Profit and Loss Questions Practice Question and Answer

Q:

If a man estimates his loss as 20% of the selling price, then his loss percent is:

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  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    40/3%
    Correct
    Wrong
  • 4
    50/3%
    Correct
    Wrong
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Answer : 4. "50/3%"

Q:

A man buys a table and a chair for 500. He sells the table at a loss of 10 % and the chair at a gain of 10 %. He still gain ₹10 on the whole. The cost price of chair in rupees is 

2195 0

  • 1
    ₹ 200
    Correct
    Wrong
  • 2
    ₹ 250
    Correct
    Wrong
  • 3
    ₹ 300
    Correct
    Wrong
  • 4
    ₹ 350
    Correct
    Wrong
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Answer : 3. "₹ 300"

Q:

The cost price of 12 pens is equal to the selling price of 8 pens. The profit percentage is:

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  • 1
    50 %
    Correct
    Wrong
  • 2
    40 %
    Correct
    Wrong
  • 3
    55 %
    Correct
    Wrong
  • 4
    45 %
    Correct
    Wrong
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Answer : 1. "50 %"

Q:

A wholesaler sold a water purifier at a loss of 40%. If the selling price has been increased by Its. 125, then wholesaler will get the profit of 10%. What was the cost price of the purifier?

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  • 1
    Rs. 250
    Correct
    Wrong
  • 2
    Rs. 225
    Correct
    Wrong
  • 3
    Rs. 275
    Correct
    Wrong
  • 4
    Rs. 300
    Correct
    Wrong
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Answer : 1. "Rs. 250 "

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 

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  • 1
    Rs. 390
    Correct
    Wrong
  • 2
    Rs. 380
    Correct
    Wrong
  • 3
    Rs. 400
    Correct
    Wrong
  • 4
    Rs. 440
    Correct
    Wrong
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Answer : 1. "Rs. 390"
Explanation :

Q:

A trader bought 120 kg of potato at 24/kg. He sold 80 kg of it at 50% profit and the balance at 25% low. Find the total profit or loss? 

2158 0

  • 1
    50% Profit
    Correct
    Wrong
  • 2
    25% Profit
    Correct
    Wrong
  • 3
    50% Loss
    Correct
    Wrong
  • 4
    25% Loss
    Correct
    Wrong
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Answer : 2. "25% Profit "

Q:

Ramesh sold a phone at a loss of 5%. Had he sold it for Rs. 200 more, he would gave gained 15%. To gain 25%, he should sell it for :

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  • 1
    Rs. 1175
    Correct
    Wrong
  • 2
    Rs. 1150
    Correct
    Wrong
  • 3
    Rs. 1225
    Correct
    Wrong
  • 4
    Rs. 1250
    Correct
    Wrong
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Answer : 4. "Rs. 1250"

Q:

A shopkeeper marked the price of an article by 40% above cost price and gave discount of Rs. 224. On the final amount, he charged 10% tax. In the whole transaction, he earned Rs. 158.6. Find cost price of the article.

2149 0

  • 1
    Rs 750
    Correct
    Wrong
  • 2
    Rs 760
    Correct
    Wrong
  • 3
    Rs 744
    Correct
    Wrong
  • 4
    Rs 757
    Correct
    Wrong
  • 5
    Rs 748
    Correct
    Wrong
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Answer : 1. "Rs 750"

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