Profit and Loss Questions Practice Question and Answer

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:

1737 0

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

Answer : 1. "Rs.3000"

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? 

1736 0

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

Answer : 4. "13 "

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?

1730 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:

If Jhanavi borrowed Rs.1,25,000 at 8% compounded, what will be the amount to be paid back at the end of 2 years? 

1722 0

  • 1
    1,43,800
    Correct
    Wrong
  • 2
    2,00,000
    Correct
    Wrong
  • 3
    1,43,000
    Correct
    Wrong
  • 4
    1,35,800
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "1,43,800 "

Q:

The cost price of an article is ₹390. If it is to be sold at a profit of 3.12 %, how much would be its approximate selling price?

1721 0

  • 1
    410 ₹
    Correct
    Wrong
  • 2
    402 ₹
    Correct
    Wrong
  • 3
    417 ₹
    Correct
    Wrong
  • 4
    420 ₹
    Correct
    Wrong
  • 5
    442 ₹
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "402 ₹"

Q:

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

1709 0

  • 1
    ₹1,080
    Correct
    Wrong
  • 2
    ₹725
    Correct
    Wrong
  • 3
    ₹590
    Correct
    Wrong
  • 4
    ₹820
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "₹725 "

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?

1708 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
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "$$ {8{1\over 3}\%}$$"

Q:

Cost of 8 pencils, 5 pens and 3 erasers is Rs.111. Cost of 9 pencils, 6 pens and 5 erasers is Rs.130. Cost of 16 pencils, 11 pens and 3 erases is Rs. 221 What is the Cost (in Rs) of 39 pencil , 26 pens and 13 erasers ?

1708 0

  • 1
    316
    Correct
    Wrong
  • 2
    624
    Correct
    Wrong
  • 3
    546
    Correct
    Wrong
  • 4
    482
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "546"

      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