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? 

1990 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:

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 :

1984 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:

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? 

1979 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:

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 

1966 0

  • 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 man purchased a bed sheet for Rs. 450 and sold it at again of 10 % calculated on the selling price. The selling price of the bedsheets was 

1952 0

  • 1
    Rs. 460
    Correct
    Wrong
  • 2
    Rs . 475
    Correct
    Wrong
  • 3
    Rs . 480
    Correct
    Wrong
  • 4
    Rs . 500
    Correct
    Wrong
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Answer : 4. "Rs . 500 "

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.

1942 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"

Q:

Ranjan made a profit of 25% when selling a TV set at Rs. 3000. If he now has to pay Rs. 500 more for the set, what should be his new selling price in order to make the same percentage of profit?

1940 0

  • 1
    ₹ 3650
    Correct
    Wrong
  • 2
    ₹ 4000
    Correct
    Wrong
  • 3
    ₹ 3600
    Correct
    Wrong
  • 4
    ₹ 3625
    Correct
    Wrong
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Answer : 4. "₹ 3625 "

Q:

If shopkeeper sold the mobile for Rs.15000 and then he gets some loss. If he sold the same mobile at Rs.19200 and then he gets profit is double of loss. Find the cost price of the mobile?

1922 0

  • 1
    Rs.16000
    Correct
    Wrong
  • 2
    Rs.18000
    Correct
    Wrong
  • 3
    Rs.17500
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these "

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