Profit and Loss Questions Practice Question and Answer

Q:

If the cost price of 28 items is equal to the selling price of 21 items, what is the profit percentage?

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  • 1
    12 %
    Correct
    Wrong
  • 2
    $$ {33{1\over 3}}\%$$
    Correct
    Wrong
  • 3
    20 %
    Correct
    Wrong
  • 4
    22 %
    Correct
    Wrong
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Answer : 2. "$$ {33{1\over 3}}\%$$"

Q:

A shopkeeper bought 80 pens in Rs. 400. He sold 40 pens at 60% profit and sold the remaining pens at 20% profit. If he had sold all the pens at a 15% profit, how much less profit would he have made?

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  • 1
    Rs. 65
    Correct
    Wrong
  • 2
    Rs. 80
    Correct
    Wrong
  • 3
    Rs. 100
    Correct
    Wrong
  • 4
    Rs. 120
    Correct
    Wrong
  • 5
    Rs. 150
    Correct
    Wrong
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Answer : 3. "Rs. 100"

Q:

If Manoj buys 324 toffees for Rs 486, then how many toffees should he sell for Rs 90 to make 50% profit?

1307 0

  • 1
    40
    Correct
    Wrong
  • 2
    55
    Correct
    Wrong
  • 3
    60
    Correct
    Wrong
  • 4
    45
    Correct
    Wrong
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Answer : 1. "40"

Q:

Krishnan bought a camera and paid 20% less than its original price. He sold it at 40% profit on the price he had paid. The percentage of profit earned by Krishnan on the original price was

1307 0

  • 1
    12%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    32%
    Correct
    Wrong
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Answer : 1. "12% "
Explanation :

Q:

By what fraction selling price ( S.P. ) must be multiplied to get the cost price ( C.P. ) if the loss is 20%? 

1306 0

  • 1
    $${5\over4}$$
    Correct
    Wrong
  • 2
    $${6\over5}$$
    Correct
    Wrong
  • 3
    $${4\over5}$$
    Correct
    Wrong
  • 4
    $${8\over5}$$
    Correct
    Wrong
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Answer : 1. " $${5\over4}$$"

Q:

Anil bought two articles A and B at a total cost of ₹ 10,000. He sold the article A at 15% profit and the actacle B at 10% loss. In the whole deal, be made no profit or no loss. Find the selling price of the article A.

1305 0

  • 1
    ₹4,500
    Correct
    Wrong
  • 2
    ₹5,400
    Correct
    Wrong
  • 3
    ₹4,600
    Correct
    Wrong
  • 4
    ₹4,200
    Correct
    Wrong
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Answer : 3. "₹4,600"

Q:

A shopkeeper buys three products a, b, c and sells them at 20%, 30%, 40% profit, respectively. What is ratio of the selling price of these products, if the ratio of their cost prices is 4:3 :2?

1303 0

  • 1
    48 : 39 : 28
    Correct
    Wrong
  • 2
    34 : 54 : 12
    Correct
    Wrong
  • 3
    24 : 39 : 14
    Correct
    Wrong
  • 4
    56 : 26 : 21
    Correct
    Wrong
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Answer : 1. "48 : 39 : 28"

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:

1289 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
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Answer : 3. "Rs. 527"

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