Profit and Loss Practice Question and Answer

Q:

If a chair sold for Rs. 600 at the profit of 20%, then the original price of the chair is:

2158 0

  • 1
    Rs. 540
    Correct
    Wrong
  • 2
    Rs. 500
    Correct
    Wrong
  • 3
    Rs. 480
    Correct
    Wrong
  • 4
    Rs. 580
    Correct
    Wrong
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Answer : 2. "Rs. 500"

Q:

A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225/- for it, the cost price of the bicycle for A is: 

1141 0

  • 1
    Rs. 110 / -
    Correct
    Wrong
  • 2
    Rs. 125 /-
    Correct
    Wrong
  • 3
    Rs. 120 / -
    Correct
    Wrong
  • 4
    Rs. 150 /-
    Correct
    Wrong
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Answer : 4. "Rs. 150 /-"

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 "

Q:

A tradesman marks his goods at 20 % above the cost price. He allows his customers a discount of 8% on marked price. Find out his profit percent.

1298 0

  • 1
    12 %
    Correct
    Wrong
  • 2
    10.4 %
    Correct
    Wrong
  • 3
    16 %
    Correct
    Wrong
  • 4
    20 %
    Correct
    Wrong
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Answer : 2. "10.4 %"

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