Profit and Loss Questions Practice Question and Answer

Q:

A trader had 16 quintals of wheat. He sold a part of it at 17% profit and the rest at 27% profit, so that he made a total profit of 21%. How much wheat did he sell at 27 % profit? 

1677 0

  • 1
    320 kg
    Correct
    Wrong
  • 2
    1280 kg
    Correct
    Wrong
  • 3
    960 kg
    Correct
    Wrong
  • 4
    640 kg
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "640 kg "

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?

1670 0

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

Answer : 1. "66.67%"

Q:

If a man purchase 11 articles for Rs.10 and sold all the articles at the rate of 10 for Rs.11, the profit percentage will be.

1659 0

  • 1
    10%
    Correct
    Wrong
  • 2
    11%
    Correct
    Wrong
  • 3
    21%
    Correct
    Wrong
  • 4
    100%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "21% "

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? 

1658 0

  • 1
    5
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "15 "

Q:

Krishna bought a camera and paid 20 % less than its original price. He sold it at 40 % profit on the price he had paid. The percentage of profit earned by Krishna on the original price was 

1655 0

  • 1
    12
    Correct
    Wrong
  • 2
    15
    Correct
    Wrong
  • 3
    22
    Correct
    Wrong
  • 4
    32
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "12"

Q:

The cost price of an article is Rs. 480. If it is sold at a profit of 12.5 percent, what will be the selling price of the article?

1636 0

  • 1
    Rs. 500
    Correct
    Wrong
  • 2
    Rs.560
    Correct
    Wrong
  • 3
    Rs. 540
    Correct
    Wrong
  • 4
    Rs.492.5
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 540"

Q:

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

1619 0

  • 1
    50 %
    Correct
    Wrong
  • 2
    40 %
    Correct
    Wrong
  • 3
    55 %
    Correct
    Wrong
  • 4
    45 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "50 %"

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?

1612 0

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

Answer : 3. "60"

      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