Profit and Loss Questions Practice Question and Answer
8 Q: By selling 66 metres cloth, a man loses S.P. of 11 metres. What is the loss percent?
2028 060b60cc93065e2501934e6da
60b60cc93065e2501934e6da- 1$$ {14{2\over 7}}{\%}$$true
- 2$$ {28{2\over 7}}{\%}$$false
- 3$$ {19{2\over 7}}{\%}$$false
- 4$$ {17{2\over 7}}{\%}$$false
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Answer : 1. "$$ {14{2\over 7}}{\%}$$"
Q: By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%?
1996 05dcb847345ad6b59c82cf7a7
5dcb847345ad6b59c82cf7a7- 1Rs . 910false
- 2Rs . 1200false
- 3Rs . 1232false
- 4Rs . 1300true
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Answer : 4. "Rs . 1300 "
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?
1995 05df222db0183ea49d62dc550
5df222db0183ea49d62dc550- 1410 ₹false
- 2402 ₹true
- 3417 ₹false
- 4420 ₹false
- 5442 ₹false
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Answer : 2. "402 ₹"
Q: A scooter was purchased for Rs 30,000 and Rs 3,000 was spent to repair it. It was sold for Rs 39,600. What was the profit percentage?
1991 05f6d86d1f9079a64e3bed9f3
5f6d86d1f9079a64e3bed9f3- 115false
- 220true
- 325false
- 410false
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Answer : 2. "20"
Q: A trader sells two items at the rate of Rs 400 each. If he gains 15% on one and losses 15% on other, then what is the value (in Rs) of loss?
1987 05f30d194bcbb69394d1c8eb3
5f30d194bcbb69394d1c8eb3- 124.36false
- 222.14false
- 320.25false
- 418.41true
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Answer : 4. "18.41"
Q: A person bought pens at 25 for a rupee and sold at 15 for a rupee. What is his profit percentage?
1985 05f2e52432b354b255006cbff
5f2e52432b354b255006cbff- 1$$66{2\over 3}$$true
- 240false
- 3$$16{2\over 3}$$false
- 4$$33{1\over 3}$$false
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Answer : 1. "$$66{2\over 3}$$"
Q: A store sells a watch for a profit of 25% of the cost. Then the percentage of profit against selling price is-
1981 061161e5f56340c20700ab605
61161e5f56340c20700ab605- 122%false
- 220%true
- 318%false
- 415%false
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Answer : 2. "20%"
Explanation :

Q: Arun bought an old computer and spent ₹110 on its repairs. He then sold it to Bhola at a profit of 20%. Bhola sold it to Chandan at a loss of 10%. Chandan finally sold it for ₹1,188 at a profit of 10%. How much did Arun buy the computer for?
1980 06413144d67ad957a977a8e65
6413144d67ad957a977a8e65- 1₹890true
- 2₹640false
- 3₹750false
- 4₹1,050false
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