Profit and Loss Questions Practice Question and Answer

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 

1944 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 scientist mixes 10% water in his solution but he is not content with it so he again mixes 10% more water in the previous mixture. What is the profit percentage of the scientist if he sells it at cost price:

1941 0

  • 1
    15%
    Correct
    Wrong
  • 2
    21%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    16%
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "18%"

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? 

1931 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:

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 ? 

1930 0

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

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:

1921 0

  • 1
    Rs.3000
    Correct
    Wrong
  • 2
    Rs.3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3310
    Correct
    Wrong
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Answer : 1. "Rs.3000"

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.

1909 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 man bought a chair for ₹580. At what price should he sell the chair so as to gain 25%?

1904 0

  • 1
    ₹1,080
    Correct
    Wrong
  • 2
    ₹725
    Correct
    Wrong
  • 3
    ₹590
    Correct
    Wrong
  • 4
    ₹820
    Correct
    Wrong
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Answer : 2. "₹725 "

Q:

A man buys 12 articles for Rs. 12 /- and sells them at the rate of Rs.1.25 per article. His gain percentage is: 

1903 0

  • 1
    20
    Correct
    Wrong
  • 2
    25
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    18
    Correct
    Wrong
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Answer : 2. "25 "

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