Profit and Loss Questions Practice Question and Answer
8 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?
1722 161cdbab5edcf9307082e58bb
61cdbab5edcf9307082e58bb- 1Rs. 450/-true
- 2Rs. 420/-false
- 3Rs. 400/-false
- 4Rs. 350/-false
- 5Rs. 480/-false
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Answer : 1. "Rs. 450/-"
Q: By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%?
1715 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?
1710 05f6d86d1f9079a64e3bed9f3
5f6d86d1f9079a64e3bed9f3- 115false
- 220true
- 325false
- 410false
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Answer : 2. "20"
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:
1707 05ee056528c4c964f73d774b5
5ee056528c4c964f73d774b5- 1Rs. 1425false
- 2Rs. 1500true
- 3Rs. 1537.50false
- 4Rs.1576false
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Answer : 2. "Rs. 1500"
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
1703 05feda2d5d6478d501619b9f4
5feda2d5d6478d501619b9f4- 16%false
- 27%false
- 36.5%false
- 48%true
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Answer : 4. "8%"
Q: The cost price of 60 articles is same as the selling price of x articles. If there is a profit of 20%, then what is the value of x?
1698 05f3f8f6d03c6925a59d346d4
5f3f8f6d03c6925a59d346d4- 115false
- 250true
- 330false
- 480false
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Answer : 2. "50"
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 ?
1697 05e3252331f73627362281714
5e3252331f73627362281714- 110.5false
- 212.5true
- 314.5false
- 413.5false
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Answer : 2. "12.5"
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?
1696 05f803b0be8f8143228973ff3
5f803b0be8f8143228973ff3- 136000false
- 245000false
- 339000false
- 440000true
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