Profit and Loss Questions Practice Question and Answer

Q: A shopkeeper earns a profit equal to the selling price of 11 meter by selling 22-meter cloth. Find the profit percent. 2998 1

  • 1
    50%
    Correct
    Wrong
  • 2
    52%
    Correct
    Wrong
  • 3
    45%
    Correct
    Wrong
  • 4
    55%
    Correct
    Wrong
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Answer : 1. "50%"

Q:

Sandeep buys an old scooter for Rs.4700 and spends Rs.800 on its repairs. If he sells to its Rajesh for Rs.5800, then his gain percent will be:

2960 0

  • 1
    $$ 5 {5\over11}%$$
    Correct
    Wrong
  • 2
    $$ 4 {4\over7}%$$
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 1. "$$ 5 {5\over11}%$$"

Q:

A person bought 8 quintals of rice for certain rupees. After a week, he sold 3 quintals of rice at 10% profit, 3 quintals of rice with neither profit nor loss and 2 quintals at 5% loss. In this transaction what is the profit? 

2925 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    0.5
    Correct
    Wrong
  • 3
    1.5
    Correct
    Wrong
  • 4
    2.5
    Correct
    Wrong
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Answer : 4. "2.5"

Q:

If the profit on selling an article for Rs. 579 is the same as the loss on selling it for Rs. 337, then find the profit percent if its selling price is Rs. 687.

2924 0

  • 1
    245%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    27 ½ %
    Correct
    Wrong
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Answer : 3. "50%"

Q:

If the cost of pins reduces by Rs . 4 per dozen, 12 more pins can be purchased for Rs. 48. The cost of pins per dozen after reduction is: 

2883 0

  • 1
    Rs. 16
    Correct
    Wrong
  • 2
    Rs. 20
    Correct
    Wrong
  • 3
    Rs. 8
    Correct
    Wrong
  • 4
    Rs . 12
    Correct
    Wrong
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Answer : 4. "Rs . 12 "

Q:

On selling an article for Rs 162 there is a loss of 10%.At what price it should be sell in order to gain a profit of 10%?

2809 0

  • 1
    200
    Correct
    Wrong
  • 2
    198
    Correct
    Wrong
  • 3
    196
    Correct
    Wrong
  • 4
    194
    Correct
    Wrong
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Answer : 3. "196"

Q:

By selling an article for Rs. 320, a man incurs a loss of 20%, what should be the selling price of an article to gain 30%?

2806 0

  • 1
    Rs. 520
    Correct
    Wrong
  • 2
    Rs. 690
    Correct
    Wrong
  • 3
    Rs. 550
    Correct
    Wrong
  • 4
    Rs. 440
    Correct
    Wrong
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Answer : 1. "Rs. 520"

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