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: By selling an article for ₹72, there is a loss of 10%. At what price it should be sell to gain 10% profit?
1462 0639c9287c7eb1b240b5fcd1e
639c9287c7eb1b240b5fcd1e- 1₹85false
- 2₹88true
- 3₹80false
- 4₹90false
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Answer : 2. "₹88"
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?
1462 05efd3996196e681f76ec5b0b
5efd3996196e681f76ec5b0b- 1Rs. 240false
- 2Rs. 250true
- 3Rs. 280false
- 4Rs. 260false
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Answer : 2. "Rs. 250 "
Q: If the ratio of cost price and selling price is 5 : 4, then the loss percentage is-
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617a3e034e71ee22ddb61aac- 120 %true
- 225 %false
- 340 %false
- 450 %false
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Answer : 1. "20 % "
Q: A shopkeeper wants to make a profit of 20% on an article after selling it, while he gives a cash discount of 20%. Further allows 4 more articles for free after purchase of one dozen articles to his premium customer. How much per cent above the cost price he must mark his article?
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64dc8822d02c5c746bf4719e- 185%false
- 290%false
- 3110%false
- 480%false
- 5100%true
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Answer : 5. "100%"
Q: If books bought at prices from ₹150 to ₹ 300 are sold at prices ranging from ₹ 250 to ₹350, what is the greatest possible profit that might be made in selling 15 books ?
1451 06246d5ad398e4a497b4421d3
6246d5ad398e4a497b4421d3- 1₹ 750false
- 2₹ 4,250false
- 3₹ 3,000true
- 4Cannot be determinedfalse
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Answer : 3. "₹ 3,000"
Explanation :

Q: If a trader finds out that his profit is equal to 20 percent of the selling price, then his actual profit is.
1440 060373ef89d90e74af72ad62e
60373ef89d90e74af72ad62e- 120 %false
- 222 %false
- 325 %true
- 430 %false
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Answer : 3. "25 %"
Q: While selling an article, a shopkeeper gives a discount of 5%. If he gives a discount of 7%, he earns Rs.15 less as profit. The marked price of the article is -
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6024ebb0cce66f776c86b170- 1Rs.1250false
- 2Rs.840false
- 3Rs.750true
- 4Rs.850false
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