Profit and Loss Questions Practice Question and Answer

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 ?

2161 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 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? 

2150 0

  • 1
    320 kg
    Correct
    Wrong
  • 2
    1280 kg
    Correct
    Wrong
  • 3
    960 kg
    Correct
    Wrong
  • 4
    640 kg
    Correct
    Wrong
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Answer : 4. "640 kg "

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 

2150 0

  • 1
    12
    Correct
    Wrong
  • 2
    15
    Correct
    Wrong
  • 3
    22
    Correct
    Wrong
  • 4
    32
    Correct
    Wrong
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Answer : 1. "12"

Q:

A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225/- for it, the cost price of the bicycle for A is: 

2142 0

  • 1
    Rs. 110 / -
    Correct
    Wrong
  • 2
    Rs. 125 /-
    Correct
    Wrong
  • 3
    Rs. 120 / -
    Correct
    Wrong
  • 4
    Rs. 150 /-
    Correct
    Wrong
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Answer : 4. "Rs. 150 /-"

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.

2141 0

  • 1
    10%
    Correct
    Wrong
  • 2
    11%
    Correct
    Wrong
  • 3
    21%
    Correct
    Wrong
  • 4
    100%
    Correct
    Wrong
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Answer : 3. "21% "

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.

2138 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:

If a shopkeeper bought 70 kg of potatoes for Rs 420 and sold the entire purchase at the rate of 6.50 per kg, what was his profit percentage?

2130 0

  • 1
    $$ {8{1\over 3}\%}$$
    Correct
    Wrong
  • 2
    $$ {5{1\over 3}\%}$$
    Correct
    Wrong
  • 3
    $$ {8{2\over 3}\%}$$
    Correct
    Wrong
  • 4
    $$ {4{1\over 3}\%}$$
    Correct
    Wrong
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Answer : 1. "$$ {8{1\over 3}\%}$$"

Q:

If the cost of production of an article is 2/5 of its marked retail price, If it is sold at 10 % discount then what will be profit ? 

2122 0

  • 1
    25%
    Correct
    Wrong
  • 2
    40%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    125%
    Correct
    Wrong
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Answer : 4. "125% "

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