Profit and Loss Questions Practice Question and Answer
8 Q: The cost of a new scooter is Rs 25000, at the end of each year its value becomes 80% of the starting price of that year, what will be the cost of the scooter after 3 years?
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6319af742d4ba278b66e2a82- 112000false
- 212800true
- 310000false
- 412500false
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Answer : 2. "12800"
Q: A merchant loses 10% by selling an article. If the cost price of the article is ₹ 15, then the selling price of the article is
1214 06246d6e89809e154c70525c2
6246d6e89809e154c70525c2- 1₹ 12.30false
- 2₹ 13.50true
- 3₹ 13.20false
- 4₹ 16.50false
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Answer : 2. "₹ 13.50"
Explanation :

Q: An item costing Rs. 840 was sold by a shopkeeper at a gain of 10 % and it was again sold by the new buyer at a loss of 5 %. Find selling price of the item is:
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5f294337921df80828929510- 1Rs. 924false
- 2Rs. 37.80false
- 3Rs. 877.80true
- 4Rs.798false
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Answer : 3. "Rs. 877.80 "
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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60892370fd171c780883aa5e- 1Rs.8000false
- 2Rs.9000false
- 3Rs.10000true
- 4Rs.12000false
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Answer : 3. "Rs.10000"
Q: If the ratio of cost price and selling price is 5 : 4, then the loss percentage is-
1209 1617a3e034e71ee22ddb61aac
617a3e034e71ee22ddb61aac- 120 %true
- 225 %false
- 340 %false
- 450 %false
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Answer : 1. "20 % "
Q: The value of a mobile phone depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 6561/-, its purchase price was.
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62f11ebe09a97851b626689c- 1Rs. 8100false
- 2Rs. 9000true
- 3Rs. 9100false
- 4Rs. 9729false
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Answer : 2. "Rs. 9000 "
Q: If a trader finds out that his profit is equal to 20 percent of the selling price, then his actual profit is.
1200 060373ef89d90e74af72ad62e
60373ef89d90e74af72ad62e- 120 %false
- 222 %false
- 325 %true
- 430 %false
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Answer : 3. "25 %"
Q: A cycle seller gives 10% discount on marked retail price and still earns 26% profit. If marked retail price of the cycle is Rs. 840/- Then how much money was paid by the seller for that cycle?
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6337231a5c208a6bf71d20a4- 1₹ 600/-true
- 2₹ 650/-false
- 3₹ 700/-false
- 4₹ 750/-false
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