Profit and Loss Questions Practice Question and Answer

Q:

By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%? 

1568 0

  • 1
    Rs . 910
    Correct
    Wrong
  • 2
    Rs . 1200
    Correct
    Wrong
  • 3
    Rs . 1232
    Correct
    Wrong
  • 4
    Rs . 1300
    Correct
    Wrong
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Answer : 4. "Rs . 1300 "

Q:

What is the discount rate of a gift whose selling price is Rs. 420 after a reduction of Rs. 60 on its marked price ?

1564 0

  • 1
    10.5
    Correct
    Wrong
  • 2
    12.5
    Correct
    Wrong
  • 3
    14.5
    Correct
    Wrong
  • 4
    13.5
    Correct
    Wrong
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Answer : 2. "12.5"

Q:

A and B invest in a business in the ratio 3:2. If 5% of the total profit goes to charity and A’s share is Rs.855, the total profit is:

1561 0

  • 1
    Rs. 1425
    Correct
    Wrong
  • 2
    Rs. 1500
    Correct
    Wrong
  • 3
    Rs. 1537.50
    Correct
    Wrong
  • 4
    Rs.1576
    Correct
    Wrong
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Answer : 2. "Rs. 1500"

Q:

A sells to B an iron box at 10% profit. B sells it to C for 20% profit. If C pays Rs. 528 then then the cost price of A is

1552 0

  • 1
    400
    Correct
    Wrong
  • 2
    508
    Correct
    Wrong
  • 3
    500
    Correct
    Wrong
  • 4
    498
    Correct
    Wrong
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Answer : 1. "400"

Q:

The cost price of item B is Rs. 150/- more than the cost price of item A. Item A was sold at a profit of 10% and item B was sold at a loss of 20%. If the respective ratio of selling prices of items A and B is 11 : 12, what is the cost price of item B?

1552 1

  • 1
    Rs. 450/-
    Correct
    Wrong
  • 2
    Rs. 420/-
    Correct
    Wrong
  • 3
    Rs. 400/-
    Correct
    Wrong
  • 4
    Rs. 350/-
    Correct
    Wrong
  • 5
    Rs. 480/-
    Correct
    Wrong
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Answer : 1. "Rs. 450/-"

Q:

A car worth Rs 30,000 was sold by A to B at 10 % profit. B sold the car back to A at 5 % loss. In the entire transaction.

1551 0

  • 1
    A gain Rs 1500
    Correct
    Wrong
  • 2
    A loss Rs 1500
    Correct
    Wrong
  • 3
    A gain Rs. 1650
    Correct
    Wrong
  • 4
    A gain Rs. 1850
    Correct
    Wrong
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Answer : 3. "A gain Rs. 1650"

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?

1547 0

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

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?

1541 0

  • 1
    ₹890
    Correct
    Wrong
  • 2
    ₹640
    Correct
    Wrong
  • 3
    ₹750
    Correct
    Wrong
  • 4
    ₹1,050
    Correct
    Wrong
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Answer : 1. "₹890"

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