Profit and Loss Questions Practice Question and Answer

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?

1987 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 "

Q:

An article is sold at a loss of 40%. The nominal amount of loss is approximately what percentage of the selling price of the article?

1976 0

  • 1
    66.67%
    Correct
    Wrong
  • 2
    38.33%
    Correct
    Wrong
  • 3
    41.33%
    Correct
    Wrong
  • 4
    51.33%
    Correct
    Wrong
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Answer : 1. "66.67%"

Q:

The cost price of two items P and Q are equal. If item P sold at 40% profit and item Q sold at 20% less than the selling price of item P, then the total profit is ?

1972 0

  • 1
    ₹ 600
    Correct
    Wrong
  • 2
    ₹ 500
    Correct
    Wrong
  • 3
    ₹ 660
    Correct
    Wrong
  • 4
    ₹ 550
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "₹ 500"

Q:

A cow was sold at 8% profit. If it were bought at 20% less and sold at 40% profit, then the owner would gain ₹ 640 more. Find the initial cost price of the cow.

1972 1

  • 1
    ₹ 15,000
    Correct
    Wrong
  • 2
    ₹ 16,000
    Correct
    Wrong
  • 3
    ₹ 20,000
    Correct
    Wrong
  • 4
    ₹ 25,000
    Correct
    Wrong
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Answer : 2. "₹ 16,000 "

Q:

A trader had 2000 kgs of rice. He sold a part of it at 10 % profit and the rest at 16 % profit so that he made a total profit of 14.2%. How much rice (in kg) did he sell at 10 % profit? 

1970 0

  • 1
    1400
    Correct
    Wrong
  • 2
    600
    Correct
    Wrong
  • 3
    800
    Correct
    Wrong
  • 4
    1000
    Correct
    Wrong
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Answer : 2. "600"

Q:

The reduction of Rs . 12 in the selling price of an article will changes 5 % gain into  $$ 2{1\over 2}\% $$ loss . The cost price of the article is 

1961 0

  • 1
    Rs. 140
    Correct
    Wrong
  • 2
    Rs. 160
    Correct
    Wrong
  • 3
    Rs. 80
    Correct
    Wrong
  • 4
    Rs. 100
    Correct
    Wrong
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Answer : 2. "Rs. 160"

Q:

If a vendor sells apples at Rs 170 per kg he suffers 15 % loss. If he sells at Rs 230 per kg, then what is his profit percentage? 

1951 0

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

Q:

If the selling price of a product is multiplied by 2, the resulting profit is 6 times the original profit. What is the original profit percentage?

1944 0

  • 1
    25
    Correct
    Wrong
  • 2
    10
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    15
    Correct
    Wrong
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Answer : 1. "25"

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