Profit and Loss Questions Practice Question and Answer
8 Q: Ritesh sold a pen for Rs. 36 with a profit of 20%. If it were sold for Rs. 33, then what could be the percentage of profit or loss?
1520 0606d779e6a85553684e1c299
606d779e6a85553684e1c299- 110% Profittrue
- 215% Profitfalse
- 312% Lossfalse
- 418% Lossfalse
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Answer : 1. "10% Profit"
Q: The selling price of the product was equal to 50% of its cost price. Two gradual discounts were offered on the product. If the first discount was 20%, then what was the second discount?
1519 05f6d8a7df9079a64e3bf076b
5f6d8a7df9079a64e3bf076b- 130 %false
- 237.5 %true
- 325 %false
- 433.33 %false
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Answer : 2. "37.5 %"
Q: Chandu bought a watch at 20 percent discount on mark price but sold it at mark price. Find the percentage of profit.
1519 05fa695fd4e71ba46b01f13c6
5fa695fd4e71ba46b01f13c6- 125 %true
- 220 %false
- 318 %false
- 430 %false
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Answer : 1. "25 % "
Q: A fruit merchant makes a profit of 25% by selling mangoes at a certain price. If he charges Re. 1 more on each mango, he would gain 50%. At first the price of one mango was
1517 06246d84d398e4a497b442ac1
6246d84d398e4a497b442ac1- 1Rs. 4false
- 2Rs. 6false
- 3Rs. 5true
- 4Rs. 7false
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Answer : 3. "Rs. 5 "
Explanation :

Q: A wholesaler purchased 7 hair clips for a rupee. How many for a rupee must he sell to get profit of 40%?
1509 0606d807d5fcabf6daf300ba3
606d807d5fcabf6daf300ba3- 16false
- 25true
- 34false
- 43false
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Answer : 2. "5"
Q: A shopkeeper sells a watch set on discount of 8% of printed price and gain 25 %. If marked price was Rs. 20,000 then, what was the cost price?
1508 15f5af5d1dc518b408a4158e4
5f5af5d1dc518b408a4158e4- 1Rs. 13,800false
- 2Rs. 14,720true
- 3Rs. 14, 800false
- 4Rs. 13, 720false
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Answer : 2. "Rs. 14,720"
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
1508 06246ca90e6c50b4b29b7ed1d
6246ca90e6c50b4b29b7ed1d- 112%true
- 215%false
- 322%false
- 432%false
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Answer : 1. "12% "
Explanation :

Q: A man purchased a bedsheet for₹ 450 and sold it at a gain of 10% calculated on the selling price. The selling price of the bedsheet was
1499 06246cb1d9809e154c705035f
6246cb1d9809e154c705035f- 1₹ 480false
- 2₹500true
- 3₹ 460false
- 4₹ 475false
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Answer : 2. "₹500"
Explanation :


