Profit and Loss Questions Practice Question and Answer

Q:

A dealer buys a table listed at Rs 1,500 and gets successive discounts of 20% and 10%. He spends Rs. 20 on transportation and sells it at a profit of 20%. The selling price of the table is

863 0

  • 1
    Rs.1320
    Correct
    Wrong
  • 2
    Rs.1350
    Correct
    Wrong
  • 3
    Rs.1360
    Correct
    Wrong
  • 4
    Rs.1380
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs.1320 "
Explanation :

Q:

A store sells a watch for a profit of 25% of the cost. Then the percentage of profit against selling price is-

660 0

  • 1
    22%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "20%"
Explanation :

Q:

If the profit on selling an article for Rs. 425 is the same as the loss on selling it for Rs. 355, then the cost price of the article is 

1102 0

  • 1
    Rs. 390
    Correct
    Wrong
  • 2
    Rs. 380
    Correct
    Wrong
  • 3
    Rs. 400
    Correct
    Wrong
  • 4
    Rs. 440
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 390"
Explanation :

Q:

By selling an article for Rs. 450, I lose 20%. For what price should I sell it to gain 20% ? 

709 0

  • 1
    Rs. 470
    Correct
    Wrong
  • 2
    Rs. 562.50
    Correct
    Wrong
  • 3
    Rs. 490
    Correct
    Wrong
  • 4
    Rs. 675
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 675 "
Explanation :

Q:

There is 10% loss if an article is sold at Rs. 270. Then the cost price of the article is

486 0

  • 1
    Rs 320
    Correct
    Wrong
  • 2
    Rs. 250
    Correct
    Wrong
  • 3
    Rs. 300
    Correct
    Wrong
  • 4
    Rs. 270
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs 320 "
Explanation :

Q:

A fruit merchant makes a profit of 25% by selling mangoes at a certain price. If he charges Re. 1 more on each mango, he would gain 50%. At first the price of one mango was

507 0

  • 1
    Rs. 4
    Correct
    Wrong
  • 2
    Rs. 6
    Correct
    Wrong
  • 3
    Rs. 5
    Correct
    Wrong
  • 4
    Rs. 7
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 5 "
Explanation :

Q:

Pooja wants to sell a watch at a profit of 20%. She bought it at 10% less and sold it at ₹ 30 less, but still she gained 20%. The cost price of watch is

419 0

  • 1
    ₹ 250
    Correct
    Wrong
  • 2
    ₹ 225
    Correct
    Wrong
  • 3
    ₹ 240
    Correct
    Wrong
  • 4
    ₹ 220
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "₹ 250 "
Explanation :

Q:

A merchant loses 10% by selling an article. If the cost price of the article is ₹ 15, then the selling price of the article is 

420 0

  • 1
    ₹ 12.30
    Correct
    Wrong
  • 2
    ₹ 13.50
    Correct
    Wrong
  • 3
    ₹ 13.20
    Correct
    Wrong
  • 4
    ₹ 16.50
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "₹ 13.50"
Explanation :

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully