Profit and Loss Practice Question and Answer

Q:

The selling prices of two articles are equal. If the first article is sold at a profit of 20% and the second article is sold at a loss of 20%, what will be the overall loss percentage?

401 0

  • 1
    4%
    Correct
    Wrong
  • 2
    3.5%
    Correct
    Wrong
  • 3
    2.5%
    Correct
    Wrong
  • 4
    2%
    Correct
    Wrong
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Answer : 1. "4%"

Q:

A dealer marks a washing machine for ₹7500, and allows a discount of 6% on it. Find the selling price 

392 0

  • 1
    ₹ 6850
    Correct
    Wrong
  • 2
    ₹ 7050
    Correct
    Wrong
  • 3
    ₹ 7250
    Correct
    Wrong
  • 4
    ₹ 6950
    Correct
    Wrong
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Answer : 2. "₹ 7050 "

Q:

The cost price of 27 articles is the same as the selling price of 18 articles. What is the gain percentage?

386 0

  • 1
    50%
    Correct
    Wrong
  • 2
    60%
    Correct
    Wrong
  • 3
    90%
    Correct
    Wrong
  • 4
    80 %
    Correct
    Wrong
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Answer : 1. "50% "

Q:

A sold a watch to B at a profit of 20%. B sold it to C at 30% profit. C sold it to D at 10% loss. If B's profit is ₹80 more than that of A, then D bought it for:

383 0

  • 1
    ₹700
    Correct
    Wrong
  • 2
    ₹680
    Correct
    Wrong
  • 3
    ₹652
    Correct
    Wrong
  • 4
    ₹702
    Correct
    Wrong
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Answer : 4. "₹702"

Q:

A wateh dealer pays 10% customs duty on a watch which costs Rs. 500 abroad. He de- sires to make a profit of 20% after giving a discount of 25% to the buyer. The marked price should be

372 0

  • 1
    Rs. 950
    Correct
    Wrong
  • 2
    Rs. 800
    Correct
    Wrong
  • 3
    Rs. 880
    Correct
    Wrong
  • 4
    Rs. 660
    Correct
    Wrong
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Answer : 3. "Rs. 880 "

Q:

Answer the following questions

Lokesh sold two items at same price. One of them was sold at a profit of 10% and the other at the loss of 10%. What is the net result of entire transaction?

370 0

  • 1
    1% loss
    Correct
    Wrong
  • 2
    2% profit
    Correct
    Wrong
  • 3
    1% profit
    Correct
    Wrong
  • 4
    2% loss
    Correct
    Wrong
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Answer : 1. "1% loss "

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

370 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:

While selling a watch, a shop- keeper gives a discount of 5%. If he gives a discount of 7%, he earns ₹15 less as profit. The marked price of the watch is 

359 0

  • 1
    ₹ 697.5
    Correct
    Wrong
  • 2
    ₹ 712.5
    Correct
    Wrong
  • 3
    ₹ 750
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "₹ 750 "

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