Profit and Loss Questions Practice Question and Answer

Q:

There is 10% loss if an article is sold at Rs. 270. Then the cost price of the article is

1175 0

  • 1
    Rs 320
    Correct
    Wrong
  • 2
    Rs. 250
    Correct
    Wrong
  • 3
    Rs. 300
    Correct
    Wrong
  • 4
    Rs. 270
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs 320 "
Explanation :

Q:

The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss is 

1161 0

  • 1
    20% gain
    Correct
    Wrong
  • 2
    25% gain
    Correct
    Wrong
  • 3
    33.33% loss
    Correct
    Wrong
  • 4
    40% loss
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "40% loss "

Q:

A shopkeeper sold sarees at Rs. 266 each after giving 5 % discount on labelled price. Had he not given the discount, he would have earned a profit of 12 % on the cost price. What was the cost price of each saree? 

1159 0

  • 1
    Rs. 240
    Correct
    Wrong
  • 2
    Rs. 250
    Correct
    Wrong
  • 3
    Rs. 280
    Correct
    Wrong
  • 4
    Rs. 260
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 250 "

Q:

By selling 25 m of cloth a man gains the selling price of 5 m of cloth. Find the gain percent?

1152 0

  • 1
    25 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    30 %
    Correct
    Wrong
  • 4
    22 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "25 %"

Q:

Vishal sells a bag at a profit of 40%. If Vishal's profit is ₹880, then what is the cost price of the bag?

1145 0

  • 1
    ₹ 2,000
    Correct
    Wrong
  • 2
    ₹ 2,450
    Correct
    Wrong
  • 3
    ₹ 1,900
    Correct
    Wrong
  • 4
    ₹ 2,200
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹ 2,200"

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? 

1141 0

  • 1
    320
    Correct
    Wrong
  • 2
    350
    Correct
    Wrong
  • 3
    420
    Correct
    Wrong
  • 4
    450
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "320 "

Q:

Bananas are bought at 3 for Rs. 2 and sold at 5 for Rs. 4. Find the gain or loss percent.

1132 0

  • 1
    25%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    30%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "20% "

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully