Profit and Loss Questions Practice Question and Answer
8 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
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5efd3f4d7228dd6b06e2916a- 120%false
- 260%true
- 335%false
- 472%false
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Answer : 2. "60% "
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?
1823 06413144d67ad957a977a8e65
6413144d67ad957a977a8e65- 1₹890true
- 2₹640false
- 3₹750false
- 4₹1,050false
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Answer : 1. "₹890"
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
1817 05efc71058e73c352771d9cd7
5efc71058e73c352771d9cd7- 1Rs. 800true
- 2Rs. 900false
- 3Rs. 700false
- 4Rs. 750false
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Answer : 1. "Rs. 800 "
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?
1815 05f6d86d1f9079a64e3bed9f3
5f6d86d1f9079a64e3bed9f3- 115false
- 220true
- 325false
- 410false
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Answer : 2. "20"
Q: If Cost Price of 20 tables is equal to the Selling Price of 25 tables. Find the loss percentage.
1811 06024f2fbcce66f776c86d5ee
6024f2fbcce66f776c86d5ee- 120%true
- 224%false
- 312%false
- 416%false
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Answer : 1. "20% "
Q: By Selling 90 pens for Rs. 80 a man loses 20%. What should be the selling price (in Rs.) of 90 pens for 20% profit?
1810 05ff9afc5eb74c178bf40c824
5ff9afc5eb74c178bf40c824- 190false
- 2100false
- 3110false
- 4120true
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Answer : 4. "120"
Q: By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%?
1807 05dcb847345ad6b59c82cf7a7
5dcb847345ad6b59c82cf7a7- 1Rs . 910false
- 2Rs . 1200false
- 3Rs . 1232false
- 4Rs . 1300true
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Answer : 4. "Rs . 1300 "
Q: Arun purchased 30 kg. of rice at the rate of Rs. 17.50 per kg. and another Rs. 30 kg. at a certain rate. He mixed the two and sold the entire quantity at the rate Rs. 18.60 per kg. and made 20% overall profit. At what price per kg. did he pruchase the lot of another 30 kg. rice?
1802 0605a967b281aeb2a4f44a211
605a967b281aeb2a4f44a211- 1Rs.11.50false
- 2Rs.12.00false
- 3Rs.14.50false
- 4Rs.13.50true
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