Profit and Loss Questions Practice Question and Answer

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?

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  • 1
    ₹576
    Correct
    Wrong
  • 2
    ₹540
    Correct
    Wrong
  • 3
    ₹625
    Correct
    Wrong
  • 4
    ₹640
    Correct
    Wrong
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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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  • 1
    2.4%
    Correct
    Wrong
  • 2
    2.9%
    Correct
    Wrong
  • 3
    3.1%
    Correct
    Wrong
  • 4
    2.7%
    Correct
    Wrong
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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 0

  • 1
    17 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    19 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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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?

1130 0

  • 1
    Loss 2.8%
    Correct
    Wrong
  • 2
    Profit 2.8%
    Correct
    Wrong
  • 3
    Profit 3.6%
    Correct
    Wrong
  • 4
    Loss 3.6%
    Correct
    Wrong
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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?

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  • 1
    1% loss
    Correct
    Wrong
  • 2
    2% profit
    Correct
    Wrong
  • 3
    1% profit
    Correct
    Wrong
  • 4
    2% loss
    Correct
    Wrong
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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 0

  • 1
    ₹1160
    Correct
    Wrong
  • 2
    ₹1000
    Correct
    Wrong
  • 3
    ₹1202
    Correct
    Wrong
  • 4
    ₹1190
    Correct
    Wrong
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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?

1115 0

  • 1
    16
    Correct
    Wrong
  • 2
    18
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    20
    Correct
    Wrong
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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?

1108 0

  • 1
    4%
    Correct
    Wrong
  • 2
    3.5%
    Correct
    Wrong
  • 3
    2.5%
    Correct
    Wrong
  • 4
    2%
    Correct
    Wrong
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Answer : 1. "4%"

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