Profit and Loss Questions Practice Question and Answer
8 Q: A trader marks his goods at 20% above cost price. If he allows a discount of 5% what is his final profit%?
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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:
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64bfb961a2d4dcaf044d563e- 125%true
- 224%false
- 316%false
- 418%false
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Answer : 1. "25%"
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?
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5f9be1b13dfc3659c697960e- 118true
- 212false
- 320false
- 415false
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Answer : 1. "18"
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
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62ff7762a6d1894ab156b2f5- 140%false
- 222%false
- 350%true
- 411%false
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Answer : 3. "50%"
Q: If the loss is 20%, by what fraction should the selling price be multiplied to get the cost price?
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6321bb433169cb1b15680415- 14/5false
- 28/5false
- 35/4true
- 46/5false
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Answer : 3. "5/4"
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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6246cf529809e154c7050fac- 1₹ 550false
- 2₹ 600true
- 3₹ 650false
- 4₹ 700false
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Answer : 2. "₹ 600"
Explanation :

Q: A sold a watch to B at a profit of 20%. B sold it to C at 30% profit. C sold it to D at 10% loss. If B's profit is ₹80 more than that of A, then D bought it for:
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64b90e7388d5e4f52ddf7bf3- 1₹700false
- 2₹680false
- 3₹652false
- 4₹702true
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Answer : 4. "₹702"
Q: An item when sold for ₹ 1,690 earned 30% profit on the cost price. Then the cost price is
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6246ce26e6c50b4b29b7fd4a- 1₹ 1,300true
- 2₹ 130false
- 3₹ 507false
- 4₹ 630false
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Answer : 1. "₹ 1,300 "
Explanation :


