Profit and Loss Practice Question and Answer

Q:

A shopkeeper marked an article 75% above the cost price and sold it after a discount of 50%. Find the cost price of the article if he had a loss of Rs. 156.

2029 0

  • 1
    Rs. 1200
    Correct
    Wrong
  • 2
    Rs. 1240
    Correct
    Wrong
  • 3
    Rs. 1250
    Correct
    Wrong
  • 4
    Rs. 1248
    Correct
    Wrong
  • 5
    Rs. 1270
    Correct
    Wrong
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Answer : 4. "Rs. 1248"

Q:

The price of 6 pencils is Rs. 30 and that of 12 pens is Rs. 120. What is the average price of 50 pencils and 50 pens?

2016 0

  • 1
    6.75
    Correct
    Wrong
  • 2
    7.5
    Correct
    Wrong
  • 3
    5
    Correct
    Wrong
  • 4
    5.75
    Correct
    Wrong
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Answer : 2. "7.5"

Q:

A dishonest dealer marks up the price of an article by 15% and gave a discount of 20%. He also uses 900gm instead of 1000gm. Find his profit percent.

1999 0

  • 1
    $$ { 23\over8}$$
    Correct
    Wrong
  • 2
    $$ { 20\over9}$$
    Correct
    Wrong
  • 3
    10
    Correct
    Wrong
  • 4
    $$ { 15\over7}$$
    Correct
    Wrong
  • 5
    20
    Correct
    Wrong
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Answer : 2. "$$ { 20\over9}$$"

Q:

Naresh purchased a TV set for Rs. 11,250 after getting a discount of 10 % on the labeled price. He spent Rs. 150 on transport and Rs. 800 on installation. At what price should it be sold so that the profit earned would have been 15 % if no discount was offered? 

1994 0

  • 1
    Rs. 12937.50
    Correct
    Wrong
  • 2
    Rs. 14,030
    Correct
    Wrong
  • 3
    Rs. 13,450
    Correct
    Wrong
  • 4
    Rs. 15467.50
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs. 14,030 "

Q:

A loss of 19% gets converted into a profit of 17% when the selling price is increased by Rs. 162. The cost price of the article is 

1979 0

  • 1
    Rs. 450
    Correct
    Wrong
  • 2
    Rs. 600
    Correct
    Wrong
  • 3
    Rs. 360
    Correct
    Wrong
  • 4
    Rs. 540
    Correct
    Wrong
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Answer : 1. "Rs. 450"

Q:

A vacuum cleaner was marked at 30% above the cost price and a discount of 24% was given on its marked price. What is the profit/loss percentage?

1977 0

  • 1
    4%
    Correct
    Wrong
  • 2
    1.2%
    Correct
    Wrong
  • 3
    6.25%
    Correct
    Wrong
  • 4
    2.5%
    Correct
    Wrong
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Answer : 2. "1.2%"

Q:

The cost price of an article is 480. If it is to be sold at a profit of 6.25 %, how much would be its selling price? 

1941 0

  • 1
    Rs 510
    Correct
    Wrong
  • 2
    Rs 530
    Correct
    Wrong
  • 3
    Rs 503
    Correct
    Wrong
  • 4
    Rs 519
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 510"

Q:

Cost of 18 shirts and 45 trousers is Rs 68,400. What is the cost of 10 shirts and 25 trousers?

1935 0

  • 1
    Rs 38,000
    Correct
    Wrong
  • 2
    Rs 36,000
    Correct
    Wrong
  • 3
    Rs 34,200
    Correct
    Wrong
  • 4
    Rs 36,200
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 38,000"

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