Profit and Loss Questions Practice Question and Answer

Q:

Selling price of an article is $${7\over6}$$ of cost price. What is the profit percentage?

1980 0

  • 1
    $$14{7\over6}\% $$
    Correct
    Wrong
  • 2
    $$12{1\over2}\% $$
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    $$16{2\over3}\% $$
    Correct
    Wrong
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Answer : 4. "$$16{2\over3}\% $$"

Q:

A shopkeeper had 2000 kgs of rice. He sold a part of it at 11% profit and the rest at 17% profit, so that he made a total profit 15.2%. How much rice (in kgs) did he sell at 17% profit?

1976 0

  • 1
    600
    Correct
    Wrong
  • 2
    1400
    Correct
    Wrong
  • 3
    700
    Correct
    Wrong
  • 4
    1200
    Correct
    Wrong
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Answer : 2. "1400"

Q:

Vinayak bought an item and sold it at a loss of 5%. If he had bought it for 10% less and sold it for Rs.390 more, he would have had a profit of 20%, find the cost price of item.

1974 0

  • 1
    Rs. 3300
    Correct
    Wrong
  • 2
    Rs. 3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3000
    Correct
    Wrong
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Answer : 4. "Rs. 3000"

Q:

A merchant sells a radio at 10 % profit if he bought 10% less and sold it Rs.132 less then he got 10% profit. Find the cost price of radio?

1967 0

  • 1
    1100
    Correct
    Wrong
  • 2
    1200
    Correct
    Wrong
  • 3
    1300
    Correct
    Wrong
  • 4
    1320
    Correct
    Wrong
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Answer : 2. "1200"

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 

1959 0

  • 1
    Rs. 800
    Correct
    Wrong
  • 2
    Rs. 900
    Correct
    Wrong
  • 3
    Rs. 700
    Correct
    Wrong
  • 4
    Rs. 750
    Correct
    Wrong
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Answer : 1. "Rs. 800 "

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 

1958 0

  • 1
    20%
    Correct
    Wrong
  • 2
    60%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    72%
    Correct
    Wrong
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Answer : 2. "60% "

Q:

A person bought some articles at the rate of 5 per rupee and the same number at the rate of 4 per rupee. He mixed both the types and sold at the rate of 9 for 2 rupees. In this business he suffered a loss of Rs. 3. The total number of articles bought by him was 

1946 0

  • 1
    540
    Correct
    Wrong
  • 2
    545
    Correct
    Wrong
  • 3
    1090
    Correct
    Wrong
  • 4
    1080
    Correct
    Wrong
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Answer : 4. "1080 "

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?

1945 0

  • 1
    Rs. 500
    Correct
    Wrong
  • 2
    Rs.560
    Correct
    Wrong
  • 3
    Rs. 540
    Correct
    Wrong
  • 4
    Rs.492.5
    Correct
    Wrong
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Answer : 3. "Rs. 540"

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