Profit and Loss Questions Practice Question and Answer
8 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:
722 064b90e7388d5e4f52ddf7bf3
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
719 06246ce26e6c50b4b29b7fd4a
6246ce26e6c50b4b29b7fd4a- 1₹ 1,300true
- 2₹ 130false
- 3₹ 507false
- 4₹ 630false
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Answer : 1. "₹ 1,300 "
Explanation :
Q: Shopkeeper sold an article after allowing two successive discounts of 15% and 20% on it. If shopkeeper earned 2% profit on selling the article and total discount allowed by him is Rs. 192, then find cost price of the article?
719 063d29910e144980db72d08b0
63d29910e144980db72d08b0- 1Rs.500false
- 2Rs.400true
- 3Rs.300false
- 4Rs.600false
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Answer : 2. "Rs.400"
Q: Which one of the following costs more?
I. 200 packets of ₹ 250 each
II . 20 dozens of ₹ 250 each
718 0622b2fe57c4208076bab6480
622b2fe57c4208076bab6480- 1Ifalse
- 2IItrue
- 3Both I and II are equalfalse
- 4Cannot be calculatedfalse
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Answer : 2. "II"
Q: A merchant marked the price of an article by incresing its pro- duction cost by 40% .Now he al- lows 20% discount and gets a profit of Rs. 48 after selling it. The production cost is
717 06400bc3335d86258eccfa256
6400bc3335d86258eccfa256- 1Rs. 320false
- 2Rs. 360false
- 3Rs. 400true
- 4Rs 440false
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Answer : 3. "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
712 06246cf529809e154c7050fac
6246cf529809e154c7050fac- 1₹ 550false
- 2₹ 600true
- 3₹ 650false
- 4₹ 700false
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Answer : 2. "₹ 600"
Explanation :
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?
711 06321bb9964c0411bf18aa7a4
6321bb9964c0411bf18aa7a4- 110% lossfalse
- 25% lossfalse
- 35% profitfalse
- 4no profit no losstrue
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Answer : 4. "no profit no loss"
Q: A shopkeeper on selling 33 metres of cloth obtain a profit equal to the selling price of 11 metre of cloth the profit is
707 062ff7981fef7996822ddf60b
62ff7981fef7996822ddf60b- 140%false
- 222%false
- 350%true
- 411%false
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- SingleChoice