Profit and Loss Questions Practice Question and Answer
8 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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6246cb1d9809e154c705035f- 1₹ 480false
- 2₹500true
- 3₹ 460false
- 4₹ 475false
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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?
1659 05f5af6da69ed13038c19cc99
5f5af6da69ed13038c19cc99- 1Rs. 100false
- 2Rs. 125false
- 3Rs. 150true
- 4Rs. 175false
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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%?
1658 0606d807d5fcabf6daf300ba3
606d807d5fcabf6daf300ba3- 16false
- 25true
- 34false
- 43false
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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
1658 05efd36d27228dd6b06e2843f
5efd36d27228dd6b06e2843f- 1Rs. 2,800false
- 2Rs. 3,000false
- 3Rs. 2,600false
- 4Rs. 2,700true
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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 15f5af5d1dc518b408a4158e4
5f5af5d1dc518b408a4158e4- 1Rs. 13,800false
- 2Rs. 14,720true
- 3Rs. 14, 800false
- 4Rs. 13, 720false
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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 0602e419d6d461f6639881a26
602e419d6d461f6639881a26- 1320true
- 2350false
- 3420false
- 4450false
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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 05efc6ebeeb90be58c5901730
5efc6ebeeb90be58c5901730- 1$$1{1\over5}$$true
- 2$$2{1\over5}$$false
- 3$$2{1\over2}$$false
- 42false
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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 06246d84d398e4a497b442ac1
6246d84d398e4a497b442ac1- 1Rs. 4false
- 2Rs. 6false
- 3Rs. 5true
- 4Rs. 7false
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Answer : 3. "Rs. 5 "
Explanation :


