Profit and Loss Practice Question and Answer

Q:

A merchant marked the price of an article by incresing its pro- duction cost by 40% .Now he al- lows 20% discount and gets a profit of Rs. 48 after selling it. The production cost is 

316 0

  • 1
    Rs. 320
    Correct
    Wrong
  • 2
    Rs. 360
    Correct
    Wrong
  • 3
    Rs. 400
    Correct
    Wrong
  • 4
    Rs 440
    Correct
    Wrong
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Answer : 3. "Rs. 400 "

Q:

The marked price of an article is 30% higher than the cost price. If a trader sells the articles allowing 10% discount to customer, then the gain per- cent will be

369 0

  • 1
    17 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    19 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 1. "17 %"

Q:

A dealer marks a washing machine for ₹7500, and allows a discount of 6% on it. Find the selling price 

390 0

  • 1
    ₹ 6850
    Correct
    Wrong
  • 2
    ₹ 7050
    Correct
    Wrong
  • 3
    ₹ 7250
    Correct
    Wrong
  • 4
    ₹ 6950
    Correct
    Wrong
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Answer : 2. "₹ 7050 "

Q:

If the cost price of 25 perts is equal to the selling price of 20 pens, then profit percent is

418 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
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Answer : 2. "25% "

Q:

While selling a watch, a shop- keeper gives a discount of 5%. If he gives a discount of 7%, he earns ₹15 less as profit. The marked price of the watch is 

353 0

  • 1
    ₹ 697.5
    Correct
    Wrong
  • 2
    ₹ 712.5
    Correct
    Wrong
  • 3
    ₹ 750
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "₹ 750 "

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:

The price of jewelry , passing through three hands. rises on the whole by 65 %. If the first and the second sellers earned 20 % and 25 % profit respectively, the profit earned by the third seller is 

880 0

  • 1
    10%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 1. "10% "

Q:

A person bought some articles at the rate of 5 per rupee and the same number at the rate of 4 per rupee. He mixed both the types and sold at the rate of 9 for 2 rupees. In this business he suffered a loss of Rs. 3. The total number of articles bought by him was 

1125 0

  • 1
    540
    Correct
    Wrong
  • 2
    545
    Correct
    Wrong
  • 3
    1090
    Correct
    Wrong
  • 4
    1080
    Correct
    Wrong
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Answer : 4. "1080 "

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