Profit and Loss Questions Practice Question and Answer

Q:

When an article is sold for Rs 366, there is a loss of 39%. To gain 41% it should be sold for Rs? 

1353 0

  • 1
    626
    Correct
    Wrong
  • 2
    426
    Correct
    Wrong
  • 3
    846
    Correct
    Wrong
  • 4
    354
    Correct
    Wrong
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Answer : 3. "846 "

Q:

A buys a water cooler at some price and sells it to B at 20% profit. B sells it to C at 10% profit. If C bought it for Rs 6666, then B's cost price is

1352 0

  • 1
    5400
    Correct
    Wrong
  • 2
    6060
    Correct
    Wrong
  • 3
    5600
    Correct
    Wrong
  • 4
    6400
    Correct
    Wrong
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Answer : 2. "6060"

Q:

By selling 100 pencils, a shopkeeper gains the selling price of 20 pencils, His gain percent is:

1348 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 2. "25%"

Q:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was the percent profit on the transaction?

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  • 1
    6.8%
    Correct
    Wrong
  • 2
    6.3%
    Correct
    Wrong
  • 3
    6.4 %
    Correct
    Wrong
  • 4
    6.6 %
    Correct
    Wrong
  • 5
    6.2%
    Correct
    Wrong
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Answer : 3. "6.4 %"

Q:

A shopkeeper by selling  13 Titan watches, earns a profit equal to the selling  price  of 3 Titan watches. His profit percentage is

1346 0

  • 1
    16 %
    Correct
    Wrong
  • 2
    23.0 %
    Correct
    Wrong
  • 3
    46 %
    Correct
    Wrong
  • 4
    30 %
    Correct
    Wrong
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Answer : 4. "30 % "

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: 

1332 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:

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 

1319 0

  • 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 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 

1318 0

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