Profit and Loss Practice Question and Answer

Q:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was amount of discount given?

851 0

  • 1
    Rs 319.6
    Correct
    Wrong
  • 2
    Rs 303.6
    Correct
    Wrong
  • 3
    Rs 306.3
    Correct
    Wrong
  • 4
    Rs 313.6
    Correct
    Wrong
  • 5
    Rs 316.9
    Correct
    Wrong
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Answer : 4. "Rs 313.6"

Q: A machine was sold at 10% Profit had it been sold for Rs 80 less the seller would have incurred 10% loss. What is cost price of Machine? 3204 2

  • 1
    350
    Correct
    Wrong
  • 2
    400
    Correct
    Wrong
  • 3
    450
    Correct
    Wrong
  • 4
    520
    Correct
    Wrong
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Answer : 2. "400"

Q:

Cost of 24 bats and 32 sticks is Rs 5600. What is the price of 3 bats and 4 sticks?

1977 0

  • 1
    Rs 1400
    Correct
    Wrong
  • 2
    Rs 2800
    Correct
    Wrong
  • 3
    Rs 700
    Correct
    Wrong
  • 4
    Data Inadequate
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs 700"

Q: On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is ? 1611 0

  • 1
    Rs. 55
    Correct
    Wrong
  • 2
    Rs. 60
    Correct
    Wrong
  • 3
    Rs. 65
    Correct
    Wrong
  • 4
    Rs. 70
    Correct
    Wrong
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Answer : 2. "Rs. 60"
Explanation :

Answer: B) Rs. 60 Explanation: Let the cost price of a ball is Rs.xGiven, on selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 ballsThe equation is :17x - 720 = 5xSolving the equation we get x = 60Therefore, cost price of a ball is Rs. 60.

Q: A watch sold for Rs.1440 at 10 % loss, at what price it should be sold so as to earn 15% profit. 3693 0

  • 1
    1820
    Correct
    Wrong
  • 2
    1830
    Correct
    Wrong
  • 3
    1840
    Correct
    Wrong
  • 4
    1850
    Correct
    Wrong
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Answer : 3. "1840"

Q: Pratap bought a radio at a discount of 25% on the real price. He got 40 Rs more, when he sold it at 140 percent of the cost price. Find the the price at which Pratap bought the radio? 3453 0

  • 1
    800
    Correct
    Wrong
  • 2
    700
    Correct
    Wrong
  • 3
    900
    Correct
    Wrong
  • 4
    600
    Correct
    Wrong
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Answer : 4. "600"

Q: A fruit seller buys lemons two for Rs 1 and sells at 5 for Rs 3 rate. Find his profit percent. 1360 0

  • 1
    10
    Correct
    Wrong
  • 2
    15
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    25
    Correct
    Wrong
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Answer : 3. "20 "

Q:

A man buys 12 articles for Rs. 12 /- and sells them at the rate of Rs.1.25 per article. His gain percentage is: 

1161 0

  • 1
    20
    Correct
    Wrong
  • 2
    25
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    18
    Correct
    Wrong
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Answer : 2. "25 "

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