Profit and Loss Questions Practice Question and Answer
8 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%?
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- 455350true
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Answer : 4. "55350"
Q: A vendor buys bananas at 12 for 45 and sells at 5 for 35. What will be the gain ?
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5ed9d0b4f528050f914ffb64- 187 %true
- 282 %false
- 392 %false
- 489 %false
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Answer : 1. " 87 % "
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?
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611f6b0dc5945f0fc869932f- 1Rs. 80true
- 2Rs. 50false
- 3Rs. 75false
- 4Rs. 60false
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Answer : 1. "Rs. 80"
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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61161e5f56340c20700ab605- 122%false
- 220%true
- 318%false
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Answer : 2. "20%"
Explanation :

Q: By selling an article for Rs. 450, I lose 20%. For what price should I sell it to gain 20% ?
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6246d9ec398e4a497b442d20- 1Rs. 470false
- 2Rs. 562.50false
- 3Rs. 490false
- 4Rs. 675true
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Answer : 4. "Rs. 675 "
Explanation :

Q: If an article is sold at 200 % profit then the ratio of its cost price to its selling price will be
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5dcb89e2e9d33d6509bd9e1c- 11 : 2false
- 22 : 1false
- 31 : 3true
- 43 : 1false
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Answer : 3. "1 : 3 "
Q:Direction: A shopkeeper has some kg. rice of same price. He sold 150 kg. rice at 25 Rs. per kg. and earned a profit of 25%, another 180 kg. rice is sold at a profit of 20% and rest are sold at a loss of 10%. If the shopkeeper earns Rs. 1230 profit on all the rice that he has sold then answers the following question:
What is the total quantity of rice that the shopkeeper has?
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5eb1145b8870e50a27e0ebd0- 1400 kg.false
- 2450 kg.true
- 3500 kg.false
- 4480 kg.false
- 5None of thesefalse
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Answer : 2. "450 kg."
Q: If apples are bought at the rate of 30 for a rupee. How many apples must be sold for a rupee to gain 20%?
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