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:

A trader sold two items at the same price. One at 20% profit and another at 10% loss. The overall profit / loss percentage of the trader is ________

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  • 1
    4% loss
    Correct
    Wrong
  • 2
    4% profit
    Correct
    Wrong
  • 3
    8% loss
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these"

Q:

An article is sold at a gain of 16%. If it had been sold for Rs.400 more, 20% would have been gained. The cost price of the article is

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  • 1
    Rs.8000
    Correct
    Wrong
  • 2
    Rs.9000
    Correct
    Wrong
  • 3
    Rs.10000
    Correct
    Wrong
  • 4
    Rs.12000
    Correct
    Wrong
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Answer : 3. "Rs.10000"

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:

If a trader finds out that his profit is equal to 20 percent of the selling price, then his actual profit is.

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  • 1
    20 %
    Correct
    Wrong
  • 2
    22 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    30 %
    Correct
    Wrong
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Answer : 3. "25 %"

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:

When a mobile is sold at 6 percent profit, it gets Rs. 870 more than it is sold at 6 percent loss. So what is the purchase price of mobile?

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  • 1
    7250
    Correct
    Wrong
  • 2
    7266
    Correct
    Wrong
  • 3
    7217
    Correct
    Wrong
  • 4
    7243
    Correct
    Wrong
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Answer : 1. "7250"

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?

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  • 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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