Profit and Loss Questions Practice Question and Answer

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?

1801 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:

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?

1799 0

  • 1
    120%
    Correct
    Wrong
  • 2
    400%
    Correct
    Wrong
  • 3
    80%
    Correct
    Wrong
  • 4
    100%
    Correct
    Wrong
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Answer : 2. "400%"

Q:

Rahul purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?

1797 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    4.5
    Correct
    Wrong
  • 3
    6.5
    Correct
    Wrong
  • 4
    5.6
    Correct
    Wrong
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Answer : 4. " 5.6"

Q:

A shopkeeper bought goods for Rs. 2025. He sold $$ {1\over 5}$$ th of it at 20% profit and the remaining at the profit of 5%, the profit per cent on the whole is

1786 0

  • 1
    6%
    Correct
    Wrong
  • 2
    7%
    Correct
    Wrong
  • 3
    6.5%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 4. "8%"

Q:

A store sells a watch for a profit of 25% of the cost. Then the percentage of profit against selling price is-

1780 0

  • 1
    22%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 2. "20%"
Explanation :

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.

1776 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 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:

1774 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 shopkeeper allows 25% discount on his advertised price and to make a profit 25% on his outlay. What is the advertised price (in Rs.) on which he gains Rs. 6000?

1770 0

  • 1
    36000
    Correct
    Wrong
  • 2
    45000
    Correct
    Wrong
  • 3
    39000
    Correct
    Wrong
  • 4
    40000
    Correct
    Wrong
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Answer : 4. "40000"

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