Profit and Loss Practice Question and Answer
8 Q: There is a profit of 10% when an item is sold at 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?
563 0643d1d391ce944a93ea9385b
643d1d391ce944a93ea9385b- 128%false
- 232%true
- 326%false
- 430%false
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Answer : 2. "32%"
Q: A dealer marks a washing machine for ₹7500, and allows a discount of 6% on it. Find the selling price
548 06400bb97cbcfaac0530003a6
6400bb97cbcfaac0530003a6- 1₹ 6850false
- 2₹ 7050true
- 3₹ 7250false
- 4₹ 6950false
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Answer : 2. "₹ 7050 "
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?
542 06479be5df4063d472f1a86a9
6479be5df4063d472f1a86a9- 15,100false
- 25,000true
- 34,500false
- 44,800false
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Answer : 2. "5,000"
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?
530 064c76623a919c8488e1e2375
64c76623a919c8488e1e2375- 1Loss 2.8%false
- 2Profit 2.8%false
- 3Profit 3.6%true
- 4Loss 3.6%false
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Answer : 3. "Profit 3.6%"
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?
518 06426e0ed9d18d2e8ae1e037c
6426e0ed9d18d2e8ae1e037c- 14%true
- 23.5%false
- 32.5%false
- 42%false
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Answer : 1. "4%"
Q: On selling an article for ₹123.40, the gain is 20% more than the amount of loss incurred on selling it for ₹108. If the article is sold for ₹120.75, then what is the gain/loss per cent?
499 064b90c21568e7ff594bdd73e
64b90c21568e7ff594bdd73e- 1Loss 2.5%false
- 2Loss 5%false
- 3Gain 2.5%false
- 4Gain 5%true
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Answer : 4. "Gain 5%"
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
496 162ff7aa5047feb0792711992
62ff7aa5047feb0792711992- 1Rs. 877.80true
- 2Rs. 798false
- 3Rs. 924false
- 4Rs. 37.80false
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Answer : 1. "Rs. 877.80"
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?
490 063bd5c7974eba5069d4a7569
63bd5c7974eba5069d4a7569- 11% losstrue
- 22% profitfalse
- 31% profitfalse
- 42% lossfalse
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