Profit and Loss Questions Practice Question and Answer
8 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 ?
1003 06246d5ad398e4a497b4421d3
6246d5ad398e4a497b4421d3- 1₹ 750false
- 2₹ 4,250false
- 3₹ 3,000true
- 4Cannot be determinedfalse
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Answer : 3. "₹ 3,000"
Explanation :

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:
987 064bfb961a2d4dcaf044d563e
64bfb961a2d4dcaf044d563e- 125%true
- 224%false
- 316%false
- 418%false
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Answer : 1. "25%"
Q: Shivani purchased five pens for ₹600. She sells these five pens at the rate of ₹50 per pen. What is the approximate lo percentage that Shivani incurred on selling the five pens?
987 06433cfa832185cce372c5000
6433cfa832185cce372c5000- 158.33%true
- 248.33%false
- 353.33%false
- 461.66%false
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Answer : 1. "58.33%"
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
983 062ff7762a6d1894ab156b2f5
62ff7762a6d1894ab156b2f5- 140%false
- 222%false
- 350%true
- 411%false
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Answer : 3. "50%"
Q: An item when sold for ₹ 1,690 earned 30% profit on the cost price. Then the cost price is
976 06246ce26e6c50b4b29b7fd4a
6246ce26e6c50b4b29b7fd4a- 1₹ 1,300true
- 2₹ 130false
- 3₹ 507false
- 4₹ 630false
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Answer : 1. "₹ 1,300 "
Explanation :

Q: If the loss is 20%, by what fraction should the selling price be multiplied to get the cost price?
972 06321bb433169cb1b15680415
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
970 06246cf529809e154c7050fac
6246cf529809e154c7050fac- 1₹ 550false
- 2₹ 600true
- 3₹ 650false
- 4₹ 700false
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Answer : 2. "₹ 600"
Explanation :

Q: Which one of the following costs more?
I. 200 packets of ₹ 250 each
II . 20 dozens of ₹ 250 each
969 0622b2fe57c4208076bab6480
622b2fe57c4208076bab6480- 1Ifalse
- 2IItrue
- 3Both I and II are equalfalse
- 4Cannot be calculatedfalse
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