Profit and Loss Questions Practice Question and Answer
8 Q: A Shopkeeper marks his goods 20 % above its cost price and gives 15 % discount on the marked price. Find the gain?
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60b71348cef13e72bbf96aef- 12 %true
- 23 %false
- 34 %false
- 45 %false
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Answer : 1. "2 %"
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
1056 06246d641a008a64dd39f1525
6246d641a008a64dd39f1525- 1₹ 10false
- 2₹ 12false
- 3₹ 6true
- 4₹ 8false
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Answer : 3. "₹ 6 "
Explanation :

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
1052 06246d018e6c50b4b29b8032f
6246d018e6c50b4b29b8032f- 1₹ 704.50false
- 2₹ 724.50true
- 3₹ 664.50false
- 4₹ 684.50false
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Answer : 2. "₹ 724.50 "
Explanation :

Q: A dealer sold an article at a loss of 2%. Had he sold it for ₹44 more, he would have gained 20%. Find the cost price of the article.
1040 064cce7d0a919c8488e3039b2
64cce7d0a919c8488e3039b2- 1₹250false
- 2₹300false
- 3₹400false
- 4₹200true
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Answer : 4. "₹200"
Q: By selling a car for ₹ 64,000, Mr. Rao lost 20%. Then the cost price of the car is :
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6246cd85e6c50b4b29b7f705- 1₹ 80,000true
- 2₹ 84,000false
- 3₹ 72,000false
- 4₹ 76,800false
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Answer : 1. "₹ 80,000 "
Explanation :

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?
1027 05f9be1b13dfc3659c697960e
5f9be1b13dfc3659c697960e- 118true
- 212false
- 320false
- 415false
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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?
1020 0639c9287c7eb1b240b5fcd1e
639c9287c7eb1b240b5fcd1e- 1₹85false
- 2₹88true
- 3₹80false
- 4₹90false
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Answer : 2. "₹88"
Q: A trader marks his goods at 20% above cost price. If he allows a discount of 5% what is his final profit%?
1004 06078156d63b9781494e3fd85
6078156d63b9781494e3fd85- 112%false
- 214%true
- 315%false
- 418%false
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