Profit and Loss Questions Practice Question and Answer

Q:

A cloth merchant on selling 33 metres of cloth obtain a profit equal to the selling price of 11 metre of cloth the profit is

803 0

  • 1
    40%
    Correct
    Wrong
  • 2
    22%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    11%
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "50%"

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?

803 0

  • 1
    12000
    Correct
    Wrong
  • 2
    12800
    Correct
    Wrong
  • 3
    10000
    Correct
    Wrong
  • 4
    12500
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "12800"

Q:

When a shopkeeper sells an item for Rs 230, he loses 20 percent. If he sells the item for Rs. 339.5, what percentage of profit will he make?

797 0

  • 1
    18
    Correct
    Wrong
  • 2
    12
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    15
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "18"

Q:

By selling an article for ₹72, there is a loss of 10%. At what price it should be sell to gain 10% profit?

784 0

  • 1
    ₹85
    Correct
    Wrong
  • 2
    ₹88
    Correct
    Wrong
  • 3
    ₹80
    Correct
    Wrong
  • 4
    ₹90
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "₹88"

Q:

Nisha bought a number of oranges at 2 for a rupee and an equal number at 3 for a rupee. To make a profit of 20% she should sell a dozen for

771 0

  • 1
    ₹ 10
    Correct
    Wrong
  • 2
    ₹ 12
    Correct
    Wrong
  • 3
    ₹ 6
    Correct
    Wrong
  • 4
    ₹ 8
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "₹ 6 "
Explanation :

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 ?

770 0

  • 1
    ₹ 750
    Correct
    Wrong
  • 2
    ₹ 4,250
    Correct
    Wrong
  • 3
    ₹ 3,000
    Correct
    Wrong
  • 4
    Cannot be determined
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "₹ 3,000"
Explanation :

Q:

A trader marks his goods at 20% above cost price. If he allows a discount of 5% what is his final profit%?

766 0

  • 1
    12%
    Correct
    Wrong
  • 2
    14%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "14%"

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?

762 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 Answer
  • Workspace

Answer : 1. "Rs.3,480"

  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