Profit and Loss Questions Practice Question and Answer
8 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 a seller bought an item for Rs. 900 and determined the mark price in such a way that after giving 10 percent discount, he would get a profit of 20 percent, what would be the mark price?
1430 05fb399bfcb95815ec70d6862
5fb399bfcb95815ec70d6862- 1Rs. 1180false
- 2Rs.1080false
- 3Rs. 1200true
- 4Rs. 1100false
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Answer : 3. "Rs. 1200 "
Q: By selling a car for ₹ 64,000, Mr. Rao lost 20%. Then the cost price of the car is :
1426 06246cd85e6c50b4b29b7f705
6246cd85e6c50b4b29b7f705- 1₹ 80,000true
- 2₹ 84,000false
- 3₹ 72,000false
- 4₹ 76,800false
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Answer : 1. "₹ 80,000 "
Explanation :

Q: A trader marks his goods at 20% above cost price. If he allows a discount of 5% what is his final profit%?
1420 06078156d63b9781494e3fd85
6078156d63b9781494e3fd85- 112%false
- 214%true
- 315%false
- 418%false
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Answer : 2. "14%"
Q: Shashi sells two articles for ₹5,000 each with no loss and no profit in the overall transaction. If one article is sold at $$16{2\over 3}\%$$loss, then the other is sold at a profit of:
1416 064bfb961a2d4dcaf044d563e
64bfb961a2d4dcaf044d563e- 125%true
- 224%false
- 316%false
- 418%false
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Answer : 1. "25%"
Q: The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss is
1412 05ec5f5af980ff60a66c35afe
5ec5f5af980ff60a66c35afe- 120% gainfalse
- 225% gainfalse
- 333.33% lossfalse
- 440% losstrue
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Answer : 4. "40% loss "
Q: Shivani purchased five pens for ₹600. She sells these five pens at the rate of ₹50 per pen. What is the approximate lo percentage that Shivani incurred on selling the five pens?
1409 06433cfa832185cce372c5000
6433cfa832185cce372c5000- 158.33%true
- 248.33%false
- 353.33%false
- 461.66%false
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Answer : 1. "58.33%"
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
1402 06246d018e6c50b4b29b8032f
6246d018e6c50b4b29b8032f- 1₹ 704.50false
- 2₹ 724.50true
- 3₹ 664.50false
- 4₹ 684.50false
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Answer : 2. "₹ 724.50 "
Explanation :


