Profit and Loss Practice Question and Answer
8 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?
1825 062f38b523342ab118439cab1
62f38b523342ab118439cab1- 1Rs. 4900false
- 2Rs. 4200false
- 3Rs. 3500false
- 4Rs. 3000true
- 5None of thesefalse
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Answer : 4. "Rs. 3000"
Q: A cloth merchant sold half of his cloth at 20 % profit, half of the remaining cloth at 20 % loss and the rest was sold at its cost price. In the total transaction, his gain or loss will be
1824 05d8c92eb83050426e7abfd4d
5d8c92eb83050426e7abfd4d- 15% profittrue
- 2Neither loss nor gainfalse
- 35% lossfalse
- 410%false
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Answer : 1. "5% profit "
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)?
1809 15efd52587228dd6b06e2cb07
5efd52587228dd6b06e2cb07- 1300false
- 2240true
- 3360false
- 4250false
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Answer : 2. "240 "
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?
1808 05dc296a1ee5d9e2ea2b548c7
5dc296a1ee5d9e2ea2b548c7- 149.5true
- 248false
- 346false
- 447false
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Answer : 1. " 49.5 "
Q: If 5500 copies are published and the transportation cost on them amounts to Rs. 82,500, then what should be the selling price of the book so that the publisher can earn a profit of 25%?
1768 05d70c73bd8eebc768d114030
5d70c73bd8eebc768d114030- 1Rs. 187.50true
- 2Rs. 191.50false
- 3Rs. 175false
- 4Rs. 180false
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Answer : 1. "Rs. 187.50"
Explanation :
For the publisher to earn a profit of 25% S.P = 125% of C.P.
Also Transportation Cost = 10% of C.P.
Let the S.P of 5500 books be Rs. x.
Then, 10 : 125 = 82500 : x ⇒ x = Rs. = Rs. 1031250.
⸫ S.P. of one book = Rs. = Rs. 187.50.
Q: A shopkeeper marked an article 75% above the cost price and sold it after a discount of 50%. Find the cost price of the article if he had a loss of Rs. 156.
1715 05df9b8349e7c624c9bfe9274
5df9b8349e7c624c9bfe9274- 1Rs. 1200false
- 2Rs. 1240false
- 3Rs. 1250false
- 4Rs. 1248true
- 5Rs. 1270false
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Answer : 4. "Rs. 1248"
Q: A dishonest dealer marks up the price of an article by 15% and gave a discount of 20%. He also uses 900gm instead of 1000gm. Find his profit percent.
1712 05df9b9517c41ef1d193379e4
5df9b9517c41ef1d193379e4- 1$$ { 23\over8}$$false
- 2$$ { 20\over9}$$true
- 310false
- 4$$ { 15\over7}$$false
- 520false
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Answer : 2. "$$ { 20\over9}$$"
Q: The price of 6 pencils is Rs. 30 and that of 12 pens is Rs. 120. What is the average price of 50 pencils and 50 pens?
1708 05e3255a67a622870856622dc
5e3255a67a622870856622dc- 16.75false
- 27.5true
- 35false
- 45.75false
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