Profit and Loss Practice Question and Answer

Q:

A shopkeeper sold an item at a profit of 20 %. If he reduces the price of the item by Rs. 900, he incurs a loss of 10 %. What is the cost price of the item?

2000 0

  • 1
    Rs. 4900
    Correct
    Wrong
  • 2
    Rs. 4200
    Correct
    Wrong
  • 3
    Rs. 3500
    Correct
    Wrong
  • 4
    Rs. 3000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "Rs. 3000"

Q:

Jack sold a dress for Rs.1440 and made a profit of 20%. What was its cost? 

1992 0

  • 1
    1152
    Correct
    Wrong
  • 2
    1240
    Correct
    Wrong
  • 3
    1200
    Correct
    Wrong
  • 4
    1180
    Correct
    Wrong
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Answer : 3. "1200 "

Q:

A trader bought 10 kg of apples for Rs. 405 out of which 1 kg of apples were found to be rotten. If he wishes to make a profit of 10 % at what rate should he sell the remaining apples per kg? 

1965 0

  • 1
    49.5
    Correct
    Wrong
  • 2
    48
    Correct
    Wrong
  • 3
    46
    Correct
    Wrong
  • 4
    47
    Correct
    Wrong
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Answer : 1. " 49.5 "

Q:

Priya purchased two mixers for Rs.1500 and made a profit of 9% on one and loss of 6% on the other. But overall there is no profit or loss, then cost price of mixture are in the ratio?

1946 0

  • 1
    3 : 5
    Correct
    Wrong
  • 2
    2 : 3
    Correct
    Wrong
  • 3
    5 : 3
    Correct
    Wrong
  • 4
    3 : 2
    Correct
    Wrong
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Answer : 2. "2 : 3"

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 ? 1938 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 fan is sold for ₹1,560 at a profit of 30%. If its selling price is ₹960, then what will be the loss percentage?

1913 0

  • 1
    30%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
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Answer : 2. "20% "

Q:

Ram sells a car to Mohan at a profit of 16% and Mohan sells it to Shyam at a profit of 25%. How much profit% Ram would have got if he had sold the car directly to Shyam at the price Shyam bought it?

1897 0

  • 1
    41%
    Correct
    Wrong
  • 2
    42%
    Correct
    Wrong
  • 3
    45%
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "45%"

Q:

The cost price of an article is Rs x. It is marked up by 200%. It is sold at Rs. 540 after giving 25% discount. What is the value of x (in Rs)? 

1896 1

  • 1
    300
    Correct
    Wrong
  • 2
    240
    Correct
    Wrong
  • 3
    360
    Correct
    Wrong
  • 4
    250
    Correct
    Wrong
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Answer : 2. "240 "

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