Profit and Loss Questions Practice Question and Answer

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 

1560 0

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

Answer : 1. "Rs. 390"
Explanation :

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.

1537 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
  • Show Answer
  • Workspace

Answer : 1. "Rs 750"

Q:

Due to increase in the value of eggs by 20 percent, two eggs started getting less at Rs. 24. The current price per dozen of eggs.

1531 0

  • 1
    Rs.25
    Correct
    Wrong
  • 2
    Rs.26.20
    Correct
    Wrong
  • 3
    Rs.27.80
    Correct
    Wrong
  • 4
    Rs.28.80
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "Rs.28.80"

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?

1521 0

  • 1
    66.67%
    Correct
    Wrong
  • 2
    38.33%
    Correct
    Wrong
  • 3
    41.33%
    Correct
    Wrong
  • 4
    51.33%
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "66.67%"

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?

1516 0

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

Answer : 4. "None of these "

Q:

A trade buys 800 kgs of tomatoes for Rs 7200.  10% tomatoes are damaged in transportation. At what rate (Rs / kg) should he sell the rest earn 30 % profit? 

1510 0

  • 1
    10
    Correct
    Wrong
  • 2
    12
    Correct
    Wrong
  • 3
    9
    Correct
    Wrong
  • 4
    13
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "13 "

Q:

The profit percentage of P and Q is same on selling the articles at Rs. 1800 each but A calculates his profit on the selling price while Q calculates it correctly on the cost price which is equal to 20%. What is the difference in their profits?

1503 0

  • 1
    40
    Correct
    Wrong
  • 2
    50
    Correct
    Wrong
  • 3
    60
    Correct
    Wrong
  • 4
    70
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "60"

Q:

An article was sold for Rs.4000. Had a discount of 10% was being offered, the profit would have been 20%. The cost price of the article was:

1482 0

  • 1
    Rs.3000
    Correct
    Wrong
  • 2
    Rs.3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3310
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "Rs.3000"

  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