Profit and Loss Questions Practice Question and Answer

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 

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  • 1
    ₹ 480
    Correct
    Wrong
  • 2
    ₹500
    Correct
    Wrong
  • 3
    ₹ 460
    Correct
    Wrong
  • 4
    ₹ 475
    Correct
    Wrong
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Answer : 2. "₹500"
Explanation :

Q:

A sells a good to B at a profit of 20% and B sells it to C at a profit of 25%. If  C pays Rs. 225 for it, what was the cost price of A?

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  • 1
    Rs. 100
    Correct
    Wrong
  • 2
    Rs. 125
    Correct
    Wrong
  • 3
    Rs. 150
    Correct
    Wrong
  • 4
    Rs. 175
    Correct
    Wrong
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Answer : 3. "Rs. 150"

Q:

A wholesaler purchased 7 hair clips for a rupee. How many for a rupee must he sell to get profit of 40%?

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  • 1
    6
    Correct
    Wrong
  • 2
    5
    Correct
    Wrong
  • 3
    4
    Correct
    Wrong
  • 4
    3
    Correct
    Wrong
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Answer : 2. "5"

Q:

By selling a bicycle for Rs. 2,850 a shopkeeper gain 14%. If the profit is reduced to 8 %, then the selling price will be 

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  • 1
    Rs. 2,800
    Correct
    Wrong
  • 2
    Rs. 3,000
    Correct
    Wrong
  • 3
    Rs. 2,600
    Correct
    Wrong
  • 4
    Rs. 2,700
    Correct
    Wrong
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Answer : 4. "Rs. 2,700 "

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?

1654 1

  • 1
    Rs. 13,800
    Correct
    Wrong
  • 2
    Rs. 14,720
    Correct
    Wrong
  • 3
    Rs. 14, 800
    Correct
    Wrong
  • 4
    Rs. 13, 720
    Correct
    Wrong
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Answer : 2. "Rs. 14,720"

Q:

Ram sold an article for Rs 380 at some profit. Had he sold it for Rs 300, then there would have been a loss equal to one-third at the initial point. What was the cost price of the article? 

1651 0

  • 1
    320
    Correct
    Wrong
  • 2
    350
    Correct
    Wrong
  • 3
    420
    Correct
    Wrong
  • 4
    450
    Correct
    Wrong
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Answer : 1. "320 "

Q:

A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is: 

1650 0

  • 1
    $$1{1\over5}$$
    Correct
    Wrong
  • 2
    $$2{1\over5}$$
    Correct
    Wrong
  • 3
    $$2{1\over2}$$
    Correct
    Wrong
  • 4
    2
    Correct
    Wrong
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Answer : 1. " $$1{1\over5}$$"

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

1648 0

  • 1
    Rs. 4
    Correct
    Wrong
  • 2
    Rs. 6
    Correct
    Wrong
  • 3
    Rs. 5
    Correct
    Wrong
  • 4
    Rs. 7
    Correct
    Wrong
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Answer : 3. "Rs. 5 "
Explanation :

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