Profit and Loss Questions Practice Question and Answer

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?

1334 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:

A salesman expects a gain of 13% on his cost price. If in a month his sale was ₹ 7,91,000, what was his profit ? 

1333 0

  • 1
    ₹ 91,000
    Correct
    Wrong
  • 2
    ₹ 97,786
    Correct
    Wrong
  • 3
    ₹ 85,659
    Correct
    Wrong
  • 4
    ₹ 88,300
    Correct
    Wrong
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Answer : 1. "₹ 91,000 "
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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  • 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 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:

1315 0

  • 1
    ₹700
    Correct
    Wrong
  • 2
    ₹680
    Correct
    Wrong
  • 3
    ₹652
    Correct
    Wrong
  • 4
    ₹702
    Correct
    Wrong
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Answer : 4. "₹702"

Q:

A dishonest dealer professes to sell his goods at cost price but uses a false weight and thus gains 15%. For a kilogram, he uses a weight of _________ (rounded off to one digit after decimal).

1312 0

  • 1
    833.3 gm
    Correct
    Wrong
  • 2
    876.7 gm
    Correct
    Wrong
  • 3
    869.6 gm
    Correct
    Wrong
  • 4
    898.33 gm
    Correct
    Wrong
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Answer : 3. "869.6 gm"

Q:

A man bought an old typewriter for ₹1200 and spent ₹200 on its repair. He sold it for ₹1680. His profit percent is :

1308 0

  • 1
    8%
    Correct
    Wrong
  • 2
    16%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 3. "20% "
Explanation :

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 

1302 0

  • 1
    Rs. 320
    Correct
    Wrong
  • 2
    Rs. 360
    Correct
    Wrong
  • 3
    Rs. 400
    Correct
    Wrong
  • 4
    Rs 440
    Correct
    Wrong
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Answer : 3. "Rs. 400 "

Q:

A fan is listed at ₹ 150 and a discount of 20% is given. Then the selling price is

1292 0

  • 1
    ₹ 120
    Correct
    Wrong
  • 2
    ₹ 110
    Correct
    Wrong
  • 3
    ₹ 180
    Correct
    Wrong
  • 4
    ₹ 150
    Correct
    Wrong
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Answer : 1. "₹ 120 "
Explanation :

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