Profit and Loss Questions Practice Question and Answer

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

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

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:

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 

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  • 1
    Rs. 400
    Correct
    Wrong
  • 2
    Rs. 100
    Correct
    Wrong
  • 3
    Rs. 200
    Correct
    Wrong
  • 4
    Rs. 300
    Correct
    Wrong
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Answer : 1. "Rs. 400"

Q:

A merchant purchases a wrist watch for ₹ 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is

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  • 1
    ₹ 550
    Correct
    Wrong
  • 2
    ₹ 600
    Correct
    Wrong
  • 3
    ₹ 650
    Correct
    Wrong
  • 4
    ₹ 700
    Correct
    Wrong
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Answer : 2. "₹ 600"
Explanation :

Q:

When a mobile is sold at 6 percent profit, it gets Rs. 870 more than it is sold at 6 percent loss. So what is the purchase price of mobile?

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  • 1
    7250
    Correct
    Wrong
  • 2
    7266
    Correct
    Wrong
  • 3
    7217
    Correct
    Wrong
  • 4
    7243
    Correct
    Wrong
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Answer : 1. "7250"

Q:

The ratio of the cost price and selling price of an article is 10 : 11. The gain per cent is:

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  • 1
    5%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 3. "10%"

Q:

A trader sells an article at 16% below its cost price. Had he sold it for ₹192.20 more, he would have gained 15%. The cost price (in ₹) of the article is:

1338 0

  • 1
    620
    Correct
    Wrong
  • 2
    680
    Correct
    Wrong
  • 3
    720
    Correct
    Wrong
  • 4
    640
    Correct
    Wrong
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Answer : 1. "620 "

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 ?

1335 0

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

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