Profit and Loss Questions Practice Question and Answer

Q:

The marked price of an article is Rs.800. A retailer buys it for Rs.540 after getting two successive discounts. The first discount is 25 %. What is the second discount?

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  • 1
    8 %
    Correct
    Wrong
  • 2
    12 %
    Correct
    Wrong
  • 3
    10 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 3. "10 %"

Q:

By selling an article at 2/3 of the Marked price, there is a loss of 10%. The profit percent when the article is sold at the Marked prices

841 0

  • 1
    20%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    40%
    Correct
    Wrong
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Answer : 3. "35%"

Q:

A shopkeeper bought 25 kg. of pulses at the rate of Rs. 54 kg. He sold forty percent of the total quantity at the rate of Rs. 50 per kg. at what price per kg should he sell the approximately quantity to make 25% overall profit ?

841 0

  • 1
    79
    Correct
    Wrong
  • 2
    81
    Correct
    Wrong
  • 3
    98
    Correct
    Wrong
  • 4
    67
    Correct
    Wrong
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Answer : 1. "79"

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?

828 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:

A Shopkeeper marks his goods 20 % above its cost price and gives 15 % discount on the marked price. Find the gain?

820 0

  • 1
    2 %
    Correct
    Wrong
  • 2
    3 %
    Correct
    Wrong
  • 3
    4 %
    Correct
    Wrong
  • 4
    5 %
    Correct
    Wrong
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Answer : 1. "2 %"

Q:

The cost price of a radio is₹  600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be

814 0

  • 1
    ₹ 704.50
    Correct
    Wrong
  • 2
    ₹ 724.50
    Correct
    Wrong
  • 3
    ₹ 664.50
    Correct
    Wrong
  • 4
    ₹ 684.50
    Correct
    Wrong
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Answer : 2. "₹ 724.50 "
Explanation :

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.

803 0

  • 1
    Rs. 8100
    Correct
    Wrong
  • 2
    Rs. 9000
    Correct
    Wrong
  • 3
    Rs. 9100
    Correct
    Wrong
  • 4
    Rs. 9729
    Correct
    Wrong
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Answer : 2. "Rs. 9000 "

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?

797 0

  • 1
    85%
    Correct
    Wrong
  • 2
    90%
    Correct
    Wrong
  • 3
    110%
    Correct
    Wrong
  • 4
    80%
    Correct
    Wrong
  • 5
    100%
    Correct
    Wrong
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Answer : 5. "100%"

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