Profit and Loss Questions Practice Question and Answer
8 Q: The profit earned by selling an article for ₹832 is equal to the loss incurred when the article is sold for ₹448. What will be the selling price of the article if it is sold at a ₹10%, loss?
1185 06479d594bf323e479a8002bb
6479d594bf323e479a8002bb- 1₹576true
- 2₹540false
- 3₹625false
- 4₹640false
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Answer : 1. "₹576 "
Q: The marked price of an article is 40% above its cost price. If its selling price is $$73{1\over 2}\%$$ of the marked price, then the profit percentage is
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64be607123047f4c71dc905b- 12.4%false
- 22.9%true
- 33.1%false
- 42.7%false
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Answer : 2. "2.9%"
Q: The marked price of an article is 30% higher than the cost price. If a trader sells the articles allowing 10% discount to customer, then the gain per- cent will be
1130 06400bbe0cbcfaac053000555
6400bbe0cbcfaac053000555- 117 %true
- 220 %false
- 319 %false
- 415 %false
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Answer : 1. "17 %"
Q: A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price giving 10% discount and the rest by giving 50% discount on the marked price. What is his overall profit/loss per cent?
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64c76623a919c8488e1e2375- 1Loss 2.8%false
- 2Profit 2.8%false
- 3Profit 3.6%true
- 4Loss 3.6%false
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Answer : 3. "Profit 3.6%"
Q:Answer the following questions
Lokesh sold two items at same price. One of them was sold at a profit of 10% and the other at the loss of 10%. What is the net result of entire transaction?
1124 063bd5c7974eba5069d4a7569
63bd5c7974eba5069d4a7569- 11% losstrue
- 22% profitfalse
- 31% profitfalse
- 42% lossfalse
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Answer : 1. "1% loss "
Q: A man buys a cycle for ₹1400 and sells it at a loss of 15%. What is the selling price of the cycle?
1116 06246c67a398e4a497b43d0bd
6246c67a398e4a497b43d0bd- 1₹1160false
- 2₹1000false
- 3₹1202false
- 4₹1190true
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Answer : 4. "₹1190 "
Explanation :

Q: Total cost of A pens and (A-2) pencils is Rs 424. If one pencil and one pen costs Rs 4 and Rs 20 respectively then find A?
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630de4ad7c72c077845c2f8d- 116false
- 218true
- 315false
- 420false
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Answer : 2. "18"
Q: The selling prices of two articles are equal. If the first article is sold at a profit of 20% and the second article is sold at a loss of 20%, what will be the overall loss percentage?
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6426e0ed9d18d2e8ae1e037c- 14%true
- 23.5%false
- 32.5%false
- 42%false
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