
  • 4
    Rs. 37.80
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 877.80"

Q:

A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price giving 10% discount and the rest by giving 50% discount on the marked price. What is his overall profit/loss per cent?

403 0

  • 1
    Loss 2.8%
    Correct
    Wrong
  • 2
    Profit 2.8%
    Correct
    Wrong
  • 3
    Profit 3.6%
    Correct
    Wrong
  • 4
    Loss 3.6%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Profit 3.6%"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully