Profit and Loss Questions Practice Question and Answer

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 -

1088 0

  • 1
    Rs.1250
    Correct
    Wrong
  • 2
    Rs.840
    Correct
    Wrong
  • 3
    Rs.750
    Correct
    Wrong
  • 4
    Rs.850
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs.750"

Q:

A man sold a watch at a loss of 5%. If he would have sold it for Rs. 27 more, he would have gained 7%. The cost price of the watch is -

1084 0

  • 1
    Rs. 325
    Correct
    Wrong
  • 2
    Rs. 225
    Correct
    Wrong
  • 3
    Rs. 500
    Correct
    Wrong
  • 4
    Rs. 375
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 225"

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 ?

1084 0

  • 1
    79
    Correct
    Wrong
  • 2
    81
    Correct
    Wrong
  • 3
    98
    Correct
    Wrong
  • 4
    67
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "79"

Q:

A man sells an article at 5 % above its cost price. If he had bought it at 5 % less than what he had paid for it and sold it at Rs. 2 less, he would have gained 10 %. The cost price of the article is 

1082 0

  • 1
    Rs. 400
    Correct
    Wrong
  • 2
    Rs. 100
    Correct
    Wrong
  • 3
    Rs. 200
    Correct
    Wrong
  • 4
    Rs. 300
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 400"

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?

1077 0

  • 1
    8 %
    Correct
    Wrong
  • 2
    12 %
    Correct
    Wrong
  • 3
    10 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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

1064 0

  • 1
    20%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    40%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "35%"

Q:

A woman buys a watch for Rs. 4,000 and sells it at a loss of 13%. What is the selling price of the watch?

1058 0

  • 1
    Rs.3,480
    Correct
    Wrong
  • 2
    Rs.3,500
    Correct
    Wrong
  • 3
    Rs.3,840
    Correct
    Wrong
  • 4
    Rs.3,620
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs.3,480"

Q:

If Arun purchases 11 articles for Rs.10 and sold all the articles at the rate of 10 for Rs.11, the profit percentage will be.

1058 0

  • 1
    21%
    Correct
    Wrong
  • 2
    100%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    11%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "21% "

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully