Profit and Loss Questions Practice Question and Answer
8 Q: A starts a business, after 6 months B also join him with Rs.4500 and after 2 months of B’s joining C also join them with Rs.4500. If A gets approx. Rs 4900 out of total annual profit of Rs. 10,000 then find the approximate value of initial investment of A.
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5df9b7bd9e7c624c9bfe900b- 1Rs. 4800false
- 2Rs. 4200false
- 3Rs. 3600true
- 4Rs 4400false
- 5Rs. 5200false
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Answer : 3. "Rs. 3600"
Q: A piece of land came to a person through three middlemen each gaining 20%. If the person purchased the land for Rs. 3,45,600 the original cost of the land was:
2785 15efd52dceb90be58c591c022
5efd52dceb90be58c591c022- 1Rs.1,75,800false
- 2Rs.2,00,000true
- 3Rs.1,00,000false
- 4Rs.1,50,000false
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Answer : 2. "Rs.2,00,000"
Q: By selling 15 mangoes, a fruit seller gains the selling price of 3 mangoes. His gain is
2740 05ee9abc7eee45c3b8374b6aa
5ee9abc7eee45c3b8374b6aa- 125%true
- 216%false
- 324%false
- 427%false
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Answer : 1. "25%"
Q: Prakash, Sunil and Anil started a business jointly investing Rs. 11 lakhs, Rs. 16.5 lakhs and Rs 8.25 lakhs respectively. The profit earned by them in the business at the end of three years was Rs. 19.5 lakhs. What will be the 50% of Anil's share in the profit?
2709 05e4d07f9701cfd31ff632dc3
5e4d07f9701cfd31ff632dc3- 1Rs. 4.5 lakhsfalse
- 2Rs. 2.25 lakhstrue
- 3Rs. 2.5 lakhsfalse
- 4Rs. 3.75 lakhsfalse
- 5None of thesefalse
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Answer : 2. "Rs. 2.25 lakhs "
Q: Profit after selling a commodity for 524 is the same as loss after selling it for Rs. 452. The cost price of the commodity is
2633 05ddfc6a70fc39a7688757a3b
5ddfc6a70fc39a7688757a3b- 1480false
- 2500false
- 3488true
- 4485false
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Answer : 3. "488 "
Q: A trader sold an article at profit of 20%. Had he bought that article at 60% less price and sold it at Rs 90 less, then he would have gained 50%. What is the value (in Rs) of cost price?
2627 05efd52047228dd6b06e2c9a3
5efd52047228dd6b06e2c9a3- 1250false
- 2300false
- 3150true
- 4200false
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Answer : 3. "150 "
Q: On selling 36 oranges one incurs a loss equal to selling Price of 4 oranges. What will be the loss%? 2561 05d133058925caa2d5bbbff6b
5d133058925caa2d5bbbff6b- 110%true
- 234%false
- 313%false
- 414%false
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Answer : 1. "10%"
Q: If 5500 copies are published and the transportation cost on them amounts to Rs. 82,500, then what should be the selling price of the book so that the publisher can earn a profit of 25%?
2543 05d70c73bd8eebc768d114030
5d70c73bd8eebc768d114030
- 1Rs. 187.50true
- 2Rs. 191.50false
- 3Rs. 175false
- 4Rs. 180false
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Answer : 1. "Rs. 187.50"
Explanation :
For the publisher to earn a profit of 25% S.P = 125% of C.P.
Also Transportation Cost = 10% of C.P.
Let the S.P of 5500 books be Rs. x.
Then, 10 : 125 = 82500 : x ⇒ x = Rs.
= Rs. 1031250.
⸫ S.P. of one book = Rs.
= Rs. 187.50.

