Profit and Loss Questions Practice Question and Answer

Q:

If a discount of 10% is allowed on the marked price of an article, a shopkeeper gets a profit of 25 %. If he offers a discount of 25% on the marked price of the same article, then his percentage profit/loss will be:

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  • 1
    4 % profit
    Correct
    Wrong
  • 2
    $$ {4 {1\over 6}}{ \%}$$ loss
    Correct
    Wrong
  • 3
    $$ {4 {1\over 6}}{ \%}$$ profit
    Correct
    Wrong
  • 4
    4 % loss
    Correct
    Wrong
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Answer : 3. "$$ {4 {1\over 6}}{ \%}$$ profit"

Q:

Vivek buys 3 shirts at an average price of Rs. 1250. If he buys 2 more shirts at an average price of Rs. 1450. What will be the average price (in Rs.) of all the 5 shirts he buys?

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  • 1
    1350
    Correct
    Wrong
  • 2
    1390
    Correct
    Wrong
  • 3
    1330
    Correct
    Wrong
  • 4
    1310
    Correct
    Wrong
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Answer : 3. "1330"

Q:

The difference between the selling prices of some articles if sold for Rs.12 per article instead of Rs.9 per article is Rs.150. If the sold price of these articles is Rs.250 then find the selling price of 21 articles if profit earned is 20%.

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  • 1
    Rs.130
    Correct
    Wrong
  • 2
    Rs. 126
    Correct
    Wrong
  • 3
    Rs. 136
    Correct
    Wrong
  • 4
    Rs. 125
    Correct
    Wrong
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Answer : 2. "Rs. 126"

Q:

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

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  • 1
    20% gain
    Correct
    Wrong
  • 2
    25% gain
    Correct
    Wrong
  • 3
    33.33% loss
    Correct
    Wrong
  • 4
    40% loss
    Correct
    Wrong
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Answer : 4. "40% loss "

Q:

A radio is sold for Rs.900 at 10% profit. If it had been sold for Rs 890, what would have been the actual profit or loss?

1226 0

  • 1
    profit of Rs.10
    Correct
    Wrong
  • 2
    profit of Rs.90
    Correct
    Wrong
  • 3
    profit of Rs.90
    Correct
    Wrong
  • 4
    a loss of Rs 10
    Correct
    Wrong
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Answer : 4. "a loss of Rs 10"

Q:

If a shopkeeper increases the selling price of an article by 10% and gets a profit of 37.5% on its cost price. If he increases the selling price by 25% above on old selling price then he gets a profit of ₹ 225 on his cost price. Find the cost price of the article?

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  • 1
    ₹ 365
    Correct
    Wrong
  • 2
    ₹ 320
    Correct
    Wrong
  • 3
    ₹ 420
    Correct
    Wrong
  • 4
    ₹ 400
    Correct
    Wrong
  • 5
    ₹ 510
    Correct
    Wrong
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Answer : 4. "₹ 400"

Q:

An article is sold for Rs 4,777 after giving a discount of 15%. What is the marked price of the article?

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  • 1
    5495
    Correct
    Wrong
  • 2
    5420
    Correct
    Wrong
  • 3
    5620
    Correct
    Wrong
  • 4
    5348
    Correct
    Wrong
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Answer : 3. "5620"

Q:

A men sells his cycle at 6% profit. Had he sold it at 15% profit, he would have received 180 Rs. More. What is the cost price of the cycle?

1223 0

  • 1
    Rs 1000
    Correct
    Wrong
  • 2
    Rs 1200
    Correct
    Wrong
  • 3
    Rs 1500
    Correct
    Wrong
  • 4
    Rs 2000
    Correct
    Wrong
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Answer : 4. "Rs 2000"

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