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

1177 0

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

Q:

A Shopkeeper marks his goods 20 % above its cost price and gives 15 % discount on the marked price. Find the gain?

1172 0

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

Q:

If the loss is 20%, by what fraction should the selling price be multiplied to get the cost price?

1165 0

  • 1
    4/5
    Correct
    Wrong
  • 2
    8/5
    Correct
    Wrong
  • 3
    5/4
    Correct
    Wrong
  • 4
    6/5
    Correct
    Wrong
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Answer : 3. "5/4"

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

1150 0

  • 1
    40%
    Correct
    Wrong
  • 2
    22%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    11%
    Correct
    Wrong
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Answer : 3. "50%"

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

1149 0

  • 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 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?

1136 0

  • 1
    18
    Correct
    Wrong
  • 2
    12
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    15
    Correct
    Wrong
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Answer : 1. "18"

Q:

A man bought three articles, each of which cost Rs 3000. He sold those articles at 10% profit, 5% profit and 15% loss respectively. What is the total profit/loss percentage earned by him?

1130 0

  • 1
    10% loss
    Correct
    Wrong
  • 2
    5% loss
    Correct
    Wrong
  • 3
    5% profit
    Correct
    Wrong
  • 4
    no profit no loss
    Correct
    Wrong
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Answer : 4. "no profit no loss"

Q:

By selling an article for Rs. 600 there is a profit of 20%. What is the cost price of the article?

1130 0

  • 1
    600
    Correct
    Wrong
  • 2
    457
    Correct
    Wrong
  • 3
    244
    Correct
    Wrong
  • 4
    500
    Correct
    Wrong
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Answer : 4. "500"

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