Profit and Loss Questions Practice Question and Answer
8 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?
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6413144d67ad957a977a8e65- 1₹890true
- 2₹640false
- 3₹750false
- 4₹1,050false
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Answer : 1. "₹890"
Q: By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%?
1885 05dcb847345ad6b59c82cf7a7
5dcb847345ad6b59c82cf7a7- 1Rs . 910false
- 2Rs . 1200false
- 3Rs . 1232false
- 4Rs . 1300true
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Answer : 4. "Rs . 1300 "
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?
1885 05f6d86d1f9079a64e3bed9f3
5f6d86d1f9079a64e3bed9f3- 115false
- 220true
- 325false
- 410false
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Answer : 2. "20"
Q: A store sells a watch for a profit of 25% of the cost. Then the percentage of profit against selling price is-
1881 061161e5f56340c20700ab605
61161e5f56340c20700ab605- 122%false
- 220%true
- 318%false
- 415%false
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Answer : 2. "20%"
Explanation :

Q: A shopkeeper sold his goods at half the list price and thus lost 20 %. If he had sold on the listed price, his gain percentage would be
1879 05efd3f4d7228dd6b06e2916a
5efd3f4d7228dd6b06e2916a- 120%false
- 260%true
- 335%false
- 472%false
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Answer : 2. "60% "
Q: If a manufacturer gains 10 percent, wholesaler 15 percent and retailer 25 percent, then the production cost of an article, whose retail price is Rs. 1,265, is
1875 05efc71058e73c352771d9cd7
5efc71058e73c352771d9cd7- 1Rs. 800true
- 2Rs. 900false
- 3Rs. 700false
- 4Rs. 750false
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Answer : 1. "Rs. 800 "
Q: From 2008 to 2009, the sales of a book decreased by 80%. If the sales in 2010 were the same as in 2008, by what percent did it increase from 2009 to 2010?
1860 05ff4106fd4181b48e8fa7240
5ff4106fd4181b48e8fa7240- 1120%false
- 2400%true
- 380%false
- 4100%false
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Answer : 2. "400%"
Q: If Cost Price of 20 tables is equal to the Selling Price of 25 tables. Find the loss percentage.
1859 06024f2fbcce66f776c86d5ee
6024f2fbcce66f776c86d5ee- 120%true
- 224%false
- 312%false
- 416%false
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