Profit and Loss Questions Practice Question and Answer
8 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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62ff7b8ffef7996822ddfb52- 120%false
- 230%false
- 335%true
- 440%false
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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?
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60b71348cef13e72bbf96aef- 12 %true
- 23 %false
- 34 %false
- 45 %false
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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?
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6321bb433169cb1b15680415- 14/5false
- 28/5false
- 35/4true
- 46/5false
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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
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62ff7762a6d1894ab156b2f5- 140%false
- 222%false
- 350%true
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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 06246cf529809e154c7050fac
6246cf529809e154c7050fac- 1₹ 550false
- 2₹ 600true
- 3₹ 650false
- 4₹ 700false
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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?
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5f9be1b13dfc3659c697960e- 118true
- 212false
- 320false
- 415false
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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?
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6321bb9964c0411bf18aa7a4- 110% lossfalse
- 25% lossfalse
- 35% profitfalse
- 4no profit no losstrue
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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?
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632284373f5a4d2dcff467c8- 1600false
- 2457false
- 3244false
- 4500true
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