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:

2111 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:

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:

2108 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:

Ranveer bought a computer paying 25% less than the list price and sold it to his neighbour at a 40% profit on his purchase cost. The profit percentage earned by Ranveer on the list price of the computer is:

2100 0

  • 1
    10%
    Correct
    Wrong
  • 2
    7.5%
    Correct
    Wrong
  • 3
    6.67%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
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Answer : 4. "5%"

Q:

If a man were to sell his chair for Rs. 720, he would loss 25 %. To gain 25% he should sell it for__

2098 0

  • 1
    Rs. 1,200
    Correct
    Wrong
  • 2
    Rs. 1,000
    Correct
    Wrong
  • 3
    Rs. 960
    Correct
    Wrong
  • 4
    Rs. 900
    Correct
    Wrong
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Answer : 1. "Rs. 1,200"

Q:

If the selling price of a product is multiplied by 2, the resulting profit is 6 times the original profit. What is the original profit percentage?

2087 0

  • 1
    25
    Correct
    Wrong
  • 2
    10
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    15
    Correct
    Wrong
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Answer : 1. "25"

Q:

A man has 60 pens. He sells some of these at a profit of 12 % and the rest at 8 % loss. On the whole, he gets a profit 11 %. How many pens were sold at 12 % profit.

2078 1

  • 1
    47
    Correct
    Wrong
  • 2
    52
    Correct
    Wrong
  • 3
    55
    Correct
    Wrong
  • 4
    57
    Correct
    Wrong
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Answer : 4. "57"

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 ?

2076 0

  • 1
    316
    Correct
    Wrong
  • 2
    624
    Correct
    Wrong
  • 3
    546
    Correct
    Wrong
  • 4
    482
    Correct
    Wrong
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Answer : 3. "546"

Q:

A dealer buys a table listed at Rs 1,500 and gets successive discounts of 20% and 10%. He spends Rs. 20 on transportation and sells it at a profit of 20%. The selling price of the table is

2075 0

  • 1
    Rs.1320
    Correct
    Wrong
  • 2
    Rs.1350
    Correct
    Wrong
  • 3
    Rs.1360
    Correct
    Wrong
  • 4
    Rs.1380
    Correct
    Wrong
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Answer : 1. "Rs.1320 "
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