Profit and Loss Practice Question and Answer

Q:

A person bought 8 quintals of rice for certain rupees. After a week, he sold 3 quintals of rice at 10% profit, 3 quintals of rice with neither profit nor loss and 2 quintals at 5% loss. In this transaction what is the profit? 

2488 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    0.5
    Correct
    Wrong
  • 3
    1.5
    Correct
    Wrong
  • 4
    2.5
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "2.5"

Q:

A man spends his 2 months income in 3 months and saves Rs 1500 in a year then Find his monthly income? 

2460 0

  • 1
    450
    Correct
    Wrong
  • 2
    425
    Correct
    Wrong
  • 3
    400
    Correct
    Wrong
  • 4
    375
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "375"

Q:

Prakash, Sunil and Anil started a business jointly investing Rs. 11 lakhs, Rs. 16.5 lakhs and Rs 8.25 lakhs respectively. The profit earned by them in the business at the end of three years was Rs. 19.5 lakhs. What will be the 50% of Anil's share in the profit? 

2406 0

  • 1
    Rs. 4.5 lakhs
    Correct
    Wrong
  • 2
    Rs. 2.25 lakhs
    Correct
    Wrong
  • 3
    Rs. 2.5 lakhs
    Correct
    Wrong
  • 4
    Rs. 3.75 lakhs
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 2.25 lakhs "

Q:

A piece of land came to a person through three middlemen each gaining 20%. If the person purchased the land for Rs. 3,45,600 the original cost of the land was: 

2376 1

  • 1
    Rs.1,75,800
    Correct
    Wrong
  • 2
    Rs.2,00,000
    Correct
    Wrong
  • 3
    Rs.1,00,000
    Correct
    Wrong
  • 4
    Rs.1,50,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs.2,00,000"

Q:

By selling 15 mangoes, a fruit seller gains the selling price of 3 mangoes. His gain is

2322 0

  • 1
    25%
    Correct
    Wrong
  • 2
    16%
    Correct
    Wrong
  • 3
    24%
    Correct
    Wrong
  • 4
    27%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "25%"

Q:

A trader sold an article at profit of 20%. Had he bought that article at 60% less price and sold it at Rs 90 less, then he would have gained 50%. What is the value (in Rs) of cost price? 

2314 0

  • 1
    250
    Correct
    Wrong
  • 2
    300
    Correct
    Wrong
  • 3
    150
    Correct
    Wrong
  • 4
    200
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "150 "

Q:

On selling an article for Rs 162 there is a loss of 10%.At what price it should be sell in order to gain a profit of 10%?

2248 0

  • 1
    200
    Correct
    Wrong
  • 2
    198
    Correct
    Wrong
  • 3
    196
    Correct
    Wrong
  • 4
    194
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "196"

Q:

An article is sold at a loss of 20 %. It yields Rs. 60 more when it is sold at a gain of 20 %. The cost price of the article is 

2221 0

  • 1
    Rs. 200
    Correct
    Wrong
  • 2
    Rs. 150
    Correct
    Wrong
  • 3
    Rs. 140
    Correct
    Wrong
  • 4
    Rs. 120
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 150 "

      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