Profit and Loss Questions Practice Question and Answer

Q:

The selling price and the cost price of an article are ₹6,000 and ₹5,000, respectively. What is the profit percentage?

1219 0

  • 1
    25%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 3. "20%"

Q:

A sold a mobile phone to B at a gain of 25% and B sold it to C at a loss of 10%. If C paid ₹5,625 for it, how much did A pay (in ₹) for the phone?

1219 0

  • 1
    5,100
    Correct
    Wrong
  • 2
    5,000
    Correct
    Wrong
  • 3
    4,500
    Correct
    Wrong
  • 4
    4,800
    Correct
    Wrong
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Answer : 2. "5,000"

Q:

On selling an article for ₹651, there is a loss of 7%. The cost price of that article is

1205 0

  • 1
    ₹793
    Correct
    Wrong
  • 2
    ₹700
    Correct
    Wrong
  • 3
    ₹744
    Correct
    Wrong
  • 4
    ₹751
    Correct
    Wrong
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Answer : 2. "₹700"
Explanation :

Q:

If the cost price of 25 perts is equal to the selling price of 20 pens, then profit percent is

1200 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
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Answer : 2. "25% "

Q:

If the cost of production of an article is 2/5 of its marked retail price, If it is sold at 10% discount then what will be profit?

1198 0

  • 1
    25%
    Correct
    Wrong
  • 2
    40%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    125%
    Correct
    Wrong
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Answer : 4. "125%"

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?

1192 0

  • 1
    Rs.500
    Correct
    Wrong
  • 2
    Rs.400
    Correct
    Wrong
  • 3
    Rs.300
    Correct
    Wrong
  • 4
    Rs.600
    Correct
    Wrong
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Answer : 2. "Rs.400"

Q:

A dealer marks a washing machine for ₹7500, and allows a discount of 6% on it. Find the selling price 

1190 0

  • 1
    ₹ 6850
    Correct
    Wrong
  • 2
    ₹ 7050
    Correct
    Wrong
  • 3
    ₹ 7250
    Correct
    Wrong
  • 4
    ₹ 6950
    Correct
    Wrong
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Answer : 2. "₹ 7050 "

Q:

On selling an article for ₹123.40, the gain is 20% more than the amount of loss incurred on selling it for ₹108. If the article is sold for ₹120.75, then what is the gain/loss per cent?

1185 0

  • 1
    Loss 2.5%
    Correct
    Wrong
  • 2
    Loss 5%
    Correct
    Wrong
  • 3
    Gain 2.5%
    Correct
    Wrong
  • 4
    Gain 5%
    Correct
    Wrong
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Answer : 4. "Gain 5%"

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