Profit and Loss Questions Practice Question and Answer

Q:

Profit obtained on selling an article for Rs 540 is equal to the loss incurred on selling the article for Rs 370. if selling price is Rs. 910, Then what is the profit percentage? 

1820 0

  • 1
    50
    Correct
    Wrong
  • 2
    100
    Correct
    Wrong
  • 3
    $$16{2\over 3}$$
    Correct
    Wrong
  • 4
    $$33{1\over 3}$$
    Correct
    Wrong
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Answer : 2. "100"

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 

1818 0

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

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Answer : 1. "6,285.7 "

Q:

Cost of 36 pens and 42 Pencils is Rs 460. What is the cost of 18 pens and 21 pencils?

1814 0

  • 1
    230
    Correct
    Wrong
  • 2
    203
    Correct
    Wrong
  • 3
    302
    Correct
    Wrong
  • 4
    320
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "230"
Explanation :

(36 Pens + 42 Pencils)=460
2(18Pens + 21 Pencils) = 460
18 Pens +21 Pencils =230 Ans.

Q:

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

1809 0

  • 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 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?

1794 0

  • 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:

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 :

1788 0

  • 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:

Purchased a table for 13500 and sold it 11000. What is his loss percentage?

1786 0

  • 1
    19.81%
    Correct
    Wrong
  • 2
    20.62%
    Correct
    Wrong
  • 3
    21.78%
    Correct
    Wrong
  • 4
    18.52%
    Correct
    Wrong
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Answer : 4. "18.52%"

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