Profit and Loss Questions Practice Question and Answer

Q:

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

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  • 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:

Sarita started a boutique investing an amount of 50,000. Six months later Neeta joined her with an amount of 80,000.  At the end of one year they earned a profit of 18,000. What is the Sarita’s share in the profit?

1651 0

  • 1
    9000
    Correct
    Wrong
  • 2
    8000
    Correct
    Wrong
  • 3
    12000
    Correct
    Wrong
  • 4
    10000
    Correct
    Wrong
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Answer : 4. "10000"

Q:

The price of 6 pencils is Rs. 30 and that of 12 pens is Rs. 120. What is the average price of 50 pencils and 50 pens?

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  • 1
    Rs. 6.75
    Correct
    Wrong
  • 2
    Rs. 7.5
    Correct
    Wrong
  • 3
    Rs. 5
    Correct
    Wrong
  • 4
    Rs. 5.75
    Correct
    Wrong
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Answer : 2. "Rs. 7.5 "

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

1635 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:

A phone is sold for Rs. 860 at a loss of 20% for how much should it be sold gain 10%?

1633 0

  • 1
    Rs.1182.5
    Correct
    Wrong
  • 2
    Rs.1168.5
    Correct
    Wrong
  • 3
    Rs.1092.5
    Correct
    Wrong
  • 4
    Rs.1220.5
    Correct
    Wrong
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Answer : 1. "Rs.1182.5"

Q:

What would be the printed price of a wallclock purchased at ₹380, so that after giving 5 % discount, there is 25 % profit? 

1623 0

  • 1
    ₹ 500
    Correct
    Wrong
  • 2
    ₹ 600
    Correct
    Wrong
  • 3
    ₹ 400
    Correct
    Wrong
  • 4
    ₹ 450
    Correct
    Wrong
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Answer : 1. "₹ 500 "

Q:

Raghu sold an article for Rs. 180 after allowing a 20% discount on its marked price. Had he not allowed any discount, he would have gained 20%. What is the cost price of the article?

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  • 1
    187.50
    Correct
    Wrong
  • 2
    192.80
    Correct
    Wrong
  • 3
    188.60
    Correct
    Wrong
  • 4
    190.40
    Correct
    Wrong
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Answer : 1. "187.50"

Q:

An article is sold at a profit of 20% of its cost price. If cost price and selling price reduces by Rs 10 and Rs. 5 respectively, then the percentage profit increased to 30%. Find the cost price?

1621 0

  • 1
    Rs. 80
    Correct
    Wrong
  • 2
    Rs. 50
    Correct
    Wrong
  • 3
    Rs. 75
    Correct
    Wrong
  • 4
    Rs. 60
    Correct
    Wrong
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Answer : 1. "Rs. 80"

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