Profit and Loss Practice Question and Answer
8 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?
396 06426e0ed9d18d2e8ae1e037c
6426e0ed9d18d2e8ae1e037c- 14%true
- 23.5%false
- 32.5%false
- 42%false
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Answer : 1. "4%"
Q: Vishal sells a bag at a profit of 40%. If Vishal's profit is ₹880, then what is the cost price of the bag?
667 06426da015bff3d098d16cf64
6426da015bff3d098d16cf64- 1₹ 2,000false
- 2₹ 2,450false
- 3₹ 1,900false
- 4₹ 2,200true
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Answer : 4. "₹ 2,200"
Q: Ranveer bought a computer paying 25% less than the list price and sold it to his neighbour at a 40% profit on his purchase cost. The profit percentage earned by Ranveer on the list price of the computer is:
1259 06422573232185cce370796a3
6422573232185cce370796a3- 110%false
- 27.5%false
- 36.67%false
- 45%true
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Answer : 4. "5%"
Q: An article is sold at a loss of 40%. The nominal amount of loss is approximately what percentage of the selling price of the article?
1316 0642253fd2b960e1a4180c9bb
642253fd2b960e1a4180c9bb- 166.67%true
- 238.33%false
- 341.33%false
- 451.33%false
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Answer : 1. "66.67%"
Q: Arun bought an old computer and spent ₹110 on its repairs. He then sold it to Bhola at a profit of 20%. Bhola sold it to Chandan at a loss of 10%. Chandan finally sold it for ₹1,188 at a profit of 10%. How much did Arun buy the computer for?
1076 06413144d67ad957a977a8e65
6413144d67ad957a977a8e65- 1₹890true
- 2₹640false
- 3₹750false
- 4₹1,050false
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Answer : 1. "₹890"
Q: A shopkeeper buys three products a, b, c and sells them at 20%, 30%, 40% profit, respectively. What is ratio of the selling price of these products, if the ratio of their cost prices is 4:3 :2?
900 064131124b34a0b67fce4d0ef
64131124b34a0b67fce4d0ef- 148 : 39 : 28true
- 234 : 54 : 12false
- 324 : 39 : 14false
- 456 : 26 : 21false
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Answer : 1. "48 : 39 : 28"
Q: 4% of the selling price of an article is equal to 5% of its cost price. Again 20% of the selling price is Rs. 120 more than 22% of its cost price. The ratio of cost price & selling price is
332 06400bd4586fd4161466ad5aa
6400bd4586fd4161466ad5aa- 12:3false
- 24:5true
- 33:2false
- 45:4false
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Answer : 2. "4:5"
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
370 06400bc9f35d86258eccfa330
6400bc9f35d86258eccfa330- 1Rs. 950false
- 2Rs. 800false
- 3Rs. 880true
- 4Rs. 660false
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