Profit and Loss Questions Practice Question and Answer

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

1735 0

  • 1
    400
    Correct
    Wrong
  • 2
    508
    Correct
    Wrong
  • 3
    500
    Correct
    Wrong
  • 4
    498
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "400"

  • Show AnswerHide Answer
  • Workspace

Answer : 2. "450 kg."

Q:

By selling an article for Rs. 450, I lose 20%. For what price should I sell it to gain 20% ? 

1730 0

  • 1
    Rs. 470
    Correct
    Wrong
  • 2
    Rs. 562.50
    Correct
    Wrong
  • 3
    Rs. 490
    Correct
    Wrong
  • 4
    Rs. 675
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 675 "
Explanation :

Q:

While selling an article for Rs 18450, a person suffered a loss of 50%. At what price he should have sold the article (in Rs) to earn a profit of 50%?

1726 0

  • 1
    13837
    Correct
    Wrong
  • 2
    52000
    Correct
    Wrong
  • 3
    56775
    Correct
    Wrong
  • 4
    55350
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "55350"

Q:

A dishonest dealer marks up his goods by 50% and then gives a discount of 20% on the marked price. Apart from this, he uses a faulty balance which reads 1kg for 900 gm. What is his net profit percentage (rounded off to the nearest integer)?

1724 0

  • 1
    24
    Correct
    Wrong
  • 2
    27
    Correct
    Wrong
  • 3
    36
    Correct
    Wrong
  • 4
    33
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "33"

Q:

A trader makes a profit equal to the selling price of 75 articles when he sold 100 of the articles . What % profit did he make in the transaction?

1723 0

  • 1
    300%
    Correct
    Wrong
  • 2
    150%
    Correct
    Wrong
  • 3
    33.33%
    Correct
    Wrong
  • 4
    75%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "300% "

Q:

A shopkeeper marks an article 24% above its cost price and allows a 15% discount on the marked price. If he earns a profit of Rs. 27 by selling the article, then the selling price of the article is:

1722 0

  • 1
    Rs. 522
    Correct
    Wrong
  • 2
    Rs. 508
    Correct
    Wrong
  • 3
    Rs. 527
    Correct
    Wrong
  • 4
    Rs. 517
    Correct
    Wrong
  • 5
    Rs. 817
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 527"

Q:

There is 10% loss if an article is sold at Rs. 270. Then the cost price of the article is

1722 0

  • 1
    Rs 320
    Correct
    Wrong
  • 2
    Rs. 250
    Correct
    Wrong
  • 3
    Rs. 300
    Correct
    Wrong
  • 4
    Rs. 270
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs 320 "
Explanation :

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully