Profit and Loss Questions Practice Question and Answer
8 Q: A shopkeeper has 11 books of same cost price. He sells the first book at certain price, then he sells second book at a price which is ₹ 1 less than the selling price of first book and then he sells third book at a price which is ₹1 less than the selling price of second book. Following this pattern, he sold all 11 books. If he sells sixth book at its cost price. Find the overall percent profit or loss on selling all 11 books.
3039 05dd37ade874d2d52fa316a87
5dd37ade874d2d52fa316a87- 120%false
- 210%false
- 3$$ {1\over 11}\% $$false
- 4No profit no Losstrue
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Answer : 4. "No profit no Loss "
Q: A shopkeeper earns a profit equal to the selling price of 11 meter by selling 22-meter cloth. Find the profit percent. 2998 15d1331bc925caa2d5bbbff70
5d1331bc925caa2d5bbbff70- 150%true
- 252%false
- 345%false
- 455%false
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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 05ef1861d2c39485d739e832d
5ef1861d2c39485d739e832d- 1$$ 5 {5\over11}%$$true
- 2$$ 4 {4\over7}%$$false
- 310%false
- 412%false
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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?
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5ed4b0d7ebc5ce408e26b17a- 13.5false
- 20.5false
- 31.5false
- 42.5true
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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 0605868ee9982dc053f988872
605868ee9982dc053f988872- 1245%false
- 225%false
- 350%true
- 427 ½ %false
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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 05efc791fd4461c5b47d6d0fb
5efc791fd4461c5b47d6d0fb- 1Rs. 16false
- 2Rs. 20false
- 3Rs. 8false
- 4Rs . 12true
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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 05ebeb7f2f51fcb2168f8cfe1
5ebeb7f2f51fcb2168f8cfe1- 1200false
- 2198false
- 3196true
- 4194false
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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 05eb94b27a445f56aef0937ca
5eb94b27a445f56aef0937ca- 1Rs. 520true
- 2Rs. 690false
- 3Rs. 550false
- 4Rs. 440false
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