Profit and Loss Questions Practice Question and Answer

Q:

If a man were to sell his chair for Rs. 720, he would loss 25 %. To gain 25% he should sell it for__

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  • 1
    Rs. 1,200
    Correct
    Wrong
  • 2
    Rs. 1,000
    Correct
    Wrong
  • 3
    Rs. 960
    Correct
    Wrong
  • 4
    Rs. 900
    Correct
    Wrong
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Answer : 1. "Rs. 1,200"

Q:

If an article is sold at 200 % profit then the ratio of its cost price to its selling price will be 

1216 0

  • 1
    1 : 2
    Correct
    Wrong
  • 2
    2 : 1
    Correct
    Wrong
  • 3
    1 : 3
    Correct
    Wrong
  • 4
    3 : 1
    Correct
    Wrong
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Answer : 3. "1 : 3 "

Q:

A man bought 20 dozen eggs for Rs. 720. What should be the selling price of each egg if he wants to make a profit of 20 %? 

1215 0

  • 1
    Rs. 3.50
    Correct
    Wrong
  • 2
    Rs. 3.60
    Correct
    Wrong
  • 3
    Rs. 3.25
    Correct
    Wrong
  • 4
    Rs. 3.30
    Correct
    Wrong
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Answer : 2. "Rs. 3.60"

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?

1195 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"

Q:

A person has 12 bananas for Rs 24. Sell in So he got the benefit of 25 percent. How many bananas he buy in Rs. 40?

1185 0

  • 1
    30
    Correct
    Wrong
  • 2
    25
    Correct
    Wrong
  • 3
    40
    Correct
    Wrong
  • 4
    45
    Correct
    Wrong
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Answer : 2. "25"

Q:

If Cost price of an article is Rs.220 and profit is 20 %, then what will be the selling price of the article?

1179 0

  • 1
    Rs. 264
    Correct
    Wrong
  • 2
    Rs. 216
    Correct
    Wrong
  • 3
    Rs. 176
    Correct
    Wrong
  • 4
    Rs. 256
    Correct
    Wrong
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Answer : 1. "Rs. 264"

Q:

Chandu bought a watch at 20 percent discount on mark price but sold it at mark price. Find the percentage of profit.

1158 0

  • 1
    25 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    18 %
    Correct
    Wrong
  • 4
    30 %
    Correct
    Wrong
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Answer : 1. "25 % "

Q:

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

1157 0

  • 1
    Rs. 470
    Correct
    Wrong
  • 2
    Rs. 562.50
    Correct
    Wrong
  • 3
    Rs. 490
    Correct
    Wrong
  • 4
    Rs. 675
    Correct
    Wrong
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Answer : 4. "Rs. 675 "
Explanation :

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